Finance Analyst Job at World Bank Group

Finance Analyst Job at World Bank Group… See details on how to apply for the opportunities available at World Bank Group.

Description;

Responsibilities:

Supporting the preparation of new projects:

• Collaborate with Finance Officers (FOs) on fiduciary review of loan preparation documents.
• Manage project preparation from concept note to effectiveness, as assigned by the FOs and Team Leads (TLs) for low-risk projects.

Loan portfolio management:

• Prepare level two (level one at FO direction) loan restructuring packages and clear in the Operations (Ops) portal.
• Provide input to FOs on Withdrawal Application Quality Risk (WAQR).
• Provide advice during project implementation to address fiduciary and fund-flow related issues based on risk assurance framework
• Provide loan information and analyses to assist in decision-making.
• Provide monthly inputs on the status of disbursements and the performance of the portfolio to  each Country Management Units (CMUs).
• Monitor inactive Project Designated Accounts (DAs) and liaise with clients to ensure that DA balances are promptly documented or refunded.
• Implement actions to ensure that loans are closed promptly on the due dates.
• Process the logging and resolution of ineligible expenditures in the system, including following up with clients to ensure ineligible expenditures are duly refunded.
• Manage e-disbursement account setup and the related queries from clients.
• Update loan data in the system for information such as: Master Data Setup; category overdraw; clearance of sanctioned and debarred firms; changes to Designated Account ceilings; fulfilment of Loan Effectiveness Conditions; loan Closing Date extensions; reallocation of category amounts; etc.

Transaction Processing:

• Perform ex-ante and ex-post review of withdrawal applications, including Special Commitments, and the related supporting documentation and sign off the withdrawal applications, as appropriate. Promptly liaise with clients to resolve any potential issues or exceptions noted in the processing of transactions.
• Perform the Release function for withdrawal applications, as applicable.
• Review and process cancellations, refunds, adjustments, returned payments, beneficiary registration forms (BRFs); Interim Financial Reporting (IFR) advances; and the refinancing of Project Preparation Advances (PPAs).

Client Capacity Building: 

• Evaluate the results of both the reviews of transactions and the portfolio management work to identify areas where borrowers have capacity constraints and to assist in decision-making on the type of capacity-building that should be provided to clients.
• Provide capacity building and technical support to clients on the Bank’s disbursement policies and procedures through face-to-face workshops, video conferences, e-mails and ad-hoc discussions resulting from reviews of transactions, missions etc.
• Utilize the available online tools and experts in the Community of Expertise (COE) to build knowledge through discussion groups, posting of aide memoires, leave and mission plans, training materials and guidance notes.
• Engage and advise external clients on the processes and procedures required in order to efficiently utilize the Client Connection platform.

Client Relationship Management: 

• Act as the country focal point for assigned countries in collaboration with the country Finance Officer (FO).
• Collaborate with the FOs in the following components of the work program pertaining to client support and technical assistance: Country Portfolio Performance Review (CPPR); Country Partnership Strategy (CPS); Participation in project launches; and providing input to the Implementation Status Reports (ISRs).
• Serve as a solution provider for advice to internal clients (task teams, financial management specialists and procurement specialists, legal) on preparation and implementation issues in the assigned countries.
• Appropriately utilize the Askloans Helpdesk (Client Relationship Management tool) to engage with clients and provide analytical and performance data on that client engagement.

Other Tasks: 

• Appropriately handle other tasks that may be assigned by the TL.

Selection Criteria

The candidate should meet the following criteria:

• Professional accounting qualification (CA, CPA, ACCA or an equivalent professional accounting qualification) preferred
• Minimum of 3 years of relevant work experience
• Bachelors in Finance, Accounting or relevant discipline
• Experience with a financial institution or a Big 4 accounting firm is a plus
• Master’s degree in a relevant discipline (Ex. Finance, Accounting) is a plus
• Language Skills: the ability to communicate effectively, in writing and orally, in both English and French is required and essential.
• Relevant knowledge of Generally Accepted Accounting Principles (GAAP), internal controls and financial management.
• Knowledge and application of the Bank’s Operational Policies and Procedures and how they relate to disbursements and loan portfolio management is an advantage.
• Ability to exercise professional judgment and appropriately interpret and apply operational policies, as they relate to disbursements and loan portfolio management.
• Knowledge of the Bank’s IBRD and IDA lending products is an advantage.
• Strong quantitative skills with superior attention to detail and numerical accuracy.
• Strong analytical and conceptual skills with demonstrated ability to interpret data, assess issues, develop sound conclusions and formulate remedial measures.
• Ability to manage complex tasks, deal with rapidly shifting priorities, provide professional support to senior staff and deliver against ambitious deadlines.

Method of Application

Submit your CV and Application on Company Website : Click Here

Application Deadline: 15th May 2023.