Job Description

IFC-a member of the World Bank Group-is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit

The IFC's Controllers Department is responsible for effectively and efficiently managing IFC's Financial Operations (loan, equity and short-term finance operations, and back-office treasury support operations), Financial Reporting (including reporting and analysis, portfolio review, investment accounting and accounting policy), Internal Controls, and Financial Systems, Integration and Projects. The Department comprises approximately 125 diverse and highly skilled staff, based in Washington DC, and Chennai.

The Financial Operations unit (CNTFO) within the IFC Controllers Department has overall responsibility for recording, servicing, and providing post-commitment support for the private sector loan, guarantee, short term finance products and programs, and the equity investments of the International Finance Corporation, and has several units that deliver this work, namely Loan Operations Team (CNTLO), Equity and Custody Operations Team (CNTEC) and Quality Assurance Team (CNTQA).

CNTFO provides financial operations support and services to the IFC Investment Departments, counterparts, internal and external financial and investment reporting units, syndication and treasury units, and portfolio management units, in the administration and management of all IFC Loan, Guarantee, Equity, and Development-Partner-Trust Funds financial operations. CNTLO administers and manages all IFC loan financial operations which includes processing and monitoring transactions such as straight senior loans, syndications, bonds, guarantees risk participation and donor funded investments. CNTEC provides customer services to the investment departments and external clients through the servicing and accounting of IFC's equity investments. CNTQA is responsible for quality control over the recording of loan and equity transactions, through data mining and analysis, review of metrics and controls, and coordination across units to address data quality and control gaps.
The units ensure that loan and guarantee agreements, equity investments, and Development-Partners-trust-fund investments are recorded accurately and timely in the Corporation's systems of record and general ledger. The units play a key role in the decision-making for, and implementation of, IT systems and upgrades, as well as in the implementation of new initiatives and financial products to ensure that data is recorded accurately and timely.

CNTFO has co-located some aspects of its work program to IFC's Chennai Office (CNTCO), who have recruited staff in the IFC Financial Operations Support team (CNTFC) to deliver this work program. The team provides support and interacts with IFC colleagues in Washington on a day-to-day basis. The Financial Analyst shall interact extensively with internal partners, such as Loan Operations counterparts, Trust Funds Middle Office, IT teams, Cash Settlement unit, and IFC Financial Reporting team. The Financial Analyst will report to the Team Lead of CNTFC Loan & Equity unit in Chennai. The individual must be a self-starter in identifying and undertaking projects or initiatives

Duties & Responsibilities:

The Financial Analyst is a key member of the team, providing operational and administrative support for the IFC's Loans and Equity operations. This role requires frequent interaction with internal counterparts in CNT, Treasury, Investment operations team, Syndications team, Internal Controls, and the external auditors.

• Review of project agreements to ensure accurate booking of product commitments in IFC systems
• Review of Donor Trust Fund Investment (DTFI) agreements and ensuring that all Master Data set-up is executed properly in IFC systems
• Manage GL Accounts configuration and Event set-up administration in DTFI system.
• Process disbursements for regular loans, other debt products, Short Term finance products, TF guarantee claims, TF rebate payouts, TF Equity
• Portfolio supervision pertaining to DTFI Risk Sharing Facilities, Guarantees, and Equities
• Participate in execution of end-to-end DTFI processes and ensure effective communication and coordination with all related parties
• Monitor daily donor bank account movements and accurate timely transaction processing and reconciliation in Quantum for DTFI, and perform monthly interest calculation and posting for individual Donor sub accounts
• Settling of client's payments related to loans, guarantees, short term finance, risk sharing facilities, blended finance facilities and other debt instruments.
• Process wire transfer for regular reflows of loan principal and income to the IFC's donor participants
• Ensure accurate and timely posting of transactions in ACBS and Investran for Loans, Guarantees, Donor funded activities and equities.
• Execute monitoring, reconciliation, compliance, and periodic reporting of Donor-Trust-Fund-Investments (DTFI), Risk sharing facilities, MCPP and Blended finance facilities.
• Support in preparation of Year-end Financial statements, Annual reporting, GL analysis, and closing for DTFIs in IFC systems
• Support a wide range of new product initiatives by assessing and advising on impact of such initiatives on processes in close coordination with CNTLO/EC Quality Assurance team, IT support team, and Investment operations team.
• Reconcile and articulate accounting issues related to ACBS transaction postings, SAP and ODS
• Support department's various existing and future business automations, transformations, and big-ticket institutional projects like loan system replacement, Quantum Upgrade, Investran Upgrade in close coordination with HQ counterparts, different stakeholders, and the IT support teams
• Participate in development, testing and implementation of new and enhanced processes to accommodate the transition of the IFC Loan portfolio from LIBOR to SOFR
• Provide guidance to internal and external clients regarding transaction processes, procedures and IFC's corporate policies under all aspects of Loans, Guarantees, Donor Trust Funds Investments (DTFI) functions and Risk Sharing Facilities
• Provide backup coverage during peak volume periods.

Selection Criteria

• Master's Degree preferably with a major in business administration, accounting, finance, or international trade finance.
• Accounting Certification such as CA or CPA would be a plus.
• Minimum 3 years' experience in related fields with a public/private financial institution.
• Knowledge of IFC systems, procedures and policies shall be advantageous. (IFC uses SAP, Investran, Quantum, I-Portal).
• Ability to contribute to team performance with strong interpersonal and communication skills with attention to details.
• Dedicated teammate with excellent organization skills and ability to interact tactfully and professionally with clients and staff at all levels.
• Ability to deliver quality results under pressure, and with limited direct supervision.
• Excellent problem solving and analytical skills.
• Solid skills and knowledge of the latest information and office technology, and relevant business tools. Highest ethical and business conduct standards.
• Fluency in written and spoken English required. Fluency in another WBG working language a plus.

Controllers Department Competencies

• Client Understanding and Advising: Advises the clients and helps them think proactively about how to best meet their current and future needs, taking into considerations the real underlying issues. Works across CNT and with other VPUs to define client needs and develop the right solutions to meet those needs. PLUS: Provides recommendations to multiple VPUs that can add value to customers beyond normal 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.

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.

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