Duties and Accountabilities

1. Resource Management
   • Oversee planning, allocation and utilization of IFC’s budget resources and ensure alignment between strategy and resources. This includes leading IFC’s annual business plan and budgeting process, monitoring and reporting on expenses to draw insights and ensuring proper control and oversight of IFC’s total resources ($2.1 billion for fiscal year 2025) in support of strategic objectives.
   • Direct the design and implementation of business finance policies and procedures, ensuring a consistent approach across IFC.
   • Steer regular monitoring and evaluation of IFC’s budget performance to ensure appropriate fiduciary care is exercised for all IFC’s budget resources.
   • Establish and maintain appropriate financial controls in line with WBG and IFC-specific corporate standards, policies and procedures.
   • Advocate for and drive operational excellence and efficiency across all department functions and services, promoting transparency, consistency, simplicity, innovation, standardization, and automation while providing high-quality services to internal clients.
   • Drive the implementation of the one WBG global real estate and facilities management standards, including workplace and space standards, policies, and processes.
   • Ensure that the real estate strategy aligns with and supports IFC’s strategic business direction and global footprint goals in close collaboration with senior leadership and business operations
   • In partnership with IBRD counterparts, oversee ongoing management of IFC’s facilities portfolio in a safe, healthy, secure, sustainable, efficient, and cost-effective manner. Ensure sustainability considerations are integrated into every aspect of IFC’s global real estate portfolio.
   • Oversee the IFC procurement and administration functions in close collaboration with IBRD counterparts.
2. People/Talent Management
   • Manage the department staff and consultants, including recruitment, performance evaluations, mentoring, coaching and career development.
   • Deploy and integrate CBA staff and resources across HQ and the region to maximize efficiency and effectiveness, with a focus on consistency of quality and timeliness of service.
3. Business Partnership/Relationship Management
   • Build and maintain strong links and trust at all levels within and across IFC and relevant units in IBRD/IDA and MIGA to drive results.
   • Manage relationships and regular reporting to the Board, Budget Committee and other Committees where applicable.
4. Knowledge Management  
   • Develop, capture and disseminate applicable best practices across IFC.

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Selection Criteria for Director of Budget and Business Administration

• Master’s degree in Business Administration, Finance or other relevant discipline with a minimum of 15 years’ experience, or equivalent combination of education and experience of progressively senior experience in Budget Administration and Finance.
• Excellent knowledge and sophisticated understanding of budgeting concepts including budget formulation, expense monitoring, and fundamental financial/expense controls.
• Substantive experience in a senior managerial finance position. Proven ability to set strategic direction and enact change.
• Proven ability to recruit, develop and retain high potential talent.
• Strong record of leadership and empowering and delegating to managers and teams. A “natural” at mentoring and coaching on key development needs.
• Genuinely collaborative with a proven ability to build effective partnerships with senior leaders.
• Superior skills in reporting to Board-level stakeholders and providing robust analysis and insights.
• Comfortable dealing with external auditors and equivalents.
• Strong track record of driving innovation, simplicity, and efficiencies and enhancing performance using technology, process improvements, training and other tools.
• Given IFC’s global scope, international experience in at least one other geographic area as an indication of global orientation is advantageous.
  

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