Senior Finance Officer

2 weeks ago

Johannesburg, South Africa IFC Systems Corporation Full time

**Senior Finance Officer**

**Job #**:

- req25152**Organization**:

- IFC**Sector**:

- Finance & Accounting**Grade**:

- GG**Term Duration**:

- 3 years 0 months**Recruitment Type**:

- International Recruitment**Location**:

- Johannesburg,South Africa**Required Language(s)**:

- English**Preferred Language(s)**:
**Closing Date**:

- 12/1/2023 (MM/DD/YYYY) at 11:59pm UTC**Description**

The Budget and Business Administration Department (CBA) integrates financial sustainability and resource and administration functions under one umbrella to enable execution of management and operational needs in the best way. Aligning IFC’s strategy and resource management capabilities and deliverables while supporting IFC’s financial sustainability mandate is imperative for our strategic engagements and client delivery. The Finance Unit (CBAAF) for the Africa Region (CAF) is responsible for work program planning, budgeting, monitoring, budget & financial reporting for all the offices in the CAF Region. Overall, CBAAF maintains cost efficiency and effective controls over all financial transactions and provides support for effective management of resources.

**Role & Responsibilities**:
The Senior Finance Officer, Africa will be responsible for:
**Budget and Resource Management**
- Lead and collaborate with the business at various levels (Regional Director/Country Managers/Department Managers etc.) for unit-level budget activities (annual planning, forecasting) and resource alignment to strategy and business priorities.
- Lead budget discussions and assessments with business units.
- Manage staff cost affordability for the unit in collaboration with the HR Business Partner.
- Partner with the Partnership team on Donor funding availability and utilization of Internal funds for projects and programs according to Governance.
- Monitor capital projects and manage their financial impact.
- Actively participate in Global/Regional/Functional ad-hoc working groups to tackle problems and share best practices.

**Management Reporting and Analytics**
- Contribute to executive decision-making with analytics, financial advice, and budget management to improve business performance.
- Independently supervise donors' reporting function within the regional department.
- Deliver value-added analytics and solutions to enable better decision-making for clients.
- Lead delivery of financial and operational reports on a monthly and quarterly basis.
- Collaborate with the Real Estate team on office ecology and footprint analytics.
- Establish a strong knowledge network and promote knowledge sharing within and outside CBA.

**Financial Control and Compliance**
- Supervise finance and accounting activity in Regional Country Offices.
- Support the department’s internal control framework and monitor financial transactions
- Design, development, and implementation of control procedures to manage and mitigate fiduciary risk.
- Lead quality assurance reviews of reports, ensuring compliance with institutional requirements.
- Document processes, risks, and controls and assign internal accountabilities.
- Identify opportunities to automate and simplify processes and implement improvements for efficiency within Policy framework.
- Maintain strong control environment and scorecard ratings.
- Provide business intelligence and support during audits.
- Ensure compliance with World Bank group policies and procedures in the Region.

***

**Team Management**
- Lead and coach the CBA Africa team on their annual objectives, personal development goals and long-term career growth.
- Develop a structured approach for staff learning and development, aligned with competency framework and succession planning.
- Build capacity within the team and provide mentorship to meet individual needs.
- Leverage the expertise of all team members for successful outcomes. encourage open communication and collaboration and facilitate new ways of doing things.
- Promote the sharing of knowledge and information within the team to scale best practices.

**Selection Criteria**
- A relevant advanced degree (e.g., Finance, Accounting, Business, Economics, etc.) and substantial professional experience (12-15 years) in positions of increasing complexity and responsibility.
- Recognized professional accounting accreditation (CPA, CMA, CIMA, ACCA, etc.) and sound knowledge of accounting theory and practical financial skills, including financial reporting, business planning, budgeting, profitability analysis, and financial management.
- A strong understanding of resource management processes, procedures, systems, and policies in IFC is desirable.
- Superior written and verbal English communication skills, along with excellent presentation abilities
- High degree of professional integrity, discretion, tact, and sensitivity, conveying complex messages concisely and diplomatically. Willing to risk expressing beliefs about what is right, despite criticism or disagreement.
- Excellent profession

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