Senior Accounting Assistant
Senior Accounting Assistant
Job #: req28677 Organization: World Bank Sector: Finance & Accounting Grade: GD Term Duration: 4 years 0 months Recruitment Type: Local Recruitment Location: Chennai,India English Preferred Language(s): Closing Date: 8/9/2024 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to join us to help our clients solve their greatest development challenges. The World Bank (WB) is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions (IBRD, IDA, IFC, MIGA, and ICSID) dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.
The WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of the WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB’s corporate expenses. Organizationally, WFA is comprised of three departments: (1) Corporate Accounting and Reporting, (2) Trust Funds and Loans, and (3) Financial Controls. In WFA, our mandate supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture.
WFA’s WFAPA- Accounts Receivable, Payroll and Tax division (WFAPT in HQ and WFAPA in Chennai), part of the Financial Controls Department, is responsible for ensuring that (i) accounts receivable are recorded, monitored, and collected in a timely and efficient manner, (ii) salary and benefit payments to the WBG staff are processed in a timely and efficient manner, and (iii) tax allowances to the WBG staff and retirees are processed in a timely and efficient manner. It also provides strategic leadership and guidance to business units across the WBG on developing and maintaining an effective system of internal controls over AR, payroll, and tax.
The WFAPA is currently seeking a Senior Accounting Assistant for its Accounts Receivable team in Chennai. The Accounts Receivable Portfolio consists of External Receivables (ERS) such as Reimbursable Advisory Services (RAS), Externally Financed Output (EFO) etc., Internal Receivables, and Staff Receivables (SRS). The team is also responsible for monitoring and managing accounting activities of the Admin Revenue area.
How your contributions will help us achieve our goals
The Senior Accounting Assistant will partake in multiple areas of responsibilities which include administration of the Direct deposit function to enable the smooth flow of process. The Senior Accounting Assistant will assist the team to complete the defined tasks within the prescribed time frame and procedures. The Senior Accounting Assistant will also coordinate with HR/ Treasury/Information and Technology Solutions Group (ITS) based on the process requirements.
The Senior Accounting Assistant will report to the Accounting Officer.
What you will do:
• Administer the direct deposit (DD) requests for HQ staff and country office staff where Global Payments (GPP) has been implemented. This includes, but is not limited to, review, verification, and analysis of banking details for accuracy and completeness. This also includes multicurrency split payment updates to credit union for agreed country offices staff. • Respond to client inquiries effectively and resolve problems or provide alternative solutions.• Collaborate with colleagues, clients, and counterparts to resolve issues on day-to-day direct deposit requests.• Identify and participate in the design of business requirements, user testing and implementation of any new systems, applications, tools, and reports for the team, to enhance efficiency, effectiveness, and standardization.• Coordinate with HQ on Sanction Screening clearances.• Provide inputs and actively participate in initiatives to improve the process quality and process related controls.• Create process documentation and update desktop procedures. • Inform Management when there is any compromise to staff’s bank accounts resulting in deactivation of bank accounts.• Provide monthly MIS reports to the Accounting Officer.• Handle additional tasks as and when assigned.
Selection Criteria
What you will bring:
Education:
• Bachelor’s or Master’s degree in commerce.• Professional accounting qualification (Ex. CA, CPA, ACCA) - not mandatory, but is a plus.
Experience:
• Minimum of 3 years of work experience in the functional area.• Preferable: Background in financial service industry and familiarity with banking transactions, Multinational organization experience would be advantageous.• Proficiency in SAP and Microsoft Office tools.• Experience in PeopleSoft systems will be an added advantage.
Knowledge and Skills:
• Knowledge in Treasury payment system is preferable.• Deliver Results for clients - Exhibit a personality that enables the incumbent to be client-focused, flexible and an excellent team player. Ability to manage time and prioritize/execute own tasks.• Staff rules and procedures - Good knowledge of rules, policies and procedures that relate to area of work.• Communication - Strong verbal and written communication skills, including the ability to write clear, concise and complete procedures.• Analytical thinking - Good analytical skills with ability to collate and interpret data, assess issues, develop sound conclusions, formulate remedial measures with attention to detail and accuracy. • Make Smart Decisions - Excellent judgment, ability to carry out a multidimensional, multi-functional work program.• Collaboration - Ability to effectively work with various levels of staff within the department and across the institution.• Project Management - Ability to manage time and prioritize/execute own tasks.• Lead and Innovate - Proven track record of problem-solving skills in an automated accounting environment.• Digital dexterity -o Working knowledge of WBG core functional systems and processes o Good knowledge of data and analytical tools like MS-Excel, PowerBI, Tableau o Good knowledge of reporting tools such as MS PowerPoint, MS Word.o Basic understanding of process improvement techniques and tools (Lean, Six sigma) o Basic understanding of automated solutions like RPA, AI/ML etc.
Abilities:
• Strong communication skills, including the ability to explain and express views/opinions clearly and confidently.• Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.• Demonstrated ability to analyze business process requirements and translate them into design specifications for process changes and automated solutions.
