Job Description

E T Temporary

Job #:

req33786

Organization:

World Bank

Sector:

Finance & Accounting

Grade:

ET4

Term Duration:

1 year 0 months

Recruitment Type:

Local Recruitment

Location:

Chennai,India

Required Language(s):

English

Preferred Language(s):

Closing Date:

7/25/2025 (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.

Unit Overview :

Within WFA, the Loan Accounting Division (WFALA) directly supports the quarterly and annual year end audits, day to day accounting, management reporting and the design and implementation of new products related to the IBRD & IDA loan portfolios.

The division is accountable for the accuracy and completeness of the day-to-day accounting and reporting of the IBRD and IDA loan portfolios. This involves overseeing processes which generate accounting at the transactional and portfolio level, overseeing quarterly and fiscal loan ledger closings, and directly supporting the IBRD/IDA external audits. The division is also a key upstream provider of loan portfolio data, analyses and reports to other downstream reporting and corporate finance units who consume this information in their quarterly/fiscal year end activities.

The division is also responsible for servicing IBRD and IDA borrowers' debt repayments, monitoring repayment status, management reporting, and engaging with Bank operational teams to facilitate timely repayments.

Our division is heavily involved in the full lifecycle of new loan product development across the Bank by supporting upstream design and feasibility, to downstream implementation and stabilization. The team plays a pivotal role related to most initiatives related to the loan and guarantees portfolios.
The division is also a main focal point for addressing and researching queries from Senior Management related to the IBRD and IDA loan portfolios.


The loan accounting division is heavily engaged in new product development at the Bank, participating in the end-to-end lifecycle from initial design and feasibility to implementation and stabilization phases - and often leads some phases within the lifecycle.

The team is spread across three locations: Washington, Chennai and Manila.

WFALA is currently seeking a Extended Term Temporary (ETT) who will be based in Chennai and report to the Senior Financial Officer in Chennai.

How your contributions will help us achieve our goals:

The Extended Term Temporary (ETT) will be responsible for accounting and reporting functions for loans business of the Bank. You will play a key role in carrying out the day-to-day activities and respond to queries/requests on loan information. You are expected to contribute to continuous improvement and process enhancement initiatives. You are also expected to work with the external auditors by providing supporting documentation and monitor exception reports and resolve inconsistencies, if any.

What you will do:

Ensure the accuracy, appropriateness, completeness and control of information for the Loan portfolio:Carry out day-to-day accounting and reporting functions involving Loan master data initiation and maintenance, loan life cycle accounting, management and financial reporting, stakeholder query handling, within the ambit of Loan accounting / policies / procedures and agreed Service Level Agreement (SLA) parameters Monitor and resolve inconsistencies in master data /general ledger using exception reports Perform periodic reviews of the financial results of the loan portfolio to identify trends and significant changes to assess the reasonableness of account balances leading to a sign off on the data/information Provide information in the form of metrics / charts on certain financial accounting activities to be included in overall departmental operations report

Client & Stakeholder support for IBRD/IDA Loan portfolio:Assist external auditors by providing the required supporting documentation in support of financial statements, in coordination with various Country Offices, within the agreed service level agreement (SLA) parameters Respond to questions/requests on loan information from period activity or financial reporting requirements

Process improvements & automation projects:Contribute to the continuous improvements and process enhancement initiatives surrounding Loan processes aimed at simplification and/or enhancements to process quality and controls Provide inputs and actively participate in various institutional projects.

Selection Criteria

What you will bring:

Education & Experience:

Chartered Accountant Bachelors in Finance, Accounting or relevant discipline. Minimum 0-1 year post qualification experience. Exposure to an integrated accounting system would be highly desirable.

Knowledge and Skills:

Attention to detail and numerical accuracy while managing multiple tasks and projects. Good written and oral language skills in English. Strong computer skills, and basic understanding of information systems and the application of newer technologies.

Abilities:

Good team player, with a strong client and results orientation, capable of working within a multicultural environment, with minimum supervision. Ability to deal with rapidly shifting priorities and work demands, and willingness to learn new skills and seek help from colleagues.

WBG Culture Attributes:

1. Sense of Urgency - Anticipating and quickly reacting to the needs of internal and external stakeholders.

2. Thoughtful Risk Taking - Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.

3. Empowerment and Accountability - Engaging with others in an empowered and accountable manner for impactful results.


World Bank Group Core Competencies

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.

Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.