Financial Analyst

Do you need to construct a profession that’s really worthwhile? Working on the World Financial institution gives a singular alternative so that you can be a part of us to assist our shoppers resolve their biggest growth challenges. The World Financial institution (WB) is without doubt one of the largest sources of funding and data for growing nations; a singular world partnership of 5 establishments (IBRD, IDA, IFC, MIGA, and ICSID) devoted to ending excessive poverty, growing shared prosperity, and selling sustainable growth on a livable planet. With 189 member nations and greater than 120 places of work worldwide, we work with private and non-private sector companions, investing in groundbreaking tasks and utilizing knowledge, analysis, and know-how to develop options to essentially the most pressing world challenges.  

The WB Finance & Accounting (WFA) Vice Presidency is accountable for all elements of the monetary reporting and inside management framework for IBRD and IDA, and the intensive Belief Fund/Partnership portfolio of the WB entities. It helps an acceptable fiduciary management framework and administering disbursements for Financial institution lending and leads the consumer service operate for the WB’s company bills.

Organizationally, WFA is comprised of three departments: (1) Company Accounting and Reporting, (2) Belief Funds and Loans, and (3) Monetary Operations. In WFA, our mandate helps each inside and exterior shoppers whereas we concentrate on supply, optimization, influence, and folks & tradition.

Inside WFA, the Mortgage Accounting Division (WFALA) straight serves each the IBRD & IDA mortgage portfolios.  

Because it pertains to the IBRD/IDA loans enterprise, the workforce is straight accountable for the accuracy and completeness of the IBRD and IDA mortgage ledgers, overseeing quarterly mortgage ledger closings, and supporting the IBRD/IDA exterior audits.  As well as, the division is accountable for servicing debtors’ debt repayments, monitoring overdue standing, and straight participating with operational groups to facilitate well timed repayments.  The division can also be a focus for making ready and researching mortgage portfolio queries and requests from senior administration and can also be engaged upstream in supporting and operationalizing new merchandise, insurance policies, and company initiatives. 

The workforce can also be accountable for making certain sturdy inside controls over monetary reporting for mortgage accounting.  The workforce additionally maintains and enhances mortgage associated programs and workflows which serve the Financial institution’s Loans enterprise and operationalizes new merchandise and necessities into associated mortgage accounting purposes and workflows.  

The division repeatedly works straight with colleagues in IBRD/IDA company finance models and Operations together with DFI, TRE, WFA, LEG, CRO, Senior Administration, ED places of work, along with the exterior auditors, IFC, MIGA and different MDBs.  The division is positioned in three areas:  HQ, Chennai, and Manila.  WFALA is at the moment looking for a Monetary Analyst to help the mortgage accounting workforce in Chennai. 

The Monetary Analyst will serve a technical position with respect to the Chennai based mostly mortgage accounting workforce, and in making certain sturdy collaboration and data sharing inside the division.  This position requires sound data of IBRD and IDA mortgage merchandise and insurance policies, along with a robust background and expertise in month-to-month closings in a manufacturing accounting unit that repeatedly interacts with Financial institution colleagues throughout different Finance VPUs, Operations, IFC, MIGA, and the exterior auditors.  A big a part of the work program pertains to addressing pressing and unanticipated points that come up regularly – from all ranges of the group. 

As a Monetary Analyst, you’ll report back to the Senior Staff Lead in Chennai.

What you’ll do:

• Quarterly / FY finish closings: straight carry out accounting closing manufacturing work for the IBRD/IDA loans portfolios, together with key account critiques, reconciliation, evaluation preparation.  This work entails a big hands-on part working in underlying programs and different associated modules.  Immediately have interaction with different company finance models, and the exterior auditors.
• Inside Management Oversight:  proactively undertake and position mannequin a robust management mindset.  Set workforce norms to study from previous points, determine areas in want of strengthening, and initiating acceptable actions.
• High quality management – guarantee accuracy and completeness of mortgage portfolio accounts, together with evaluate of mortgage grasp knowledge arrange, rates of interest, reconciliations and so forth.
• Enterprise Evaluation:  draft and articulate enterprise wants in enterprise requirement paperwork associated to new system wants, merchandise or insurance policies.  Carry out person acceptance testing of recent programs and performance.
• Monetary Evaluation: Proactively determine developments and/or potential inconsistencies by way of important evaluate of information and truth patterns concerning the loans portfolio.  Lead/help/help the response to queries from senior administration, exterior auditors and so forth.
• Inside and exterior collaboration: Act as a key level of contact for exterior auditors and coordinate monetary actions with enterprise models inside IBRD and IDA, present debt service workshops to shoppers, help to Financial institution Nation and Regional groups on billing and/or different monetary issues

Choice Standards:

Schooling & Expertise:

• CA, CPA or equal designation
• Bachelors in Finance, Accounting or related self-discipline
• Minimal 3 years submit qualification expertise in a company accounting setting, and fingers on expertise in an accounting manufacturing surroundings
• Expertise in monetary providers trade with desire in the direction of expertise in a world multilateral group
• Preferable: Massive 4 or equal public accounting expertise is advantageous

Data and Abilities:

• Robust data of U.S. GAAP and proficiency with researching and making use of accounting requirements
• Preferable:  Data of the World Financial institution’s mortgage merchandise and insurance policies is advantageous
• Arms on expertise with an ERP system – with sturdy desire to SAP expertise
• Demonstrated and confirmed consideration to particulars is required
• Robust data of and sensible expertise in designing and implementing inside controls over each day processes and monetary reporting associated duties