Financial Analyst
Sector:
Finance & Accounting
Term Duration:
3 years 0 months
Recruitment Type:
Local Recruitment
Required Language(s):
English
Closing Date:
9/19/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? The World Bank Group is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a livable planet. As one of the largest sources of funding and knowledge for developing countries, we help solve the world’s greatest development challenges. When you join the World Bank Group, you become part of a dynamic, diverse organization with 189 member countries and more than 120 offices worldwide. We work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to bring tangible and transformative change around the globe. For more information, visit www.worldbank.org.
VPU Context: The WBG Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD, IDA, IFC, and the extensive Trust Fund/Partnership portfolio of these entities. WFA also leads the client service function for the WBG’s corporate expenses and trust funds and ensures fiduciary responsibility for all disbursements related to Bank operations. Organizationally, WFA is comprised of four functional areas: (1) Corporate Accounting and Reporting; (2) WBG Accounting Business Services; (3) WBG Financial Operations; and (4) WBG Finance and Operations, Chennai. These units report directly to the WBG Controller who heads the WFA Vice Presidency.
Unit Context: The Chennai team (WFACC) of the Corporate Reporting and Analysis division (WFACR) is a dynamic team of accounting and finance professionals, which together with the team in Washington D.C., is responsible for all aspects of IBRD and IDA’s financial reporting. This includes quarterly/annual financial statements and management discussion and analysis, business unit accounting oversight responsibilities (loans, cash, borrowings, investments, trust funds, pension, and administrative expenses), monthly closing of IBRD and IDA’s ledgers, preparation and review of the monthly trial balances, and other ad hoc deliverables. The team also handles all aspects of IBRD’s capital accounting framework and the approval function of all IDA capital accounting transactions. The team’s roles and responsibilities provide a holistic understanding of the financial dynamics of IBRD and IDA, which places the team in a strong position to be able to assess the impact of market and institutional developments on the financial results of the two entities.
Duties and Accountabilities:
Preparing internal and external financial statements/reports and other management reports for IBRD and IDA- Assess the impact of new and proposed accounting and auditing pronouncements on IBRD’s and IDA’s financial statements, financial operations, and governance
- Coordination of the monthly closing process for the decentralized business units of the Bank. Prepare monthly financial narratives and variance analyses
- Research and analyze complex accounting transactions related to new/enhanced products or services, and provide technical guidance and support to ensure proper accounting and reporting
- Participate in internal control assessments, analyses; and efforts to strengthen controls, based upon a strong understanding of the underlying business
- Maintaining the capital accounts for IBRD and IDA
- Respond to inquiries from management regarding financial results, special reporting requests, and complex accounting transactions
- Support projects and initiatives by analyzing impact upon accounting, reporting, and controls; and making associated recommendations and suggestions
- Participate in/Perform testing of new system applications and/or functionality with/for the underlying business unit.
Selection Criteria
- Chartered Accountant degree required. Bachelor’s in finance, Accounting or relevant discipline is a must. Additional Master’s degree in a related field (Ex. Finance, Accounting, Taxation) is a plus
- Candidates with a minimum of 3 years of post-qualification experience in similar or complementary roles are required.
- Advanced knowledge of accounting and reporting standards, finance concepts, and business practices. Exposure to US GAAP is preferred
- Proven conceptual, analytical, and appraisal skills; and the ability to interpret and present complex financial information clearly
- Excellent verbal, written and interpersonal communication skills, and ability to communicate well with all organizational levels, and technical as well as non-technical stakeholders. Strong presentation and facilitation skills
- Full proficiency in Microsoft Windows applications, namely Excel, Word and Power Point. Demonstrated ability to learn new technology quickly and effectively use it for maximum productivity. Knowledge of SAP will be an advantage
- Basic knowledge of financial instruments and financial markets
- Comfortable working in a pressured environment with capacity to deliver high-quality outputs and results in tight deadlines
- Ability to multitask and work effectively in multidisciplinary teams; and
- High degree of self-motivation and proven ability to work under minimum supervision and as part of a team
WBG Culture Attributes
1. Sense of Urgency – Anticipating and quickly reacting to the needs of internal and external stakeholders.
2. Thoughtful Risk Taking – Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.
3. Empowerment and Accountability – Engaging with others in an empowered and accountable manner for impactful results.
WBG Culture Attributes:
1. Sense of Urgency – Anticipating and quickly reacting to the needs of internal and external stakeholders.
2. Thoughtful Risk Taking – Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.
3. Empowerment and Accountability – Engaging with others in an empowered and accountable manner for impactful results.
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.
