Accounting, Finance, Graduates Vacancy at World Bank

Overview:

World Bank is hiring an experienced Business Process Associate at their Chennai location. The Business Solutions Associate will be a member of the Business Unit (BU) team based in Chennai and will be responsible for the day-to-day Transactions Processing of GCS requisitions, consultant appointments, and payment transactions in SAP. The work of the BU team includes but is not limited to transactions & service desk support, analytics & MIS, controls & quality assurance, Reconciliations, documentation of new work programs, testing & validation of SAP reporting requirements, and analysis & optimization of business processes. Direct client interface & troubleshooting are crucial aspects and would form a core part of the work.  The selected candidate(s) will have a line reporting to the Headquarters Based Team Leader, who reports to the Senior Manager of GCS Corporate Services.

The complete details of this job are as follows:

Roles and Responsibilities:

The Ideal Candidate should be able to:

• Provide transaction processing support to GCS units by following the established procedures.
• Consult with clients inside and outside the Bank, e.g., staff, consultants, vendors, etc., to effect timely payments and resolve accounting-related issues.
• Provide references to Bank financial and administrative policies and procedures in administrative expense-related subject areas.
• Assist in providing documentation support to auditors and WFA for financial transactions.
• Prepare and analyze monthly/quarterly Budget reports.
• Work on analyzing client surveys and preparing a detailed report.
• Provide first-line ex-ante quality assurance and controls for GCS’s $100 million plus of transactions, the candidate must demonstrate a strong analytical and process skills track record to apply World Bank policies and procedures to a range of financial transactions.
• Research, analyze, and synthesize information, interpret data, retrieve information from SAP or similar integrated systems, and clearly and concisely prepare results for ongoing monthly monitoring and analytical reports to the Team Leader and the various World Bank HQ Clients.
• Develop and demonstrate excellent knowledge of relevant Bank policies and practices as they relate to financial management (e.g., Administrative Manual and Procurement Guidelines, etc.) and have the ability to advise and train clients on those policies and procedures.
• Demonstrate excellent knowledge of basic accounting theory and principles.
• Work independently on routine issues, seeking guidance on complex projects/issues from senior staff.

Selection Criteria

• Bachelor’s degree in a relevant discipline (i.e., Accounting, Finance, or Business Administration) plus 3 years of relevant experience.
• Prior experience in transaction processing and knowledge of GCS processes and functions will be preferred.
• Ability to Process transactions, meeting Turn Around Time service standards with high accuracy.
• Experience in system maintenance-related tasks.
• Strong communication skills – both verbal & written.
• Ability to gather, organize, and present complex data in a user-friendly and appropriate format (using MS Excel and MS Access.) Experience in writing macro will be an advantage.
• Analytical ability necessary to measure and forecast trends.
• Experience in financial accounting.
• Familiarity with SAP would be an advantage.
• Candidates must have a strong client focus and customer service/interpersonal skills.
• The candidate must be willing to work in the night shift, as required.

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