Description
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. 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.
Vice-Presidency Context
The Budget, Performance Review, and Strategic Planning Vice Presidency (BPS) is organized into three Departments: BPS Strategic Planning (BPSSP) with teams supporting the corporate strategic business and budget planning process; BPS Operations Units (BPSOU) with teams supporting Practice Groups and Regions; and BPS Corporate Units (BPSCU) with teams supporting corporate units, providing capital budget support, and providing BPS systems, knowledge, and shared services.
BPS’ service delivery model has three core roles: (1) Business Partners (serving clients directly with focus on decision support and performance oversight); (2) Centers of Expertise (providing thought-leadership and analytics, designing business finance policies, practices and systems, and coordinating knowledge management); and (3) Service Center (managing delivery of high volume and transactional and reporting services across Bank, including help desk support to clients).
Unit Context:
Hiring Unit Context
BPS is now seeking to fill the positions of recruiting a Finance Associate for the following unit(s):
BPSSE: The vacant positions are to support the work program of the Sustainable Development Practice Group and Europe and Central Asia Region (BPSSE), with a combined budget of approximately $546 million.
The selected candidates will be positioned in the Türkiye country office (Ankara) within the Country Department ECCTR, in the Georgia country office (Tbilisi) within the Country Department ECCSC, in the Moldova country office (Chisinau) within the Country Department ECCEE and in the Tajikistan country office (Dushanbe) within the Country Department ECCCA.
As with all BPS staff, Finance Associates are expected to be fungible and able to work across different assignments over time depending on business needs and professional development objectives. Specific work assignments are articulated in annual objectives prior to the start of each fiscal year.
Note that additional GD vacancies from across the VPU may be added to this requisition should the business need arise in the short term. All qualified, eligible, and interested parties are encouraged to apply.
Duties and Responsibilities:
The Finance Associate is expected to be innovative and deliver quality work, striking a balance between technical excellence and client focus. The functions range from primary responsibility for accounting transactions and vendor payments to performing compliance reviews and reporting to central control units, to setting/streamlining procedures in the office while ensuring appropriate controls are in place and supporting and advising staff on a host of the Bank policies and procedures, assisting with finance-related administrative tasks. The incumbent must have strong teamwork within and outside the unit, and the ability to work independently on projects with other members of the broader team. Initiative and excellent communications skills, both written and verbal, and interpersonal skills are a must.
Selection Criteria
• Minimum Education: Bachelor's Degree in Accounting, Business, Finance, Management or other relevant discipline required to fulfill position specific requirements. OR Non‐Finance Bachelor's Degree plus one of the following: (1) CIMA Advanced Diploma in Management Accounting; or (2) ACCA Advanced Diploma in Accounting and Business; or (3) equivalent Accounting certificate.
• Minimum Years of Relevant Experience: 1 year of experience in a relevant field, e.g. accounting, finance, business; but it’s preferred to have a candidate with professional experience for two years or longer.
• Track record of handling transactional level financial/accounting works.
• Demonstrated expertise in financial reporting, budget monitoring and internal control
• Excellent communications skills (written and oral) and people oriented
• Experience with relevant business areas from both in and outside the bank is not a must but will be helpful.
• Proficient user of relevant computer applications and systems, including Excel/PowerPoint, AO.
• The incumbent should be fluent in English; knowledge of local language is a must.
Competencies:
General Competencies:
• Integrity and Independence - Prepares accurate reports, ensuring that pertinent facts are fairly presented; shares information freely.
• Statutory and other Stakeholder Reporting - Can produce pro-forma financial statements and reports; familiar with disclosure requirements and accompanying notes, and management and auditor's reports.
• Internal controls and corporate procedures - Can analyze data and business processes to determine the viability of controls and procedures and identify any issues or areas of risk.
• Governance - Able to interpret the fundamental requirements of a client's governing structures and to provide basic budget analysis.
• Planning and Budgeting - Can produce standard reports and budgets and analyze budget information; understands the entity's funding structure and sources.
• Performance Evaluation and Reporting - Able to determine the information needs of users and present information that supports management decision making.
• Management Information and Tools Design - Able to analyze management information needs, accurately define requirements and ensure the quality of information produced.
• Financial Strategy - Understands what impacts the strength and integrity of the entity's income statement and balance sheet, and the Bank's lending products and basic pricing structures.
• Tasks and Workflow Management - Has excellent workflow management and task organization skills; able to take responsibility for all aspects of coordination of the workflow of assigned responsibilities.
• Transactions Processing and Quality Control.
Core Competencies:
• Client Orientation - Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success.
• Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organization to do so.
• Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view
• Knowledge, Learning and Communication - Actively seeks knowledge needed to complete assignments and shares knowledge with others, communicating and presenting information in a clear and organized manner.
• Business Judgment and Analytical Decision Making - Analyzes facts and data to support sound, logical decisions regarding own and others' work.
Preferred Qualification and Experience
• Advanced working knowledge of Bank budget/finance systems and reports, proficiency in applications like SAP, AO, Power BI, and/or demonstrated experience with major systems for financial/budget management.
• Familiarity with the fundamentals of Business Process Management and Data Governance.
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.
This vacancy is archived.