Background / General description:
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is a global investor and advisor committed to promoting projects in its developing member countries that are
economically beneficial, financially and commercially sound, and environmentally and socially sustainable. IFC finances private sector investments, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to governments and businesses in the developing world. IFC MENA Department is looking to hire a Finance Assistant/Analyst to work in our regional office in Cairo, Egypt. The Finance Assistant/Analyst s responsibilities would be assigned to assist the Investment and the Advisory Services Operations in MENA in the duties and responsibilities mentioned below.
Duties and Accountabilities:
The Finance Assistant/Analyst will perform the following duties for Investment and Advisory Services operations, but not limited to: - Preparation and/or review of the Investment and Advisory Services department s monthly, quarterly and annual financial reports - Assist the Regional Department in managing, monitoring and reporting on all department resources (i.e. budget, staff, reimbursable, chargeback and cross-charging) - Conduct monthly review of Facility/Program expenses for accuracy, budget availability and compliance - Monitors and analyses cost effectiveness performance at the unit, activity, product, and project levels. Prepares ad hoc analyses based on IFC cost information stored in various source systems, (e.g. SAP, FTS, IDesk, RMS, MIS, etc,.) and combines the information into appropriate format for further manipulation and analysis - Actively oversees and monitors accounts (including reimbursable costs), analyzes and forecasts budgets and accruals, evaluates commitments and expense trends, alerts management to critical variance from assumptions and plans, and recommends deployment of resources - Collaborate with Finance Officer in developing and managing the budget, work program, internal controls and staffing issues as they relate to the Administrative/DFO Budget in MENA - Conducting regular audits of financial documents; providing recommendations based on review/audit findings and implementing follow-up actions - Handle SAP/Imprest Administration (processing of payments, executing payment runs, maintaining and regularly reconciling all accounts, etc.) - Handling other ad-hoc tasks as assigned by the Regional Finance Controller
Selection Criteria:
- Bachelors Degree in Accounting, Finance, Business or Economics with at least 7 years of working experience - Recognized professional accreditation (CPA, CIMA, ACCA, etc) is a plus - Sound knowledge and understanding of accounting theory, concepts and principles, financial accounting reporting, budgeting, cost allocation - Proven practical skills in GL, AP/AR, journal entries, account reconciliations, budgeting, analysis of financial data, preparation of financial reports - Advanced skills in Excel and Access, working knowledge of Microsoft office - Strong conceptual, analytical and evaluation skills - Ability to research, analyze and synthesize information, interpret data, retrieve information and clearly and concisely summarize results - Prior experience in ERP applications (SAP) a significant advantage - Strong communication skills with the ability to prepare, present and discuss findings in written or oral form - Strong English skills is a must and Arabic is desired
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