Description

Build a career with impact. Working at the World Bank Group (WBG) provides a unique opportunity to help countries solve their greatest development challenges. As one of the largest sources of funding and knowledge for developing countries, the WBG is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.

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. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions, and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit: https://www.ifc.org

About the WBG Controllers Vice Presidency Unit (WBG Controllers VPU)

The WBG Controllers VPU is responsible for all aspects of the financial reporting, internal control framework for the WBG, and the extensive Trust Fund/Partnership portfolio across WBG entities. It supports an appropriate fiduciary control framework and administers WBG’s financial operations and leads the client service function for the WBG’s corporate expenses. Organizationally, the WBG Controllers VPU is comprised of three departments:(1) Corporate Accounting and Reporting, (2) Trust Funds and Loans, and (3) Financial Controls. The VPU’s mandate encompasses support for both internal and external clients, with a focus on delivery, optimization, impact, and people & culture.

IFC Corporate Reporting Unit

Operating within the WBG Corporate Accounting and Reporting department, the IFC Portfolio Review unit leads governance and oversight of expected credit loss provisioning for IFC’s Investment Portfolio under US GAAP (ASC 326/CECL), including quarterly portfolio review cycles, assumption updates, end-to-end calculation, documentation, and reporting of reserves. The team manages the Investment Portfolio Accounting and Reporting (IPAR) system, synthesizes portfolio outcomes through quarterly engagements with Regional and Global Industry Managers, and collaborates with Controllers, Special Operations, Risk Management, Portfolio Management and Economics on emerging issues. It serves as the primary interface for external audits of loan loss provisioning, ensuring audit-ready evidence, controls, data integrity, and policy adherence across disbursed loans and off-balance sheet credit exposures such as guarantees and undisbursed commitments.

The unit chairs quarterly portfolio review meetings with industry managers and serves as the secretariat for IFC’s Loan Provisioning Governance Committee. It also provides training in headquarters and in the field. The team is co-located in Washington DC and in Chennai, India.

The IFC Corporate Reporting unit seeks an Associate Financial Officer in Chennai to assist with portfolio review and loss provisioning program.

Based in Chennai, India, and reporting to the Senior Financial Officer (CTRCC), this role is ideal for a finance and accounting professional seeking to expand their leadership impact, champion technology-enabled operational excellence, and contribute to the future direction of the Portfolio Review unit.

Duties & Responsibilities

The successful candidate will perform the following duties and responsibilities:

• Program support and governance: Contribute as a senior team member to the portfolio review and loss provisioning program by supporting methodology implementation, systems (IPAR), data, controls (ICFR), and financial reporting activities; assist with quarterly portfolio review meetings; support governance processes for provisioning models and the Loss Provisioning Governance Committee (LPGC).

• Provisioning execution and analytics: Conduct independent quarterly portfolio reviews; oversee monthly IPAR closings and reserve calculations, including write-downs, NPLs, and recovery assets; prepare analytical materials for flash reports, management presentations, and LPGC submissions. Prepare Notes to Financial Statements.

• Stakeholder engagement and coordination: Build trusted partnerships with key stakeholders to align on risk drivers, CECL assumptions, and methodological changes for new products and accounting updates; coordinate the Loss Provisioning Working Group on CECL impacts, parameter updates, model validation, and qualitative overlays; represent IFC in engagements with auditors, DFIs/MDBs, and external stakeholders.

• Systems and process improvement: Partner with IT to define requirements, enhance and integrate provisioning systems and related platforms, strengthen data quality and controls, and optimize reporting.

• Knowledge and cross support: Design and deliver training; support provisioning programs for WBG, Blended Finance, and third parties with consistent standards.

Selection Criteria

• Chartered Accountant or equivalent designation (e.g., CA, CPA, ACCA or equivalent).

• Bachelor’s degree in Finance, Accounting, or a relevant discipline. Master’s in Finance, Accounting or relevant discipline is a plus.

• 6+ years of experience in corporate or public accounting.

• Knowledge of IFC’s operations and portfolio is a strong plus.

• Expertise in credit analysis, financial modeling, and asset valuation in emerging markets. Sound knowledge of US GAAP and/or IFRS, including ASC 326/CECL.

• Proficiency with Office 365 products and other digital tools and technologies; ability to use low-code/no-code solutions, manage large databases across systems, and build dashboards for analysis and decision support.

• Familiarity with best practices in internal controls over external financial reporting.

• Strong analytical skills, project management experience, and communication skills; effective stakeholder engagement; ability to tailor complex topics and work independently with sound judgment.

• Ability to work independently as a project manager, take initiative, and anticipate and respond quickly to emerging situations.

Note: This internal requisition is open to WBG and IMF staff only (including short-term and extended-term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

If the selected candidate is a current World Bank Group Staff Member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. If the selected candidate is a current World Bank Group Staff Member with a Term appointment that expires later than the end date of this appointment, s/he will retain the duration of his/her current Term appointment.

WBG Culture Attributes:

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

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.

Learn more about working at the World Bank and IFC including our values and inspiring stories.