E T Consultant Job Vacancy in World Bank Group Chennai, Tamil Nadu – Updated today

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Full Details :
Company Name : World Bank Group
Location : Chennai, Tamil Nadu
Position :

Job Description : Job #: req16304

Organization: IFC

Sector: Finance & Accounting

Grade: EC1

Term Duration: 1 year 0 months

Recruitment Type: Local Recruitment

Location: Chennai,India

Required Language(s): English

Preferred Language(s):

Closing Date: 3/18/2022 (MM/DD/YYYY) at 11:59pm UTC

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
The IFC Controllers Department is responsible for effectively and efficiently managing IFC’s Financial Operations (loan, equity and short-term finance operations, and back-office treasury support operations), Financial Reporting (including reporting and analysis, portfolio review, investment accounting and accounting policy), Internal Controls, and Financial Integration, Systems and Projects. The Department comprises approximately 130 diverse and highly skilled staff, based in Washington DC, and Chennai.

The Financial Integration, Systems and Projects (CNTFS) unit within the Controllers Department focuses on the integration of relevant data from IFC’s key accounting and transaction systems into timely and accurate management reporting that support decision making in line with IFC’s strategic priorities. One of the primary responsibilities of the unit is the business ownership of IFC’s investment profitability system, FSRS (financial sustainability reporting system), a management reporting tool with close to 300 users within IFC, which brings together and disaggregates financial data from IFC Controllers systems to provide investment P&L statements down to investment project-level. In addition to maintaining FSRS and providing investment portfolio analytics for portfolio reviews, KPI scorecards and other corporate reports, the team is involved in a host of different Corporate and / or Controllers projects and initiatives that seek to enhance IFC’s ability to capture relevant information and integrate data from different streams into transaction, accounting, and operations systems and ultimately to management reporting. Such initiatives include ASU (accounting standard updates), the LIBOR Transition project, the CECL project, the Loan System Replacement project, and the streamlining and enhancing of existing systems such as Loss Reserves (IPAR), Controllers data in Operation Data Warehouse (ODS) and FSRS, where CNTFS is involved in all aspects of project management, from business requirement coordination and gathering, through close collaboration with IT teams and consultants through all steps of the projects including testing and implementation.

Financial Systems, Integration and Projects (CNTFS) unit at HQ is functionally supported by Financial Integration (CNTFI) unit in IFC Controllers office in Chennai.
IFC Controllers Department is seeking an ET Consultant in the CNTFI unit in Chennai to help support across all functions described above, including the preparation of management reporting analytics, the alignment of accounting results with financial/management reporting, creation of efficiencies through automation and streamlining of deliverables, and assure IT system development projects are under budget and comply with business requirements and needed governance framework(s). This position will report to the Team Lead of CNTFI unit in Chennai.
The successful candidate is expected to be current with accounting developments and be proactive in responding to the rapidly changing accounting and business environment. His/her work product is expected to be technically sound, timely and results driven. He/she is expected to be team player and self-starter in identifying issues and undertaking projects through completion.

Duties & Responsibilities:

The ET Consultant will be a key member of the CNTFI team which requires frequent interaction with internal counterparts in Controllers departments as well as external clients in Risk, Portfolio, Treasury, Investment, and IT department. Her/his tasks and responsibilities will include, but will not be limited to:

Preparation and analysis of investment profitability information for IFC’s monthly/quarterly operational, financial and management reports to the Board, IFC & WBG senior management, including reports on department-/ sector- and region-wise profit & loss reports, profitability KPIs etc.Support efforts in the development, streamlining, automation and coordination of IFC’s operational, financial and management reports.Support efforts in providing quality assurance for IFC’s operational, financial and management reports by verifying data to various source systems, reconciliation and ensuring data consistency across operational, financial and management reports.Support efforts in preparation of adhoc database analysis with database management and reporting/visualization tool like Tableau/Business Objects.Participation in the implementation of new features or enhancements to various operational and finance systems of IFC; Participation in project team meetings and preparation of business requirement documents, test scenarios etc.Performing testing at various stages of systems development including user acceptance testing, integration testing etc.Documentation and maintenance of process flow charts with business process management tool or procedure manuals etc.Supporting user training by developing training materials and handling user queries post implementation where applicable.Support efforts in preparation of ad-hoc reports for management.Regularly share key information on processes, timelines, status, responsibilities, expectations and potential problems with supervisors and team members and seek their input.Undertake ad hoc projects and special assignments as needed.
Selection CriteriaBachelor’s or Master’s degree in business, finance, accounting, systems, or related field.Relevant professional certifications such as CPA/CA/ACCA/CFA or equivalent a plus.Minimum of 3 years’ experience in similar or complementary roles.Knowledge and experience in accounting and financial and/or management reporting, with a strong understanding of US GAAP and its effect on financial metrics / ratios.Proficiency on IFC operations, including business lines and financial products.Experience in working seamlessly with teams in different time-zones.Experience performing reconciliations and analysis, proficient in working with large data volumes and diligent in documenting workflows.Understand accounting information flows across multiple systems (Corporate centralized database, accounting subsystems and general ledger, MIS etc.) with experience and knowledge of IFC/World Bank Group accounting systems.Proficient in office technology tools with advanced Excel and Excel VBA skills.Ability to produce quality work with a high degree of accuracy, handle changes in priorities and coordinate work on multiple tasks.Solid problem-solving skills, organizational capabilities, and attention to detail.Sound judgment, high degree of initiative and ability to work independently.Strong teamwork orientation, good interpersonal skills, and a proven ability to work effectively with a range of clients and colleagues.Excellent writing and editing skills in English, with an ability to convey complex ideas clearly and succinctlyUnderstand accounting information flows across multiple systems (corporate centralized databases, accounting subsystems and general ledger, MIS etc.).Experience performing account reconciliations and analysis independently, proficient in working with large volume of data and diligent in documenting workflows.Ability to work independently, take initiative, and anticipate and respond quickly to situations.
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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