We need a Finance Analyst,
Finance Analyst
Description
Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank consists of two entities – the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. Visit www.worldbank.org.
Vice-Presidency Context
The Budget, Performance Review, and Strategic Planning Vice Presidency (BPS) is organized into four departments under a Vice President: (1) BPS Corporate Units (BPSCU) - supporting Institutional, Governance and Administrative Units, Capital Budget and providing BPS systems, knowledge, data governance and the service center; (2) BPS Operations Units (BPSOU) – supporting Practice Groups and Regions (3) BPS Strategic Planning (BPSSP) – supporting the corporate strategic business and budget planning process; and (4) BPS Corporate Procurement (BPSCP) with teams responsible for coordinating and overseeing the sourcing strategy, selection, contract execution, and vendor management across the globe.
BPS’ service delivery model has three core roles: (1) Business Partners (serving clients directly with focus on decision support and performance oversight); (2) Centers of Expertise (providing thought-leadership and analytics, designing business finance policies, practices and systems, and coordinating knowledge management); and (3) Service Center (managing delivery of high volume and transactional and reporting services across Bank, including help desk support to clients).
Hiring Unit Context
BPS is now seeking to fill the position of recruiting a Finance Analyst for the following unit(s):
BPSIM-Sitting within BPSOU, BPSIM is responsible for business planning, budgeting, work programming, deliverables reporting, and financial reporting for all the departments in the World Bank’s Middle East and North Africa Region (MENAAP), the Infrastructure Global Practice and the Digital Global Practice. In addition, BPSIM staff perform accounting, payment processing, cash management, and administration functions in country offices. Overall, BPSIM ensures that each department maintains cost efficiency and adequate controls over all financial transactions and supports effective management and monitoring of deliverables.
Duties and Responsibilities
The Finance Analyst supports budget activities by preparing budgets, producing reports, and performing budget analysis. They maintain policies and controls, contribute to budget planning, and foster positive relationships with internal and external stakeholders. In CO, the finance Analyst is also responsible for managing the financial and accounting aspects of the organization, including establishing and enforcing accounting policies, preparing financial reports, conducting analyses, interpreting reports and tax returns, and maintaining good corporate relations. With a strong understanding of fundamental concepts and practices, they provide analytical support to senior professionals, ensuring accurate records while assuming limited accountability.
The selected candidate is expected to be an excellent team player, comfortable working with large datasets, preferably with data modeling skills, a finance, accounting, or economics background/experience with strong analytical skills, and knowledge in one or more of the key functional areas that BPS supports.
The position is expected to serve four Country-Office-based Practice Managers (PMs), and Practice Management units within the MENAAP Region. The Finance Analyst will also support one of the functional teams (e.g., planning, reporting, systems/controls) serving the MENAAP Region.
As with all other BPS staff, Finance Analysts are expected to be fungible and able to work across different assignments over time, depending on business needs and professional development objectives.
NOTE: Applicants should regularly check emails from bpsrecruitment@worldbank.org, as this is the official channel for requesting or sending additional information during the recruitment process. Please note that applications sent to this account are not accepted.
Selection Criteria
- Minimum Education consisting of a bachelor’s degree in accounting, Business, Finance, Management, or other relevant discipline required to fulfill position-specific requirements (e.g., Economics, Public Administration, etc.) OR Non‐Finance Bachelor's Degree plus one of the following: (1) CIMA Advanced Diploma in Management Accounting; or (2) ACCA Advanced Diploma in Accounting and Business; or (3) equivalent accounting certificate.
- Minimum of two years of relevant experience in a comparable accounting or finance-oriented role.
- Advanced working knowledge of budget/finance systems and reports, particularly SAP, Power BI, BW/AO and/or demonstrated experience with major financial/budget management systems.
- Track record of supporting business decision making by providing relevant analytics, using statistical and AI/ML methods, and visualization solutions.
- Excellent communication skills (written and oral) and people oriented.
- Knowledge of external funds policies and procedures is desirable.
Proficiency in Finance Analyst competencies (listed below):
BPS’s competency framework defines the essential skillsets for VPU staff. In addition to core technical competencies, applicants should also be proficient in Business, Digital, People, and Leadership skills. For more details, please click here. BPS Competency Framework_final_March2025.
Technical Competencies:
Cost and Financial Accounting: Understand and describe the main elements of financial statements and reports, review the accuracy and legitimacy of recorded financial transactions and related reports, and lead planning processes, including setting targets, communicating assumptions, coordinating budget preparation, challenging submissions, and seeking synergies upon consolidation.
Evaluation, Reporting and Financial Analysis: Deliver high-quality management information, develop and implement reporting systems for management, project, or performance reporting, interpret management reports and identify business variances.
Business Planning: Lead planning processes, including setting targets, communicating assumptions, coordinating, budget preparation, challenging submissions and seeking synergies upon consolidation.
Risk Management and Internal Controls: Develop innovative approaches to managing significant business risks effectively and efficiently, lead implementation, execution and monitoring activities, significantly improve and monitor risk-based system of financial control; develop solutions for the effectiveness of existing controls to manage the business risks.
WBG Culture Attributes:
1. Sense of Urgency – Anticipating and quickly reacting to the needs of internal and external stakeholders.
2. Thoughtful Risk Taking – Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.
3. Empowerment and Accountability – Engaging with others in an empowered and accountable manner for impactful results.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
DETAILS TO REGISTER FOR THIS JOB:
NOTE: ATS-compliant CV is MANDATORY!
NOTE: ATS-compliant CV is MANDATORY!
https://worldbankgroup.csod.com/ux/ats/careersite/1/home/requisition/33994?c=worldbankgroup&sq=req33994
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