ย
ย 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 on a livable planet.ย 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
The WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WBโs corporate expenses.ย ย WFA mandate also supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture.
Organizationally, WFA is comprised of three departments: (1) Corporate Accounting & reporting, (2) Trust funds and Loans (3) Financial Operations.
WFAโs Payroll, Accounts receivable, and Tax Division (WFAPT), part of the Financial Operations Department, is responsible for recording and reporting the World Bank โs administrative expenses, such as payroll, accounts receivable, and tax allowance. WFAPT also provides strategic leadership and guidance to business units across the World Bank on developing and maintaining an effective system of an effective system of internal controls over processing and reporting administrative expenses.ย ย The team is located in Washington DC and Chennai.
WFAPT is currently seeking an Accounting Officer for its team in Washington, DC.
How your contributions will help us achieve our goals:The Accounting Officer plays a significant role in leading and undertaking the Payroll and Accounts Receivable activities for the WB. You will collaborate with the Payroll and Accounts Receivable leads in Chennai to jointly deliver the work program activities of the functions.ย You will also play a key role in administering WBG policies concerning payroll, accounts receivable and related revenues, which includes timely and accurate reporting of transactions and balances.ย You will also perform a variety of broad responsibilities of the division, including analyzing a diverse and dynamic range of issues and designing and implementing business process and system improvements.ย
As an Accounting Officer, you will report to the Division Manager.
What you will do:
Technical leadership, reporting, and control environment:
โขย Lead and undertake accounting processes in the Payroll and Accounts Receivable areasย โขย Lead internal control activities for Payroll and Accounts Receivable, including the annual Internal Controls over Financial Reporting (ICFR) reviewโขย Play a key role in engaging with stakeholders on accounting policies, financial reporting, internal control, and business mattersโขย Manage timely and accurate completion of periodic trial balances and year-end activitiesโขย Provide data analysis and reporting, as requiredโขย Partner with the Payroll and Accounts Receivable teams in Chennai, on the execution of work program activitiesย โขย Periodically execute Business Continuity Plan procedures for Payroll and Accounts Receivable processesย โขย Lead divisional and departmental projects and activitiesโขย Participate in internal and external audits and provide support for compliance attestations and other assessmentsโขย Provide direction and training to junior staff members, serve as a source of help for inquiriesย
AR Transformation, Project management, Stakeholder collaboration:
โขย Lead and contribute to transformation of accounts receivable function and ERP implementationย โขย Manage project deliverables for Payroll and Accounts receivable projects and system improvements implementationโขย Collaborate effectively with key stakeholders within the organizationโ People and Culture (PAC), Treasury, Information & Technology Solutions (ITS), Budget, Performance Review and Strategic Planning (BPS), Operational units, and WB staffโขย Identify opportunities to continuously improve and provide innovative solutions.
Selection Criteria
What you will bring:
Education and Experience:
โขย Professional accounting qualification (ACA / ACCA / CPA or equivalent)โขย Bachelorโs or Masterโs degree in Finance, Accounting, or other relevant discipline with minimum of 5 years of relevant work experienceโขย Experience with a financial institution or a Big 4 accounting firm is a plus
Knowledge and Skills:
โขย Fundamental Controllership Knowledge: Has a strong understanding of general accounting principles, financial concepts and transaction processesย โขย Business Processes: Has an expert understanding of business processes and systems (preferably PeopleSoft and/or SAP) to lead the analysis, enhance internal controls, and implement changesโขย Accounting Policy: Solid understanding of US Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Ability to operationalize policies into procedures and processesย ย โขย Risk Management & Internal Controls: Solid knowledge of internal controls and procedures related to financial operations, such as payroll and accounts receivable.ย Ability to advise on risks and control issues and risk mitigationโขย Leadership: Demonstrate leadership combined with practical delivery of projects and resultsโขย Project Management: Expert knowledge and understanding of the project management concepts, as they relate to the implementation of complex, multi-functional projectsโขย Client Orientation: Translates insight into practice across disciplines, hierarchies, and organizational units in service of clients.ย Proven experience in providing innovative solutionsโขย Drive for Results: Ensures successful implementation and delivery of key programs and projects; Develops and implements solutions that show stakeholder understandingย โขย Collaboration and Inclusion: Creates a team climate of practical and innovative action, facilitating collaboration between competing interests and stakeholdersย ย
Abilities:ย
โขย Ability to manage simultaneous competing demands and deliver on timeโขย Ability to analyze large sets of data and complex processes, identify the underlying risks and formulate business solutionsโขย Strong communication skills, including the ability to explain and express views/opinions clearly, and confidently to ensure high-quality resultsโขย Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.
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 theย World Bankย andย IFC, including our values and inspiring stories.