shanth
04-22-2011, 06:25 PM
Experience:0 – 2 Years
Job Title:Chartered Accountant
Location:Chennai
Education:UG – B.Com – Commerce, PG – CA
Name Of Company:The World Bank
Job Description:
The assignment will be a Term appointment for a period of two (2) years subject to a probationary period of one (1) year.
Background / General Description:
Organizationally, CTR comprises three departments:
(1) Financial Instruments Accounting and Valuation, (2) Loans, and (3) Client Services Departments.
The Financial Analysis and Reporting, Accounting Policy, Knowledge Dissemination, and Operational Risks and Controls units also report directly to the Controller. These teams collectively include approximately 400 staff; of which 150 are located in Washington with the remaining 250 located in regional offices the largest being in Chennai, India. In fiscal 2010, the World Bank disbursed, through the Loan Department, approximately $40.3 billion in loans and credits, as well as approximately $2.6 billion in grants.
The Loan Department (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. These responsibilities encompass the disbursement of Bank loan funds, as well as the disbursement and administration of other Multilateral and Bilateral Donor funds entrusted to the Bank.
The Loan Department 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 relationships with Regional Management, Financial Management (FM) and Procurement (PR) Networks, Legal Department (LEG), Treasury Department (TRE), Concessional Finance and Global Partnerships (CFP), Department of Institutional Integrity (INT) and the Internal Auditing Department (IAD) in discharging this responsibility. The Loan Department also coordinates closely with Operational Policy and Country Services (OPCS) on professional excellence on the part of all financial professionals employed by the institution, and supports building the capacity of Bank borrowers to enable them to introduce and maintain sound accounting and financial management systems and procedures relating to public funds.
CTRLD has approximately 120 staff, with 40 staff currently based in Washington, DC and 80 located in six main regional centers around the world (Brasilia, Beijing, Zagreb, Chennai, Manila, and Johannesburg).
The Loan Department is currently being reintegrated from two functionally distinct divisions (disbursements and fiduciary) to two fully integrated client service teams responsible for the end-to-end activities of the assigned Regions.
Desired Profile:
Duties:
Internal Control Reviews:
Perform compliance testing to ensure the operating effectiveness of the key controls
Ensure that the master data is set up accurately in our loan production system
Conduct reviews of documentation supporting disbursements to ensure it is in compliance with our policies and procedures
Monitor the completion of procedure checklists for all new operations
Assist in ongoing monitoring by gathering, calculating, and reporting key performance indicators
Management Reporting:
Assist in the preparation of the Operations Report for the Loan Department and the report to the Controller
Compile data and prepare other reports to support management and the operational units
Support of Project Initiatives:
Support project teams in automation initiatives by performing data validation procedures and testing the results of system outputs
Other:
Assist in filing and retrieval of documents, according to the Global Document Management guidelines
Respond to data inquiries, and generate statistical and other information for use by the management team
Assist Management and the Team Leader in other ad hoc requests
Departmental/ Divisional Tasks:
Support to Division administration, as required
Participate in departmental/divisional task forces
Identify issues relating to CTRLD policies, procedures and guidelines and recommend actions or enhancements.
Maintain support systems, and office resources to effectively and efficiently meet the demands of the work program, as articulated by the Team Lead.
Selection Criteria:
Proficiency:Fully Proficient or Specialist
Ability to manage complex projects, and multiple tasks against ambitious deadlines
Proficiency:Basic
Understanding of Bank policies and practices related to disbursement and contract management.
Proficiency:Basic
Knowledge of Bank’s internal controls and procedures
Proficiency:Basic
Knowledge of the Bank operational policies
Proficiency:Basic
Follow up on issues raised by the audits
Proficiency: Basic
Manage multiple tasks and projects
Proficiency:Basic
Knowledge of and ability to appropriately apply Bank operational policies, as they relate to disbursements
Proficiency:Basic
Distill and disseminate disbursement and financial management knowledge
Proficiency:Basic
General Competencies:
Attention to detail and numerical accuracy
Understanding of information systems and the application of new technology
Communicate effectively, in writing and orally
Deal sensitively in multi-cultural environments and build effective working relations with clients and colleagues
Ability to deal with rapidly shifting priorities and work demands, and willingness to learn new skills and seek help from others
Company Profile:
The World Bank is one of the world’s largest sources of funding and knowledge for developing countries. India is one of our oldest members, having joined the institution at its inception in 1944.
In India, the World Bank works in close partnership with the Central and State Governments. It also works with other development partners: bilateral and multilateral donor organizations, nongovernmental organizations (NGOs), the private sector, and the general public—including academics, scientists, economists, journalists, teachers, and local people involved in development projects.
