Details
The deadline For Associate Financial Operations Officer application at World bank is 17 October 2023.
Associate Financial Operations Officer position is based in HQ and reports to the Head of the CNTTR team. This position will provide technical guidance to support processing and accounting operations of IFC cash activities such as bank reconciliation and investigation. This position requires good knowledge of treasury products, loans, equity, accounting, as well as proficiency in handling multiple systems relevant to CNTTR’s businesses. The suitable candidate will have a good understanding of controls and their application to the cash administration processes. The selected candidate will be required to work across the various team functions and become a fully functional team member within a short timeframe. The position requires the ability to establish productive relationships with staff at all levels within the team and with all units of the Corporation.
The Quality Assurance team within CNTTR is seeking an Associate Financial Operations Officer to provide strategic and tactical support for the Cash administration activities and will be responsible for proactively advising on cash processing operations, technical accounting, metrics and controls, data mining and analysis, operational risk management, financial reporting, technology/automation development and knowledge/learning.
Duties & Responsibilities for Associate Financial Operations Officer
Certainly, here are the key points from the provided text:
- Provide guidance and advice to internal and external parties for accurate and complete processing and accounting of IFC cash activities.
- Contribute to and oversee the timely and accurate monthly close process, including preparing reports and adjusting entries in the accounting system.
- Monitor day-to-day payment flows and transactions for all IFC cash accounts.
- Manage and investigate unidentified funds in collaboration with IFC business units and correspondent banks.
- Review overdraft reporting and bank charges analyses.
- Handle incoming SWIFT inquiries and respond in a timely and professional manner.
- Demonstrate expertise in the cash system’s functionalities, setup, and maintenance.
- Build and maintain relationships with internal and external partners, including banking institutions.
- Contribute to audits conducted by the Corporation’s internal and external auditors.
- Document and maintain processes, controls, and checks for cash processing and accounting.
- Act as a backup in the absence of other CNTTR staff.
Selection Criteria in Associate Financial Operations Officer:
- Master’s degree(s) in Accounting, Finance or Business Administration and a minimum of 5 years relevant experience in accounting, cash administration, investigation, client service, banking administration, or equivalent combination of education and experience.
- CPA/CA/ACCA and/or CFA preferred.
- Good knowledge of treasury, loan or equity product operations and accounting.
- Good knowledge of cash administration controls and reporting.
- Good knowledge of Quantum (a cash system), Summit (a treasury system), SWIFT (a payment and messaging system), and SAP (an accounting system) are a distinct advantage.
- Ability to contribute to team performance with strong interpersonal and communication skills.
- Highly disciplined and team- oriented individual with strong analytical and problem-solving skills.
- A positive and self-starter attitude (motivation, drive, initiative); and ability to work in a team-oriented, and multi-cultural environment.
- Fluency in written and spoken English is required.
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Controllers Department Competencies
• Client Understanding and Advising: This role involves advising clients on addressing current and future needs, considering underlying issues, collaborating across departments to define client needs, and suggesting solutions. It also includes providing valuable recommendations to various departments to enhance customer value beyond standard offerings.
• Broad Business Thinking: Maintains an in-depth understanding of key business issues. Sets clear explanations for the integration and alignment of CNT solutions with business functions. PLUS: consider WBG wide implications in decision making to ensure consistency across WBG. Sponsors long-term VPU-wide initiatives.
• Information Technology and Systems: Demonstrates understanding of the functions and operations of pertinent IT systems and applications. Provides inputs to IT system enhancement efforts based on day to day working experience and knowledge of the systems.
• Analytical Thinking: Coordinates the information gathering and reporting process. Reviews trends and compares to expectations. Conducts analysis to define problems and prepares responses to anticipated questions.
• Policies and Procedures: Demonstrates thorough knowledge of policies and procedures in related fields.
• Risks and Controls: Leads by example and serves as best practice champions in completing internal control procedures, including understanding impact beyond own immediate functional areas.
• Communication: Adapts the communication style appropriate for the intended audience. Adopts an inclusive approach to communication as is appropriate to the situation, so as to ensure adequate stakeholder participation. Presents information effectively and encourage feedback.
• Project Management: Understands and utilizes the concepts of project management, as they relate to implementation of a project.
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Specifications
| Type of Opportunity | General Job |
|---|---|
| Deadline | Ongoing |
| Deadline | 17 November,2023 |
| Country | USA |
| Company Name | The World Bank |
| City | Washington, DC, |
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