Finance Assistant

1 week ago

Chennai, Tamil Nadu, India IFC Systems Corporation Full time

Finance Assistant

Job #:

- req21800
Organization:

  • MIGA
    Sector:
  • Finance & Accounting
    Grade:
  • GD
    Term Duration:
  • 3 years 0 months
    Recruitment Type:
  • Local Recruitment
    Location:
  • Chennai,India
    Required Language(s):
  • English
    Preferred Language(s):

Closing Date:

  • 3/31/2023 (MM/DD/YYYY) at 11:59pm UTC
    Description


MIGA Controllers, which is part of MIGA's Finance and Risk Management Group (MIGFR), is responsible for overseeing MIGA's financial integrity, income sustainability, and balance sheet optimization through the management and oversight of MIGA's accounting, financial reporting and control function, asset management and cost efficiency optimization.

MIGFR is also accountable for portfolio risk management, State Owned Enterprise (SOE) counterparty risk assessment, reinsurance and syndications program, budget, and information technology strategy and plans, and systems.


MIGA's Controllers team is responsible for a range of control functions including (1) MIGA's Accounting and Financial Reporting, (2) Budget Management and Performance Reporting and (3) Monitoring Internal Controls Over Financial Reporting, and (4) Operational Risk Management functions.


Duties and accountabilities:

A. Accounting & Reporting

Guarantee‐Related Processes

  • Processing of guarantee related invoices (fees and premiums)
  • Monitoring of overdue premiums
  • Processing of reinsurance and guarantee related vendor payments.
  • Monitoring of guarantee vendor payable balances.
  • Support with issuance and renewal of guarantees.
  • Preparation and maintenance of contract‐wise premium spreadsheets.

Financial Reporting

  • Generation of monthly Trial Balance.
  • Reconciliation of key account balances.
  • Inter‐company balance reconciliations.
  • Preparation of tables in support of notes to accounts in the Financial Statements.

Share Capital Reporting

  • Preparation of members' capitalrelated confirmations.

B. Budget Management

Reporting & Monitoring
Handling various day-to-day Resource management functions in support of performance reporting:

  • Generating various monitoring reports and highlighting exceptions.
  • Generating Monthly reports on Administrative Expenses Status.
  • Providing support to various data mining and automation efforts of the Resource Management team as required from time to time.
  • Supporting with automating data mining reports for Resource Management, such as Cots of Doing Business (CODB) Analysis, Cost of Work Program Delivery Report.
  • Accrual Monitoring report generation.
  • Any other ad hoc analysis as may be required.

Execute various Resource management related transactions in SAP including the following:

  • Budget transfers.
  • Expense Reposts.

Selection Criteria

  • Relevant Bachelor's Degree is desirable (e.g., Finance, Accounting, and Business);
  • At least 3 years of relevant work experience. Strong skills in, and thorough familiarity with, Microsoft Excel/PowerPoint, including the ability to use interlinked spreadsheets, and financial models;
  • Work experience in using integrated, automated financial or other ERP systems with a comparable level of complexity to SAP R/3 in FI, FM and CO Modules; Knowledge of BPC will be an advantage.
  • Sound knowledge of basic accounting and finance, including cost and management accounting;
  • Good knowledge of mathematics and strong skills in using and manipulating large sets of numerical data;
  • Strong communication skills with the ability to prepare, present, and discuss findings in written and oral form.

Other Selection Criteria:

  • Basic knowledge of WBG accounting processes and systems is desirable;
  • Familiarity and experience with SAP, BW, Business Objects and SAP BPC would be an advantage;
  • Strong skills/ familiarity with VBA, SQL, Crystal Reports, Business Intelligence Reports, Tableau Reporting tools, End to End Process automations with MS Excel based Macros, knowledge of Lean & Six Sigma methodologies will be an advantage.
  • Demonstrated ability to learn new technology quickly and effectively for maximum productivity;
  • Track record of working collaboratively with others;
  • Ability to work independently, do research and find answers efficiently and ability to identify more complex tasks, which require support;
  • Prior experience with helpdesks, experience in preparing technical documentation will be an advantage.
  • Ability to automate simple workflows to efficiently track the input, process and output statuses.
World Bank Group Core Competencies

  • The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities._
  • We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion,

  • Finance Internship

    3 weeks ago

    Chennai, Tamil Nadu, India R.K. Finance Service Private Limited Full time

    About the internship:Selected intern's day-to-day responsibilities include: 1. Assess Loan Applications: Review and process incoming loan applications, verify the accuracy of the information provided, and assess the creditworthiness of applicants2. Customer Service: Provide support to potential borrowers by answering queries, guiding them through the loan...

