The Accounting Officer Internship  will serve as a specialist, primarily to handle the tax allowance/tax supplement and other tax activities within the team in close coordination with the Tax team in Chennai, as well as design and implement tax processes and system improvements.  The position interacts extensively with the People and Culture (PaC), Legal, Pension, WB country offices, and the Information and Technology Solution (ITS) teams.     

Rules and Responsibility

1. Technical leadership, client services and project management
   • Research country tax laws and evaluate the applicable agreements between the member countries and WB to determine tax implications on WB compensation.
   • Work with stakeholders, i.e., Legal, PaC , and Country Offices, along with external counsel and international accounting firms to analyze complex tax issues and identify solutions.  Identify tax implications arising from new WB initiatives.
   • Work with ITS to lead the design and development of system enhancements to deliver robust technology solutions.
   • Collaborate with the Tax team in Chennai in administering the US tax allowance program and periodically executing the Business Continuity Plan procedures.
   • Support the Tax Supplement program which includes research country tax laws and determine tax implication on WB pension as well as processing the tax supplement payments.
   • Mentor junior staff and provide input to the Team Lead to help optimize processing standards and enhance productivity and client service.
2. Business advisory, data analysis and reporting:
   • Serve as functional expert with respect to complex tax issues.
   • Analyze tax data, identify solutions, and present findings that balance client needs with division and institutional requirements for complex cases and issues.
   • Analyze tax accounting data to ensure integrity of the WB’s financial records.
   • Develop tax allowance procedures, and design and deliver training material for staff impacted by tax law changes or new software.
   • Support the analysis of risk, efficiency, productivity, and cost-effectiveness through the development of key performance indicators for the Tax team.
   • Provide advice and support to business partners and staff members on the WB tax allowance policies and its applications.

Check: Y+ Global Board Member – Call for Applications

Selection Criteria for Accounting Officer Internship

1. Education & Experience:
   • Professional accounting qualification (E.g., CA, CPA, ACCA or equivalents)
   • Enrolled Agent certification is desirable
   • Bachelor’s or Master’s degree in Accounting, Finance, or Taxation
   • Minimum of 8 years of relevant work experience
   • Relevant experience: preparation and review of individual tax returns and gross-up/tax equalization calculations for US/Non-US assignees of multinational corporations/organizations, preferably in a Big 4 accounting firm.
   • Project management and systems implementation experience is desirable.
2. Knowledge, Skills, and Abilities:
   • In depth knowledge of US individual income tax regulations, including pension distributions; non-US individual income taxation, especially in research of country tax laws and tax treaties together with the analysis of tax implications of certain income items and pension distributions.
   • Strong knowledge and proven experience in tax calculations and the impact of different calculation elements on final tax results; .
   • Demonstrated ability to learn and apply new technology effectively. Solid experience in system development projects is a plus.
   • Ability to analyze tax and accounting data structures, identifying data inter-relationships and recommending improvements to procedures, systems, and controls.
   • Excellent judgment and strong communication skills.
   • Strong interpersonal skills and ability to work effectively in a multi-cultural environment.