E T Consultant

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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.

IFC's Budget & Administration Department (CBA) is part of the Corporate Support Vice Presidency (COSVP) and plays a significant role in achieving IFC’s mission. Department responsibilities include business planning formulation, budgeting, investment and advisory support, reporting & analytics, administration, procurement, facilities management, and global security among others. CBA has the mandate to connect the dots across the organization and bring insight and consistency to IFC’s resource management.

The CBA Resource Management (CBARM) team is seeking to recruit an Extended Term Consultant (ETC) to support the CBABA unit with: (i) Advisory and DTFI trust fund financial management related activities, including financial controls and cash management, (ii) support to the implementation, maintenance, and (iii) optimization of IFC’s Fee Accounting Management System (FAMS) for Advisory. The position requires the individual to maintain a high level of service capability through direct interface with the IFC Budget and Finance (F&B) network, IFC operational teams and IBRD counterparts. The ETC will work under the supervision of the Advisory and DTFI Controller.

Role and Responsibilities

• Analyze and document trust fund financial reporting business processes and recommend adjustments to existing workflows. • Work in close collaboration with CBABA Finance Officers and IFC accounting to improve Trust Fund reporting. • Implement management recommendations for the improvement of trust fund internal controls. • Support the AS Controller in the cash allocation decisions under of IFC retained designations. • Support the AS Controller in administering the annual Letter of Representation (LOR) and Single Audit exercises. • Support the FAMS AS end-of-month book closing period by compiling and documenting transaction evidence. • Provide billing support for processing bulk invoices for AS programs, including but not limited to the Small and Medium Enterprise Program and the Impact Investing Program. • Coordinate foreign currency settlements between IBRD/IFC Treasury units and CBA. • Advice IBRD’s accounts receivable and IFC’s Budget Support Help desk on technical billing questions. • Serve as the FAMS AS Community of Practice (CoP) Co-chair. • Maintain and update the content of the FAMS AS Help webpage. • Support the design and implementation of FAMS AS system enhancements, including, but not limited to, the design of a billing collection process for invoices outstanding and the improvement of the invoice requisition process. • Serve as an active member on corporate projects that require CBABA participation or coordination. • Work in close collaboration with F&B Network, Financial Reporting, Accounting Policy, and WFA teams on an ongoing basis to share information, review financial practices and solve problems.

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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.

IFC's Budget & Administration Department (CBA) is part of the Corporate Support Vice Presidency (COSVP) and plays a significant role in achieving IFC’s mission. Department responsibilities include business planning formulation, budgeting, investment and advisory support, reporting & analytics, administration, procurement, facilities management, and global security among others. CBA has the mandate to connect the dots across the organization and bring insight and consistency to IFC’s resource management.

The CBA Resource Management (CBARM) team is seeking to recruit an Extended Term Consultant (ETC) to support the CBABA unit with: (i) Advisory and DTFI trust fund financial management related activities, including financial controls and cash management, (ii) support to the implementation, maintenance, and (iii) optimization of IFC’s Fee Accounting Management System (FAMS) for Advisory. The position requires the individual to maintain a high level of service capability through direct interface with the IFC Budget and Finance (F&B) network, IFC operational teams and IBRD counterparts. The ETC will work under the supervision of the Advisory and DTFI Controller.

Role and Responsibilities

• Analyze and document trust fund financial reporting business processes and recommend adjustments to existing workflows. • Work in close collaboration with CBABA Finance Officers and IFC accounting to improve Trust Fund reporting. • Implement management recommendations for the improvement of trust fund internal controls. • Support the AS Controller in the cash allocation decisions under of IFC retained designations. • Support the AS Controller in administering the annual Letter of Representation (LOR) and Single Audit exercises. • Support the FAMS AS end-of-month book closing period by compiling and documenting transaction evidence. • Provide billing support for processing bulk invoices for AS programs, including but not limited to the Small and Medium Enterprise Program and the Impact Investing Program. • Coordinate foreign currency settlements between IBRD/IFC Treasury units and CBA. • Advice IBRD’s accounts receivable and IFC’s Budget Support Help desk on technical billing questions. • Serve as the FAMS AS Community of Practice (CoP) Co-chair. • Maintain and update the content of the FAMS AS Help webpage. • Support the design and implementation of FAMS AS system enhancements, including, but not limited to, the design of a billing collection process for invoices outstanding and the improvement of the invoice requisition process. • Serve as an active member on corporate projects that require CBABA participation or coordination. • Work in close collaboration with F&B Network, Financial Reporting, Accounting Policy, and WFA teams on an ongoing basis to share information, review financial practices and solve problems.

Selection Criteria

• Bachelor’s degree in Business Administration, Finance, Accounting, or relevant fields, with 2 to 4 years of relevant professional experience. Professional accreditation is appreciated but not required. • Sound knowledge and understanding of accounting theory, concepts, and principles, combined with proven practical knowledge of financial concepts involving budget formulation, IFC’s funding sources, expense monitoring, and fundamental financial/expense controls. • Excellent knowledge of Trust Fund Management, policies, procedures, and guidelines (TLAP accreditation is recommended), and working knowledge of SAP, BW, AO, and other Resource Management systems used by IFC. • Good knowledge of Advisory Services and/or Investment Services operations is a plus. • Ability to take tasks, conduct independent research and analysis, identify issues, formulate options, draw conclusions, and submit recommendations. • Excellent problem solving, conceptual, and analytical skills. Sound judgment, proactive and action oriented, high degree of initiative and ability to work independently with minimum direction. • Demonstrated ability to manage and complete multiple projects simultaneously and to meet deadlines under pressure. • Strong communication skills (in English), both written and oral, to convey complex financial, accounting, and administrative issues in a clear, and concise way. • 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

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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.