  • Finance Internship

    2 months ago

    Chennai, Tamil Nadu, India R.K. Finance Service Private Limited Full time

    About the internship:Selected intern's day-to-day responsibilities include: 1. Assess Loan Applications: Review and process incoming loan applications, verify the accuracy of the information provided, and assess the creditworthiness of applicants2. Customer Service: Provide support to potential borrowers by answering queries, guiding them through the loan...

  • Assistant Finance Officer

    1 week ago

    Chennai, Tamil Nadu, India Vellore Institute of Technology Full time

    Job Description:Designation: Assistant Finance OfficerLocation: VIT, Vellore CampusExperience: 2 - 5 YearsRoles and Responsibilities:In-depth experience in Tally software and MS Office knowledgeHands-on experience in audit work, taxation, and GST lawsCapable of handling work independently and submitting MIS reports to managementExercise supervision over...

  • Finance Assoiate

    1 week ago

    Chennai, Tamil Nadu, India Accor Full time

    Company DescriptionJob DescriptionJob DescriptionDepartment : FinanceDesignation : Finance AssociateReports To : Finance ControllerPrime Function:Verify and post accounts receivable transactions to journals, ledgers, and other records.To assist the Team Leader Accounts Payable and Finance Manager, in efficient and timely collection of Payables, by providing...

  • Finance Assoiate

    1 week ago

    Chennai, Tamil Nadu, India Accor Full time

    Company DescriptionJob Description Job Description Department : Finance Designation : Finance Associate Reports To : Finance Controller Prime Function: Verify and post accounts receivable transactions to journals, ledgers, and other records. To assist the Team Leader Accounts Payable and Finance Manager, in efficient and timely...

  • Assistant Manager Finance

    1 week ago

    Chennai, Tamil Nadu, India Saaki Argus & Averil Consulting Full time

    About Client A leading IT Services based company Job Description Provide FP&A finance support to the accounting teams related to productivity, demand planning, reporting, and metrics in a timely manner. Identify and understand business challenges; propose and create solutions. Partner directly with the finance team and central FP&A groups to collaborate...

  • Finance Associate

    1 week ago

    Chennai, Tamil Nadu, India Rapyuta Robotics Full time

    In this role, the Finance Associate will:Conduct financial data analysis and prepare financial reports Assist with budget preparation and financial forecasting Ensure compliance with financial regulations and internal policies Support the finance team with adhoc administrative tasks and projects Create and maintain financial dashboards and visualizations in...

  • Finance Officer

    1 week ago

    Chennai, Tamil Nadu, India SRM University Full time

    OPENING FOR FINANCE OFFICER - SRMIST KATTANKULATHUR,CHENGALPATTUDESIGNATION:FINANCE OFFICERQUALIFICATION:UG, PG in accounting, MBA (finance), CAEXPERIENCE:15 to 30 yearsSALARY:AS PER UGC NORMSAGE:Below 50 yearsLOCATION:Anywhere from TamilnaduJOB DESCRIPTION - FINANCE OFFICERMinimum Qualifications:a. Master degree with at-least 55% of the marks or its...

  • Finance Manager

    1 week ago

    Chennai, Tamil Nadu, India Hindustan oil Exploration Company Full time

    We currently have an opening available in the Oil and Gas sector.Job Title: Finance Executive / Senior Finance ExecutiveQualification: CA / CMAExperience: 5+ yearsLocation: ChennaiIndustry: Oil and GasPrevious experience in the Oil and Gas sector is valued.Job Description:Developing and executing financial strategies to align with the organization's...

  • Head of Finance

    1 week ago

    Chennai, Tamil Nadu, India Cynosure Corporate Solutions Full time

    We are looking for a Head ofFinance to supervise all financial tasks of our company and ensurewe use capital and resourcesbeneficially.ResponsibilitiesForecastmonthly quarterly and annualresultsApproveor rejectbudgetsConductriskmanagementEvaluateand decide oninvestmentsSupervisea team ofAccountantsAllocateresources and manage cashflowsConductprofit and...

