Job #: req8730
Organization: IFC
Sector: Budget
Grade: GG
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Nairobi,Kenya
Required Language(s): English
Preferred Language(s): French
Closing Date: 10/23/2020 (MM/DD/YYYY) at
11:59pm UTC
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 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.
The Budget and Business
Administration Department (CBA) integrates IFC corporate secretariat, financial
sustainability and resource and administration functions under one umbrella to
enable execution of management and operational needs in the best way. Aligning
IFC’s strategy and resource management capabilities and deliverables while
supporting IFC’s financial sustainability mandate is imperative for our
strategic engagements and client delivery.
Within its unit
supporting the Middle East and Africa Vice Presidency Unit (CMAVPU) of the
Operations VPU, CBA is seeking a Finance Officer for the Sub-Saharan Africa
(CAF) region. The role serves as Finance Business Partner to CAF Management and
reports to CAF Regional Financial Controller.
The selected individual
will develop, and implement approaches, reports, processes and tools to allow
the CAF finance team to maintain a high level of service capability through
coordination, integration with the CBA strategies, and standardization. He or
she will serve as a primary point of contact for the Resource Management
function in CAF.
The location and
recruitment type of this position will be in the CAF regional hub (Nairobi).
Some travel within the region may be required.
Role & Responsibilities:
CAF Region Financial
Planning and Budgeting:
Work closely with
regional management team to understand the regional/industry/country strategies
and implications for resource allocations.
Lead the regional budget formulation for
Total Resources needed to support regional activities according to work program
requirements for the region and Directors’ outlook.
In partnership with the Human Resources
function and the Budget Network, prepare staffing needs projections and
respective budget requirements for the region.
Liaise on regional budget allocations with
Directors, advising on fungibility of the various funding sources.
Work in collaboration with country
managers/officers and country office accountants to allocate country office
budgets for the Fiscal Year, balancing needs with total allocated resources.
Lead CAF Country Based Budgeting including
liaison with Regional Head of Operations and the CAF support team.
Work closely with Facilities Management to
compile the annual CAF capital budget requirement.
Resource Management
(including staffing, developmental assignments and mobility benefits):
Act as Regional focal
point for IFC systems involved into staffing planning or staff movements
process (PeopleSoft, Business Planning and Consolidation).
Ensure actual staff records and planned
positions in PeopleSoft have correct and updated budget information including
funding sources and follow governance on staff recruitment / movement processes.
Ensure accurate information is reflected
for unit staffing and budget forecast in Business Planning and Consolidation
(BPC) system.
Serve as central point for mobility
benefits budgeting and execution of ceilings in the Region.
Prepare financial planning form for staff
on Developmental Assignments (DA)/Short Term Assignments (STA) and guide staff
on payment/ reimbursement requests for DA and STA allowances & check that
payment requests are in accordance with policy.
Oversee Capital budget of Regional
projects. Work closely with General Services Division to ensure Results Agreements
reflect best of IFC interest, have approved regional management budgets in
place, and that these budgets are adhered to for active construction projects.
Oversee World Bank Group travel policy
compliance, lead on expenditure review actions and follow-up.
Review expenses periodically and determine
non-eligible expenses for reposting to appropriate sources of funds
SAP Management, Time
Recording Systems and Cost Allocations:
Advise on and set up
financial structures (cost centers and workflow) in IFC SAP systems to ensure
consistent treatment of regional expenses by funds source.
Maintain charge code list for department
and provide updates for staff with guidance on correct use of codes
Liaise with VPU Coordinator on SAP
approver profiles for departmental cost centers
Act as central point for Regional Advisory
Services/Investment Services cost sharing agreement set-up and execution for
system overheads allocations.
Oversee accurate Time Recording System
(TRS) charge codes for region staff based for correct staff time accounting.
Serve as overall Regional TRS coordinator
for administrative budget funded charge codes.
Financial Reports,
Analytics and Business Intelligence:
Collaborate with CBA and
CMAVPU Resource Management Teams to share corporate level best practices and
guidelines in reporting analytics, forecasting and usiness intelligence.
Monitor expense versus budget position on
all funds sources and prepare monthly total resources and budget reports for
the CAF Directors.
Prepare monthly forecast on as needed,
integrating all source of funds, and update systems.
Work closely with Facilities department to
on office ecology and other analytics.
Prepare ad-hoc analysis as requested or
proactively as may deem useful to clients.
Client Engagement:
Liaise with regional
directors and country managers on the actual vs budget position and suggest
actions.
Conduct periodic or adhoc meetings with
regional managers to discuss budget performance.
Provide expert advice and guidance on
procedures, ensuring compliance with World Bank Group resource management and
administrative policies, but also providing solutions.
Knowledge Management:
Help build analytical
capabilities within the region on resource management.
Coach and mentor the finance team on
matters related to resource management and help build a regional center of
expertise for financial reporting and analyses.
Promote sharing of knowledge sharing and
information with the team and other colleagues
Selection Criteria
Masters degree in
Accounting, Finance, Business or Economics and at least 7 years of relevant
financial management experience in a corporate setting.
Professional certification as a Chartered
or Certified Accountant
Sound knowledge and understanding of
accounting theory, concepts and principles, combined with proven practical
skills in financial accounting reporting, business planning, profitability
forecasting, and financial management.
Possess strong Corporate-wide knowledge
and understand IFC culture through networking.
Excellent technical knowledge and
understanding of financial concepts involving profitability analysis, capital
allocation, productivity, and fundamental financial/expense controls.
Ability to conduct independent research
and analysis, identify issues, formulate options, draw conclusions, submit
recommendations and help influence Clients. Proven ability to conceptualize,
design and implement major projects and produce major/complex reports and
recommendation.
Strong knowledge of budget systems, IFC
(investment) IT systems, data, IFC’s value chain, business processes, and
operational procedures.
Experience in leading and building
productive teams and working collaboratively across functions, departments, and
stakeholders. Exceptional organizational and multi-tasking skills.
Strong communication skills, both written
and oral, to convey complex financial and program issues in a clear and concise
way to Clients. Willingness to share knowledge with colleagues
Strong problem solving, conceptual,
analytical and evaluation skills.
Advanced skills in Excel and Access,
working knowledge of Microsoft office, Internet, Lotus Notes applications.
How To Apply
Apply for the Finance Officer Job here.
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neither does excellence. We succeed because of our differences and we
continuously search for qualified individuals with diverse backgrounds from
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