Deadline: 22 June 2016
International Finance Corporation (IFC) is currently seeking applications from the eligible applicants for the post of Financial Officer in Washington D.C., United States.
The Financial Officer will utilize and obtain credit and valuation review experience of IFC’s investment portfolio worldwide, insight into the calculation of the general and specific loan loss reserves and first-hand understanding of financial reporting of portfolio investments.
IFC’s mission is to end extreme poverty by 2030 and boost shared prosperity in every developing country.
Key Jobs Responsibilities
The Financial Officer will perform the following functions-
- On a quarterly basis, carry out an independent review of a selected portfolio of investments across portfolio investment products (loans, debt securities, equity, derivatives, guarantees and trade finance facilities), with specific focus on impairment assessment, loss reserving and overall financial statement recording and disclosures.
- Chair selected quarterly portfolio meetings and leads the discussions with the relevant Portfolio Managers, portfolio management staff and Equity & Valuation unit (CRMEQ) staff, as needed.
- On a quarterly basis, calculate and report loan loss reserves and investment portfolio write-downs to Reporting and Analysis unit (WFARA) for inclusion into IFC’s financial statements. Carry out all necessary quality checks to enable correct recording and reporting of these items.
- Oversee the monthly closing of the Loan Loss Reserve (LLR) system and reporting of loan loss reserves and investment portfolio write-downs for inclusion into IFC’s financial statements.
- Oversee LLR system enhancements to ensure smooth functioning of the LLR closing and reporting process.
- Actively participate in the overall external and internal audit relationships relating to the unit’s work programs and periodic reviews by Internal and External Audit.
- Keep abreast of new developments in accounting standards for financial instruments and impairments and provide overall leadership in the implementation of those aspects applicable to WFAPR.
Eligibility Criteria
Applicants must have-
- Master’s degree, preferably in business, finance, risk management or economics.
- 8 – 10 years of experience in the financial services industry, preferably in an investment/portfolio supervision related area (certification such as CFA or CPA would be a plus).
- Knowledge of IFC’s operations and portfolio a strong plus.
- Strong verbal and written communication and presentation skills.
How to Apply
Applicants must submit their applications through online process.
For more information, please visit IFC.
