Senior Finance Assistant

World Bank Group

Chennai, India

Experience: 3 to 5 Years

Skill Required: Accounts and Finance

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.

The Vice Presidency for Corporate Support (COSVP) integrates Budget and Business Administration, HR, Communication, Partnerships, and Information & Technology functions under one umbrella to enable execution of IFC’s management and operational needs in the best way. Within COSVP, Budget and Business Administration department (CBA) plays a pivotal role in allocating IFC scarce resources and aligning them to IFC 3.0 by leveraging budget as a management tool to mainstream the corporate strategy, creating profitability and efficiency metrics, improving the scorecard, and overseeing procurement and facilities administration.

CBARM is recruiting three Senior Finance Assistants (GD) located in Chennai. The staff will be part of CBACS Chennai Support team, supporting the Finance Analysts and the Finance Officer with Financial Management Support to various VPUs in IFC. This includes ensuring that transaction processing is performed in accordance with IFC policies and corporate procurement guidelines, monitoring, reviewing and performing analysis to ascertain that the objectives of procurement guidelines and policies are being met in the most efficient and effective manner. 

The position requires good technical, analytical, systems, verbal and written communication skills, as well as sound knowledge of IFC operating, fiduciary and administrative processes for resource management. 

Roles & Responsibilities:

Financial management of IFC business units work program and resources:

  • Act as primary budget or finance focal point for several IFC business units, including but not limited to: Legal, Real Estate, IT, Western Europe, and Communications depts.
  • Provide transactional and compliance support to business units, including monitoring of client service accounts, and processing of transactions in SAP/Admin/e-Payables for different business units.
  • Communicate with client unit/task team leader (TTL) / Project Manager (PM) to gather all required information pertaining to Purchase Order (PO) creation.
  • Liaise with Corporate Procurement, Accounts Payable (AP) & Human Resources teams to ensure that purchase orders, payments, and ST appointments are processed on time.
  • Coordinate with clients within the Bank and with external vendors to ensure timely payments and resolve processing delays.
  • Follow up with AP colleagues and vendors to resolve payment issues.
  • Frame problems and recommend solutions to transaction processing issues identified.
  • Actively contribute towards the CBACS Client Service Knowledgebase project: providing support for creating tip-sheets and documents to help with client-handover process, publishing documents useful for clients and for internal references in the CBA intranet website, and any other ad-hoc documentation support for the team/clients, as and when required.
  • Other ad hoc tasks as required to support the overall IFC financial management framework.

Financial Control and Fiduciary Responsibilities:

  • Support internal control framework of IFC’s business units’ financial transactions.
  • Support the reviews on quality assurance processes. 
  • Liaise with staff in IFC B&F network to improve knowledge and awareness with respect to budget methodologies, policies, internal controls, IFC policies and procedures.
  • Contribute to streamlining processes through automation and simplification initiatives in transaction processing and reporting.

Selection Criteria

  • Relevant bachelor’s degree (Finance or Accounting) with two to three years of relevant professional experience as senior finance assistant or country office accountant.  
  • Sound knowledge in financial accounting and reporting.
  • Ability to research, analyze and synthesize information, interpret data, retrieve information and clearly and concisely summarize result. 
  • Desired working proficiency in SAP, AO, BPC, BI, and other budget systems used by IFC for transactional and reporting purposes.
  • Experience in Power BI, Tableau or other data visualization tool, a plus.
  • Strong problem solving, conceptual, and analytical skills.
  • Good Excel spreadsheet design skills, ability to quickly identify logical data structures, and working knowledge of Microsoft Word and Power Point.
  • Proven, consistent dedication to excellence and consummate attention to detail.
  • Excellent communication and networking skills, fluency in English is essential.  
  • Strong commitment to teamwork and knowledge sharing is an essential attribute. 
  • Strong interpersonal skills and ability to maintain collaborative work relations with all levels of staff, and to develop solid relationships with key stakeholders and build productive partnerships.