Financial Analyst

Financial Analyst Job req32316 Organization World Bank Sector Finance Accounting Grade GE Term Duration 4 years 0 months Recruitment Type Local Recruitment Location Chennai India Required Language s English Preferred Language s Closing Date 4 9 2025 MM DD YYYY at 11 59pm UTCDescriptionDo 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 visitUnit Overview - WFAThe WBG Finance Accounting WFA Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD IDA IFC and the extensive Trust Fund Partnership portfolio of these entities WFA also leads the client service function for the WBG s corporate expenses and trust funds and ensures fiduciary responsibility for all disbursements related to Bank operations Organizationally WFA is comprised of four functional areas 1 Corporate Accounting and Reporting 2 WBG Accounting Business Services 3 WBG Financial Operations and 4 WBG Finance and Operations Chennai These units report directly to the WBG Controller who heads the WFA Vice Presidency The Chennai office of the WBG was set up in August 2001 with about 70 staff Today the office has over 1100 staff and contractors across nine WBG business units The Chennai office offers corporate financial accounting administrative treasury risk management HR and IT services to internal WBG clients based in Washington D C and country offices The Chennai team WFACC of the Corporate Reporting and Analysis division WFACR is a dynamic team of accounting and finance professionals which together with the team in Washington D C is responsible for all aspects of IBRD and IDA s financial reporting This includes quarterly annual financial statements and management discussion and analyses business unit accounting oversight responsibilities loans cash borrowings investments trust funds pension and administrative expenses monthly closing of IBRD and IDA s ledgers preparation and review of the monthly trial balances and other ad hoc deliverables The team also handles all aspects of IBRD s capital accounting framework and the approval function of all IDA capital accounting transactions The team s roles and responsibilities provide a holistic understanding of the financial dynamics of IBRD and IDA which places the team in a strong position to be able to assess the impact of market and institutional developments on the financial results of the two entities Duties and Responsibilities Generally encompass core areas Statutory financial reporting Management reporting Financial Analysis Trial Balance close process Capital Business processing Participate in multiple areas of responsibilities with duties in all areas Maintaining the capital accounts for IBRD and IDA Coordination of monthly closing process for the decentralized business units of the Bank Analyzing financial results and balances for reasonableness as part of oversight responsibilities Preparing internal and external financial statements reports and other management reports for IBRD and IDA Duties also include participation in WFA projects and preparation of ad-hoc financial analysis for management Examples of specific accountabilities Support ERP migration by participating in User Acceptance testing for trial balance and IBRD Capital accounting streams which includes posting recording entries in the system revaluation of ledgers and TA program generating reports and performing all transactions close activities relating to IBRD Capital Enhance existing documentation and maintenance of processes controls and checks for Trial Balance process IBRD Capital accounting process and other financial reporting process as required Maintain the Financial ledgers for IBRD IDA capital approving transactions relating to processing of capital leading to generation of accounting for the same and monthly closing of books of IBRD IDA capital Prepare communications with member countries Monthly Trial Balance close process for the decentralized business units of the Bank Prepare defined portions of quarterly and annual financial statements including Management Discussion Analysis Information Statements Annual Report and Financial Info App Support preparation of ad hoc information requests Participation in the implementation of new features or enhancements to existing accounting systems Documentation and maintenance of processes controls and checks for financial reporting Regularly share key information on processes timelines status responsibilities expectations and potential problems with supervisors and team members and seek their input and Performing other responsibilities assigned from time to time Selection Criteria Chartered Accountant degree required Bachelors in Finance Accounting or relevant discipline is a must Additional Masters degree in a related field Ex Finance Accounting Taxation is a plus Candidates with a minimum of 3 year of post-qualification experience in similar or complementary roles is required Full proficiency in Microsoft Windows applications namely Excel Word and Power Point Demonstrated ability to learn new technology quickly and effectively use it for maximum productivity Knowledge of SAP will be an advantage Basic knowledge of financial instruments and financial markets Excellent analytical skills The ability to develop and apply methodologies to test and explain changes in financial trends and results using computer assisted techniques Strong interpersonal skills and cultural sensitivity Comfortable working in pressured environment with capacity to deliver high-quality outputs and results to tight deadlines Ability to multitask and work effectively in multidisciplinary teams and High degree of self-motivation and proven ability to work under minimum supervision and as part of a team WFA Competencies Thinks critically and conceptually - Analyzes a situation and solves problems by synthesizing information to identify trends patterns and connections Evaluates multiple angles to determine the cause s of the business problem and or find potential errors Can perform root cause analysis Develops options for potential solutions to share with decision-makers Demonstrates the ability to support others to learn and apply critical and conceptual thinking practices Communicates effectively - Clearly demonstrates active listening shares ideas and persuasively conveys information tailored to a variety of contexts Consistently uses appropriate communication modes and channels Develop skills to influence persuade and unite individuals and groups in a variety of organizational and business contexts Understands and Advises Clients - Demonstrates a detailed understanding of stakeholders by proactively and appropriately anticipating and responding to their needs Meets established indicators of work quality and stakeholder satisfaction Works to continuously improve work quality Leverages critical stakeholder feedback to improve internal processes and facilitate ongoing improvements to stakeholder experience Demonstrates Personal Leadership - Continuously improves personal performance in one s role by proactively identifying opportunity for personal growth reflects on strengths and demonstrates courage to act with integrity Consistently and proactively seeks relevant learning and development opportunities to enhance skills and abilities Makes Decisions Effectively - Demonstrates decision making that is timely strategic well communicated and with an awareness of possible outcomes Partners with others to make decisions that are in alignment with principles values and sound business arguments Seeks Diverse Perspectives - Seeks out different perspectives and experiences Demonstrates the ability to work with others in an inclusive manner to accomplish priorities Encourages diversity of ideas and thoughts to drive business outcomes Note This requisition holds 3 positions 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 race ethnicity sexual orientation or disability Learn more about working at the and including our values and inspiring stories