02 Aug
|
International Finance Corporation (IFC)
|
Chennai
02 Aug
International Finance Corporation (IFC)
Chennai
The Policy & Implementation - Investment Accounting sub team (CTRPI- IA) within the WBG Controllers (CTR) has overall responsibility for the accounting analysis, evaluation and implementation for IFC s complex loan, equity and guarantee transactions, working extensively with IFC s investment officers and other staff in CTR. This position reports directly to and assists the CTRPI-Investment Accounting Supervisor.
CTRPI- IA is seeking an ET Consultant (ETC) staff for one year to support and contribute the teams work program which includes: the accounting implementation of complex loan, equity and guarantee transactions and work extensively with Investment Officers and CTR staff.
The individual will identify transactions to be scoped in for review by the unit on a daily basis and allocate scope in transactions to the team. The individual will also assemble documents and information on projects selected for accounting review, document the fact pattern summarizing the project and investment structure and, for simple investment transactions, compare the legal agreement to the accounting standards and provide accounting conclusions relative to the applicable accounting treatment of the investment. The individual will be required to perform these duties leveraging on the A.I. tools used by the team.
The individual will have basic technical accounting knowledge of US GAAP and/or IFRS guidance for loan/equity/guarantee investments, particularly with respect to Consolidation and / or identification of Derivatives. A self-starter, the candidate will be a highly disciplined individual with excellent accounting/auditing and strong interpersonal skills. S/he must be able to gain the cooperation of technical and business staff at all levels and across departmental boundaries.
In addition, the individual must have a keen interest in technology and leveraging on A.I.
to complete the tasks assigned to them
Roles and Responsibilities The individual s responsibilities will include:
Leverage on A.I tools to identify transactions to be scoped in for review and assign these reviews to members of the unit.
On an ongoing basis, prepare and document the investment structures and background facts for scoped-in transactions and perform accounting analyses for simple investment transactions. This task should leverage use of A.I tools as much as possible.
Undertake frequent discussions with Investment Officers and Investment Accounting team members to clarify information or obtain additional information.
Participate in the continuous process improvement and efficiencies. Document and update the Investment Accounting procedures for monitoring and assessing significant influence factors, Consolidation, Debt Securities, and other related accounting areas.
Regularly share key information on processes, timelines, responsibilities, expectations and potential problems with supervisors and team members and seek their input.
Assist in various compliance testing and other compliance activities as assigned.
Perform other duties as assigned from time to time.
Bachelor s degree in accounting, finance or related field is required and preferably 2 years of relevant skilled experience. An internationally recognized professional accounting qualification (e.g. CPA, CA, ACCA or equivalent) is a plus.
Basic technical accounting knowledge of the accounting for financial instruments under US GAAP (particularly with respect to Consolidation and/or Derivatives accounting) is desirable. Relevant IFRS experience will also be considered.
Excellent writing and data analysis skills, with an ability to convey effectively and precisely key messages. Strong A.I skills and comfortable working with modern technology Strong interpersonal skills and cultural awareness. Comfortable working in pressured environment with capacity to deliver high-quality outputs and results to tight deadlines. Ability to multitask and work effectively in multidisciplinary teams. Excellent organizational, research, and analytical skills.
Experience within IFC and knowledge of its accounting systems is advantageous
1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.
As per WBG policy, an Extended Term (ET) appointment is subject to a lifetime maximum of three (3) years. Former and current ET staff who have completed or are in the process of completing their third-year ET appointment are not eligible for future ET appointments. 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.
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
📌 ET Consultant - Investment Accounting (Chennai)
🏢 International Finance Corporation (IFC)
📍 Chennai