The World Bank is currently recruiting a Senior Finance Assistant. Don’t miss out on this opportunity and apply now

Background

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.

About the world bank

The World Bank is an international financial institution that provides financial and technical assistance to developing countries for development projects. Here are some key points about the World Bank:

1. Purpose: The World Bank’s primary goal is to reduce poverty and promote sustainable development. It provides loans, grants, and expertise to help countries implement development projects and policies that address various challenges, including poverty, infrastructure gaps, education, healthcare, climate change, and more.
2. Structure: The World Bank consists of several institutions, including the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the International Finance Corporation (IFC). Each institution has a specific focus and mandate within the broader mission of the World Bank.
3. Membership: The World Bank has 189 member countries, which are represented by their respective governments. The members provide financial capital to the World Bank and have a say in its policies and decisions through their voting power in the organization.
4. Financing: The World Bank raises funds from various sources, including member country contributions, capital markets, and repayments from previous loans. It provides financial assistance to countries through loans, grants, and guarantees, with different terms and conditions depending on the specific institution and program.
5. Focus Areas: The World Bank works in various sectors to support development projects and programs. These sectors include agriculture, education, health, infrastructure, energy, environment, finance, governance, and more. The Bank focuses on both social and economic development, with an emphasis on sustainability and inclusive growth.
6. Technical Expertise: In addition to financial assistance, the World Bank provides technical expertise and knowledge to help countries design and implement effective development strategies. It conducts research, produces reports, and offers policy advice on a wide range of development topics to support evidence-based decision-making.
7. Partnerships: The World Bank collaborates with governments, international organizations, civil society, academia, and the private sector to leverage resources and expertise for development. It works in partnership with various stakeholders to coordinate efforts, share knowledge, and promote effective development practices.
8. Accountability and Evaluation: The World Bank has mechanisms in place to ensure transparency, accountability, and evaluation of its projects and programs. It has independent evaluation units that assess the effectiveness and impact of its work, and it has internal policies and safeguards to mitigate risks and promote responsible development practices.
9. Global Reach: The World Bank operates in countries around the world, providing support and assistance to both low-income and middle-income countries. Its projects and programs span across regions and continents, addressing development challenges in diverse contexts.
10. Sustainable Development Goals (SDGs): The World Bank aligns its work with the United Nations’ Sustainable Development Goals, which provide a framework for global development efforts. The Bank’s projects and programs contribute to the achievement of these goals, ranging from poverty eradication to climate action and gender equality.

Why work at the world bank

Working at the World Bank can be an attractive choice for individuals interested in international development and making a positive impact on global issues. Here are some reasons why people choose to work at the World Bank:

1. Mission and Impact: The World Bank’s mission to alleviate poverty and promote sustainable development resonates with individuals passionate about social and economic progress. Working at the World Bank allows employees to contribute to projects and initiatives that have the potential to transform lives, improve livelihoods, and drive positive change on a global scale.
2. Global Exposure and Diversity: The World Bank operates in numerous countries and engages with a diverse range of stakeholders, including governments, civil society organizations, and the private sector. This provides employees with opportunities to work in multicultural environments, collaborate with experts from different fields and backgrounds, and gain exposure to a wide array of development challenges and solutions.
3. Professional Growth and Learning: The World Bank places a strong emphasis on professional development and learning. Employees have access to a wealth of training programs, workshops, and knowledge-sharing platforms aimed at enhancing their skills, expanding their expertise, and keeping them up-to-date with the latest trends and practices in international development.
4. Collaboration and Networking: Working at the World Bank allows individuals to collaborate with colleagues and partners from around the world. The Bank fosters a culture of collaboration and knowledge-sharing, providing opportunities to connect with professionals who share a common purpose and to build networks that can have long-term career benefits.
5. Research and Innovation: The World Bank promotes evidence-based decision-making and invests in research and innovation. Employees have the chance to contribute to cutting-edge research, explore innovative approaches to development challenges, and shape policies and strategies that are grounded in rigorous analysis and evidence.
6. Work-Life Balance and Benefits: The World Bank recognizes the importance of work-life balance and offers competitive benefits and policies to support its employees. This includes flexible work arrangements, comprehensive healthcare coverage, generous leave policies, retirement plans, and support for personal and professional development.
7. Prestige and Reputation: The World Bank is widely recognized as a leading international financial institution focused on development. Working at the World Bank can provide individuals with a sense of pride and prestige, as they become part of a globally respected organization that has a strong reputation for its work and impact.
8. Challenging and Dynamic Work Environment: The World Bank operates in complex and rapidly changing development landscapes. This presents employees with intellectually stimulating and challenging work, as they tackle multifaceted issues, navigate diverse contexts, and find innovative solutions to pressing global problems.

