Associate Finance Officer

Associate Finance Officer

Job #:
req30613
Organization:
IFC
Sector:
Finance & Accounting
Grade:
GF
Term Duration:
3 years 0 months
Recruitment Type:
Local Recruitment
Location:
Bangkok,Thailand
Required Language(s):
English
Preferred Language(s):

Closing Date:
12/11/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

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. For more information, visit www.ifc.org.

IFC's Budget & Administration Department (CBA) is part of the Corporate Support Vice Presidency (COSVP) and plays a significant role in achieving IFC's mission. Department responsibilities include business planning formulation, budgeting, investment and advisory support, reporting & analytics, administration, procurement, facilities management, and global security among others. CBA has the mandate to connect the dots across the organization and bring insight and consistency to IFC's resource management. Functionally, CBA covers the following areas relative to IFC:

• Total Resource Management including responsibility for the annual Budget Paper
• Budget Systems, Reporting & Analytics
• Real Estate, Facilities & Operations Procurement
• Global Security

CBA's service delivery model is intended to deliver higher value for money with more efficient, effective, and professional business finance services to enable sustained business success through effectively supporting delivery of the IFC's strategy. It also focuses on improving governance to enable better oversight of what and how administrative services are provided and continuing to strengthen the Finance professional workforce with up-to-date skills, knowledge, and experience.

The business-finance service delivery model has the following core roles designed to provide high-quality, relevant and consistent services:
• Business Partners (client facing): embedded partners focused on decision support and performance oversight leveraged on a strong understanding of business
• Centers of Expertise: providing thought-leadership, reporting and analytics, designing business finance policies, practices, and coordinating business finance knowledge management

The Finance Unit (CBAAP) for the Asia Pacific Region (CAP) is responsible for budgeting, financial reporting and resource management for all offices in the CAP Region. Overall, CBAAP maintains cost efficiency and effective controls over all financial transactions and provides support for effective management of resources.

Within the CBAAP unit, CBA is seeking an Associate Finance Officer for the CAP region. The role provides analytical support to CAP Management and reports to the Senior Finance Officer, CBAEA
The position will be located in Bangkok, with responsibility for the Thailand and Myanmar offices.

Duties and Accountabilities:
The Associate Finance Officer will be responsible for day-to-day CBAAP operations in Bangkok and Yangon, leading and managing CBA staff in Bangkok, and the Primary Budget coordinator for the Department(s) assigned. Responsibilities include:

1. Country Management and Operational Support (Thailand and Myanmar)
• Supervise CBAAP staff in Bangkok and provide day-to-day guidance to the country office staff on finance processes. Ensure WBG/IFC accounting and administrative policies and procedures are communicated and followed by staff.
• Support the Country Manager(s) on country office budget formulation exercises.
• Prepare ad hoc analysis as requested or proactively as deemed useful to clients, e.g., country leadership, regional anchors, etc.
• Work closely with the Country Managers/Directors to ensure a strong control environment in the office, providing advice on control issues and sharing recommendations for improvement.
• Ensure that audit, quality assurance review and IRI recommendations are implemented in the offices.
• Work closely with CBAFM to drive timely completion of capital budgeting, planning and execution of facilities activities in Bangkok and Yangon.
• Work closely with IBRD on common areas to bring about consistency and enhance collaboration.
• Drive and support improvement in processes and procedures to simplify, automate, innovate and eliminate where possible.
• Be an active member of CBAAP Finance team and contribute to HQ/regional initiatives.

2. Budget & Resource Management
• Responsible for Departmental total resources and budget management across all sources of funds (for assigned Departments). Guide management in making resource allocation decisions, and lead forecasts process.
• Liaise with Department Director and respective business line managers including Advisory and Upstream project business Partners.
• Provide value-added services and guidance to clients on resource utilization that aligns with business strategies and priorities.
• Implement and maintain adequate financial control systems over financial transactions and business operations, including periodic expense reviews monitoring of non-eligible expenses for reposting to appropriate sources of funds.
• Within the SAP framework, take initiative to improve process and approaches, demonstrating adaptability to changing priorities and demonstrating innovative technical leadership.

3. Financial Reports, Analytics and Business Intelligence
• Collaborate with CBAAP Finance Team to follow consistent corporate level best practices and guidelines in reporting analytics, forecasting and business intelligence.
• Prepare monthly total resources and budget reports for Country Managers and Directors.
• Prepare monthly forecast as needed, integrate all sources of funds, and update systems in BPC.
• Work closely with CBARE on office ecology and other footprint analytics.
• Actively participate in corporate-level initiatives to improve processes and data quality and enhance necessary data and reporting systems in place.
• Prepare ad-hoc analysis as requested or proactively as may deem useful to clients.
• Provide guidance, trainings, and knowledge sharing to new or junior staff.

4. Team Management
• Lead and manage the Finance Assistant in Bangkok and ensure CBA support in the most effective and efficient manner adapting and aligning to the desired CBA culture.
• Keep abreast of changes in corporate policies and strategic priorities and translate into them into practical and technical guidance to the team.
• Play a key role in building strong collaborative relationships with operations and other support functions.

Selection Criteria

• Master's degree in business administration (MBA), finance, accounting, or relevant fields with 4-8 years of experience. Professional accreditation will be an added advantage.
• Sound knowledge and understanding of accounting theory, concepts and principles, combined with proven practical skills in financial accounting reporting, business planning, work programming, budgeting, financial management, audit
• Excellent professional judgment
• People management skills, with ability to lead, coach, mentor and develop subordinate staff
• Strong working knowledge of standard Microsoft Office applications: Excel, PowerPoint and Word.
• Strong conceptual, analytical, problem solving and evaluation skills
• Ability to conduct independent research and analysis, identify issues, formulate options, draw conclusions, submit recommendations, and convince others on course of action
• Outstanding communication skills (in English) with the ability to communicate and present complex subjects clearly and concisely
• Strong interpersonal skills
• Prior experience in ERP applications (SAP) a significant advantage
• Knowledge of Donor Funded Operations and/or WBG policies an added advantage

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.