Associate Finance Officer - Asia & Pacific (India)

Associate Finance Officer - Asia & Pacific Job #: req35696 Organization: IFC Sector: Budget Grade: GF Term Duration: 3 years 0 months Recruitment Type: Local Recruitment Location: New Delhi,India Required Language(s): English Preferred Language(s): Closing Date: 3/6/2026 (MM/DD/YYYY) at 11:59pm UTC 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 www.ifc.org. The Vice Presidency for Strategy & Operations Support (COSVP) integrates Strategic Initiatives and Resources, HR, Communication, Partnerships, and Information & Technology functions under one umbrella to enable the execution of IFC’s management and operational needs effectively. Within COSVP, the Strategic Initiatives and Resources Department (CSR) is the unified IFC/MIGA/WBG budget, trust‑fund, and strategic‑change function responsible for budget formulation and monitoring, financial reporting and controls, trust‑fund management, and coordinating major institutional reforms and strategic initiatives. CSR supports management decision-making by optimizing the allocation of resources, strengthening budget discipline, improving transparency and analytics, and promoting consistent application of policies and controls. Within CSR, the CSRAP unit supports Asia Pacific operations and is seeking an Associate Finance Officer based in New Delhi, India. Reporting to the Regional Financial Controller for South Asia, the Associate Finance Officer will be responsible for partnering a client department (South Asia region/Asia industry department/Country office(s)) for financial management related activities such as resource management, analytics, reporting, Trust Fund Management and Controls. The incumbent is expected to have solid knowledge of IFC Asia VPU strategic priorities and good understanding of IFC’s budget formulation process and principles Roles & Responsibilities Business Planning, Budget & Resource Management: • Coordinate department-level budget planning, formulation, execution, and allocation across funding sources, in close partnership with clients at Director/ Manager levels and other stakeholders.• Monitor the department’s funding position by analyzing expenditure and forecast trends; highlight risks/opportunities and propose options (including reallocation scenarios) for management decision-making.• Support workforce/staff affordability tracking in coordination with the HR Business Partner (e.g., staff cost planning, staffing levels, and related system inputs).• Track alignment of resources with the work program / strategic priorities; ensure integrity and quality of budget data through regular reviews.• Other ad hoc tasks as required to support the financial management of department operations. Management Reporting, Analytics & Communications: • Prepare accurate, audience-tailored management reporting on budget execution and funding sources; provide variance analysis, explicit interpretation and concise recommendations.• Deliver ad hoc and deep-dive analysis as needed (e.g., drivers of variances, staffing cost trends, funding utilization), using data from SAP and other sources.• Support and/or coordinate donor/trust fund reporting in line with agreements and governance, partnering with relevant Portfolio and Partnership teams.• Advise / liaise with staff in the Department to improve knowledge and awareness with respect to budget methodologies, policies, and key controls.• Promote active sharing of knowledge and establish a strong knowledge network within and outside CSR.• Identify opportunities to simplify, automate, and improve processes, find creative solutions and implement improvements to enhance efficiency.• Actively participate in Global/Regional/Functional ad hoc working groups and disseminate learnings to other colleagues. Financial Control and Fiduciary Responsibilities: • Support internal control framework of the department’s financial transactions; monitor exception reports and resolve issues in a timely and effective manner. • Ensure accurate time recording / charge code usage and staff cost accounting; advise staff on corrections and positive practice.• Assist and provide business intelligence and, if required, supporting documents and reconciliations during preparation to internal and external audits and coordinate their smooth implementations.• Ensure compliance with applicable WBG/IFC policies and procedures and Financial Accountability Framework within the department. Selection Criteria • Master’s degree in finance, accounting, business, economics, or related field with 5+ years of relevant professional experience or the equivalent combination of education and experience. Additional professional finance/accounting qualifications will be an advantage (e.g., CA, ACCA, CIMA)• Sound knowledge and understanding of accounting theory and principles, combined with proven practical skills in financial and management accounting, reporting & analytics, business planning, budgeting and financial controls/audit. Ability to understand different financial reports and ledgers. • Understanding of IFC operations, regional context, IFC funding sources and their associated restrictions and limitations would be a significant advantage• Strong problem-solving, conceptual, and analytical skills. Good understanding of critical linkages and relationships between budget processes, business operations and financial objectives.• Ability to research and interpret data and information from different sources; Retrieve data from SAP or other databases to analyze and support decision-making. • Strong proficiency in Microsoft Office (Excel, PowerPoint and Word) with attention to structure, accuracy and detail. Strong spreadsheet design and manipulation skills, with the ability to quickly develop effective understandings of various accounting/finance data structures and data inter-relationships to effectively evaluate and make recommendations; Able to use PowerPoint to communicate messages simply, visually and effectively. • Proven, consistent dedication to excellence and consummate attention to detail.• Proven experience in the development and/or implementation of current technologies related to analytics, resource management, and budget/operations planning and monitoring. Interest in or enthusiasm around working with technology rollouts.• Strong communication skills (in English), both written and oral, to convey complex budget and administrative financial issues concisely to management and staff.• Ability to work independently and as part of a team; effectively prioritize and manage multiple concurrent assignments and deliver under pressure to meet deadlines.• Strong interpersonal skills and ability to work effectively with internal/external partners in a multicultural environment. Ability to develop solid relationships with key stakeholders and build productive partnerships. 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. 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.