Deadline: 08 June, 2020
Location: Washington, DC, United States of America
The World Bank Group (WBG) is currently seeking applications from eligible applicants for the post of Senior Finance Officer.
WBG has set two ambitious goals: to push extreme poverty to no more than three percent by 2030, and to promote shared prosperity and greater equity in the developing world.
Responsibilities
- Serve as focal point for internal and external client inquiries at the country level and escalate them as needed
- Provide country-related input to the Team Leads (TL) and the Manager to drive conversations with Country Management Units (CMUs) about country coordination within the assigned region
- Interact with Team Task Leaders (TTLs) to follow up on financing and disbursement-related issues arising in project preparation; contact CMU and borrowers to advise on new financial products, loan instruments that could benefit project preparation and facilitate resolution of portfolio disbursement bottlenecks; facilitate conversation between CMU and Ministry of Finance (MoF) on products and financial terms (whenever a new product or service emerges, or financial terms change)
- Participate in regular meetings of WFACS staff to share insights across countries, and promote knowledge sharing
- Participate in country team meetings to provide advice on initiatives impacting disbursement-related issues at the portfolio level
- Advise the task team on disbursement-related aspects of loans/credits/grants/TFs to ensure they are consistent with WBG policies and procedures and will adequately support project implementation with due regard for economy and efficiency
- Prepare disbursement and financial information letters (DFIL), loan repayment terms and amortisation schedules, and participate in project preparation meetings, including technical discussions and negotiations
- Review and clear project/programme documents including negotiation and board packages, in accordance with WFA standard procedures and applicable WBG policies
- Set up of the loan financing terms and loan data in the system (iLAP)
- For pipeline projects in assigned portfolio countries, provide support to task teams by reviewing project documents (including Concept Notes, Appraisal Documents, and legal agreements) and other sources of information (eg fiduciary assessments), providing timely inputs and raising issues which may have an impact on disbursement arrangements, or are unclear, and escalate to management any issues that require management action or support
Requirement
- Fully qualified as CPA, ACCA, CA, CFA or equivalent
- Master’s degree in Accounting, Finance or Business
- Eight years, minimum, of relevant experience in portfolio management, project operations accounting, auditing and/or PFM
- Ability to communicate effectively, in writing and orally, in English
- Ability to communicate effectively in other major languages (French, Chinese, Spanish, etc) is desirable
- Relevant knowledge of Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), internal controls procedures and financial management
- Knowledge and application of WBG’s operational policies and procedures, including understanding the interaction between the bank’s operational policies, procedures, directives, and individual trust fund programmes as they relate to disbursements
- Ability to exercise professional judgment and appropriately interpret and apply operational policies, as they relate to disbursements
- Knowledge of WBG’s IBRD and IDA lending products, pricing and choices of repayment terms
- Strong analytical and conceptual skills with demonstrated ability to interpret data, assess issues, develop sound conclusions, and formulate remedial measures
- Ability to manage complex tasks, deal with rapidly shifting priorities, provide professional support to senior staff and deliver against ambitious deadlines
- Capacity to work simultaneously, effectively and efficiently on a variety of diverse issues and tasks, independently adjusting priorities and achieving results with agreed objectives and deadlines
- Ability to operate effectively in a matrix management environment, with strong coordination with TL
To apply and for more information, click here.
Photo source: Africa Progress Panel
