Accounting Officer - Washington, United States - World Bank Group

World Bank Group

Verified Company

Washington, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Job #:

- req27077
Organization:

World Bank
Sector:
Finance & Accounting
Grade:
GF
Term Duration:
3 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):

Closing Date:

5/6/2024 (MM/DD/YYYY) at 11:59pm UTC
Description

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 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.

WFA mandate also supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture.

Organizationally, WFA is comprised of three departments: (1) Corporate Accounting & reporting, (2) Trust funds and Loans (3) Financial Operations.

WFA's Payroll, Accounts receivable, and Tax Division (WFAPT), part of the Financial Operations Department, is responsible for recording and reporting the World Bank 's administrative expenses, such as payroll, accounts receivable, and tax allowance.

WFAPT also provides strategic leadership and guidance to business units across the World Bank on developing and maintaining an effective system of an effective system of internal controls over processing and reporting administrative expenses.

The team is located in Washington DC and Chennai.

WFAPT is currently seeking an Accounting Officer for its team in Washington, DC.

How your contributions will help us achieve our goals:

The Accounting Officer plays a significant role in leading and undertaking the Payroll and Accounts Receivable activities for the WB.

You will collaborate with the Payroll and Accounts Receivable leads in Chennai to jointly deliver the work program activities of the functions.

You will also play a key role in administering WBG policies concerning payroll, accounts receivable and related revenues, which includes timely and accurate reporting of transactions and balances.

You will also perform a variety of broad responsibilities of the division, including analyzing a diverse and dynamic range of issues and designing and implementing business process and system improvements.

As an Accounting Officer, you will report to the Division Manager.

What you will do:

Technical leadership, reporting, and control environment:

Lead and undertake accounting processes in the Payroll and Accounts Receivable areas
Lead internal control activities for Payroll and Accounts Receivable, including the annual Internal Controls over Financial Reporting (ICFR) review
Play a key role in engaging with stakeholders on accounting policies, financial reporting, internal control, and business matters
Manage timely and accurate completion of periodic trial balances and yearend activities
Provide data analysis and reporting, as required
Partner with the Payroll and Accounts Receivable teams in Chennai, on the execution of work program activities
Periodically execute Business Continuity Plan procedures for Payroll and Accounts Receivable processes
Lead divisional and departmental projects and activities
Participate in internal and external audits and provide support for compliance attestations and other assessments
Provide direction and training to junior staff members, serve as a source of help for inquiries

AR Transformation, Project management, Stakeholder collaboration:

Lead and contribute to transformation of accounts receivable function and ERP implementation
Manage project deliverables for Payroll and Accounts receivable projects and system improvements implementation
Collaborate effectively with key stakeholders within the organization
People and Culture (PAC), Treasury, Information & Technology Solutions (ITS), Budget, Performance Review and Strategic Planning (BPS), Operational units, and WB staff
Identify opportunities to continuously improve and provide innovative solutions.

Selection Criteria

What you will bring:

Education and Experience:

Professional accounting qualification (ACA / ACCA / CPA or equivalent)
Bachelor's or Master's degree in Finance, Accounting, or other relevant discipline with minimum of 5 years of relevant work experience
Experience with a financial institution or a Big 4 accounting firm is a plus

Knowledge and Skills:

Fundamental Controllership Knowledge: Has a strong understanding of general accounting principles, financial concepts and transaction processes
Business Processes: Has an expert understanding of business processes and systems (preferably PeopleSoft and/or SAP) to lead the analysis, enhance internal controls, and implement changes
Accounting Policy: Solid understanding of US Generally Accepted Account