  • Finance Manager

    1 week ago

    Chennai, Tamil Nadu, India BHARAT LOGISTIC SOLUTIONS PRIVATE LIMITED Full time

    Job descriptionCompany DescriptionBHARAT LOGISTICS SOLUTION is a private-held freight forwarding company based in Chennai, India. We offer reliable international logistics solutions to customers by partnering with qualified and committed overseas partners. We are committed to recruiting capable and responsible individuals and creating a vibrant organization...

  • Workday-Finance Functional Consultant

    1 week ago

    Chennai, Tamil Nadu, India Hexaware Technologies Full time

    Should be strong in Workday Finance ERP Candidate should have strong functional knowledge in WD Finance functional module Financial Accounting, Business Assets, Budgets, Procurement, Supplier, Banking & Settlement and Customer Ability to provide solution for various Finance module and hands on experience configuring FDM structure, Accounting, and business...

  • Director Treasury Finance

    1 month ago

    Chennai, Tamil Nadu, India Barclays Full time

    Job Title: Director - Treasury FinanceLocation: ChennaiAbout FinanceFinance has an important role in supporting Barclays businesses by providing high-quality planning, reporting, and accounting services. The strong control environment in which we operate is at the core of everything we do, and this is reflected in the design of our operating model and...

  • Finance Controller

    1 week ago

    Chennai, Tamil Nadu, India Angel And Genie Full time

    Job Category:Accounts & FinanceJob Type:Full TimeJob Location:chennaiSalary:38-40lpaYears of Experience:5-8yrsWhat You Will Be Doing Performing core finance tasks like reporting, and Audits to drive efficiency Drive team and ensure bookkeeping as per regulatory standards Ensure and oversee Direct, Indirect and Corporate Laws Managing F&A team of 4 people and...

  • Assistant Manager

    1 week ago

    Chennai, Tamil Nadu, India Hapag-Lloyd AG Full time

    Assistant Manager - Finance at Hapag-Lloyd AG | softgarden View job here Assistant Manager - Finance Full Time Perungudi, Chennai, Tamil Nadu, India With Professional Experience 5/20/24 Finance Assitant Manager Mit einer Flotte von 258 modernen Containerschiffen und einerGesamttransportkapazität von 1,9 Millionen TEU ist Hapag-Lloyd eine derweltweit...

  • Financial Operations Analyst

    1 week ago

    Chennai, Tamil Nadu, India international finance corporation Full time

    International Finance Corporation IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Operating in more than 100 countries, IFC uses its capital, expertise, and influence to create markets and opportunities in developing nations. In the fiscal year 2023, IFC committed a...

  • Articled Assistant

    1 week ago

    Chennai, Tamil Nadu, India Alora Advisors LLP Full time

    Company Description Alora Advisors LLP is a finance, tax, and legal consultancy firm located in Chennai. We strive to be the preferred advisors for our clients, providing creative and practical solutions tailored to their specific needs. Role Description This is a full-time, on-site role as an Article Assistant at Alora Advisors LLP in Chennai. As an...

  • Associate Finance Manager

    1 week ago

    Chennai, Tamil Nadu, India Sercomm Full time

    Job Description: Oversee the whole accounting operations which includes accounts receivable, inventory process, accounts payable process, finance and treasury matters, tax and government regulatory requirements; Identify and implement work flow improvements to strengthen internal controls and improve work efficiency; Ensure timely reporting and review of...

  • Junior Finance Executive

    1 week ago

    Chennai, Tamil Nadu, India George Oakes Full time

    Posted 10 months agoWe are looking for B.Com Fresher - Junior Finance ExecutivePreferable : MaleExp : 0 to 1 YearLoc : ChennaiResponsibilities: Keep accurate records for all daily transactions Prepare balance sheets Process invoices Record accounts payable and accounts receivable Update internal systems with financial data Prepare monthly, quarterly and...

  • Assistant Manager

    1 week ago

    Chennai, Tamil Nadu, India Saaki Argus & Averil Consulting Full time

    Role: BU Finance ( Assistant Manager)Exp: 4-6YrsLocation: ChennaiQualification: CA / CA Inter / MBA FinanceRoles & Responsibilities:Revenue projection & AssuranceOB to RR to cash trackingProfitability of orders above Rs.50 lacs of TCV (Deal P & L tracking)Quarterly Drilldown – metrics driven Profitability analysis.Expenses analysis & ReportingBU report...