Financial Analyst

Financial Analyst

Job #:

req34916

Organization:

World Bank

Sector:

Treasury

Grade:

GE

Term Duration: 3 years 0 months

Recruitment Type:

Local Recruitment

Location:

Chennai,India

Required Language(s):

English

Preferred Language(s):

Closing Date:

11/30/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

The Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans. Financial management includes asset management responsibilities and actuarial support. PEN manages about $40 billion US dollars invested across a range of asset classes, including fixed income, public equities, private equity, real assets, absolute return, and credit strategies. The Pension Finance Committee, appointed by the Bank Group President and chaired by the Chief Financial Officer, has oversight responsibility for the financial management of the plans. PEN's responsibilities also include the delivery of technical assistance on multi- asset class investment management to pension plans, endowments and funds for the future, and the management of the Pension Administration function. PEN identifies, selects, evaluates, and monitors investments, through outside managers, globally.

The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) pension plans financial statements, iii) pension investment performance and attribution, iv) asset class exposure monitoring, v) investment asset pricing and valuation, and vi) third-party clients' reporting.

The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.

Duties and Accountabilities:

The primary responsibilities will be in the domain of Hedge Funds administration that will include, but is not limited to, some combination of the following activities:

1. Track, download statements and record accounting entries based on monthly valuation statements received from hedge fund managers Hedge Fund managers in the accounting system. In addition, support recording year-end NAV and financial statement data to finalize the valuations for the Annual Report.

2. Prepare monthly performance slides including the highlights for absolute returns portfolio. In addition to that, create and maintain analytical and control reports using periodic statements received from fund managers for better understanding of manager and portfolio performance.

3. Provide operational support to execute the subscription and redemption decisions of the investment team by initiating the due diligence process, reviewing terms, preparing and validating legal documents by coordinating with the investments team, legal team and fund administrators, and tracking the related payments and receipts, within deadlines.

4. Assist headquarters team in coordinating the year-end audit of the pension plans and preparing plan's financial statements and validate the confirmations and audited financial statements including details such as valuations, ownership percentage, management and performance fee.

5. Review SOC1 reports from the fund administrators to understand the underlying controls, identify issues and coordinate with the administrators for clarifications.

6. Support creation and closing of accounts with the custodian by providing account related information in a timely manner.

7. Prepare routine correspondence and promptly communicating with the pension investments team, hedge fund administration and the custodians. Manage the flow of information and monitoring/following up on outstanding issues within deadlines.

8. Support automation initiatives and IT projects relating to operational areas including systems implementation, maintenance of databases, dashboards, and reports.

9. Handle regular and ad-hoc operational tasks and/or escalate daily operational issues with custodians, as well as internal stakeholders.

10. Be responsible for resolving and/or escalating daily operational issues with custodians, internal stakeholders and external parties including agents.

11. Ensure that all business processes in the unit are properly documented and complied with.

12. Assist PENMO staff with ad-hoc tasks to ensure prompt delivery of daily, monthly, quarterly, and year-end deliverables and reporting requirements.

13. Support and attend various tasks within a multi-asset class management business in treasury operations, accounting, management reporting, valuation control, and performance analytics, as may be assigned sometimes.

Selection Criteria

1. A professional accounting designation such as CA, CPA or ACCA is required. Any master's degree in finance, accounting, or Business (MBA) or having a CFA charter will be an added advantage.

2. At least 2 to 3 years of relevant work experience required in accounting and/or preparing financial statements. Experience in working on the preparation of or audit of financial statements related to fund investments will be a plus.

3. Strong quantitative skills demonstrated by analysis of fund reports and statements to reflect explanation of exceptions and outliers, with excellent spreadsheet skills would be required. Candidates with knowledge of Prompt engineering, Power Query, DAX, excel macro writing ability and/or Python would have an advantage.

4. Demonstrated ability to learn new technologies quickly and effectively for maximum productivity.

5. Ability to deal with various third parties such as custodians, fund administrators, investment managers, general partners, etc. to obtain information.

6. Excellent communication and presentation skills – both verbal and written.

7. High-level of initiative, self-confidence, and a self-starter; ability to apply a practical matured approach to problem solving with minimum supervision.

8. Commitment to work in a respectful, team-oriented, and multi-cultural environment.

9. Flexibility to overlap with U.S. hours will be required to meet reporting deadlines. Willingness to travel to Washington DC for training and team projects, if required.

10. Highest ethical standards.

 Competencies:

 o Financial Market Literacy - Can understand financial market processes; reads and analyzes financial reports and data such as holdings, valuation, performance, compliance, account reconciliations, position, margin, and settlement and risk reports.

 o Process and Infrastructure Development - Makes recommendations to improve efficiency of the accounting, business risk or operations process.

 o Operational Risk and Control - Understands the basic concepts of risk management and internal control frameworks.

 o Investment Operations - Adept or expert in processing a suite of transactions such as FX or investment transactions, and/or managing bank accounts and reference data.

 o Client Orientation - Able to establish partnership based working relationships with internal/external clients. Demonstrates independence, initiative, and autonomy in addressing clients' needs.

 o Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organization to do so.

 o Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view.

 o Knowledge, Learning and Communication - Able to research and draft quality written materials or review adherence of written materials prepared by others to administrative requirements. Able to mentor and guide and organize learning activities within area of assigned responsibilities.

 o Business Judgment and Analytical Decision Making - Able to use analytical, problem-solving skills and resourcefulness to make informed and practical decisions to carry out own work. Able to advise on information usage and storage, and policies around assigned responsibilities.

 This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

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.

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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