Financial Officer will work as part of the team of professionals to meet the Divisions responsibilities as they relate to preparing statutory and management reporting packages, Chennai liaison for ERP implementation, serve as in-house functional specialist to work with IT to leverage technology to support the Division deliverables, financial analysis and implementing various Division/institutional projects. S/he will also provide proactive task leadership to small groups of WFACC staff formed to handle projects or unique tasks.
Duties and Accountabilities:
Financial reporting: Serve as the key point of contact for WFACC for the preparation of IBRD/IDA’s financial statements including the MD&A, management reporting and other ancillary documents. Ensure that monthly, quarterly, and annual financial reporting is accurate, timely, and in compliance with GAAP and/or internal reporting requirements.
Financial analysis: Identify trends and/or potential inconsistencies through critical review of data and fact patterns. Assess the Bank’s financial position and results in the context of market movements. Specifically, monitor the interest, foreign exchange, and credit risk exposures of all financial instruments used by the Bank, including those in the loan, investment, and the borrowing portfolios
Project implementation: Lead / Coordinate project team and support the Division to navigate and migration to new products, processes, and system changes. Be the subject matter expert in the assigned project to provide thought leadership in techno functional aspects in the current and changing ERP environment. As a custodian of the reporting ledgers, assess, identify, and eliminate potential bottlenecks in the new system implementation like ERP or reporting tools like Wdesk.
Digital Dexterity: Lead, innovate and share knowledge of best technology practices to increase efficiency and impact for the Division through incorporating technology tools to add more value to routine tasks and to solve work-related problems. Plan and provide technical direction to other team members for projects related to systems/migration.
Accounting Policy: Research accounting issues and interpret accounting standards in coordination with DC leads and the Accounting Policy team to ensure the application of existing and new accounting guidance timely and accurately. Maintain strong working knowledge of the applicable accounting framework as well as a thorough understanding of the Bank’s portfolios and processes to analyze the appropriate accounting treatment of new financial products and strategies
Internal/external relationship management: Act as the point person from WFACC for the stakeholders. Coordinate financial reporting, accounting, internal control, and external audit activities with counterparts from other business units within the Bank;
Support WFACC Senior Team Lead to plan recruitment of staff, set selection criteria according to skill sets and competencies required for jobs in WFACC, hire the best resources available in the marketplace, and help build a motivated team. Provide direction, training and guidance as needed to less experienced staff in the Division and serve as an adequate source of help for the teammates.
Plan skills and knowledge development for the team through on-the-job and external training, to ensure both staff development and the effective execution of the work plan.
Identify challenges and opportunities for improvement in current control and work processes and coordinate with the Senior Team Lead to devise solutions.
Selection Criteria:
Chartered Accountants with a minimum of seven years post qualification experience preferably with a financial institution or a ‘big 4’ accounting firm.
Strong knowledge of U.S. GAAP and proficiency with researching accounting literature
Hands on experience in statutory and management reporting for a financial institution.
Strong Understanding of financial reporting tool like Wdesk and ERP/SAP functionalities with the ability to converge business processes and ERP technical aspects. Project management experience handling migration of accounting /reporting software would be advantageous.
Working knowledge of one or more complex financial reporting tools.
Understanding of the overall financial dynamics of multilateral development organization would be advantageous.
High level of initiative, self-starter; proven problem-solving skills, ability to deliver high quality results and operates with minimum supervision
Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.
Ability to contribute to team performance with strong interpersonal and communication skills
