Thinking of a Career in Emergency Management?
- BY Nicole Pelette
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, increasing shared prosperity and promoting sustainable development. 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 International Finance Corporation (IFC), a member of the World Bank Group, is the largest multilateral source of loan and equity financing for private sector projects in the developing world. The Loan and Equity Operations Unit (CNTLO/EC) within the IFC Controller Department (CNTDR) have overall responsibility to provide customer services to IFC’s Investment Departments as well as borrowers and participant banks through the administration and servicing of loan, equity and guarantees transactions. It also provides operational support to the Investment and other departments in the development of new business initiatives and products. It consists of several teams, each covering an assigned portfolio of Investment Departments as well as their clients.
CNTLO/EC has co-located some aspects of its work program to World Bank Group’s Chennai Office (WFACO), who have recruited staff in the IFC Financial Operations Support team (WFALC) to deliver this work program. The team provides support and interacts with IFC colleagues in Washington on a day–to–day basis. The position will assist and support WFA Loan, Guarantees and Short Term Operations. The position shall interact extensively with internal partners, such as Loan Operations counterparts, Trust Funds Middle Office, IT teams, Cash Settlement unit, and IFC Financial Reporting team. The position will report to the Team Lead of WFALC’s Loan & Equity unit in Chennai, The individual must be a self-starter in identifying and undertaking projects or initiatives.
Duties and Accountabilities
The Financial Analyst is a key member of the team, providing operational support for the IFC’s Loans and Equity operations. This role requires frequent interaction with internal counterparts in CNT, Treasury, Investment operations team, Syndications team, Internal Controls and the external auditors.
To play a critical role in new product initiatives and systems initiatives in close coordination with Loan and Equity Operations, Quality Assurance team, IT support team, and Investment operations teamAnalysis and reporting of pre-month end and post month end key control related to Loans and Equity operationsReconcile and articulate accounting issues related to transaction postings and prior period itemsOversee and perform tests on control effectiveness and accuracy based on regulatory requirements, and internal policies and proceduresSupport and contribute to unit system enhancements, process improvements control enhancements, initiatives and explore possibilities of ROBOTICS implementation in Loan and Equity operationsPost- Commitment review of Investment agreements and ensuring that all terms and conditions are correctly reflected in the IFC systemsProcess disbursements pertaining to regular loans, syndications, Compulsorily Convertible Debentures, Non-Convertible Debentures and equity investments.Review and issuance of monthly/quarterly/semi-annually or annual bills to IFC’s borrowers including portfolio servicingReview of loan agreements and booking of commitments in IFC systemsSettling of client’s payments related to loans, guarantees, risk sharing facilities and other debt instruments.Support department’s various existing and future business automations and transformations in close coordination with various stakeholders.Provide guidance to internal and external clients with regard to transaction processes, procedures and IFC’s corporate policies under all aspects of Loans, Guarantees, Donor Trust Funds Investments (DTFI) functions and Risk Sharing Facilities
Master’s Degree preferably with a major in business administration, accounting, finance or international trade finance.Certification such as CA or CPA would be a plus.Minimum 4 years’ experience in related fields with a public/private financial institution.Knowledge of IFC systems (ACBS, BI reporting, SAP, Investran, Quantum,) procedures and policies shall be advantageous.Ability to contribute to team performance with strong interpersonal and communications skills with attention to details.Dedicated team player with excellent organization skills with ability to interact tactfully and professionally with clients and staff at all levels.Ability to deliver under pressures, and deliver quality results with limited supervision.Excellent problem solving and analytical skills.Solid skills of the latest information and office knowledge technology and relevant business tools.Highest ethical and business conduct standards.Fluency in written and spoken English required. Fluency in another language a plus.