Finance Officer - New Delhi, India - IFC Systems Corporation

IFC Systems Corporation

Verified Company

New Delhi, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Finance Officer

Job #:

- req25209
Organization:

IFC
Sector:
Finance & Accounting
Grade:
GG
Term Duration:
3 years 0 months
Recruitment Type:
Local Recruitment
Location:
New Delhi,India
Required Language(s):
English
Preferred Language(s):

Closing Date:

12/6/2023 (MM/DD/YYYY) at 11:59pm UTC
Description

The Budget and Business Administration Department (CBA) integrates financial sustainability, resource, and administration functions under one umbrella to enable the execution of management and operational needs in the best way.

Aligning IFC's strategy and resource management capabilities and deliverables while supporting IFC's financial sustainability mandate is imperative for our strategic engagements and client delivery.

The Finance Unit for South Asia Region (CBASA) is responsible for work program planning, budgeting, monitoring, budget & financial reporting for all the offices in the South Asia Region (CSA).

Overall, CBASA maintains cost efficiency and effective controls over all financial transactions and provides support for effective management of resources.

Lead the Finance, Budget, and Accounting function in South Asia, supervising a network of 12 finance staff across India, Bangladesh, Sri Lanka, and Nepal
Liaise with Procurement and Real Estate teams on matters pertaining to South Asia and support the business in an integrated manner.
Partner with the South Asia unit (CSA) ie. management team, operational staff, and other internal clients in reaching its targets.
Serve as a primary link between CBA, CSA, Human Resources, and World Bank Group Finance and Accounting (WFA) to ensure optimal management of CSA's financial resources.

The location of this position will be in the CSA regional office in New Delhi, India. Some travel within the region will be required.

Roles and Responsibilities
The Finance Officer South Asia will be responsible for:

Budget and Resource Management

Lead and collaborate with the business at various levels (Regional Director/Country Managers/Department Managers etc.) for unitlevel budget activities (annual planning, forecasting) and resource alignment to strategy and business priorities.
Lead budget discussions and assessments with business units.
Manage staff cost affordability for the unit in collaboration with the HR Business Partner.
Partner with the Partnership team on Donor funding availability and utilization of Internal funds for projects and programs according to Governance.
Monitor capital projects and manage their financial impact.
Actively participate in Global/Regional/Functional adhoc working groups to tackle problems and share best practices.

Management Reporting and Analytics

Contribute to executive decisionmaking with analytics, financial advice, and budget management to improve business performance.
Independently supervise donors' reporting function within the regional department.
Deliver valueadded analytics and solutions to enable better decisionmaking for clients.
Lead delivery of financial and operational reports on a monthly and quarterly basis.
Collaborate with the Real Estate team on office ecology and footprint analytics.
Establish a strong knowledge network and promote knowledge sharing within and outside CBA.

Financial Control and Compliance

Supervise finance and accounting activity in Regional Country Offices.
Support the department's internal control framework and monitor financial transactions
Design, development, and implementation of control procedures to manage and mitigate fiduciary risk.
Lead quality assurance reviews of reports, ensuring compliance with institutional requirements.
Document processes, risks, and controls and assign internal accountabilities.
Identify opportunities to automate and simplify processes and implement improvements for efficiency within the Policy framework.
Maintain a strong control environment and scorecard ratings.
Provide business intelligence and support during audits.
Ensure compliance with World Bank Group policies and procedures in the Region.

Team Management

Lead and coach the CBA South Asia team on their annual objectives, personal development goals and longterm career growth.
Develop a structured approach for staff learning and development, aligned with competency framework and succession planning.
Build capacity within the team and provide mentorship to meet individual needs.
Leverage the expertise of all team members for successful outcomes. encourage open communication and collaboration and facilitate new ways of doing things.
Promote the sharing of knowledge and information within the team to scale best practices.

Selection Criteria

Master's degree (e.g., Finance, Accounting, Business, Economics, etc.) with substantial professional experience of 10+ years in positions of increasing complexity and responsibility.
Recognized professio