(Associate) Financial Officer - Trust Funds Accounting and Reporting Job #: req33248 Organization: IFC Sector: Financial Sector Grade: GF Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 6/3/2025 (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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
The CNTCR Trust Funds Accounting and Reporting Team (CNTCR-TF) within the Controllers Department is responsible for preparing timely and accurate periodic financial reporting to internal and external stakeholders, facilitating the external audit and issuance of audit and review opinions by the external auditors. The CNTCR-TF unit ensures the integrity of the financial ledgers and financial information, advises and liaises with decentralized accounting business units, and significantly enhances efficiencies through automation and streamlining of deliverables. The team continuously seeks innovative solutions to automate routine tasks, thereby reducing manual interventions, and implements streamlined processes to expedite reporting and auditing cycles, ensuring faster turnaround times and increased accuracy.
Roles & Responsibilities:
• Maintain and manage trust fund accounts, ensuring accurate record-keeping and reporting of financial activities.
• Oversee the preparation and analysis of financial statements and reports related to trust funds.
• Ensure compliance with applicable accounting standards and internal controls for financial reporting.
• Develop and implement automated solutions to optimize trust fund accounting processes.
• Liaise with internal and external stakeholders, including external auditors and trust funds counterparts.
• Collaborate with cross-functional teams to integrate technology solutions for managing large databases from multiple systems.
• Assist in the implementation of SAP and other financial systems for trust fund management.
Selection Criteria
• Certified Public Accountant or equivalent designation (e.g., CPA, CA, ACCA or equivalent) and a master’s degree in accounting or finance.
• Sound understanding of international accounting standards, U.S. GAAP and/or IFRS with strong technical accounting and reporting background.
• 5 years of relevant experience in corporate or public accounting. Preference will be given to applicants with a background in financial services industry, particularly in Multilateral Development Banks (MDBs) and/or Big Four or equivalent public accounting experience.
• Strong digital skills and experience in providing low code/no code solutions by leveraging technology for working with large databases coming from multiple systems.
• Knowledge of best practices of internal controls over external financial reporting.
• Knowledge of SAP (General ledger) and other financial systems is a plus.
• Strong analytical skills and project management experience.
• Strong communication skills (in English), both written and oral.
• Ability to work independently, take initiative, and anticipate and respond quickly to situations.
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.