Financial Analyst

Financial Analyst

Job #:

req34465

Organization:

World Bank

Sector:

Finance & Accounting

Grade:

GE

Term Duration: 3 years 0 months

Recruitment Type:

Local Recruitment

Location:

Chennai,India

Required Language(s):

English

Preferred Language(s):

Closing Date:

10/10/2025 (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
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.
Unit Overview :
Within WFA, the Loan Accounting Division (WFALA) directly supports the quarterly and annual year end audits, day to day accounting, management reporting and the design and implementation of new products related to the IBRD & IDA loan portfolios.    The division is accountable for the accuracy and completeness of the day-to-day accounting and reporting of the IBRD and IDA loan portfolios.  This involves overseeing processes which generate accounting at the transactional and portfolio level, overseeing quarterly and fiscal loan ledger closings, and directly supporting the IBRD/IDA external audits.   The division is also a key upstream provider of loan portfolio data, analyses and reports to other downstream reporting and corporate finance units who consume this information in their quarterly/fiscal year end activities.    The division is also responsible for servicing IBRD and IDA borrowers' debt repayments, monitoring repayment status, management reporting, and engaging with Bank operational teams to facilitate timely repayments.    Our division is heavily involved in the full lifecycle of new loan product development across the Bank by supporting upstream design and feasibility, to downstream implementation and stabilization.  The team plays a pivotal role related to most initiatives related to the loan and guarantees portfolios.     The division is also a main focal point for addressing and researching queries from Senior Management related to the IBRD and IDA loan portfolios.     The loan accounting division is heavily engaged in new product development at the Bank, participating in the end-to-end lifecycle from initial design and feasibility to implementation and stabilization phases – and often leads some phases within the lifecycle. The team is spread across three locations: Washington, Chennai and Manila. 

 Chennai and Manila team is referred to as WFALN.  WFALN is currently seeking a Financial Analyst who will be based in Chennai and report to the Senior Financial Officer in Chennai.

How your contributions will help us achieve our goals:
The Financial Analyst will serve a technical role with respect to the Chennai based loan accounting team, and in ensuring strong collaboration and knowledge sharing within the division.  This role requires sound knowledge of IBRD and IDA loan products and policies, together with a strong background and experience in monthly closings in a production accounting unit that regularly interacts with Bank colleagues across other Finance VPUs, Operations, IFC, MIGA, and the external auditors.  A large part of the work program relates to addressing urgent and unanticipated issues that arise on a regular basis – from all levels of the organization.  
What you will do:

•  Quarterly and Year-end closings: directly perform accounting closing production work for the IBRD/IDA loans portfolios, including key account reviews, reconciliation, analysis preparation.  This work involves a large hands-on component working in underlying systems and other related modules.  Directly engage with other corporate finance units, and the external auditors.

•  Quarterly and Year-End Reporting: Contribute to the preparation of loan-related notes and disclosures for financial statements and MD&A in accordance with US GAAP.

•  Client Service: Respond to borrower information requests, debt-related queries, provide debt service workshops to clients, support to Bank, Country and Regional teams on billing and/or other financial matters.

•  Financial Analysis: Proactively identify trends and/or potential inconsistencies through critical review of data and fact patterns regarding the loans portfolio.  Lead/assist/support the response to queries from senior management, external auditors etc.

•  Internal Control Oversight: proactively adopt and role model a strong control mindset.  Set team norms to learn from past issues, identify areas in need of strengthening, and initiating appropriate actions.

•  Quality control – ensure accuracy and completeness of loan portfolio accounts, including review of loan master data set up, interest rates, reconciliations etc.

•  Business Analysis: draft and articulate business needs in business requirement documents related to new system needs, products or policies.  Perform user acceptance testing of new systems and functionality.

Selection Criteria

Education & Experience:

•  CA, CPA or equivalent designation
•  Bachelor's in finance, Accounting or relevant discipline
•  Minimum 3 years post qualification experience in a corporate accounting setting, and hands on experience in an accounting production environment
•  Experience in financial services industry with preference towards experience in an international multilateral organization
•  Preferable: Big Four or equivalent public accounting experience is advantageous 
Knowledge and Skills:

•  Strong knowledge of U.S. GAAP and proficiency with researching and applying accounting standards
•  Preferable: Knowledge of the World Bank's loan products and policies is advantageous
•  Hands on experience with an ERP system – with strong preference to SAP experience
•  Demonstrated and proven attention to details is required
•  Strong knowledge of and practical experience in designing and implementing internal controls over day-to-day processes and financial reporting related tasks
Abilities:

•  Strong communication skills, including the ability to explain and express views/opinions clearly and confidently
•  Ability to manage simultaneous competing demands and deliver on time
•  Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.

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.

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, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

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