Finance Assistant - Opening with World Bank - Close date 23 Apr 2010

Finance Assistant - 100803 Basics Job #: 100803 Title: Finance Assistant Job Stream: Technical Assistance & Advisory Services Location: New Delhi, India Close Date: 23-Apr-2010 Background / General description: The Finance Assistant is expected to perform the duties listed below and support both Investment Services and Advisory Services. The person will be based in the IFC's office in New Delhi, Regional Hub for South Asia. Duties and Accountabilities: SAP/Imprest Administration: ·   SAP processing and payment of local staff salaries and benefits ·   SAP processing and payment of travel advances and Statement of Expenses (SOEs), ·   SAP Processing of PO and SES and related payments ·   SAP processing and payment of office expenses, (petty cash or bank) including maintaining petty cash / bank payment journals ·   SAP payment to Short Term Consultants and STT ·   Monitoring and ensuring replenishment of petty cash/bank account funds ·   Financial assistance, rental advances to staff and related HR Ben entries ·   Ensuring reimbursement of VAT and other taxes (i.e., collecting supporting documents, liaising with local tax authorities, monitoring reimbursement) ·   Preparing monthly Imprest accounting compliance reports ·   Liaise with Bank in connection with IFC corporate accounts ·   Liaise with IBRD Chennai on various imprest and travel related issues. Budgeting, Monitoring & Reporting: ·   Regularly utilizing SAP reports to ensure compliance with WB Imprest accounting rules ·   Preparing ad-hoc financial reports at the request of Management ·   Advisory Budget, monthly monitoring, quarterly DFO reporting ·   Project budgeting in IBIS ·   Preparing draft IBTF and required IBTF revisions for Program TFs ·   Implementing and monitoring controls to ensure use of Facility/Program funds complies with Donor and WB/IFC policies and procedures ·   Follow up cost recovery policy and procedures; regularly reviewing and ensuring control of cost recovery practices ·   Monitoring use of Facility/Program funding for cash flow and budget availability; analyzing variance ·   Ensuring replenishment of Facility/Program funding ·   Assistance in preparation of annual Admin budget and regular monitoring Guidance, Policy Development and Implementation: ·   Providing expert advice and guidance on accounting theory and practice, recommending solutions to complex issues ·   Providing guidance and training for new Finance staff on relevant WB/IFC policies and Donor requirements ·   Knowledge sharing of new WB/IFC policies and procedures, ensuring these are communicated and implemented throughout IFC Regional Department ·   Providing guidance to the Finance Assistant/Program/Team Assistant(s) on finance-related issues Selection Criteria: Required ·   Degree in Accounting, Finance, Business, Economics; professional qualification preferred ·   Sound knowledge and understanding of accounting theory, concepts and principles, financial accounting reporting, cost allocation ·   Proven practical skills in GL, AP/AR, journal entries, account reconciliations, budgeting, analysis of financial data, preparation of financial reports ·   Advanced skills in Excel and Access, working knowledge of Microsoft office, Internet, Lotus Notes applications ·   Strong communication skills with the ability to prepare, present and discuss findings in written or oral form Desired ·   Strong conceptual, analytical and evaluation skills ·   Ability to research, analyze and synthesize information, interpret data, retrieve information and clearly and concisely summarize results ·   Prior experience in ERP applications (SAP) a significant advantage ·   Superb accuracy and attention to detail ·   Recognized professional accreditation (CA, CPA, CIMA, ACCA, etc) an added advantage ·   Knowledge of Donor Funded Operations and/or WBG policies an added advantage and/or Admin Budgeting. ·   Takes initiative and assumes accountability for own work; self-starting and accountable APPLY ON LINE