The World Bank’s Loan Department (CTRLD) is seeking to hire Finance Analysts (FNs) (5 positions) and Finance Assistants (FAs) (2 positions). CTRLD is the focal point within the Bank for exercising fiduciary controls over its lending operations, including responsibility for ensuring that loan funds are used for their intended purposes. In this regard, it collaborates actively and maintains close working relationships with several other Bank units. CTRLD which is currently being realigned so as to be more client focused, is primarily responsible for the formulation and administration of the Bank’s financial policies and procedures relating to disbursement of funds from IBRD loans, IDA credits, the Project Preparation Facility (PPF), Institutional Development Fund (IDF) Grants, Recipient-Executed Trust Funds and other financial products of the Bank. As part of this realignment, CTRLD is opening a Regional Centre in Nairobi, Kenya. The Nairobi Regional Centre (Centre) will follow the staffing model of other teams in the other regional centres (Brasilia, Beijing, Zagreb, Chennai and Manila), a solid team of Finance Assistants, Analysts, and a Team Leader.
Finance Analysts (5 Positions)
(Local 3-year term appointment)
Nairobi, Kenya
(Ref. 120709)
The Finance Analysts (FNs) contribute to various team responsibilities, such as disbursement transaction and analysis, project management and capacity building. The FN plays an important role in ensuring the financial accountability of borrowers/recipients, specifically that loan proceeds are used for the purposes intended and are eligible in accordance with the World Bank policies and procedures. The FN might be requested to contribute to Department or corporate initiatives. The position requires strong accounting and auditing skills, client orientation and drive for the results. The FN provides technical support to the finance assistant and reports to the Regional Centre Team Leader and Finance Officer for the assigned portfolio.
The responsibilities will include: Disbursement Transaction Processing/Portfolio Management:
- Analysing and determining the appropriateness of borrowers’/recipients’ requests for disbursements and the supporting documentation and compliance with the World Bank’s policies and the provisions of the legal agreements and related documents
- Providing first-level approval of requests from borrowers/recipients for payments
- Ensuring prompt and accurate entry/updating the financial master data of all loans/credits/grants
- Performing loan portfolio management, such as loan closing, extension, designated account management among others
- Responding to questions regarding payments, disbursement procedures, and other financial matters
- Identifying issues and systemic problems relating to borrower capacity and provide/recommend corrective measures
- Providing direction to the Finance Assistant working in his/her country portfolio
- Providing training to internal and external audiences – operations, financial management, country office staff, and clients (borrowers)
- Answering questions from Task Team Leaders, borrowers, commercial banks, and suppliers on payments, balances, and application status. Departmental/Divisional Tasks: • Participating in departmental/divisional task forces
- Identifying issues relating to CTRLD policies, procedures and guidelines and recommend actions or enhancements
- Participating in new systems development and user testing
- Undertaking ad hoc assignments at the discretion of the Team Leader and/or Manager.
Selection criteria:
- Professional certification (CPA, ACCA, CA, CFA or equivalent), with Master’s degree in Accounting, Finance or Business and a minimum of 5 years’ relevant experience in portfolio management, project implementation, accounting, auditing and/or contract management
- Language skills: Ability to communicate effectively, in writing and verbally, in English (essential) and one of the two or both French (essential) and Portuguese (essential). Fluency on all three languages will be a plus
- Knowledge of internal controls and procedures
- Knowledge of the Bank operational policies, including understanding of Bank policies and practices related to disbursement and contract management, would be an advantage
- Ability to appropriately apply operational policies, as they relate to disbursements
- Experience delivering training in the required languages (English, French, and Portuguese)
- Ability to prepare learning materials and presentations
- Attention to detail and numerical accuracy
- Understanding of information systems and the application of new technology.
Apply, quoting the relevant vacancy reference number, by the end of day on 10 April 2012.
For the full job descriptions and full selection criteria for all the positions, qualified candidates are requested to visit and submit an electronic application through the World Bank careers website: www.worldbank.org/careers and click on Employment opportunities then > Professional/technical staff opportunities – then > Current vacancies > and then on the relevant vacancy reference number. E-mail or paper/postal applications will not be considered. Only shortlisted candidates will be contacted.
The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background. Individuals with disabilities are equally encouraged to apply.
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