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.
Job #: req28677 Organization: World Bank Sector: Finance & Accounting Grade: GD Term Duration: 4 years 0 months Recruitment Type: Local Recruitment Location: Chennai,India English Preferred Language(s): Closing Date: 8/9/2024 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to join us to help our clients solve their greatest development challenges. The World Bank (WB) is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions (IBRD, IDA, IFC, MIGA, and ICSID) dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.
The WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of the WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB’s corporate expenses. Organizationally, WFA is comprised of three departments: (1) Corporate Accounting and Reporting, (2) Trust Funds and Loans, and (3) Financial Controls. In WFA, our mandate supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture.
WFA’s WFAPA- Accounts Receivable, Payroll and Tax division (WFAPT in HQ and WFAPA in Chennai), part of the Financial Controls Department, is responsible for ensuring that (i) accounts receivable are recorded, monitored, and collected in a timely and efficient manner, (ii) salary and benefit payments to the WBG staff are processed in a timely and efficient manner, and (iii) tax allowances to the WBG staff and retirees are processed in a timely and efficient manner. It also provides strategic leadership and guidance to business units across the WBG on developing and maintaining an effective system of internal controls over AR, payroll, and tax.
The WFAPA is currently seeking a Senior Accounting Assistant for its Accounts Receivable team in Chennai. The Accounts Receivable Portfolio consists of External Receivables (ERS) such as Reimbursable Advisory Services (RAS), Externally Financed Output (EFO) etc., Internal Receivables, and Staff Receivables (SRS). The team is also responsible for monitoring and managing accounting activities of the Admin Revenue area.
How your contributions will help us achieve our goals
The Senior Accounting Assistant will partake in multiple areas of responsibilities which include administration of the Direct deposit function to enable the smooth flow of process. The Senior Accounting Assistant will assist the team to complete the defined tasks within the prescribed time frame and procedures. The Senior Accounting Assistant will also coordinate with HR/ Treasury/Information and Technology Solutions Group (ITS) based on the process requirements.
The Senior Accounting Assistant will report to the Accounting Officer.
What you will do:
• Administer the direct deposit (DD) requests for HQ staff and country office staff where Global Payments (GPP) has been implemented. This includes, but is not limited to, review, verification, and analysis of banking details for accuracy and completeness. This also includes multicurrency split payment updates to credit union for agreed country offices staff. • Respond to client inquiries effectively and resolve problems or provide alternative solutions.• Collaborate with colleagues, clients, and counterparts to resolve issues on day-to-day direct deposit requests.• Identify and participate in the design of business requirements, user testing and implementation of any new systems, applications, tools, and reports for the team, to enhance efficiency, effectiveness, and standardization.• Coordinate with HQ on Sanction Screening clearances.• Provide inputs and actively participate in initiatives to improve the process quality and process related controls.• Create process documentation and update desktop procedures. • Inform Management when there is any compromise to staff’s bank accounts resulting in deactivation of bank accounts.• Provide monthly MIS reports to the Accounting Officer.• Handle additional tasks as and when assigned.
Selection Criteria
What you will bring:
Education:
• Bachelor’s or Master’s degree in commerce.• Professional accounting qualification (Ex. CA, CPA, ACCA) - not mandatory, but is a plus.
Experience:
• Minimum of 3 years of work experience in the functional area.• Preferable: Background in financial service industry and familiarity with banking transactions, Multinational organization experience would be advantageous.• Proficiency in SAP and Microsoft Office tools.• Experience in PeopleSoft systems will be an added advantage.
Knowledge and Skills:
• Knowledge in Treasury payment system is preferable.• Deliver Results for clients - Exhibit a personality that enables the incumbent to be client-focused, flexible and an excellent team player. Ability to manage time and prioritize/execute own tasks.• Staff rules and procedures - Good knowledge of rules, policies and procedures that relate to area of work.• Communication - Strong verbal and written communication skills, including the ability to write clear, concise and complete procedures.• Analytical thinking - Good analytical skills with ability to collate and interpret data, assess issues, develop sound conclusions, formulate remedial measures with attention to detail and accuracy. • Make Smart Decisions - Excellent judgment, ability to carry out a multidimensional, multi-functional work program.• Collaboration - Ability to effectively work with various levels of staff within the department and across the institution.• Project Management - Ability to manage time and prioritize/execute own tasks.• Lead and Innovate - Proven track record of problem-solving skills in an automated accounting environment.• Digital dexterity -o Working knowledge of WBG core functional systems and processes o Good knowledge of data and analytical tools like MS-Excel, PowerBI, Tableau o Good knowledge of reporting tools such as MS PowerPoint, MS Word.o Basic understanding of process improvement techniques and tools (Lean, Six sigma) o Basic understanding of automated solutions like RPA, AI/ML etc.
Abilities:
• Strong communication skills, including the ability to explain and express views/opinions clearly and confidently.• Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.• Demonstrated ability to analyze business process requirements and translate them into design specifications for process changes and automated solutions.
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.