THE WORLD BANK
The World Bank’s
Loan Department (CTRLD) is seeking to hire Finance Analysts (FNs) (5 position)
and Finance Assistant (FAa)
(2 positions). CTRLD is the focal point within the Bank for exercising
fiduciary controls over its lending operations, including responsibility for
ensuring that loan funds are used for their intended purposes. In this regard
it collaborates actively and maintains close working relationship with several
other Bank units. CTRLD which is currently being realigned so as to be more
client focused, is primarily responsible for the formulation and administration
of the Bank’s financial policies and procedures relating to disbursement of
funds from IBRD loans, IDA credits, the Project Preparation Facility (PPF),
Institutional Development Fund (IDF) Grants, Recipient-Executed Trust Funds and
other financial products of the Bank. As part of this realignment, CTRLD is
opening a Regional Center in Nairobi ,
Kenya . The Nairobi Regional
Center (Center) will follow the
staffing model of other teams in the other regional centers (Brasilia ,
Beijing , Zagreb ,
Chennai and Manila ),
a solid team of financial assistants, analysts, and a Team Leader.
Finance Analysts (5 Position)
Local 3 years Term Appointment, Location: Nairobi , Kenya
Job No# 120709 – Closing Date
April 10, 2012.
The Finance Analysts (FNs)
contribute to various team responsibilities, such as disbursement transaction
and analysis, project management and capacity building. The FN plays an
important role in ensuring the financial accountability of
borrowers/recipients, specifically that loan proceeds are used for the purposes
intended and are eligible in accordance with the World Bank policies and
procedures. The FN might be requested to contribute to Department or corporate
initiatives. The position requires strong accounting and auditing skills,
client orientation and drive for the results. The FN provides technical support
to the finance assistant and reports to the Regional Center Team Leader and
Finance Officer for the assigned portfolio.
The responsibilities will include:
(a) Disbursement Transaction Processing/Portfolio Management (i) Analyze and
determine the appropriateness of borrowers/recipients’ request for
disbursements and the supporting documentation and compliance with the World’s
Bank’s policies and the provisions of the legal agreements and related document
(ii) Provide first level approval of request from borrowers/recipients for
payment; (iii) Ensure prompt and accurate entry/updating master data of all
loans/credits/grants; (iv) Perform loan portfolio management, such as loan
closing, extension, designated account management among others; (v) Respond to
questions regarding payments, disbursement procedures, and other financial
matters; (vi) identify issues and systemic problems relating to borrower
capacity and provide/recommend corrective measures; (vii) Provide direction to
the Finance Assistant working in his/her country portfolio; (viii) Provide
training to internal and external audiences-operations, financial management,
country office staff, and clients (borrowers); (ix) Answer questions from Task
Team Leaders, borrowers, commercial banks, and suppliers on payment, balances,
and application status. (b) Department/Divisional Tasks (i) Participate in
department/divisional task force; (ii) identify issues relating to CTRLD
policies, procedures and guidelines and recommend actions or enhancements;
(iii) Participate in new systems development and user testing; (iv) Undertake
ad-hoc assignments at the discretion of the Team Leader and/or Manager.
The successful candidate will be
holder of (i) Professional certification (CPA, ACCA, CA, CFA or equivalent),
with Master’s degree in Accounting, Finance or Business and a minimum of 5
years of relevant experience in portfolio management, project implementation,
accounting, auditing and/or contract management, (ii) Language Skills: Ability to communicate effectively, in writing and orally, in English (essential) and one of the two/or both French
(essential) and Portuguese (essential). Fluency on all three languages will be
a plus. (iii) Knowledge of internal controls and procedures. (iv) Knowledge
of the Bank operational policies, including understanding of Bank policies and
practices related to disbursement and contract management, would be a
advantage. (v) Ability to appropriately apply operational policies, as they
relate to disbursements. (vi) Experience delivering training in the required
languages (English, French and Portuguese). Ability to prepare learning
materials and presentations. (vii) Attention to detail and numerical accuracy.
(ix) Understanding of information systems and the application of new
technology.
Finance Assistants (2 Positions)
Local 3 year Term Appointment,
Location: Nairobi , Kenya
Job No# 120707 – Closing Date
April 10, 2012.
The Finance Assistants (FAs) will
be responsible for determination of the completeness of borrower’s request in
accordance with the Bank’s policies and procedures, verification of
documentation and processing of disbursement or other loan transactions. In
addition, they provide support to negotiation, mission preparation, and
disbursement seminars. FAs work under the technical supervision of Finance
analysts and report to the Team Leader. The FA at level GD works on withdrawal
application processing and related tasks with minimal supervision. The Finance
Assistant might be requested to contribute to Department initiatives, or to
participate in Financial Management network activities and contribute to
corporate initiatives.
The responsibilities will include:
(a) Disbursement Transaction Processing – (i) Process all types of withdrawal
and special commitment requests, including complex transaction. Ensure
completeness of supporting documentation and enter Detail of Expenditures (DOE)
in the Loan Administration System (LAP); follow up with Task Team Leaders and
Procurement Staff as needed. (ii) Draft correspondence to the borrowers or
operational staff; (iii) Review the pending refunds and other adjustment
transactions. Initiative processing in coordination with the Client Services
Loans Team (CTRNF) or Treasury (TRE) where appropriate; (iv) Process special
commitment amendments and prepare amendment letters. (b) Portfolio Management
(i) Assist in closing of projects and finalizing the files for transfer to the
Loan Department Record Center, (ii) Answer questions from Task Team Leaders,
borrowers, commercial banks, and suppliers on payment, balances, and
application status (c) Department/Divisional Tasks (i) Participate in
departmental/divisional task force; (ii) Identify issues relating to CTR
policies, procedures and guidelines and recommend actions or enhancements;
(iii) Participate in new systems development and user testing; (iv) Undertake
ad-hoc assignments at the discretion of the Team Leader and/or Manager.
The successful candidate will be
holder of (i) a Professional certification
(CPA, ACCA, CA or equivalent), with Bachelor’s degree in Accounting, Finance or
Business and a minimum of 3 years of relevant experience in portfolio
management, project implementation, accounting and/or contract management, (ii) Language Skills: Ability to communicate
effectively, in writing and orally, in English (essential) and one of the
two/or both French (essential) and Portuguese (essential). Fluency in all three
languages will be a plus. (iii) Knowledge of internal controls and
procedures. (iv) Knowledge of the Bank operational policies, including
understanding of Bank policies and practices related to disbursement and
contact management, would be an advantage. (v) Ability to appropriately apply
operational policies, as they relate to disbursements; (vi) Experience delivering
training in the required languages (English, French and Portuguese). Ability to
prepare learning materials and presentations. (vii) Attention to detail and
numerical accuracy. (ix) Understanding of information systems and the
application of new technology.
http://www.getnaijajobs.com
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