The International Finance Corporation (IFC), a member of the World Bank Group (WBG), provides support to its member nations by financing and supporting the private sector: creating jobs, improving corporate governance and environmental performance, and contributing to local communities. IFC works with its clients through two primary means 1. Investment Services, which provides capital to private companies in a variety of core industry sectors through a variety of structured debt and equity vehicles; and 2. Advisory Services,
which provides advisory and consulting services to public and private organizations in developing and transitional economies. IFC’s Advisory Services is organized into four primary businesses: Access to Finance, Investment Climate, Sustainable Business, and Public-Private Partnerships. The Partnerships and Advisory Services Operations Department (CPA) enhances IFC Advisory Services (AS) through streamlined operations, timely and accurate analysis and reporting, effective partnership development, and training. Within CPA, the Finance and Risk Management Unit (CPAFR) is the central unit for budgeting and financial management and reporting for Advisory Services. There is a large globally dispersed network of finance and budget officers across various regional offices. Funding for the AS business comes from a variety of sources including internal IFC funds as well as contributions from donor trust funds and fees from clients. Our current processes and systems have been retro-fitted for use by the AS business from their intended purpose to support IFC’s development banking operations. These processes and systems are being upgraded and “bridging” processes are being developed to better manage existing risks and reporting shortfalls. The unit is seeking a Manager Finance Advisory Services with strong and current experience in strategic financial management for a large, internationally-dispersed organization.
Duties and Accountabilities
Strategy
• As a true business partner to the Director of Partnerships and Advisory Services Operations (CPA Director), the Vice President of Advisory Services (AS VP), the Regional Heads of Advisory Services, and the Global Business Line Leaders (GBLLs) – collectively the AS Leadership Team - assess AS’s performance against both the annual budget and strategic plans
• Develop tools and systems to provide critical financial and operational information to the ASLT,CPA Director and AS VP and make actionable recommendations on both strategy and operations
• Provide strategic recommendations to the AS Leadership Team based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis, especially related to funding gaps, IFC leverage of donor and client funds, and burn rates
• Engage the AS Leadership Team and, as necessary, Corporate Finance around issues, trends, and changes in the operating model(s) and operational delivery. Assist in establishing yearly objectives, and selecting and engaging outside consultants (e.g., auditors, financial consultants, as needed to strengthen the business.
• Maintain close working relationship (and a secondary reporting line) with IFC’s Controller Department. Ensure that work programs of Controllers and CPA Finance and Risk Management are appropriately complementary. Partner as appropriate with IFC’s business and integrated risk departments to ensure operational risks of the AS business are fully incorporated and reflected in corporate risk frameworks.
• Develop a more consistent budgeting process and oversee long-term budgetary planning and costs management in alignment with the AS strategic plan
• Develop detailed funding plans that incorporate IFC, donor and client funding Financial and Operational Management
• Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate Generally-Accepted Accounting Principles (GAAP) and/or other appropriate accounting standards, regulatory requirements, and relevant audit requirements.
• Provide leadership surrounding new AS financial management system choices and implementation. Maintain and enhance the on-going relationship with IBRD CIO, Trust Funds Management team, and SAP specialists.
• Maintain internal control safeguards and coordinate all AS-related audit activities (including IAD for non-financial related internal audits)
• Forecast and manage the flow of funds both administrative and trust funds; direct all financial, project-based, and AS-level accounting
• Oversee planning and ensure availability of funds, as needed, for AS
• Oversee budgeting and the implementation of budgets so as to monitor progress and present financial metrics both within AS and to IFC’s management team
• Develop / enhance business processes, compliance testing and reporting to ensure appropriate risk management Administrative Leadership and Team /Practice Management
• Manage the CPA Finance team
• Co-lead with IFC controllers department, the network of Regional and Business Line Finance Officers (not direct reports).
• Ensure maintenance of appropriate internal controls and financial procedures
• Ensure timeliness, accuracy, and usefulness of financial and management reporting set standards for financial management and budgetary in the different regional offices and ensure common approaches across the business ; oversee the preparation and communication of required financial statements for AS
• Collaborate in coordinating audits and proper filing of /disclosure documentation, as necessary
• Ensure legal and regulatory compliance regarding all financial functions for AS Planning and Policy
• Coordinate the development and monitoring of AS business line budgets
• Develop AS financial business plans and forecasts
Selection Criteria
• A minimum of 15+ years of broad finance experience, particularly in a professional services environment
• An MBA/ CPA required
• Experience in a senior financial-management role, having worked as a true business partner to the divisional leadership of an organization, resulting in the development and implementation of creative financial management strategies
• Strong analytical skills and experience in interpreting a strategic vision into an operational model
• Significant experience with legal, audit, compliance, budget, and resource development
• Deep understanding of and experience with financial controls and audits
• Past experience successfully partnering with IT staff to manage critical financial management systems
• An effective communicator at all levels of an organization, with strong oral and written skills, willingness to share information, and experience in collaborating in a diverse and dynamic team environment
• Demonstrated passion for IFC’s mission
Click Here to Apply
Closing Date: Sunday, 19 February 2012
No comments:
Post a Comment