▷ [3 Days Left] Senior Accounting Assistant

Senior Accounting Assistant Job req34419 Organization World Bank 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 10 7 2025 MM DD YYYY at 11 59pm UTC Description Do you want to build a career that is truly worthwhile Working at the World Bank provides a unique opportunity for you to join us to help our clients solve their greatest development challenges The World Bank WB is one of the largest sources of funding and knowledge for developing countries a unique global partnership of five institutions IBRD IDA IFC MIGA and ICSID dedicated to ending extreme poverty increasing shared prosperity and promoting sustainable development on a livable planet 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 visit www worldbank org The WB Finance Accounting WFA Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD and IDA and the extensive Trust Fund Partnership portfolio of the WB entities It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB s corporate expenses Organizationally WFA is comprised of three departments 1 Corporate Accounting and Reporting 2 Trust Funds and Loans and 3 Financial Controls In WFA our mandate supports both internal and external clients while we focus on delivery optimization impact and people culture WFA s WFAPA- Accounts Receivable Payroll and Tax division WFAPT in HQ and WFAPA in Chennai part of the Financial Controls Department is responsible for ensuring that i accounts receivable are recorded monitored and collected in a timely and efficient manner ii salary and benefit payments to the WBG staff are processed in a timely and efficient manner and iii tax allowances to the WBG staff and retirees are processed in a timely and efficient manner It also provides strategic leadership and guidance to business units across the WBG on developing and maintaining an effective system of internal controls over AR payroll and tax The WFAPA is currently seeking a Senior Accounting Assistant for its Accounts Receivable team in Chennai The Accounts Receivable Portfolio consists of External Receivables ERS such as Reimbursable Advisory Services RAS Externally Financed Output EFO etc Internal Receivables and Staff Receivables SRS The team is also responsible for monitoring and managing accounting activities of the Admin Revenue area How your contributions will help us achieve our goals The Senior Accounting Assistant will partake in multiple areas of responsibilities which include managing Accounts Receivable Portfolio and Trial Balance Reporting to enable the smooth flow of processes in close coordination with the HQ team The Senior Accounting Assistant will assist the team to complete the defined tasks within the prescribed time frame and procedures The Senior Accounting Assistant will also coordinate with HR BPS Treasury Country Offices Information and Technology Solutions Group ITS based on the process requirements The Senior Accounting Assistant will report to the Accounting Officer What you will do Manage staff receivables and loans disbursed to all World Bank group staff members at Headquarters and Country Offices Provide technical guidance to accounting issues that relate to the PeopleSoft Staff Receivables System PS-SRS staff loan disbursements and prepayments transactions Assist and coordinate with ITS in researching analyzing and resolving accounting issues in various applications such as PS-SRS and SAP Generate collate compile and submit reports related to staff loan and receivable accounts as may be required requested from time to time Ensure timely release of transactions to the Payroll system and execute SRS accounting every fortnight Review the key SRS and Payroll reports and take appropriate action before payroll close Work closely with Payroll HR and Country Office staff to resolve collection issues Timely submission of the write-off request to HQ Ensure the correctness of accounting for External and Inter-Company Receivables and follow up with clients for collection Review open items in suspense accounts and aging schedules for both staff and external receivables and ensure that amounts due to the Bank are collected promptly Analyze monthly external revenues and respond to queries Prepare Review monthly Trial Balance for Accounts Receivable and ensure timely submission Prepare Review monthly Admin Trial Balance for Accounts Receivable team and ensure timely submission Prepare review the various reports associated with the monthly Trial Balance reporting Identify and provide inputs to process improvement initiatives Prepare invoices for IMF Paris rent and IFC Payroll before sending it to the clients Record the various revenue postings and ensure those are as per the contract agreements and established policies and procedures Monitor and record the revenue accruals in SAP on a periodical basis Prepare accrual and deferral requests during the year-end and coordinating with WFACR and various units for posting the entries Create process documentation and update desktop procedures in Accounts Receivable team Respond to tier-2 client inquiries effectively and resolve problems or provide alternative solutions Collaborate with colleagues clients and counterparts to resolve day to day accounting and reporting issues Record transactions in SAP that are below the specified threshold Provide inputs for the quarterly KPI and Ops Risk Report Assist in handling special projects as and when required Perform high-end data analytics where required Provide monthly MIS reports to the Accounting Officer Handle additional tasks as and when assigned Selection Criteria Note Only applicants who are nationals legal residents or otherwise have legal presence in the duty station independent of any employer and who are authorized to work in the duty station will be considered What you will bring Education Bachelor s or master s degree in a relevant discipline Finance or Accounting Professional accounting qualification Ex CA CPA ACCA not mandatory but is a plus Experience Minimum 1 year of relevant work experience in the functional area Preferable Background in financial service industry and familiarity with banking transactions Multinational organization experience would be advantageous Proficiency in SAP and Microsoft Office tools Experience in PeopleSoft systems will be an added advantage Knowledge and Skills Deliver Results for clients - Exhibit a personality that enables the incumbent to be client-focused flexible and an excellent team player Ability to manage time and prioritize execute own tasks Staff rules and procedures - Good knowledge of rules policies and procedures that relate to area of work Communication - Strong verbal and written communication skills including the ability to write clear concise and complete procedures Analytical thinking - Good analytical skills with ability to collate and interpret data assess issues develop sound conclusions formulate remedial measures with attention to detail and accuracy Make Smart Decisions - Excellent judgment ability to carry out a multidimensional multi-functional work program Collaboration - Ability to effectively work with various levels of staff within the department and across the institution Project Management - Ability to manage time and prioritize execute own tasks Lead and Innovate - Proven track record of problem-solving skills in an automated accounting environment Digital dexterity - o Working knowledge of WBG core functional systems and processes o Good knowledge of data and analytical tools like MS-Excel PowerBI Tableau o Good knowledge of reporting tools such as MS PowerPoint MS Word o Basic understanding of process improvement techniques and tools Lean Six sigma o Basic understanding of automated solutions like RPA AI ML etc Abilities Strong communication skills including the ability to explain and express views opinions clearly and confidently Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues Demonstrated ability to analyze business process requirements and translate them into design specifications for process changes and automated solutions WBG Culture Attributes 1 Sense of Urgency - Anticipating and quickly reacting to the needs of internal and external stakeholders 2 Thoughtful Risk Taking - Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact 3 Empowerment and Accountability - Engaging with others in an empowered and accountable manner for impactful results WBG Culture Attributes 1 Sense of urgency Anticipate and quickly respond to the needs of internal and external stakeholders 2 Thoughtful risk-taking Challenge the status quo and push boundaries to achieve greater impact 3 Empowerment and accountability Empower yourself and others to act and hold each other accountable for results 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