The WFA Country Office Accounting (WFACN) unit in Chennai under Financial Controls department, comprises two work programs: Country Office Accounting (COA) responsible for providing accounting and advisory services to IBRD and IFC Country Offices and aid maintenance of internal control framework. Vendor Master Records (VMR) responsible for creation and maintenance of banking information for Vendors across the globe ensuring adherence to local banking regulations.
Responsibilities:
Prepare trial balance reports covering Imprest and Lease ledger accounts and provide appropriate analyses, coordinate with the team for sign-off to the reporting units.
Monitor and report on transactions in the Country Office Imprest Bank accounts.
Assist in imprest accounting for Chennai office, and accounting and claim processing of goods and services refund claims (India GST) for Chennai office.
Assist in Accounting for leases in the country offices and lease accounting advisory
Review Monthly Statement Report submissions by Country Office and provide inputs into the control environment.
Prepare the unit’s operational reports and support adhoc requests
System and Process
Participate in the team’s system projects, drafting requirements document and perform user acceptance testing.
Contribute to requirements, testing, implementation and maintenance of any new systems, applications, tools, and reports for the team, to enhance efficiency, effectiveness, and standardization.
Identifying opportunities for improvements in current processes, initiating improvements within the system and control framework; working with business and technology teams across locations to implement solutions / improvements.
Support the team in providing advisory services to country offices on accounting matters related to corporate expense policies
Assist in providing training to Country Office Accountants on country office accounting and internal control matters.
Assist the team in working with Country Offices on harmonization of policies and procedures across IBRD and IFC Country office functions.
Assist country offices in managing day to day transactions and events related to Imprest Accounts.
Requirements:
Professional accounting qualification (CA or CPA or equivalent).
Bachelor’s or master’s degree in any discipline.
Minimum of 1 year of relevant work experience .
Should have a working knowledge of US Generally Accepted Accounting Principles or International Financial Reporting Accounting and Auditing standards, and ICFR requirements.
Basic computer skills in MS Office, accounting software and databases.
Experience with variance analysis, trial balance reporting, and preparation of financial statements disclosures.
Strong analytical skills with ability to collate, organize and interpret data, assess issues, develop sound conclusions, formulate remedial measures with attention to detail and accuracy.
