Location: Johannesburg, South Africa
Close Date: 02-May-2010
Background / General description:

The mission of the International Finance Corporation (IFC), the private sector arm of the World Bank Group, is to promote sustainable private sector investment in developing countries. High-impact advisory
services are central to the success of IFC’s strategy in Africa. The strategy focuses on improving the investment climate, proactively developing viable private sector investments, and increasing the competitiveness of small businesses. IFC s advisory services in Sub-Saharan Africa are implemented by the multi-donor IFC Private Enterprise Partnership for Africa (IFC PEP Africa). IFC PEP Africa is structured into five business lines, each with a Business Line Leader: Business Enabling Environment; Infrastructure, Access to Finance; Corporate Advice, and Environmental and Social Sustainability. Established in July 2005, IFC PEP Africa has experienced significant growth. By the end of FY09, IFC Advisory Services in Africa comprised a portfolio of 170 active projects with an AS value of $ 233.8 million. Growth is expected to continue as PEP Africa expands its reach into more countries and more sectors, especially within frontier markets. Access to Finance (A2F) is the largest of IFC PEP Africa s five business lines. Within the A2F business line, IFC PEP Africa designs and implements advisory programs that promote financial market development and investment in SME Banking, Leasing, Microfinance, Trade Finance, Housing/Mortgage Finance, Corporate Governance and Credit Bureaus. In many cases, the advisory services are combined with IFC investments. To manage the growth of the business line, IFC plans to recruit a Principal Operations Officer responsible for leading the business line. Reporting to the General Manager and the Global Business Line Leader, the A2F business line leader will be responsible for strategy development and execution, and for overseeing the portfolio of current and new A2F advisory services programs throughout Sub-Saharan Africa.
Duties and Accountabilities:

# Develop advisory services strategy for the Access to Finance/Financial Markets business line in close collaboration with IFC Africa Country Managers and staff, Financial Markets Africa Manager and investment staff team, Advisory Services business line leaders, IFC Industry Departments, and other relevant IFC/World Bank Group teams;

# Lead the implementation of this strategy, including designing programs, recruiting program managers and implementation teams, supervising program execution (including staff performance evaluations), and assessing results and impact;

# Supervise the access to finance IFC PEP Africa Operations Officers working on the SME Banking, Leasing, Corporate Governance, Microfinance, Trade Finance, Housing, and Credit Bureaux programs, as direct reports responsible for implementation of product line strategies;

# Deliver highest quality advice by applying best practice, rigorous quality control, benchmarking with the best in the sector, and knowledge sharing with other IFC facilities and similar programs;

# Ensure effective monitoring, evaluation and impact assessment of advisory programs in collaboration with the IFC PEP Africa monitoring and evaluation team;
[scholarships]
# Build and maintain strong relationships and networks within IFC, the World Bank Group and with external stakeholders and partners.
Selection Criteria:

# Relevant post-graduate qualification in business, finance or economics,

# At least 10 -years relevant experience (direct experience working in the private sector would be a definite advantage);

# Demonstrated leadership skills, acquired in a challenging multicultural environment, combined with the energy of a self-starter, imagination, initiative and drive;

# Demonstrated understanding of development finance and strong network within financial markets;

# Expertise in one or more of the following areas: SME banking, microfinance, leasing and/or housing;

# Proven track record in designing and implementing advisory services;

# Strong track record of people and program management;

# Ability to think strategically combined with rigorous organizational skills, attention to detail, and a highly-developed problem solving acumen;

# Strong record of managing relationships among senior public and private sector clients;

# Fluency in English required. French and/or Portuguese highly desirable. Note: No phone calls, paper mail or faxes please. All applications will be treated in the strictest confidence. Only applicants invited for interviews will be contacted.

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Close Date: 26-Apr-2010
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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Close Date: 22-Apr-2010
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. The Global Financial Markets Department s Housing Finance Group aims to increase the availability and affordability of residential housing in developing countries. It does so by introducing a steady source of new housing finance product ideas, technical assistance, strategic formulations, policy, procedures and effectiveness measures to better meet client requirements and leverage the IFC s own resources. The IFC employs a broad range of financial and non-financial tools to develop and improve primary and secondary mortgage markets and their financial mechanisms.
Duties and Accountabilities:

# Among other duties the specialist will be called upon to: Lead/support the appraisal, structuring, negotiation and processing of housing finance projects

# Lead/support the growth of the housing finance investment portfolio in the region by taking a pro-active role in both developing new business and processing and closing of housing finance investment transactions;

# Lead the supervision of projects, including client interaction, analytical assessments, on-site reviews and the preparation of internal report documentation

# Manage/support client relationships, particularly with respect to advisory services

# Contribute to the evaluation of mortgage markets and to IFC s regional strategy of mortgage markets and their implementation;

