The Senior Financial Assistant will be responsible for accounting and reporting functions for Trust Fund business of the Bank. You will play a key role in maintaining a robust reporting and control environment for the Trust Fund Business and systems. You are expected to contribute to the institutional initiatives including financial accounting activities for assigned Trust Fund programs and reporting financial statements / information to the donors and program managers, new Trust Fund initiatives, Accounting Standard updates, and other system enhancements.
Responsibilities:
Execute centralized accounting processes, such as investment income allocation to individual trust funds, administration fee recovery, intercompany billing, computation and remittance of TF revenue to IBRD, settlement of dues to IBRD for payments made on behalf of trust funds, etc., in a timely and accurate manner.
Carry out periodic financial control activities, such as system interface reconciliations and monitoring of suspense and Inter-business unit accounts.
Perform critical month-end closing/year-end closing activities such as accounting model reconciliation, review of key accounts, business table reconciliations, trial balance analysis, revaluation, carry forward etc., and ensure month-end/year-end close per production schedule.
Compute and remit the administrative fee earned to IBRD; Provide quarterly analysis of deferred administrative fees to IBRD for financial reporting.
Ensure weekly settlement of dues to IBRD for payments made on behalf of trust funds.
Create GL accounts in TF company codes per request from BUs and map them to appropriate report types to facilitate accurate reporting.
Create and maintain posting rules for trust fund ledger postings.
Periodic review of SAP roles for WFATF and coordinate for changes to, or obtaining new SAP roles for staff.
Support half-yearly budget reorganization activities.
Lead/Participate in automation projects and coordinate with technical teams on system changes, bug fixes, enhancements and testing.
Contribute to the continuous improvements and process enhancement initiatives surrounding Trust Fund processes aimed at simplification and/or enhancements to process quality and controls.
Provide inputs and actively participate in various institutional projects.
Requirements:
A graduate with professional certification -Chartered Accountant or Certified Public Accountant.
0 to 1 year post qualification experience.
Proven working experience on accounting and reporting processes using automated accounting systems preferably SAP Exposure to various reporting tools like Alteryx, Power BI will be an advantage.
Good interpersonal and communication skills (both written and oral).
Strong client-focus and excellent team player.
Ability to deal sensitively in multi-cultural environments and build effective working relations with clients and colleagues.
Ability to function effectively in multi-disciplinary teams within a matrix environment.
