E T Consultant-Corporate Reporting and Analysis

Contract

This is a World Bank Group grade: EC3 contract. More about World Bank Group grade: EC3 contracts.

E T Consultant-Corporate Reporting and Analysis

Description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org

Division Overview – WFACR The Corporate Reporting and Analysis team (WFACR) is responsible for all aspects of the International Bank for Reconstruction and Development (IBRD) and the International Development Association’s (IDA) financial reporting. This includes quarterly/annual financial statements and management discussion and analyses, management reporting, business unit accounting oversight responsibilities (loans, cash, borrowings, investments, trust funds, pension, and administrative expenses), and the monthly closing of IBRD and IDA’s ledgers. The team also handles all aspects of IBRD’s capital accounting framework and the approval function of all IDA capital accounting transactions. The team’s roles and responsibilities provide a holistic understanding of the financial dynamics of IBRD and IDA, which places the team in a strong position to be able to assess the impact of market and institutional developments on the financial results of the two entities.

The Consultant will report to the Division Manager and will also be supervised by experienced members of the team.

Roles and Responsibilities: • Financial reporting: Serve as a key point of contact for the preparation of IBRD/IDA’s financial statements including the MD&A, management reporting and other ancillary documents. Ensure that monthly, quarterly, and annual financial reporting is accurate, timely, and in compliance with GAAP and/or internal reporting requirements;

• Financial analysis: Identify trends and/or potential inconsistencies through critical review of data and fact patterns. Assess the Bank’s financial position and results in the context of market movements. Specifically, monitor the interest, foreign exchange, and credit risk exposures of financial instruments used by the Bank, including those in the loan, investment, and the borrowing portfolios;

• Accounting Policy: Research accounting issues and interpret accounting standards in coordination with the Accounting Policy team to ensure the timely and accurate application of existing and new accounting guidance. Maintain strong working knowledge of the applicable accounting framework as well as a thorough understanding of the Bank’s portfolios and processes to analyze the appropriate accounting treatment of new financial products and strategies;

• Projects: Lead and/or support process improvement, automation, and systems projects. This may include project management responsibilities, documenting existing processes, identifying the future state in line with best practices and market research, and testing.

• Provide guidance as needed and serve as an adequate source of help for ad hoc requests and inquiries.

• The ETC will use World Bank issued computers.

Selection Criteria

• CPA required; • Bachelor’s degree in Accounting, with a minimum of eight years of experience; • Background in financial service industry and familiarity with banking and capital market transactions and/or Big Four or equivalent public accounting experience; • Strong knowledge of U.S. GAAP and proficiency with researching accounting literature; • Understanding of the overall financial dynamics of IBRD and IDA would be advantageous; • Hands on experience in statutory and management reporting for a financial institution; • Working knowledge of one or more complex, highly integrated accounting systems and financial reporting tools; experience with SAP and/or Workiva Wdesk a plus. • Strong communication skills, including the ability to explain and express views/opinions articulately and confidently; • Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues; • Proactive, innovative, with an open and collegial work style and ability to listen and integrate ideas from diverse views, create partnerships, and collaborate with others while maintaining individual responsibility.

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.