# Lead/support the fundraising process for housing finance advisory interventions

# Provide best-practice and technical advice to IFC staff and external clients

# Maintain good relationships with clients and government officials, develop marketing and training tools for housing finance;

# Mentor and coach less-experienced investment staff; and

# Build best-practice and participate in knowledge dissemination.
Selection Criteria:

# Master s degree in finance, economics or other related areas; accreditation as a CFA or CPA is considered a plus;

# 8+ years of experience in the housing finance business, with evidence of growing expertise in a variety of housing finance related disciplines : origination, servicing and operations of primary and secondary market activities; project and institutional risk management; real estate based lending; and credit underwriting; portfolio supervision; regulatory work in banking supervision of commercial or specialized mortgage lending institution. Experience in mortgage-backed securitization will be considered a plus.

# Strong analytical and problem solving skills to identify issues and present creative, practical solutions;

# Capacity to deal with conflicting priorities and deliver high quality work on schedule; facility to work successfully in multicultural teams and across boundaries;

# Ability to build and maintain relationships with the business community and governmental authorities; and

# Excellent presentation skills in English (oral and written); French is highly desirable. IFC offers a highly challenging and rewarding working environment with outstanding opportunities for professional growth, as well as attractive conditions. All applications will be treated in strictest confidence. Only applicants selected for interviews will be contacted.
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http://applicant.worldbank.org/psc/HRERECP/EMPLOYEE/HRMS/c/ROLE_APPLICANT.ERVIEWJOBS_PASSKEY.GBL?JOB_REQ_NBR=100731

Job #: 100805
Title: Finance Assistant, Johannesburg, South Africa

Job Stream: Accounting

Location: Johannesburg, South Africa

Close Date: 28-Apr-2010
Background / General description:

The Finance Assistant will be responsible for financial and accounting related functions for the IFC
Johannesburg office. He/ She will be reporting the Regional Financial Controller (RFC) of the Sub-Saharan Africa Department.
Duties and Accountabilities:

# MAIN TASKS SAP/Imprest Administration Processing and payment of the following in SAP: – local staff salaries and benefits – consulting contracts, fee invoices – purchase orders – travel advances and other travel related expenses – all other payables and miscellaneous payments

# Monthly reconciliation of bank accounts

# Ensures that imprest fund and petty cash are adequately funded at all times through regular monitoring and replenishment

# Timely recording of office (shared) expenses

# Where applicable, monitor and process refund for VAT and other reimbursable taxes

# Monthly review of expenses for accuracy, and ensures timely corrections/adjustments of erroneous transactions Time Recording (TRS) and Leave and Attendance Records (LARS) In coordination with the TRS/LARS Coordinator, ensures that:

# all staff record/enter their time in the TRS on timely manner

# time entered are complete and accurate

# staff overtime have proper approval from the Unit Manager

# the Unit Manager is regularly informed (through bi-monthly or monthly report) of non-compliance by staff and that appropriate action is taken Fixed Assets Administration Ensures that:

# all asset procurements and disposals conform with WBG policies and procedures

# all assets are properly identified, tagged and recorded in SAP

# all assets are appropriately covered by insurance

# regular physical inventory is conducted and that all missing items are reported and appropriately resolved Office Budgeting and Monitoring

# Contributes to preparation of annual budget for the office in accordance with the standard and agreed budget assumptions and processes

# Ensures that the office is adequately funded, in terms of budget allocation

# Performs monthly review of office expenses for accuracy, compares them with the budgets, and prepares/submit results of such review to the Unit Manager and RFC together with explanation of major variances Other Responsibilities

# Ensures that all financial records and files (e.g., supporting documents for expenditures, contracts, purchase orders, fixed asset inventory, etc) in the office are well organized, maintained and updated

# Acts as the focal person in the office on all WBG policies and procedures relating to SAP, imprest and other financial matters

# Acts as contact person for internal and external audits of the office on behalf of the RFC

# Ensures that office vehicle usage policies and procedures are adhered to, analyses the trends in maintenance/fuel costs and advices the Unit Manager as appropriate

# Reconciles vouchers on visitors usage of the office. Ensures that the office is reimbursed for personal calls, copies, vehicle usage and other personal costs

# Performs other duties as required
Selection Criteria:

# Degree in Accounting or Finance (or equivalent) with at least minimum 1 years IAS accounting experience in Western corporate setting. If only a holder of diploma or certificate, at least minimum of 3 years of accounting or financial work and in the process of pursuing an internationally recognized accounting or finance designation (CA, CMA, CPA, MIA, etc)

# Knowledge in financial accounting and reporting, and in project costing

# Competence in the use of Microsoft Office applications, with previous experience in ERP (preferably, SAP) being a significant advantage

# Ability to work in multi-cultural environment

# Strong written and oral communications skills, fluency in English is essential

# World Bank Group experience is preferred
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