Job Opportunity for Financial Officer at World Bank in Chennai, India

**Job Title:** Financial Officer

**Job Location:** Chennai, India

**Organization:** World Bank

**About the World Bank:** The World Bank is a global partnership of five institutions (IBRD, IDA, IFC, MIGA, and ICSID) dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development.  With 189 member countries and over 120 offices worldwide, the World Bank works with public and private sector partners, investing in projects and utilizing data, research, and technology to address global challenges.

**Job Description:**

The World Bank’s Finance & Accounting (WFA) Vice Presidency seeks a Financial Officer to join the Loan Accounting Division (WFALA) in Chennai.  This role directly supports quarterly and annual year-end audits, daily accounting, management reporting, and the development of new products related to IBRD & IDA loan portfolios.  Responsibilities include:

* Performing accounting closing work for IBRD/IDA loan portfolios, engaging with other corporate finance units and external auditors.

* Conducting financial analysis to identify trends and inconsistencies, responding to queries from senior management and auditors.

* Identifying and implementing process improvements using tools like RPA and Alteryx.

* Maintaining strong internal controls and proactively identifying areas for improvement.

* Drafting business requirements documents for new systems and products, and performing user acceptance testing.

* Supporting new product development initiatives.

* Serving as a key contact for external auditors and reporting units.

**Experience Required:**

* CA, CPA, or equivalent designation.

* Bachelor’s degree in finance, accounting, or a relevant discipline.

* Minimum 5 years of post-qualification experience in corporate accounting, with hands-on experience in a production accounting environment.

* Experience in the financial services industry, preferably within an international multilateral organization.

**Knowledge and Skills:**

* Strong knowledge of U.S. GAAP and proficiency in researching and applying accounting standards.

* Knowledge of World Bank loan products and policies is advantageous.

* Hands-on experience with an ERP system, preferably SAP.

* Demonstrated attention to detail.

* Strong knowledge of and practical experience in designing and implementing internal controls.

**Abilities:**

* Ability to manage competing demands and meet deadlines.

* Strong communication skills.

* Ability to work effectively in a multicultural environment.

* Demonstrated competencies aligned with the World Bank Group competency framework.

**Term Duration:** 4 years

**Recruitment Type:** Local Recruitment

**Required Language(s):** English

**Preferred Language(s):**  (Not specified in provided text)

**Closing Date:** January 7, 2025, 11:59 pm UTC