The Financial Operations unit (CNTFO) within the IFC Controllers Department has overall responsibility for recording, servicing, and providing post-commitment support for the private sector loan, guarantee, short term finance products and programs, and the equity investments of the International Finance Corporation, and has several units that deliver this work, namely Loan Operations Team (CNTLO), Equity and Custody Operations Team (CNTEC) and Quality Assurance Team (CNTQA).
CNTFO provides financial operations support and services to the IFC Investment Departments, counterparts, internal and external financial and investment reporting units, syndication and treasury units, and portfolio management units, in the administration and management of all IFC Loan, Guarantee, Equity, and Development-Partner-Trust Funds financial operations. CNTLO administers and manages all IFC loan financial operations which includes processing and monitoring transactions such as straight senior loans, syndications, bonds, guarantees risk participation and donor funded investments. CNTEC provides customer services to the investment departments and external clients through the servicing and accounting of IFC’s equity investments. CNTQA is responsible for quality control over the recording of loan and equity transactions, through data mining and analysis, review of metrics and controls, and coordination across units to address data quality and control gaps.
The units ensure that loan and guarantee agreements, equity investments, and Development-Partners-trust-fund investments are recorded accurately and timely in the Corporation’s systems of record and general ledger. The units play a key role in the decision-making for, and implementation of, IT systems and upgrades, as well as in the implementation of new initiatives and financial products to ensure that data is recorded accurately and timely.
CNTFO has co-located some aspects of its work program to IFC’s Chennai Office (CNTCO), who have recruited staff in the IFC Financial Operations Support team (CNTFC) to deliver this work program. The team provides support and interacts with IFC colleagues in Washington on a day–to–day basis. The Financial Analyst shall interact extensively with internal partners, such as Loan Operations counterparts, Trust Funds Middle Office, IT teams, Cash Settlement unit, and IFC Financial Reporting team. The Financial Analyst will report to the Team Lead of CNTFC Loan & Equity unit in Chennai. The individual must be a self-starter in identifying and undertaking projects or initiatives
Duties & Responsibilities:
The Financial Analyst is a key member of the team, providing operational and administrative support for the IFC’s Loans and Equity operations. This role requires frequent interaction with internal counterparts in CNT, Treasury, Investment operations team, Syndications team, Internal Controls, and the external auditors.
Review of project agreements to ensure accurate booking of product commitments in IFC systems
Review of Donor Trust Fund Investment (DTFI) agreements and ensuring that all Master Data set-up is executed properly in IFC systems
Manage GL Accounts configuration and Event set-up administration in DTFI system.
Process disbursements for regular loans, other debt products, Short Term finance products, TF guarantee claims, TF rebate payouts, TF Equity
Portfolio supervision pertaining to DTFI Risk Sharing Facilities, Guarantees, and Equities
Participate in execution of end-to-end DTFI processes and ensure effective communication and coordination with all related parties
Monitor daily donor bank account movements and accurate timely transaction processing and reconciliation in Quantum for DTFI, and perform monthly interest calculation and posting for individual Donor sub accounts
Settling of client’s payments related to loans, guarantees, short term finance, risk sharing facilities, blended finance facilities and other debt instruments.
Process wire transfer for regular reflows of loan principal and income to the IFC’s donor participants
Ensure accurate and timely posting of transactions in ACBS and Investran for Loans, Guarantees, Donor funded activities and equities.
Execute monitoring, reconciliation, compliance, and periodic reporting of Donor-Trust-Fund-Investments (DTFI), Risk sharing facilities, MCPP and Blended finance facilities.
Support in preparation of Year-end Financial statements, Annual reporting, GL analysis, and closing for DTFIs in IFC systems
Support a wide range of new product initiatives by assessing and advising on impact of such initiatives on processes in close coordination with CNTLO/EC Quality Assurance team, IT support team, and Investment operations team.
Reconcile and articulate accounting issues related to ACBS transaction postings, SAP and ODS
Support department’s various existing and future business automations, transformations, and big-ticket institutional projects like loan system replacement, Quantum Upgrade, Investran Upgrade in close coordination with HQ counterparts, different stakeholders, and the IT support teams
Participate in development, testing and implementation of new and enhanced processes to accommodate the transition of the IFC Loan portfolio from LIBOR to SOFR
Provide guidance to internal and external clients regarding transaction processes, procedures and IFC’s corporate policies under all aspects of Loans, Guarantees, Donor Trust Funds Investments (DTFI) functions and Risk Sharing Facilities
Provide backup coverage during peak volume periods.
Selection Criteria:
Master’s Degree preferably with a major in business administration, accounting, finance, or international trade finance.
Accounting Certification such as CA or CPA would be a plus.
Minimum 3 years’ experience in related fields with a public/private financial institution.
Knowledge of IFC systems, procedures and policies shall be advantageous. (IFC uses SAP, Investran, Quantum, I-Portal).
Ability to contribute to team performance with strong interpersonal and communication skills with attention to details.
Dedicated teammate with excellent organization skills and ability to interact tactfully and professionally with clients and staff at all levels.
Ability to deliver quality results under pressure, and with limited direct supervision.
Excellent problem solving and analytical skills.
Solid skills and knowledge of the latest information and office technology, and relevant business tools. Highest ethical and business conduct standards.
Fluency in written and spoken English required. Fluency in another WBG working language a plus.
