World Bank Finance Officer Jobs in Kenya
Description
Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to join us to help our clients solve their greatest development challenges. The World Bank (WB) is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions (IBRD, IDA, IFC, MIGA, and ICSID) dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development on a livable planet.
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 WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of the WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB’s corporate expenses.
WFACS:
Within WFA, WFACS – Client Services unit of the Trust Funds and Loan Department is devoted to providing “front-end” client services and related operations to business and external clients, and is organized along business lines serving the regions and global practices. The Services within the area of WFACS responsibilities fall under three categories: regional coordination, country focal point assistance, and project-level fiduciary and portfolio management.
WFACS is currently seeking a highly motivated Finance Officer for its team in Nairobi, Kenya.
How your contributions will help us achieve our goals:
The Finance Officer will: service as a WFACS country focal point for an assigned country portfolio; perform the review and clearance of the preparation packages for new World Bank-funded projects; support the disbursements-related aspects of the project implementation; and perform the client relationship management with the various stakeholders that WFACS engages with.
Additionally, the Finance Officer could be called upon to support disbursement-related activities as required by the management. You may also participate in several corporate initiatives of the department.
As a Finance Officer based in our regional hub in Nairobi, you will report to the Senior Regional Team Leader.
What you will do:
Country Focal Point:
Project Preparation:
C) Project Implementation:
• Manage highly complex Level 1 restructurings.
• Advise and resolve complex implementation issues, including those that require coordination with other units such as Integrity (INT), CMUs, Global Practices (GPs), Financial Management (FM) or Procurement.
• Provide advice on financial terms of products or disbursement related issues at country level, for example lapsed loans impacting advances.
• Update the disbursement risk ratings in iLAP for all projects under her/his portfolio, as needed.
D) Engagement with stakeholders:
• Serve as a solution provider for advice to internal clients and external on preparation and implementation issues in the assigned countries.
• Partner with Legal, Financial Management and Procurement to provide cohesive approach to engaging with TTLs.
• Appropriately handle other tasks that may be assigned by WFATL’s management.
• Coordinate/lead special project/initiative assigned by the management.
Selection Criteria
What you will bring:
Education:
• A Bachelors’ degree in Finance, Accounting or a relevant discipline.
• A recognized accountancy qualification (e.g. Certified Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA), Chartered Institute of Public Finance Accountants (CIPFA)) is required.
• A Master’s degree in a relevant discipline – such as finance and accounting – is a plus.
Experience:
• Minimum of five (5) years of relevant work experience.
• Experience with a financial institution is a plus.
• Big Four accounting firms’ or equivalent public accounting experience is a plus.
Language:
The ideal candidate should have advanced fluency in both English and French, with the ability to clearly communicate in both written and spoken forms and to conduct meetings in these two languages.
Knowledge and Skills:
• Knowledge and experience of banking operations.
• 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 loan financing, disbursements and loan portfolio management.
• Strong quantitative skills with superior attention to detail and numerical accuracy.
• Ability to manage complex tasks, deal with rapidly shifting priorities, provide professional support to senior staff and deliver against ambitious deadlines.
• Demonstrates good understanding of risks and internal control procedures pertaining to various activities in own functional areas.
• Strong client focus including good interpersonal, diplomatic and team building skills required for building and maintaining collaborative relationships.
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 on an ‘as-needed’ basis.
• Willingness to travel on mission and short-term assignments.
How to Apply
For more information and job application details, see; World Bank Finance Officer Jobs in Kenya
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