Associate Finance Officer

Contract

This is a World Bank Group grade: GF contract. More about World Bank Group grade: GF contracts.

Associate Finance Officer

Description

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. For more information, visit www.ifc.org.

The Vice Presidency for Corporate Support (COSVP) integrates Budget and Business Administration (CBA), HR, Communication, and Information & Technology functions under one umbrella to enable execution of IFC’s management and operational needs in the best way.

CBAEC is a unit within CBA supporting EUR Region based Operations units. CBAEC is looking to recruit an Associate Finance Officer to support Ukraine, Moldova and Belarus country management and to supervise country office accounting for these country offices. In addition, the Finance Office supports Industry budget and resource management, including Advisory & Upstream for one or few business lines within the EUR region as part of the regional responsibilities split within the CBAEC team. Up to 2 staff will report to the Finance officer.

Duties and Accountabilities: Specific Associate Finance Officer responsibilities are listed below: Budget and Resource Management • Lead unit(s) budget formulation, execution, monitoring, analysis and reporting activities working closely with clients at Country Managers/ Department Manager levels. Budget coverage support for Sub-Region and for another regional unit(s) is possible within the Regional split of responsibilities within CBAEC team. • Advise on resource allocation/reallocation. Lead forecasts on expenditures and staffing. • Ensure strong collaboration with the HR Business Partner to manage resource affordability for the unit. • Collaborate with the Partnership team on Donor funding availability and utilization for projects and programs as per Governance. Lead at least one key Donor administrative agreement support as part of Regional wide responsibility. • Identify trends and variations, identify/resolve issues, and discuss them with supervisor/Manager, working groups and other relevant staff. • Share knowledge of new WBG/IFC resource management & accounting and administrative policies and procedures, ensuring these are communicated and followed by staff.

Reporting, Communications and Liaison • Manage Donor reporting as per the agreement and in close coordination with the Portfolio team and Partnership teams. • Coordinate and lead preparation of monthly and quarterly unit financial and operational reports. • Work together with the team to help improve, standardize, and automate reports while leveraging the IFC Analytics Dashboard. • Work closely with CBARE on office ecology and other footprint analytics; partner with CBARE for the new office project(s) in relation to budget and finance matters to ensure efficient funds usage, accurate reflection in the operational budget forecast and respective capital budget requests. • Promote active sharing of knowledge and establish a strong knowledge network within and outside CBA Financial Control and Fiduciary Responsibilities: • Oversight and supervise all finance and accounting activity within the designated Country Office/s and ensuring strong control environment. • Ensure correct Time Recording codes for staff in the Unit, ensure correct staff costs accounting. • Perform regular analyses on all exception reports and identify problem transactions/irregularities and resolve problems in a timely and effective manner. • Within the SAP framework, take initiative to improve process and approaches, demonstrating adaptability to changing priorities and demonstrating innovative technical leadership. • Ensures compliance with World Bank group policies and procedures within the Unit.

Team Management • Lead, mentor and manage Ukraine based CBA staff on their day-to-day tasks under the guidance of Regional Finance Controller and Manager. • Manage resources to ensure timely completion of tasks and submission of outputs including effective back-up arrangements. • Promote sharing of knowledge, sharing of information within the team to scale best practice. • Promote CBA owned processes and systems knowledge with ACSs and other teams supporting Operations and build successful partnership to ensure smooth processes for administrative expenses, Travel, Procurement support processing within the Sub-Region.

Selection Criteria

• Relevant Master’s degree (Finance/Accounting/business administration or relevant fields) with 4+ years of experience. • Recognized professional accreditation (CPA, CMA, CIMA, ACCA, etc.) is a plus. • Sound knowledge and understanding of accounting theory, concepts and principles, combined with proven practical skills in financial and cost accounting reporting, business planning, work programming, budgeting, financial management and audit. Ability to understand different financial reports and ledgers. • Strong problem solving, conceptual, and analytical skills. • Ability to research, analyze, and synthesize information, interpret data, retrieve information from SAP or other databases and clearly and concisely prepare results. • Strong communication skills (in English), both written and oral, to convey complex budget and administrative financial issues concisely to management and staff. • Ability to lead smaller teams and supervise staff. • Strong interpersonal skills and ability to work effectively with internal/external partners in a multicultural environment. • Ability to develop solid relationships with key stakeholders and build productive partnerships.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

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