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 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 looking for a Finance Officer to be a key contributor to the Central Budget unit’s work, providing central budget and finance analytical support to CBA departments and IFC Sr. Management, with a focus on support to the implementation of the Efficiency Agenda Monitoring Framework. 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 and IBRD counterparts. The Finance Officer will report directly to the Manager, CBARM.

• 
  Serve as the primary custodian of the reporting on the Efficiencies Agenda Monitoring framework, providing information for Sr. Management and Board reports (e.g., SBO, Budget Paper, Technical Briefs, etc.).
• Conduct analysis of Efficiencies Initiatives and impact on delivering toward IFC’s Capital Package Efficiencies targets, highlighting trends, issues, and contributions to various reports.
• Engage with multiple stakeholders and subject matter experts across the organization, drafting Efficiency Agenda-related deliverables including Efficiency Technical Briefs, carrying out the quality control checks, working with the relevant Secretariats (MT/Board) to manage processes, facilitating regular core and extended team discussions, setting the agenda for meetings and preparing relevant materials, and contributing to management briefs and reports.
• Support the review and facilitate/coordinate the design, implementation, and maintenance of appropriate Efficiencies Initiatives and the Monitoring framework, ensuring alignment with Sr. management’s directives.
• Work in close collaboration with F&B Network, OMD, CRM, and IBRD counterparts on an ongoing basis to disseminate Efficiencies Agenda practices, obtain relevant input, and resolve issues.

• 
  Support the Central Budget Team with quantitative analysis for (i) Corporate Reporting, including but not limited to Flash, FBSR and QBHR, (ii) Financial Reporting (e.g., spending against designations of Net Income, Total AS spend, DTFI spend), (iii) the W planning cycle, including but not limited to SBO and Budget Paper, and (iv) the annual spend forecast.
• Support the Central Budget Team with Institutional Overheads and Corporate Contingency planning, monitoring, and forecasting.
• Review, design and implement control procedures to mitigate risks for finance and budget areas.
• Work in close collaboration with F&B Network, Financial Reporting, Accounting Policy, HR, and WFA teams on an ongoing basis to share information, review financial practices and solve problems.
• Collaborate across boundaries and propose ideas on process, efficiency, and data quality improvements for corporate/department initiatives within the Department.
• Serve as an active member on corporate projects that require CBARM participation or coordination.

Selection Criteria

• Relevant Master’s degree in Business Administration, Finance, Accounting, or relevant fields, with 4 to 8 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 understanding of critical linkages and relationships between budget processes, business operations and objectives.
• 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.
• Proven ability to research, analyze, and synthesize information, interpret data, retrieve information from SAP or other databases and clearly and concisely prepare reports e recommendations.
• Exceptional spreadsheet design and manipulation skills, ability to quickly develop effective understandings of logical accounting data structures and data inter-relationships to effectively evaluate and make recommendations on process/system controls; proficiency in using Microsoft Word and Power Point presentation software.
• Excellent written and oral communication skills (in English) with the ability to convey information including complex financial, budgetary, and administrative issues to various audiences (i.e., Board, SMT, Management, staff) in a clear and concise way.
• Demonstrated ability to manage and complete multiple projects simultaneously and to meet deadlines under pressure.
• 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.

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