(Associate) Finance Officer – Budget & Business Administration

Job Type: Location Type: Not Specified

 

(Associate) Finance Officer – Budget & Business Administration

Job #:
req33190

Organization:
IFC

Sector:
Budget

Grade:
GF

Term Duration:
3 years 0 months

Recruitment Type:
International Recruitment; Local Recruitment

Location:
Washington, DC,United States; Other Locations

Required Language(s):
English

Preferred Language(s):

Closing Date:
7/16/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

*This posting is intended to develop a candidate pool for future Japanese recruitment efforts.

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 Vice Presidency for Corporate Support (COSVP) integrates Budget and Business Administration, HR, Communication, Strategy, and Information & Technology functions under one umbrella to enable execution of IFC’s management and operational needs in the best way. Within COSVP, Budget and Business Administration department (CBA) plays a pivotal role in allocating IFC resources and aligning them to IFC 3.0 by leveraging budget as a management tool to mainstream the corporate strategy, creating profitability and efficiency metrics, improving the scorecard, and overseeing procurement and facilities administration.

This advertisement is for building a candidate roster for future recruitment. Applicants will be considered for upcoming roles in various IFC office locations and teams. Only successful applicants who pass the initial CV screening will be contacted for further steps.

Duties and Accountabilities

Financial management of department work program and resources:
• Support business planning and strategic allocation of resources for assigned units and support departmental budget formulation, execution, monitoring, analysis, and reporting activities.
• Prepare forecasts on expenditures, including staff cost analysis for the units under their responsibility.
• Provide effective support to the unit’s Managers and Project teams on project budget and financial review during the project cycle.
• Manage quarterly and fiscal year-end financial processes, including closing of capital budgets on a quarterly basis and accounting for accruals at fiscal year-end.
• Identify trends and variations, identify/resolve issues, and discuss them with the budget lead and line management, working groups and other relevant staff.
• Other ad hoc tasks as required to support the financial management of department operations.

Reporting, Communications and Liaison:
• Produce detailed and summary reports to support the business including capital budget plans through data visualization tools and other AI/ML tools.
• Ensure timely and accurate completion of tasks and submission of outputs.
• Advise/liaise with staff in the department to improve knowledge and awareness with respect to budget methodologies, policies, internal control policies and procedures.

Cost Analysis and Cost Effectiveness:
• Monitor and analyze cost effectiveness performance at the unit, activity, product, and project levels. Prepare ad hoc analysis based on IFC cost information stored in various source systems.
• Independently handle complex and technical financial, administrative, and cost effectiveness policy and program issues.

Financial Control and Fiduciary Responsibilities:
• Conduct fiduciary review of projects according to the WBG capital policy and guidelines.
• Support internal control framework of the department’s financial transactions, including review of effectiveness of the internal control systems and monitoring.
• Perform regular analyses on all exception reports and identify problem transactions/irregularities and resolve problems in a timely and effective manner.
• Within the SAP framework, take initiative to improve process and approaches, demonstrating adaptability to changing priorities and demonstrating innovative technical leadership.
• Ensure implementation of internal control points or recommendations raised by external and internal auditors.
• Assist and provide business intelligence and, if required, supporting documents and reconciliations during preparation to internal and external audits and coordinate their smooth implementations.

Selection Criteria
• Master’s degree in Finance, Accounting, Business Management, Economics, Project Management or a similar field.
• At least five years of relevant professional experience, or equivalent combination of education and experience.
• Sound knowledge and understanding of accounting theory, concepts, and principles, combined with proven practical skills in financial and cost accounting reporting, business planning, work programming, budgeting, financial management and audit.
• Ability to understand different financial reports and ledgers. Excellent knowledge of relevant budget guidelines, policies and procedures.
• Good understanding of critical linkages and relationships between budget processes, business operations and objectives and good conceptual, analytical and evaluative skills.
• Working proficiency in SAP, AO, BPC, and other Resource Management systems used by IFC for transactional and reporting purposes.
• Exceptional spreadsheet design and manipulation skills, ability to quickly develop effective understandings of logical accounting data structures and data inter-relationships to effectively evaluate and make recommendations on process/system controls; proficiency in using Microsoft Word and Power Point.
• Strong communication skills (in English), both written and oral
• High integrity and sense of judgement to handle confidential data.

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.