The Chennai team (WFACC) of the Corporate Reporting and Analysis division (WFACR) is a dynamic team of accounting and finance professionals, which together with the team in Washington D.C., is responsible for all aspects of IBRD and IDA’s financial reporting. This includes quarterly/annual financial statements and management discussion and analysis, business unit accounting oversight responsibilities (loans, cash, borrowings, investments, trust funds, pension, and administrative expenses), monthly closing of IBRD and IDA’s ledgers, preparation and review of the monthly trial balances, and other ad hoc deliverables.
Responsibilities:
Preparing internal and external financial statements/reports and other management reports for IBRD and IDA.
Assess the impact of new and proposed accounting and auditing pronouncements on IBRD’s and IDA’s financial statements, financial operations, and governance.
Coordination of the monthly closing process for the decentralized business units of the Bank. Prepare monthly financial narratives and variance analyses.
Research and analyze complex accounting transactions related to new/enhanced products or services, and provide technical guidance and support to ensure proper accounting and reporting.
Participate in internal control assessments, analyses; and efforts to strengthen controls, based upon a strong understanding of the underlying business.
Maintaining the capital accounts for IBRD and IDA.
Respond to inquiries from management regarding financial results, special reporting requests, and complex accounting transactions.
Support projects and initiatives by analyzing impact upon accounting, reporting, and controls; and making associated recommendations and suggestions.
Participate in/Perform testing of new system applications and/or functionality with/for the underlying business unit.
Requirements:
Chartered Accountant degree required. Bachelor’s in finance, Accounting or relevant discipline is a must.
Additional Master’s degree in a related field (Ex. Finance, Accounting, Taxation) is a plus.
Candidates with a minimum of 3 years of post-qualification experience in similar or complementary roles are required.
Advanced knowledge of accounting and reporting standards, finance concepts, and business practices. Exposure to US GAAP is preferred.
Proven conceptual, analytical, and appraisal skills; and the ability to interpret and present complex financial information clearly.
Excellent verbal, written and interpersonal communication skills, and ability to communicate well with all organizational levels, and technical as well as non-technical stakeholders. Strong presentation and facilitation skills.
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.
Basic knowledge of financial instruments and financial markets.
Comfortable working in a pressured environment with capacity to deliver high-quality outputs and results in tight deadlines.
Ability to multitask and work effectively in multidisciplinary teams.
High degree of self-motivation and proven ability to work under minimum supervision and as part of a team.
