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E T Temporary
Chennai, India | req30363
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E T Temporary
Job #: req30363

Organization: World Bank

Sector: Finance & Accounting

Grade: ET4

Term Duration: 1 year 0 months

Recruitment Type: Local Recruitment

Location: Chennai,India

Required Language(s): English

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Preferred Language(s):

Closing Date: 11/20/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

The World Bank Group is one of the largest sources of funding and knowledge for

developing countries; a unique global partnership of five institutions dedicated to

ending extreme poverty, increasing shared prosperity, and promoting sustainable

development. With 189 member countries and more than 120 offices worldwide,

we work with public and private sector partners, investing in groundbreaking

projects and using data, research, and technology to develop solutions to the

most urgent global challenges. For more information, visit www.worldbank.org

The World Bank Group Finance & Accounting (WFA) Vice Presidency is responsible

for all aspects of the financial reporting and internal control framework for

International Bank for Reconstruction and Development (IBRD), the International

Development Association (IDA), and the extensive Trust Fund/Partnership

portfolio of these entities. WFA also leads the client service function for the WBG

corporate expenses and WBG trust funds, ensures fiduciary responsibility for all

disbursements related to Bank operations.

Organizationally, WFA comprises three functional departments: (1) WBG

Corporate Accounting and Reporting (WFACA), (2) WFA Trust Funds and Loans

(WFATL), and (3) WFA Financial Controls (WFAFC). These units, along with WFA

Chennai and WFA Systems and Transformation divisions, report directly to the

WBG Controller who heads the WFA Vice Presidency.

WFAPA Team Overview

WFA’s Accounts Receivable, Payroll and Tax division (WFAPT in HQ and WFAPA in

Chennai) Team is part of the Financial Controls Department, will be responsible

for ensuring that (i) accounts receivable are recorded, monitored, and collected in

a timely and efficient manner, (ii) salary and benefit payments to the WBG staff

are processed in a timely and efficient manner, and (iii) tax allowances to the

WBG staff and retirees are processed in a timely and efficient manner. It also

provides strategic leadership and guidance to business units across the WBG on

developing and maintaining an effective system of internal controls over AR,

payroll, and tax.

Job Purpose:
The ET Temporary will handle multiple responsibilities in Account

Receivable function. This includes:

• Assisting the team in completing the defined tasks, in line with the internal

procedures and within the stipulated deadlines.

• Coordinating with HR/ Country Office teams/Information and Technology

Solutions Group (ITS)/ Budget, Performance Review & Strategic Planning (BPS)

depending on the tasks and process requirements.

Specific Key Accountabilities:

The ETT’s responsibilities includes but not limited to the following:

• Process Externally Financed Output (EFO) on a daily basis.

• Follow up with units on a regular basis to identify the receipts for EFO.

• Coordinate with the Accounts payable team in terms of Receipts relating to

Vendor Payments, and post them to the suspense G/L.

• Coordinate with Treasury on certain details like expected/confirmed receipts

status and initiating refunds requests.

• Handle Accounts Receivables Management (ARM) emails every day.

• Process Lease Rental and Amortization entries including the write-offs, if any.
• Record all the receipts relating to ‘Other Receivables’ category.

• Monitor and follow up with units for the collection of receivables.

• Record Accrual of revenue as per US GAAP.

• Account the receipts posted to IBU accounts in SAP.

• Prepare Monthly Trial balance reports relating to External Receivables, IBU,

Staff Receivables and Loans.

• Coordination within and across teams for completion of Admin Trial balance

and Highlights.

• Collaborate with colleagues, clients, and counterparts to resolve day to day

accounting and reporting issues.

• Assist and handle special projects as and when required.

Selection Criteria

• Undergraduate degree in accounting/finance/commerce from a reputable

institution with a minimum of three years relevant experience preferably with a

multinational organization.

• Full proficiency in Microsoft Windows applications, namely Excel, Word and

Power Point. Demonstrated ability to learn new technology quickly and effectively

use it for maximum productivity.

• A proven track record of problem-solving skills in an automated accounting

environment; Experience with SAP enterprise resource planning system R3 is

desirable, but not required.

• In-depth understanding of PeopleSoft system.

• Strong communication skills to present oral and report writing.

• Exhibit a personality that enables the incumbent to be client focused, flexible

and an excellent team player. Ability to effectively work with other staff in the

department and elsewhere in the Bank.

WFA Core Competencies:

• Deliver Results for Clients - Takes full ownership to address client needs.

Demonstrates initiative, independence and autonomy in addressing client needs

in changing business contexts and environments. Has knowledge of department

strategy, vision, and goals and can link them to those of the larger organization.

