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World Bank Group Hiring for Finance Assistant at New Delhi Full Time
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Job #:
req14091
Organization:
IFC
Sector:
Budget
Grade:
GD
Term Duration:
3 years 0 months
Recruitment Type:
Local Recruitment
Location:
New Delhi,India
Required Language(s):
English
Preferred Language(s):
Closing Date:
12/16/2021 (MM/DD/YYYY) at 11:59pm UTC
Description
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org
The Vice Presidency for Corporate Support (COSVP) integrates Budget and Business Administration, HR, Communication, Partnerships and Information & Technology functions under one umbrella to enable execution of IFC’s management and operational needs in the best way. Within COSVP, Budget and Business Administration department (CBA) plays a pivotal role in allocating IFC scarce resources and aligning them to IFC 3.0 by leveraging budget as a management tool to mainstream the corporate strategy, creating profitability and efficiency metrics, improving the scorecard and overseeing procurement and facilities administration.
CBAAP is a unit within CBA supporting operational teams in IFC’s Asia and Pacific region. CBAAP currently seeking a Finance Assistant to join CBA team in New Delhi office. The successful candidate will primarily support Finance Officer for the overall financial administration and accounting practice of IFC Offices in India.
Duties and Accountabilities:
The Finance Assistant’s main tasks will include but are not limited to the following:
Imprest Administration:
- Processing of vendor/staff payments and consultant reimbursements in E-Payables
- Ensure regular accounting, reconciliation and timely replenishment of IFC petty cash
- Ensure proper accounting and timely reconciliation of Pcard statement in SAP
- Monthly review of expenses for accuracy and ensure timely corrections/adjustment of erroneous transactions.
- Filling and reconciliation of refund for GST and other reimbursable taxes.
- Accounting of Accruals and Prepayments
- Payroll processing in SAP
- Perform and ensure correctness in transaction for GL, Charge code, vendor, Tax etc.
- Support ACS on procurement for PO threshold, Petty Cash handling, PCard, vendor registration and maintenance, charge code inquiries etc.
- Liaise with AP, AR and vendors to ensure timely payments and receivable process.
- Ensuring proper filing of all documents as per the record retention policy
Monitoring & Reporting:
- Monitoring and maintaining Imprest account and petty cash account fund balances as per policy
- Preparation of monthly Imprest accounting report including bank reconciliation.
- Monitor implementation of PCard and Event Card to ensure compliance to the institutional policies and guidelines.
- Fixed assets: ensure that all asset procurements, disposals and reporting conform with WBG policies and procedures.
- Maintain strong controls for IFC related transactions to ensure a STRONG scorecard rating for India Office Business Area.
- Providing ad-hoc reports at the request of management.
Liaison and Knowledge sharing:
- Coordinate with GPP team for invoice processing, invoice query resolution, clearance of vendor open items.
- Liaison with Chennai office regarding Imprest/Payroll/SRS/Travel audit/Account Payable issues
- Liaise with Banks in connection with IFC Corporate account as staff salary accounts.
- Providing expert advice and guidance to staff on accounting theory and practice, recommending solutions to various issues, travel and other policies.
- Support Finance Colleagues on India Office Budget forecast and monitoring.
- Support Advisory operational staff to resolve finance related inquires.
- Perform ad-hoc assignments and serve as back-up to a role, as required.
- Respond to review undertaken by Quality Assurance team on IFC transactions.
Selection Criteria
- Degree in Accounting or Finance with at least 2 years of financial management experience in corporate setting.
- Sound knowledge in financial accounting and reporting.
- Excellent communication and networking skills, fluency in English is essential.
- Ability to maintain collaborative work relations with all levels of staff.
- Strong commitment to team work and knowledge sharing is an essential attribute.
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.