E T Temporary

Job #: req30426

Organization: World Bank

Sector: Finance & Accounting

Grade: ET4

Term Duration: 1 year 0 months

Recruitment Type: Local Recruitment

Location: Chennai,India

Required Language(s): English

Preferred Language(s)

Closing Date: 11/22/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile Working at the World Bank provides a unique opportunity for you to join us to help our clients solve their greatest development challenges. The World Bank (WB) is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions (IBRD, IDA, IFC, MIGA, and ICSID) dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.

The WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of the WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB's corporate expenses. Organizationally, WFA is comprised of three departments: (1) Corporate Accounting and Reporting, (2) Trust Funds and Loans, and (3) Financial Controls. In WFA, our mandate supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture.

WFA's WFAPA- Accounts Receivable, Payroll and Tax division (WFAPT in HQ and WFAPA in Chennai), part of the Financial Controls Department, is responsible for ensuring that (i) accounts receivable are recorded, monitored, and collected in a timely and efficient manner, (ii) salary and benefit payments to the WBG staff are processed in a timely and efficient manner, and (iii) tax allowances to the WBG staff and retirees are processed in a timely and efficient manner. It also provides strategic leadership and guidance to business units across the WBG on developing and maintaining an effective system of internal controls over AR, payroll, and tax.

The WFAPA is currently seeking an ET Temporary for its Accounts Receivable team in Chennai. The Accounts Receivable Portfolio consists of External Receivables (ERS) such as Reimbursable Advisory Services (RAS), Externally Financed Output (EFO) etc., Internal Receivables, and Staff Receivables (SRS). The team is also responsible for monitoring and managing accounting activities of the Admin Revenue area.

How your contributions will help us achieve our goals

The ET Temporary will handle multiple responsibilities in Account Receivable function. This includes:

• Assisting the team in completing the defined tasks, in line with the internal procedures and within the stipulated deadlines.
• Coordinating with HR/ Country Office teams/Information and Technology Solutions Group (ITS)/ Budget, Performance Review & Strategic Planning (BPS) depending on the tasks and process requirements.
  
  

The ET Temporary will report to the Accounting Officer.

What You Will Do

The ET Temporary's responsibilities includes but not limited to the following:

• Process Externally Financed Output (EFO) on a daily basis.
• Follow up with units on a regular basis to identify the receipts for EFO.
• Coordinate with the Accounts payable team in terms of Receipts relating to Vendor Payments, and post them to the suspense G/L.
• Coordinate with Treasury on certain details like expected/confirmed receipts status and initiating refunds requests.
• Handle Accounts Receivables Management (ARM) emails every day.
• Process Lease Rental and Amortization entries including the write-offs, if any.
• Record all the receipts relating to Other Receivables category.
• Monitor and follow up with units for the collection of receivables.
• Record Accrual of revenue as per US GAAP.
• Account the receipts posted to IBU accounts in SAP.
• Prepare Monthly Trial balance reports relating to External Receivables, IBU, Staff Receivables and Loans.
• Coordination within and across teams for completion of Admin Trial balance and Highlights.
• Collaborate with colleagues, clients, and counterparts to resolve day to day accounting and reporting issues.
• Assist and handle special projects as and when required.
  
  

Selection Criteria

Education

What you will bring:

• Bachelor's or Master's degree in a relevant discipline (Ex. Finance, Accounting, Taxation)
• Professional accounting qualification (Ex. CA, CPA, ACCA) may be preferred not mandatory, but is a plus
  
  

Experience

• Minimum of 3 years of work experience in the functional area.
• Preferable: Background in financial service industry and familiarity with banking transactions, Multinational organization experience would be advantageous.
• Proficiency in SAP and Microsoft Office tools.
• Experience in PeopleSoft systems will be an added advantage.
  
  

Knowledge And Skills

• Deliver Results for clients - Exhibit a personality that enables the incumbent to be client-focused, flexible and an excellent team player. Ability to manage time and prioritize/execute own tasks
• Staff rules and procedures Good knowledge of rules, policies and procedures that relate to area of work.
• Communication Strong verbal and written communication skills, including the ability to write clear, concise and complete procedures.
• Analytical thinking - Good analytical skills with ability to collate and interpret data, assess issues, develop sound conclusions, formulate remedial measures with attention to detail and accuracy.
• Make Smart Decisions - Excellent judgment, ability to carry out a multidimensional, multi-functional work program.
• Collaboration - Ability to effectively work with various levels of staff within the department and across the institution.
• Project Management - Ability to manage time and prioritize/execute own tasks
• Lead and Innovate - Proven track record of problem-solving skills in an automated accounting environment.
• Digital dexterity
• Working knowledge of WBG core functional systems and processes
• Good knowledge of data and analytical tools like MS-Excel, PowerBI, Tableau
• Good knowledge of reporting tools such as MS PowerPoint, MS Word
• Basic understanding of process improvement techniques and tools (Lean, Six sigma) o Basic understanding of automated solutions like RPA, AI/ML etc.
  
  

Abilities

• Strong communication skills, including the ability to explain and express views/opinions clearly and confidently.
• Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.
• Demonstrated ability to analyze business process requirements and translate them into design specifications for process changes and automated solutions.
  
  

World Bank Group Core Competencies

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.

Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.