Senior Financial Assistant

World Bank, Chennai, India

Skill Required:, Finance and AccountsProject/ Programme Management
Preferred Experience: 
3 Years
Closing Date for Applications: 
22nd December, 2019

Job Description


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, 

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.

Key Responsibilities:

The Senior Financial Assistant 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.

Settling of client’s payments related to Loans, Guarantees and short term finance products.Dispatching of Audit confirmations to clients' external auditors.Monthly reflows of principal and interest to IFC’s co-lenders via Northern Trust batch process.Ensure accurate and timely entries in ACBS, Investran, of Loans, Guarantees and Donor Funded activities, commitments, disbursement and payment status, account updates.Execute processing, monitoring, compliance, reporting to Donor Trust Funds (DTFI) transactions.Reflow of Principal and Interest that are due to donors who are part of DTFI investments.Providing financial operations support to Investment Departments in day to day operations related to IFC guarantees by booking guarantee exposures, dispatching of quarterly guarantee fee bills payable to IFC by Issuing banks or Confirming banks, and provide arrears list of fee paying banks on adhoc basis.Quarterly portfolio reporting of investments made under Managed Co-lending Participation Program.Provide backup coverage in Loan billing, client contact updates, and Equity & Custody operations during peak volume periods.

Selection Criteria

Bachelor’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 3 years’ experience in related fields with a public/private financial institution preferably with a global custodianKnowledge of IFC systems, 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 ability to interact tactfully and professionally with clients and staff at all levels.Ability to manage own work occasionally under deadline pressures, and deliver quality results with limited supervision.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.

COMPETENCIES: Shown below are the broad competencies linked to this job

Project Management - Understands and utilizes the basic concepts of project management, as they relate to the implementation of a project. Uses project management standard tools, methodologies and processes. Is able to proactively identify and mitigate project risks as well as to manage project issues.

Business Processes & Systems - Moderate understanding of business processes. Ability to analyze business processes and enhance internal controls in order to resolve issues, and improve operational efficiency and effectiveness.Transaction Processing - Recommends solutions to problems/issues encountered during transaction processing. Develops guidelines for transaction processing and establishes processes for recording new types of transactions. Effectively uses technology to enhance efficiency and productivity in the processing of transactionsFinancial Products - Moderate understanding of the range of available financial instruments (e.g., Loans, Guarantees, Equity and trust funds). Ability to verify/ensure completeness and accuracy of loan data and to dialogue with counterparts on IFC trust fund related products and services.Risk Management & Internal Controls - Contributes to risk and controls training programs and efforts. Helps identify risk and control issues and co-ordinates remediation.Client Orientation - Proactively addresses client needs, takes personal responsibility and accountability for timely response to client queries, requests or needs. Anticipates client needs and responds based on clear understanding of needs and concerns.Drive for Results - Delivers results and impact for clients and stakeholders. Holds self accountable for achieving sustainable results Teamwork (Collaboration) and Inclusion Collaborates and promotes inclusion within and across boundaries. Works effectively with individuals of different cultures and gender, and includes the perspectives and ideas of others.Knowledge, Learning and Communication - Demonstrates agility for learning and a commitment to enhance one’s capacity. Routinely shares own knowledge with others. Listens objectively to others’ ideas, and speaks and writes clearly, concisely and persuasively.Business Judgment and Analytical Decision Making - Analyzes available information and makes evidence based ethical decisions. Analyzes facts and data to support sound, logical decisions regarding own and others’ work


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