Details to the post

Senior Finance Assistant

Job #: req27279
Organization: World Bank
Sector: Finance & Accounting
Grade: GD
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Zagreb,Croatia
Required Language(s): English
Preferred Language(s): Arabic, French, Russian, Portuguese, Spanish
Closing Date: 5/23/2024 (MM/DD/YYYY) at 11:59pm UTC

• Transaction support services:  Assist Finance Analysts with disbursement transactions, including logging withdrawal applications and setting up loans’ master data in the Bank’s system. This includes updating data for various changes such as category overdraws, Designated Account ceilings, Loan Effectiveness Conditions, loan Closing Date extensions, and reallocations of category amounts.

• Electronic banking support services: Guiding and providing technical support to borrowers for setting up e-Disbursement and Client Connection user accounts, as well as offering training on the Bank’s electronic banking platform.

• Client relationship maintenance: Serve as a solution provider for both internal and external clients, offering advice on loan portfolios and transactions matters.

• Central Services: Handle transaction processing and review work, such as Refunds and Adjustments, Special Commitment, and Trust Funds, and supports the Central WFACS-Trust Funds team on Grants implementation.

• Helpdesk support services: Act as the first point of contact for routine queries, operating the Helpdesk, and collaborating with Department’s Country Teams (comprising of Finance Officers and Finance Analysts) to guide clients.

• Data analysis and knowledge management services: Provide analytical reports to assist in decision-making and maintaining a knowledge repository for FAQs.

• Systems and applications: Work with the system teams in planning and testing application enhancements and upgrades, preparing Business Requirement Documents, and conducting user acceptance testing.

Selection Criteria

What you will bring

Education

• Minimum of 1 year of relevant work experience.
• Bachelor’s or master’s degree in a relevant discipline (such as Business Administration, Finance, Accounting)
• Professional accounting qualification (CA, CPA, ACCA or an equivalent professional accounting qualification) is a plus.

Experience:

• Minimum of 1 year of relevant work experience.
• Experience with a financial institution or an accounting firm is a plus. 
• Preferrable: Big Four or equivalent public accounting experience would be advantageous.

Language:

The ideal candidate should have advanced fluency in English and at least one of the following languages – Arabic, French, Russian, Portuguese, Russian or Spanish.  Preference will be given to candidates with fluency in [Arabic and/or Russian]. Candidates should have the ability to clearly communicate in both written and spoken forms and to conduct meetings in referenced languages. Proficiency level will be tested during the recruitment process.

Knowledge and Skills:

• Relevant knowledge of Generally Accepted Accounting Principles (GAAP), internal controls and financial management. 
• Ability to exercise professional judgment and appropriately interpret and apply operational policies, as they relate to disbursements and loan portfolio management.
• Strong quantitative skills with superior attention to detail and numerical accuracy.
• Strong analytical and conceptual skills with demonstrated ability to interpret data, assess issues, develop sound conclusions and formulate remedial measures.
• Ability to manage routine tasks, deal with rapidly shifting priorities, provide professional support to senior staff and deliver against ambitious deadlines.
• Capacity to work simultaneously, effectively, and efficiently on a variety of diverse issues and tasks, independently adjusting priorities and achieving results with agreed objectives and deadlines.
• Strong client focus including good interpersonal, diplomatic and team building skills required for building and maintaining collaborative relationships and engaging courteously with clients and team members.
• Willingness to travel and participate in short-term assignments.

Abilities:

• Strong communication skills, including the ability to explain and express views/opinions clearly and confidently.
• Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.
• Willingness to work in different time zones – Given that the division is co-located in multiple cities in different time zones and borrowers are in different countries, candidates must be willing to work in different time zones especially the US EST time zone on an ‘as-needed’ basis.

APPLY NOW

Join Our UN WhatsApp Groups for Updates

Join Our Telegram  | Follow Us On Linkedin | Also, Follow Us On Twitter. | Join Our Whatsapp Group