Allocates and prioritizes resources according to areas of most urgent need and

greatest impact for the client

• Collaborate Within Teams and Across Boundaries - Contributes to wider

collaborative efforts. Adopts a collaborative approach to improve overall

effectiveness outside one’s department and displays an open helpful attitude

toward others. Approaches conflicts as common problems to be solved.

Demonstrates understanding of and acts to incorporate multiple perspectives.

Frames thinking/actions with a WBG corporate perspective in mind

• Lead and Innovate - Initiates changes to work processes to improve

efficiency and performance. Applies creativity, flexibility and persistence to

develop new approaches. Considers own behavior in context of WBG's values and

mission and recognizes impact on others. Frames problems and recommends

solutions.

• Create, Apply, and Share Knowledge - Actively promotes knowledge-

sharing. Takes ownership for organization of knowledge-sharing and learning

activities. Contributes to the knowledge of the work group and beyond. Uses

feedback to develop self and mentor others. Builds personal and professional

networks within and beyond the work group.

• Make Smart Decisions- Analyzes data to support and enable decision-

making. Anticipates, researches, reviews, and analyzes available data and

relevant empirical evidence, including lessons learned. Understands risk and can

provide basic assessment using cost-benefit analysis. Uses critical thinking and

good judgment to make decisions. Supports decisions, takes action and ensures

appropriate follow-up actions are taken.

• Client Understanding and Advising - Looks at issues from the client’s

perspective and takes action beyond normal expectations to ensure client

satisfaction. Analyzes situations and determines alternative or creative scenarios

and approaches to add value to the business in new and different ways. Works

within the team and with other specialty areas to define client needs and develop

the best approach to meet client needs. Sees how ideas and best practices from

other specialties can be adapted or applied to address client issues.

• Broad Business Thinking - Keeps informed on business operations. Inquires

about the relationship of delivered support/services to the business as it pertains

to assigned area of responsibility and related projects. Seeks out relevant

information related to clients from available sources including supervisors, peers,

clients, intranet/Internet, and documentation. Provides a business-based

rationale for determining the necessity of incremental improvements and

communicates viewpoint using the client’s own terminology with limited jargon

• Project Management - Sets personal objectives and goals and manages use

of own time. Works towards accomplishing own daily, weekly and annual

objectives. Learns from mistakes, and adjusts goals and courses of action to

meet changing needs. Sets priorities for his/her work in order to stay on top of

the workload and tackle the most important issues first. Considers work/project

timelines and the time it takes to get things done. Sets priorities, properly plans,

keeps track of activities completed and in progress, and keeps clear, detailed

records of activities related to accomplishing stated objectives, arrangements,

etc.
• Analytical Thinking - Gathers and links data. Reviews for non-conformity

and gathers further information in response to problems. Collates and reports

information. Identifies direct cause-and-effect relationships. Identifies trends and

exceptions. Investigates to define problems more accurately. Sorts information in

order of importance. Identifies relationships and linkages between components.

Identifies variable potential causes and effects. Solicits guidance to define criteria

and assign values of importance and urgency. Escalates issues of both a routine

and exceptional nature.

• Policies and Procedures - Exhibit working knowledge of policies and

procedures applicable to carrying out daily responsibilities. Abide by relevant

policies and procedures in completing various tasks. Demonstrates knowledge of

the most used policies and procedures and applies them when situation is clear

and lacks problems. Can exercise independent judgement regarding relevant

policies and procedures.

• Risk and Controls - Demonstrate understanding of key risks and internal

control procedures in the related processes. Able to identify key risks and

mitigating control steps in own functional areas. Perform internal control

procedures in compliance with the overall risk and control framework. Takes

proactive measures to know the internal control procedures (e.g., talks with

business leaders about their goals and priorities).

• Information Technology and Systems - Exhibit working knowledge of key

information technology and main systems in own function areas. Effectively

utilize such technologies and systems to successfully carry out work programs.

• Communication - Express and exchange information in a clear and concise

manner (Writes clearly and concisely simple work Related documents). Listen

actively and confirm understanding. Recognize own biases and assumptions and

make an effort to understand the impact of others' cultural norms on

communication styles. Contribute to a transparent and engaging work

environment by sharing views and ideas openly and professionally. Uses clear and

easily understood writing styles when communicating technical information to

non-technical individuals. Understands that different writing styles are required

for different documents or audiences.

World Bank Group Core Competencies

We are proud to be an equal opportunity and inclusive employer with a dedicated and

committed workforce, and do not discriminate based on gender, gender identity, religion,

race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring

stories.
 Note: The selected candidate will be offered a one-year appointment, renewable at the

discretion of the World Bank Group, and subject to a lifetime maximum ET appointment

of three years. If an ET appointment ends before a full year, it is considered as a full

year toward the lifetime maximum. Former and current ET staff who have completed all

or any portion of their third-year ET appointment are not eligible for future ET

appointments.

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