World Bank
Senior Accounting Assistant
| Job #: | req25014 |
| Group: | World Financial institution |
| Sector: | Finance & Accounting |
| Grade: | GD |
| Time period Period: | 4 years 0 months |
| Recruitment Sort: | Native Recruitment |
| Location: | Manila,Philippines |
| Required Language(s): | English |
| Most well-liked Language(s): | |
| Closing Date: | 11/27/2023 (MM/DD/YYYY) at 11:59pm UTC |
Description
Do you wish 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 purchasers remedy their biggest growth challenges. The World Financial institution (WB) is likely one of the largest sources of funding and data for growing nations; a singular international 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 workplaces worldwide, we work with private and non-private sector companions, investing in groundbreaking tasks and utilizing information, analysis, and expertise to develop options to probably the most pressing international challenges. For extra data, go to www.worldbank.org.
The WB Finance & Accounting (WFA) Vice Presidency is answerable for all elements of the monetary reporting and inner management framework for IBRD and IDA, and the in depth Belief Fund/Partnership portfolio of the WB entities. It helps an applicable fiduciary management framework and administering disbursements for Financial institution lending and leads the shopper service operate for the WBs company bills.
Organizationally, WFA is comprised of three departments: (1) Company Accounting and Reporting, (2) Belief Funds and Loans, and (3) Monetary Controls. In Controllers our mandate helps each inner and exterior purchasers whereas we give attention to supply, optimization, impression, and folks & tradition.
WFA Monetary Controls (WFAFC) is a enterprise division in WFA and is answerable for the honest recording and reporting of the WBGs administrative bills and stuck belongings, which have a mixed monetary assertion worth of practically $4.0B. This contains delivering core accounting companies, sustaining an efficient system of inner controls, and offering strategic management on advanced enterprise points pertaining to the next administrative bills and capabilities: (i) Journey Accounting, Accounts Payable, Mounted Asset and Lease Accounting, High quality Assurance and Nation Workplace Accounting (collectively generally known as WFATA) (ii) Accounts Receivable, Payroll and Tax Allowance Administration and (iii) Helpdesk Operations (WFAAN)
WFAGM positioned in Manila, works carefully with WFAGP primarily based in Chennai and answerable for processing vendor funds for round 120+ County workplaces. WFAGP/WFAGM experiences functionally to WFATA. This staff enhances and works with WFAFCs different practical groups in Chennai: HQ funds (WFAHP), Payroll, Tax and AR (WFAPA), the Assurance and Consumer Help staff (WFAAC), which ship core transaction processing companies associated to Accounts Receivable, Payroll, Tax, present advisory and help companies to nation workplace accountants, vacationers and WBG employees in accounting and compliance actions by means of coaching, critiques and assist desk operations (WFAAN).
WFAGM is seeking to recruit appropriate candidates for the Senior Accounting Assistant positions within the international funds staff.
How your contributions will assist us obtain our objectives
The Time period employees shall be answerable for processing funds to distributors and employees positioned at HQ or Nation workplaces. The job requires in depth interplay with HQ (or) the nation workplaces accounting employees and distributors.
What you’ll do:
Course of funds to employees and distributors inside service requirements and contractual phrases, which incorporates bill overview, information entry, and cost proposal preparation, overview, and launch in accordance with established pointers.
Observe and clear bill work gadgets assigned within the SAP inbox; verify emails acquired from purchasers and take quick motion; resolve circumstances that require particular consideration.
Observe up with TTLs, managers, different employees, and distributors concerning pending workflow gadgets.
Apply provisions of US GAAP for accrual accounting.
Undertake greatest practices to set off vendor receivables.
Analysis and provoke motion for vendor debit balances; work with vendor on refunds.
Examine and resolve circumstances for failed cost executions, cease cost requests, and stale-dated checks.
Execute vendor down-payments, as wanted for pay as you go bills and advances and guarantee these are netted in opposition to subsequent invoices; monitor and resolve open down-payments.
Execute every day Evaluated Receipts Settlement (ERS) course of to generate bill paperwork in SAP from electronically accredited service entry sheets.
Present decision to vendor claims referring to non-payment or incomplete cost or inadequate data to use funds.
Reply to queries from distributors, models, referring to bill funds.
Analyze / analysis / act on requests for accounting changes referring to accounts payable, interact in dialogue as wanted to grasp and decide motion required.
Submit worker reimbursement request for miscellaneous funds to guide and non-PO funds to companies.
Coordinate with the seller grasp staff to replace banking data.
Keep glorious shopper rapport and display shopper service abilities in resolving points.
Take part in ad-hoc actions reminiscent of system testing and different assigned duties.
Choice Standards
What you’ll deliver
Schooling:
Bachelors diploma in accounting, Commerce, or associated subject.
Expertise:
A minimal of three years of related expertise
Information and Abilities:
Substantial work expertise with transaction processing utilizing built-in, automated accounting programs with a comparable degree of complexity to the SAP system; a confirmed observe file of problem-solving abilities in an automatic accounting surroundings; expertise with SAP is fascinating, however not required.
Proficiency in Microsoft Home windows purposes, reminiscent of Excel, Phrase and PowerPoint. Demonstrated capacity to be taught new expertise shortly and successfully.
Talents:
Robust verbal and written communication abilities.
Ought to be shopper centered, versatile and work successfully work with different employees within the unit and outdoors.
World Bank Group Core Competencies
The World Financial institution Group affords complete advantages, together with a retirement plan; medical, life and incapacity insurance coverage; and paid go away, together with parental go away, in addition to affordable lodging for people with disabilities.
We’re proud to be an equal alternative and inclusive employer with a devoted and dedicated workforce, and don’t discriminate primarily based on gender, gender identification, faith, race, ethnicity, sexual orientation, or incapacity.
Study extra about working on theWorld BankandIFC, together with our values and provoking tales.
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