E T Temporary - Chennai, Tamil Nadu, India - IFC Systems Corporation

IFC Systems Corporation

Verified Company

Chennai, Tamil Nadu, India

3 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

E T Temporary

Job #:

- req26247
Organization:

World Bank
Sector:
Finance & Accounting
Grade:
ET4
Term Duration:
1 year 0 months
Recruitment Type:
Local Recruitment
Location:
Chennai,India
Required Language(s):
English
Preferred Language(s):
English
Closing Date:
2/29/2024 (MM/DD/YYYY) at 11:59pm UTC
DescriptionThe World Bank Group Finance and Accounting (WFA) Vice Presidency Unit, is responsible for all aspects of financial accounting, reporting and the internal control framework for the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC) and the extensive Trust Fund/Partnership portfolio of those entities

WFA comprises the following functions:

Financial Instruments Accounting and Valuation; Loan Operations; Accounting Business Services; Financial Analysis and Reporting; Accounting Policy; Documentation and Communication; Advisory Services; and Operational Risks and Controls.

These units collectively include approximately 450 staff, of which approximately 150 are in Washington, D.C., with the remainder in regional offices including the largest in Chennai, India.

WFA has a large footprint in Chennai (WFACO) with about 250 staff, supervised by 7 senior team leads and supported by 20+ team leads.

Functionally, the Senior team leads report to Managers of their respective units in Washington, DC; administratively, they report to the WFA Chennai Manager, who has cross-cutting responsibilities for WFA Chennai and some functional responsibilities.

The Askaccounting team (WFAAN) and the Country office accounting team (WFACN) reports directly to the WFA Manager in Chennai (WFACO)
Team Overview:

The WFA Country Office Accounting (WFACN), part of Accounting Business services comprises two work program 1. Country Office Accounting (COA) and 2. Vendor Master Records (VMR).

This team reports to team lead Country office accounting (WFCN)The COA team works with WBG country offices (COs) and performs the below activities:

Review of Imprest accounts of country offices and follow up for any action
Perform control assessment through Monthly submission reports
Provide support on corporate expense policies and technical advice on accounting matters and SAP processes to CO accountants. Provide CO training
Accounting and support of goods and services refund claims (GST)

The VMR team is involved in the management of Vendor Master Records (VMR) for WBG.VMR Team is responsible for updating banking information in vendor master records (VMR) for Head Quarters and Country Office vendors after performing necessary due diligence.

VMR team also performs participates in projects that strengthen the Bank' vendor management especially with reference to vendor banking details.

Duties & Responsibilities:

The Senior Accounting Assistant's responsibilities include but are not limited to the following:

Due diligence, Vendor Master update and client advisory:

Update the bank account details of Bank Group staff, vendors, short-term consultants and temporaries, grantees and visitors in a timely and accurate manner in SAP for both HQ & Country Office vendors.
Perform related activities such as extending a vendor to a new company code or blocking or unblocking vendors based on requests from Accounts Payable (AP) or Accounts Receivable (AR) and Trust Funds (TF)
Collaborate with stakeholders like AP, AR, Treasury and Procurement to ensure timely and accurate update of the master data information.
Respond to client inquiries effectively and independently resolve problems or provide alternative solutions.

Process improvements & automation projects:

Explore automation opportunities and process improvements and work on implementation of improvement ideas
Participate in automation projects including Institutional Projects. Coordinate with stakeholders and provide value added insights
For the projects, work with technical teams on system changes, bug fixes, enhancements and testing

Other Responsibilities:

Maintain 'uptodate' and high quality process documentation (process flow chart, narratives, and Risk & Controls matrix) for audit and reference purposes.
Monitor and report key metrics related to the vendor master update process and highlight any issues to management
Support review undertaken by Quality Assurance team on Bank and Vendor master updates and other activities. Support ICFR review process.
Perform adhoc assignments and serve as backup to a role, as required.
Train and mentor junior team members and oversee functions.

Selection Criteria

Education and Experience: