E T Consultant

Finance & Economy

Overview

Provide analytical support for financial management and reporting in CSA.

You have:

• Degree in Accounting, Finance, Business or Economics with at least 2-4 years of working experience.
• Sound knowledge and understanding of accounting theory, concepts, and principles.
• Working knowledge of Imprest Accounting related SAP processes and transactions is an advantage.
• Advanced problem solving, analytical skills.
• Good data mining skills with working knowledge of Microsoft Package and advanced Excel skills.
• Effective communication skills with the ability to prepare, present and discuss findings in written or oral form.
• Ability to manage multiple, concurrent tasks with tight deadlines.
• Excellent interpersonal, teamwork, and communication skills.
• Fluency in the English language.

Contract

This is a World Bank Group grade: EC1 contract. More about World Bank Group grade: EC1 contracts.

E T Consultant

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 Budget and Business Administration Department (CBA) integrates financial sustainability and resource and administration functions under one umbrella to enable execution of management and operational needs in the best way. Aligning IFC’s strategy and resource management capabilities and deliverables while supporting IFC’s financial sustainability mandate is imperative for our strategic engagements and client delivery.

The Finance Unit (CBASA) for the South Asia Region (CSA) is responsible for work program planning, budgeting, budget & financial reporting and resource management for all the offices in the CSA Region. Overall, CBASA maintains cost efficiency and effective controls over all financial transactions and provides support for effective management of resources.

Within the CBASA unit, CBA is seeking a Finance Analyst for the South Asia (CSA) region. The role provides analytical support to CSA’s Regional Department and reports to the Budget/Finance Officer.

The location and recruitment type of this position will be in the CSA country office in Mumbai, India.

Role and Responsibilities:

1. Financial Control and Fiduciary Responsibilities:

• Review all invoices for compliance before payment processing.

• Processing of vendor/staff payments/deductions and consultant reimbursements via payment portal including SAP. Frequent review of expenses for accuracy and ensures timely corrections/adjustment of erroneous transactions. Track vendor payments and attend to their queries

• Vendor registration support via the portal.

• Handle petty cash weekly reconciliation and monthly closing. Ensure that petty cash is adequately funded at all times through regular monitoring and replenishment requests

• Local bank account opening and closing for staff including non-nationals

• Fixed assets, ensures that all asset procurements, disposals and reporting conform with WBG policies and procedures. Annual reconciliation of inventory in SAP.

• Maintain strong controls to ensure a STRONG scorecard rating

2. Regional Financial Planning and Budgeting:

• Coordinate the regional and overhead budget formulation for total resources needed to support regional activities according to work program requirements for the region.

3. Reporting and Analytics:

• Budget spend analysis on a monthly basis. Review expenses periodically and determine non-eligible expenses for reposting to appropriate sources of funds

• Assist with adhoc reports as and when needed including Travel analysis /spend analysis

4. Liaison and Knowledge sharing:

• Liaison with Chennai office regarding Imprest/Payroll/SRS/Travel audit/Account Payable issues

• Providing expert advice and guidance to staff on accounting theory and practice, recommending solutions to various issues

• Monitor issuance of PCard, Event Card and staff Travel Card to ensure compliance to the institutional policies and guidelines

• Be aware of the policies including Travel/reimbursements and advise staff

5. Filing for GST and VAT refunds:

• GST: Follow up for GST invoices for Airlines and regular vendors

• Compilation of GST documents for the office to be filed in Delhi. Liaison and work closely with the tax consultant to file GST refunds quarterly

• VAT: Keep track of VAT refunds on quarterly basis for Mumbai office and consolidating invoices for filing the refund in Mumbai

Selection Criteria

• Degree in Accounting, Finance, Business or Economics with at least 2-4 years of working experience. “Professional accreditation is appreciated but not required”.

• Sound knowledge and understanding of accounting theory, concepts and principles, financial accounting reporting, and cost allocations.

• Diligence and attention to details.

• Working knowledge of Imprest Accounting related SAP processes and transactions is an advantage.

• Advanced problem solving, analytical skills.

• Ability to analyze and synthesize information, interpret data, retrieve information and clearly and concisely communicate results. Good data mining skills with working knowledge of Microsoft Package. Advanced Excel skills.

• Effective communication skills with the ability to prepare, present and discuss findings in written or oral form.

• Ability to manage multiple, concurrent tasks with tight deadlines.

• Excellent interpersonal, teamwork and communication skills.

• Fluency in the English language.

World Bank Group Core Competencies

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.

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Potential interview questions

Added 3 years ago - Updated 1 year ago - Source: worldbank.org