CA, CPA, ACCA, Commerce Post Graduates Vacancy at World Bank

Overview:

The World Bank is hiring an experienced E T Consultant at their Chennai location. The Extended Term Consultant will operate under the guidance of the Accounting Officer, offering essential assistance to accomplish the team’s objectives. The individual will be engaged in Trial Balance reporting and Payroll processing, closely collaborating with the payroll team and various stakeholders, particularly in PAC and ITS. Identifying bottlenecks and areas for improvement in the process, the candidate will propose solutions to enhance efficiency.

The complete details of this job are as follows:

What you will do:

• At various stages of the payroll cycle, coordinate with ITS and the Staff receivable system (SRS) to ensure programs have been run;
  Coordinate with co-workers on the completion of work before moving to the next stage of the process.
• Perform a secondary review of exception reports and review the exception items reported in the dashboard. Advise necessary corrections to the assistants and ensure the changes are made in the paycheck before finalizing payroll.
• Review paychecks of all terminated staff who have a paycheck in the current pay cycle and ensure the benefits are calculated appropriately and there are no outstanding payments due from them.
• Handle queries from staff through emails received on the service desk within the agreed Turn Around Time of 24 hours.
• Finalize and release off-cycle payments and salary advances.
• Continuously monitor all GL accounts and prepare periodic reconciliations relating to Payroll; follow up with clients and other units on aged and critical items.
• Prepare monthly Trial Balance; analyze and explain variances, and aged items.
• Prepare financial statements disclosures.
• Provide inputs to Management Reporting and Analysis
• Prepare and monitor KPIs metrics monthly – with benchmark data; explain significant variances.
• Prepare the unit’s operational reports.
• Prepare reports from the source system (SAP/BI) to develop the data analytics/trends needed to support the unit’s reporting needs.
• Implement and monitor relevant accounting policies and ICFR requirements of the Team.
• Prepare and post General Ledger Accounting entries.
• Lead or participate in the team’s system projects affecting reporting function, including preparation of business requirements, and
  liaising with other units and ITS
• Participate in the user testing (UAT) and implementation of any new systems, applications, tools, and reports for the team, to enhance
  efficiency, effectiveness, and standardization.
• Identification of problems and areas of possible improvements and development of constructive recommendations for improvements in internal controls over the activities reviewed.
• Mentor junior staff and provide input to senior-level staff to help optimize processing standards and improve productivity; identify process improvements and provide inputs to support management’s initiatives to improve the process quality & process-related controls.
• Troubleshoot and resolve system issues that affect payroll processing and financial reporting.
• Answer queries and provide information/analysis requested by external auditors and internal auditors.
• Update desk procedures for each business function.
• Collaborate with colleagues, clients, and counterparts to resolve day-to-day accounting and reporting issues; provide guidance and
  solutions for accounting for transactions and internal control issues and support for the research and solutions on complex issues.
• Participate in the Team’s client engagement and outreach activities and perform certain Business Advisory functions.
• Provide insightful data analytics using appropriate tools in delivering the work program.

Selection Criteria

• Education:
  • A master’s degree in commerce.
  • Professional accounting qualification (Ex. CA, CPA, ACCA) – not mandatory, but is a plus
• Experience:
  • Minimum of 5 years of work experience in the functional area.
• Knowledge and Skills:
  • In-depth, detailed understanding of Payroll systems, preferably the PeopleSoft Payroll module and its control features and configuration capabilities (Global Payroll 9.1).
  • Good understanding of generally accepted accounting principles, accounting controls over accounting processes and financial reporting operations; familiarity with generally accepted auditing standards in these areas.
  • Good hands–on experience in developing and reviewing internal accounting controls in an ERP environment (preferably SAP/ PeopleSoft), more particularly in Payroll.
  • Sound knowledge of accounting processes and procedures.
  • Experience with the application of accounting policies, variance analysis and preparation of financial statement disclosures.
  • Demonstrated strong judgmental/analytical skills and interpersonal skills to interact effectively with colleagues and various levels of clients and staff.
  • Deliver Results for clients – Proven track record of timely and high-quality service delivery, handling escalations, and advisory support.
  • Staff rules and procedures – Sound knowledge of rules, policies and procedures that relate to area of work.
  • Communication – Excellent verbal and written communication skills, including the ability to present ideas in a clear and concise manner. Good presentation skills.
  • Analytical thinking – Excellent analytical skills with ability to collate and interpret data, assess issues, develop sound conclusions, formulate remedial measures with attention to detail and accuracy.
  • Make Smart Decisions – Excellent judgment, and the ability to thrive in a multidimensional, multi-functional work environment.
  • Collaboration – Ability to effectively work with various levels of staff within the department and across the institution; maintain continuous, open, and consistent communication with all stake holders.
  • Project Management – Ability to lead and manage small automation projects/initiatives Digital dexterity –
  • Solid understanding of WBG core functional systems and processes.
  • Expert knowledge of data and analytical tools like MSExcel, PowerBI, Tableau
  • Expert knowledge of reporting tools such as MS PowerPoint, MS Word
  • Sound knowledge of process improvement techniques and tools (Lean, Six sigma, )
  • Experience in implementing automated solutions like RPA, AI/ML etc.
• 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.
  • Demonstrated ability to analyze business process requirements and translate them into design specifications for process changes and automated solutions.

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