Finance Analyst

Job #:
req30009
Organization:
World Bank
Sector:
Resource Management
Grade:
GE
Term Duration:
3 years 0 months
Recruitment Type:
Local Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):

Closing Date:
11/12/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. 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. Visit www.worldbank.org.

Vice-Presidency Context

The Budget, Performance Review, and Strategic Planning (BPS) VPU is mandated with overseeing the resource management and corporate procurement function of the World Bank. The purpose of the VPU is to deliver high value for money with efficient, effective, and professional finance and resource management services to help drive sustained business success through delivery of the WBG strategy. At the same time, it is focusing on improving governance to enable better oversight of what and how services are provided and continuing to strengthen its professional workforce with up-to-date skills, knowledge, and experience.

BPS is organized into four departments under a Vice President: (1) BPS Corporate Units (BPSCU) - supporting Institutional, Governance and Administrative Units, Capital Budget and providing BPS systems, knowledge, data governance and the service center; (2) BPS Operations Units (BPSOU) - supporting Practice Groups and Regions (3) BPS Strategic Planning (BPSSP) - supporting the corporate strategic business and budget planning process; and (4) BPS Corporate Procurement (BPSCP) with teams responsible for coordinating and overseeing the sourcing strategy, selection, contract execution, and vendor management across the globe.

BPS has a service delivery model with three core roles:
• Business Partners (client facing): embedded partners focused on decision support and performance oversight with strong understanding of the business.
• Centers of Expertise (COE): providing thought leadership and analytics, designing business finance policies, practices, and coordinating business finance knowledge management; and
• Service Center: central unit to manage delivery of high volume and transactional and reporting services across the Bank, including help desk support to clients.

Hiring Units Context

BPS is now seeking to recruit three Finance Analysts (FAs) to help drive, support, and implement the BPS Service Delivery model. Note additional GE vacancies for these or other (non-listed units) may be included should the business need arise in the short term:

Current open positions are in the following units:

1. BPSSO - BPS Solutions Unit (Center of Expertise) leads the BPS digitalization and data governance agenda. BPSSO is one of BPS’s Centers of Expertise whose purpose is to provide excellent, sustainable, and valued data, knowledge, processing, reporting and systems solutions to enable BPS and its clients determine and manage budget-related resources efficiently and effectively, in full compliance with applicable policy and regulatory requirements.

2. BPSEL - Unit serving the Equitable Growth, Finance, and Institutions Practice Group and the Latin America and Caribbean Region. Within the role of Business Partner, this Unit has as their main business objective to assist their clients to deliver their work programs with the funding sources available to them including, where applicable, bank budget and external funds. This includes providing quality business planning, budgeting, and monitoring services to several vice presidencies/directorate clients and contributes to achieving the overall budget effectiveness and efficiency objectives of the World Bank Group.

The selected candidates are expected to be excellent team players, comfortable working with large datasets with extensive data modeling skills, preferably with finance/accounting/economics background/ experience with strong analytical skills, and knowledge in one or more of the key functional areas that BPS supports. As with all other BPS staff, Finance Analysts are expected to be fungible and able to work across different assignments over time depending on business needs and professional development objectives.

Duties and Responsibilities

Finance Analysts are expected to be specialists in business finance analytics, controls, processes and data management, and able to support decision-making through the provision of timely, fit for purpose information on the management of financial resources across all funding sources. In line with the competencies listed below, Finance Analysts are expected to be experts in the day-to-day maintenance of the core budget systems, processes, and disciplines, with advanced knowledge of budget policies, SAP and the Bank’s core reporting and data mining tools.

Finance Analysts are also expected to be able to work directly with client management as business partners. The job holder will have specific accountabilities consistent with the grade and the generic finance responsibilities mentioned above. These will be determined in relation to a specific work assignment and articulated in annual objectives prior to the start of each fiscal year.

Selection Criteria

• Minimum Education consisting of a Bachelor’s Degree in Accounting, Business, Finance, or other relevant discipline required to fulfill position specific requirements (e.g. Economics, Public Administration, Information Systems, etc.) OR non-relevant Bachelor’s Degree plus one of the following: (1) CIMA Advanced Diploma in Management Accounting; or (2) ACCA Advanced Diploma in Accounting and Business; or (3) equivalent country-level Accounting certificate.
• Minimum of two years of relevant experience in a comparable accounting or finance-oriented role.
• Advanced working knowledge of budget/finance systems and reports, particularly SAP, Power BI, BW/AO and BPC and/or demonstrated experience with major systems for financial/budget management.
• Track record of su