Job Opening for CA in World Bank

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  1. Raj Gupta1
    Raj Gupta1 on Apr 29, 2015
    Name: World Bank

    Job title:
    Financial Analyst

    Location: Chennai, India

    Background / General description:
    The Financial Reporting and Analysis Division, within the WBG Finance & Accounting (WFA) Vice Presidency, is responsible for :
    • statutory financial reporting including advising and liaising with decentralized accounting business units
    • management reporting and analysis, including developing benchmarks and monitoring performance
    • evaluating relevant accounting pronouncements for application to the Bank’s financial statements in consultation with the accounting policy advisor
    • providing assurance on the accuracy and integrity of the Bank’s financial ledgers and financial information,
    • capital accounting function, and
    • liaising with the external auditors and the Audit Committee.
    Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 4 year term appointment.

    Duties and Accountabilities:
    Generally encompass core areas: Statutory financial reporting, Management reporting, Financial Analysis, Trial Balance close process, Capital Business processing,. Participate in multiple teams with duties in all areas.

    Financial Analyst will participate in teams responsible for:
    • Preparing internal and external financial statements / reports for IBRD and IDA
    • Coordination of monthly closing process for the decentralized business units of the Bank
    • Analyzing financial results and balances for reasonableness
    • Maintaining the capital accounts for IBRD / IDA;
    • Duties also include participation on WFA projects and preparation of ad-hoc financial analysis for senior management.
    Examples of specific accountabilities:
    • Prepare quarterly and annual financial statements including Management Discussion & Analysis, Information Statements, Annual Report, Annual Laminates and Presidential brief.
    • Work closely with assigned business units to ensure timely and accurate monthly close process including reviewing and approving adjusting entries if needed;
    • Develop and apply computer assisted analytical methodologies to test and explain changes in financial trends and results, including validating the monthly trial balance.
    • Monthly Trial Balance close process for the decentralized business units of the Bank
    • Maintain the Financial ledgers for IBRD/ IDA capital; approving transactions relating to processing of capital, leading to generation of accounting for the same and monthly closing of books of IBRD/IDA capital. Prepare/review of communication with member countries.
    • Participation in the implementation of new features or enhancements to existing accounting systems;
    • Documentation and maintenance of processes, controls and checks for financial reporting;
    • Regularly share key information on processes, timelines, status, responsibilities, expectations and potential problems with supervisors and team members and seek their input; and
    • Performing other duties as assigned from time to time.
    Selection Criteria:
    • Chartered Accountant, or equivalent professional degree required. Bachelors / advanced degree in a related field will be a plus.
    • Minimum of 3 years of post-qualification experience in similar or complementary roles is required
    • Full proficiency in Microsoft Windows applications, namely Excel, Word and Power Point. Demonstrated ability to learn new technology quickly and effectively use it for maximum productivity. Knowledge of SAP will be an advantage.
    • Excellent analytical skills. The ability to develop and apply methodologies to test and explain changes in financial trends and results using computer assisted techniques.
    • Strong interpersonal skills and cultural sensitivity;
    • Comfortable working in pressured environment with capacity to deliver high-quality outputs and results to tight deadlines;
    • Ability to multitask and work effectively in multidisciplinary teams; and
    • High degree of self-motivation and proven ability to work under minimum supervision and as part of a team.
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