Contact Details:
Executive Name:HR
Email Address:Chennaijobs@worldbank.org
Job Title:Chartered Accountant
Location:Chennai
Education:UG – B.Com – Commerce, PG – CA
Name Of Company:The World Bank
Job Description:
The assignment will be a Term appointment for a period of two (2) years subject to a probationary period of one (1) year.
Background / General Description:
Organizationally, CTR comprises three departments:
(1) Financial Instruments Accounting and Valuation, (2) Loans, and (3) Client Services Departments.
The Financial Analysis and Reporting, Accounting Policy, Knowledge Dissemination, and Operational Risks and Controls units also report directly to the Controller. These teams collectively include approximately 400 staff; of which 150 are located in Washington with the remaining 250 located in regional offices the largest being in Chennai, India. In fiscal 2010, the World Bank disbursed, through the Loan Department, approximately $40.3 billion in loans and credits, as well as approximately $2.6 billion in grants.
The Loan Department (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. These responsibilities encompass the disbursement of Bank loan funds, as well as the disbursement and administration of other Multilateral and Bilateral Donor funds entrusted to the Bank.
The Loan Department 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 relationships with Regional Management, Financial Management (FM) and Procurement (PR) Networks, Legal Department (LEG), Treasury Department (TRE), Concessional Finance and Global Partnerships (CFP), Department of Institutional Integrity (INT) and the Internal Auditing Department (IAD) in discharging this responsibility. The Loan Department also coordinates closely with Operational Policy and Country Services (OPCS) on professional excellence on the part of all financial professionals employed by the institution, and supports building the capacity of Bank borrowers to enable them to introduce and maintain sound accounting and financial management systems and procedures relating to public funds.
CTRLD has approximately 120 staff, with 40 staff currently based in Washington, DC and 80 located in six main regional centers around the world (Brasilia, Beijing, Zagreb, Chennai, Manila, and Johannesburg).
The Loan Department is currently being reintegrated from two functionally distinct divisions (disbursements and fiduciary) to two fully integrated client service teams responsible for the end-to-end activities of the assigned Regions.
Desired Profile:
Duties:
Internal Control Reviews:
Perform compliance testing to ensure the operating effectiveness of the key controls
Ensure that the master data is set up accurately in our loan production system
Conduct reviews of documentation supporting disbursements to ensure it is in compliance with our policies and procedures
Monitor the completion of procedure checklists for all new operations
Assist in ongoing monitoring by gathering, calculating, and reporting key performance indicators
Management Reporting:
Assist in the preparation of the Operations Report for the Loan Department and the report to the Controller
Compile data and prepare other reports to support management and the operational units
Support of Project Initiatives:
Support project teams in automation initiatives by performing data validation procedures and testing the results of system outputs
Other:
Assist in filing and retrieval of documents, according to the Global Document Management guidelines
Respond to data inquiries, and generate statistical and other information for use by the management team
Assist Management and the Team Leader in other ad hoc requests
Departmental/ Divisional Tasks:
Support to Division administration, as required
Participate in departmental/divisional task forces
Identify issues relating to CTRLD policies, procedures and guidelines and recommend actions or enhancements.
Maintain support systems, and office resources to effectively and efficiently meet the demands of the work program, as articulated by the Team Lead.
Selection Criteria:
Proficiency:Fully Proficient or Specialist
Ability to manage complex projects, and multiple tasks against ambitious deadlines
Proficiency:Basic
Understanding of Bank policies and practices related to disbursement and contract management.
Proficiency:Basic
Knowledge of Bank’s internal controls and procedures
Proficiency:Basic
Knowledge of the Bank operational policies
Proficiency:Basic
Follow up on issues raised by the audits
Proficiency: Basic
Manage multiple tasks and projects
Proficiency:Basic
Knowledge of and ability to appropriately apply Bank operational policies, as they relate to disbursements
Proficiency:Basic
Distill and disseminate disbursement and financial management knowledge
Proficiency:Basic
General Competencies:
Attention to detail and numerical accuracy
Understanding of information systems and the application of new technology
Communicate effectively, in writing and orally
Deal sensitively in multi-cultural environments and build effective working relations with clients and colleagues
Ability to deal with rapidly shifting priorities and work demands, and willingness to learn new skills and seek help from others
Company Profile:
The World Bank is one of the world’s largest sources of funding and knowledge for developing countries. India is one of our oldest members, having joined the institution at its inception in 1944.
In India, the World Bank works in close partnership with the Central and State Governments. It also works with other development partners: bilateral and multilateral donor organizations, nongovernmental organizations (NGOs), the private sector, and the general public—including academics, scientists, economists, journalists, teachers, and local people involved in development projects.
Contact Details:
Executive Name:HR
Email Address:Chennaijobs@worldbank.org