Finance Officer at World Bank, Washington, DC, United States

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Deadline: 1 March 2019

The World Bank Group (WBG) is currently seeking applications from the eligible applicants for the post of Finance Officer in Washington, DC, United States. The duration of this post 3 years.

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WBG has set two ambitious goals to push extreme poverty to no more 3 percent by 2030, and to promote shared prosperity and greater equity in the developing world.

Key Jobs Responsibilities

The Finance Officer will perform the following functions-

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  • Provide support to task teams by reviewing project documents (Concept Notes, Appraisal Documents, Financing Agreements, etc.) and other sources of information, providing timely inputs and raising issues, which may have an impact on disbursement arrangements, or are unclear, and escalate to management any issues that require management action or support.
  • Advise the task team on disbursement-related aspects of loans/credits/grants/TFs to ensure they are consistent with Bank policies and procedures and will adequately support project implementation with due regard for economy and efficiency.
  • Prepare disbursement and financial information letters (DFIL), loan repayment terms and amortization schedules, and participate in project preparation meetings including technical discussions and negotiations.
  • Review and clear project/program documents including, negotiation and board packages, in accordance with WFA standard procedures and applicable Bank policies.
  • Setting up of the loan financing terms and loan data in the system (iLAP).
  • Carry out the disbursement risk assessment of projects.
  • Carry out the responsibilities in compliance with WFA’s control framework.
  • Design and deliver capacity-building training (e.g. Disbursement Trainings), in coordination with FNs and the TLs.
  • Deliver project preparation training and job shadowing initiatives for Finance Analysts (FN) to further develop FN’s ability to serve clients.
  • Conduct quality assurance on the work done by FNs and provide input into the performance appraisal of the FNs.

Eligibility Criteria

Applicants must have-

  • Either one or more of a Professional certification (fully qualified as CPA, ACCA, CA, CFA or equivalent); or a degree in Accounting, Finance or Business.
  • Master’s degree in Accounting, Finance or Business or a combination of adequate and direct relevant work experience in lieu of professional certification / Master’s degree.
  • At least 7 years of relevant experience in portfolio management, project operations accounting, auditing and/or contract management.
  • Ability to communicate effectively, in writing and orally, in English.
  • Relevant knowledge of Generally Accepted Accounting Principles (GAAP), internal controls procedures and financial management.
  • Knowledge and application of the Bank operational policies, including understanding the interaction between the Bank’s Operational Policies, Bank Procedures, and individual trust fund programs as they relate to disbursements.
  • Ability to exercise professional judgment and appropriately interpret and apply operational policies, as they relate to disbursements.
  • Knowledge of the Bank’s IBRD and IDA lending products and choices of repayment terms.
  • Strong quantitative skills with superior attention to detail and numerical accuracy.
  • Strong analytical and conceptual skills with demonstrated ability to interpret data, assess issues, develop sound conclusions, and formulate remedial measures.
  • Ability to manage complex tasks, deal with rapidly shifting priorities, provide professional support to senior staff and deliver against ambitious deadlines.
  • Capacity to work simultaneously, effectively and efficiently on a variety of diverse issues and tasks, independently adjusting priorities and achieving results with agreed objectives and deadlines.
  • Ability to operate effectively in a matrix management environment.
  • Strong client focus including good interpersonal, diplomatic and team building skills required for building and maintaining collaborative relationships.
  • Willingness to travel on short-term assignments.

How to Apply

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Applicants must submit their applications through online process.

For more information, please visit WBG.