IFC (International Finance Corporation), WORLD BANK GROUP

Job Vacancy at International Finance Corporation (IFC)

Position: Finance Assistant

Job #: req5187
Organization: IFC
Sector: Budget
Grade: GD
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Kathmandu, Nepal
Required Language(s): English, Nepalese
Preferred Language(s): 
Closing Date: 12/18/2019 (MM/DD/YYYY) at 11:59 PM UTC

Do you want to build a career that is truly worthwhile? The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. For more information, visit

IFC's Budget & Administration Department (CBA) plays a significant role in achieving IFC’s mission - actively contributing to executive decision making by delivering analytics, financial advice and budget and finance management to enhance business performance and delivery of strategy. CBA includes a network of over 200 staff and is embedded in every part of IFC’s business. Key Principles of the Department include Client Orientation, Transparency and Excellence in functional delivery with a sharp focus on Efficiency and Financial Sustainability. CBA is part of the Vice Presidency for Corporate Strategy & Resource Management with the mandate to connect the dots around the organization and bring insight and consistency to IFC’s financial management, in alignment with strategy implementation.

The CBA Finance and Strategic Partnerships (CFAFP) unit, within CBA, has a broad mandate that includes: (i) financial and budget management and analytics to communicate the dynamics and drivers behind IFC’s cost of doing business; (ii) coordination of the effective allocation and utilization of IFC’s resources linked to strategic priorities & goals, and enhancement of efficiency and productivity delivery/measurements; and (iii) increased partnership between finance and operations resulting in better integration of IFC’s strategic direction with resource allocation and financial sustainability.

CBASA is a unit within CBAFP supporting operational teams in IFC’s South Asia. CBASA currently seeking a Budget & Finance Assistant to join CBA team in Kathmandu office. The successful candidate will report to the Finance Officer for CBASA for the overall financial administration and accounting practice of the South Asia region with focus to IFC Kathmandu office.

Duties and Accountabilities:
The Finance Assistant’s main tasks will include but are not limited to the following:

Imprest Administration:
  • Processing of vendor/staff payments and consultant reimbursements in E-Payables
  • Ensure regular accounting, reconciliation and timely replenishment of IFC petty cash.
  • Monthly review of expenses for accuracy and ensures timely corrections/adjustment of erroneous transactions.
  • Where applicable, monitor and process refund for VAT and other reimbursable taxes.
  • Perform Travel advance payment runs for IFC transactions and coordinate with Nepal IBRD counterparts for Travel advance and return processing.
  • Perform and ensure correctness in transaction for GL, Charge code, vendor, Tax etc.
  • Support ACS on procurement for PO threshold, Petty Cash handling, PCard, vendor registration and maintenance, charge code inquiries etc.
  • Liaise with AP, AR, vendor and IBRD to ensure timely payments and receivable process.
  • Perform all the above tasks for Kathmandu office as well as support Thimphu and Dhaka offices.
Monitoring & Reporting:
  • TRS, in coordination with the TRS coordinator, ensure that staff record/enter their time in the TRS n timely manner.
  • Monitor implementation of PCard and Event Card to ensure compliance to the institutional policies and guidelines.
  • Fixed assets: ensure that all asset procurements, disposals and reporting conform with WBG policies and procedures.
  • Maintain strong controls for IFC related transactions to ensure a STRONG scorecard rating for Nepal Business Area.
  • Providing ad-hoc reports at the request of management.
Liaison and Knowledge sharing:
  • Coordinate with GPP team for invoice processing, invoice query resolution, clearance of vendor open items.
  • Liaison with Chennai office regarding Imprest/Payroll/SRS/Travel audit/Account Payable issues
  • Providing expert advice and guidance to staff on accounting theory and practice, recommending solutions to various issues, travel and other policies.
  • Support CSA Finance Colleague on Nepal Office Budget forecast and monitoring.
  • Support Advisory operational staff to resolve finance related inquires.
  • Perform ad-hoc assignments and serve as back-up to a role, as required.
  • Respond to review undertaken by Quality Assurance team on IFC transactions
Selection Criteria
  • Degree in Accounting or Finance with at least 2 years of financial management experience in corporate setting.
  • Sound knowledge in financial accounting and reporting.
  • Excellent communication and networking skills, fluency in English is essential. 
  • Ability to maintain collaborative work relations with all levels of staff. 
  • Strong commitment to team work and knowledge sharing is an essential attribute.
Poverty has no borders. Neither does excellence. This is why we continually search for qualified individuals with diverse backgrounds from around the globe. We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

How to Apply:

Application deadline: December 18, 2019 at 11:59 PM UTC

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