Associate Financial Operations Officer / Financial Operations Officer- Washington, DC

Job #:	132406
Title:	Associate Financial Operations Officer / Financial Operations Officer
Job Stream:	Financial Sector
Location:	Washington, DC
Closing Date:	11/11/2013
Background / General description:
The International Finance Corporation (IFC) is the private sector arm of the World Bank Group and the largest multilateral provider of financing for private enterprise in developing countries. IFC’s mission is to promote sustainable private sector investment in developing countries, helping to reduce poverty and to improve people's lives. IFC finances private sector investments including loan and equity investments; credit enhancement and risk sharing guarantees; mobilizes capital in international financial markets; facilitates trade; helps clients improve social and environmental sustainability; and provides technical assistance and advisory services to businesses and governments. IFC's Finance and Accounting department (CFA) plays a significant role in achieving IFC's mission - with an overarching responsibility of supporting IFC's activities by delivering value-added financial and management accounting services through strategic and operational business partnership, actively contributing in decision making, business performance, financial intelligence and resource (re) deployment. The Financial Operations unit (CFAFO) of CFA which comprises CFALO (Loans), CFAEC(Equity) and CFATR (Treasury Support) provides commitment management, disbursement, invoicing, payment allocation, syndication and accounting services for all IFC direct loan, equity, treasury, syndicated/parallel loan, quasi-equity (e.g. debt securities, subordinated loans), donor-funded and guarantee transactions. The overall mandate of CFAFO is to provide servicing support for IFC’s loan, guarantee , equity and treasury’s portfolios operational support in the development of new business initiatives and products, and play a key role in the review and development of corporate business processes and systems supported by the department.  CFA is seeking a successful seasoned individual to move into a Financial Operations Officer position to be part of a team responsible for all projects of the assigned portfolio. This Financial Operations Officer position is primarily responsible for overall client service support ensuring that all inquiries arising from the Investment Departments and/or clients are successfully attended. This position will require to carefully follow corporate procedures in terms of quality, compliance, operational controls, and customer service standards and to fully support the assigned team.
Duties and Accountabilities:
The Financial Operations Officer reports directly to and assists CFALO’s Head, Loan Operations whose responsibilities include managing all staff, processes, systems and servicing activities required to support IFC’s $21 billion loan and $3 billion guarantee portfolios. This position will also assist in the product accounting functions for the division (CFAFO).  The position plays a leading substantive role in assisting to formulate policy, procedural and product innovations, and provides a high level of quality assurance. The successful candidate will play a hands-on role encompassing the processing, settlement, control, and accounting for all IFC loan, loan-related investment and guarantee activities. This position supports the dynamic relationship between CFALO and IFC internal stakeholders and other outside parties and clients and assists in the formulation of efficiency, quality, and continuous improvement targets and measurements for the Team.  The position will also be responsible for the preparation of comprehensive analytical tools to manage the compliance and data quality of CFAFO Operations.  Core responsibilities include: - Client servicing with one or more portfolio - Development of accounting schema’s and related operating controls for all products in Loans, Equity and Treasury.  - Implementation of product accounting schema into ACBS, Investran and Summit.  - Compliance with relevant internal control standards and US GAAP accounting guidelines - Assist in the closing activities of the unit - Assist in the reporting requirements and analysis - Maintenance of the ACBS/Investran/Summit subsidiary ledger chart of accounts
Selection Criteria:
- Bachelors Degree with a major in accounting, finance, business administration or international trade finance required. Advanced training in accounting, finance or business administration or advanced degree (MBA, or CPA) with strong technology component a plus. - At least 5 years of relevant financial operations/back office/middle office experience in a corporate setting required. - In depth knowledge of and experience with commercial financial products and private sector supervisory experience strongly preferred. - In depth knowledge of and experience with transaction processing, accounting and payment systems e.g. SWIFT, required. - Demonstrated successful record of developing and implementing change and information technology in transaction processing environment strongly preferred. - Expertise in data mining and analytics - Self-starting, well organized and team oriented with effective interpersonal skills. - Effective written and oral communication skills with all levels of staff including the senior levels of management required. - Fluency in written and spoken English required. Knowledge and functioning effectiveness in another major language preferred. - Experience with any one or two of the following systems (ACBS,Investran and Summit) is advantageous.  Applications must be submitted online. Only those candidates selected for interviews will be contacted. Candidates can check the status of their applications by visiting www.ifc.org/careers. APPLY