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    Finance Officer - Nairobi, Kenya - World Bank Group

    World Bank Group
    World Bank Group Nairobi, Kenya

    6 days ago

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    Description


    Job Description



    Description


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    The Finance Officer will: service as a WFACS country focal point for an assigned country portfolio; perform the review and clearance of the preparation packages for new World Bank-funded projects; support the disbursements-related aspects of the project implementation; and perform the client relationship management with the various stakeholders that WFACS engages with.

    Project Preparation:

  • For pipeline projects in assigned portfolio countries, provide support to task teams by reviewing project documents (Concept Notes, Appraisal Documents, Financing Agreements, etc.) and other sources of information, providing timely inputs and raising issues, which may have an impact on disbursement arrangements, or are unclear, and escalate to management any issues that require management action or support.
  • Advise the task team on disbursement-related aspects of loans/credits/grants/TFs to ensure they are consistent with Bank policies and procedures and will adequately support project implementation with due regard for economy and efficiency.
  • Prepare disbursement and financial information letters (DFIL), loan repayment terms and amortization schedules, and participate in project preparation meetings including technical discussions and negotiations.
  • Review and clear project/program documents including, negotiation and board packages, in accordance with WFA standard procedures and applicable Bank policies.
  • Setting up of the loan financing terms and loan data in the system (iLAP).
  • Carry out the disbursement risk assessment of projects.
  • Carry out the responsibilities in compliance with WFA's control framework.
  • Design and deliver capacity-building training (e.g. Disbursement Trainings), in coordination with FNs and the TLs.
  • Deliver project preparation training and job shadowing initiatives for Finance Analysts (FN) to further develop FN's ability to serve clients.
  • Conduct quality assurance on the work done by FNs and provide input into the performance appraisal of the FNs.

    • Project Implementation:

  • Manage highly complex Level 1 restructurings.
  • Advise and resolve complex implementation issues, including those that require coordination with other units such as Integrity (INT), CMUs, Global Practices (GPs), Financial Management (FM) or Procurement.
  • Provide advice on financial terms of products or disbursement related issues at country level, for example lapsed loans impacting advances.
  • Update the disbursement risk ratings in iLAP for all projects under her/his portfolio, as needed.

    • Engagement with stakeholders:

  • Serve as a solution provider for advice to internal clients and external on preparation and implementation issues in the assigned countries.
  • Partner with Legal, Financial Management and Procurement to provide cohesive approach to engaging with TTLs.
  • Appropriately handle other tasks that may be assigned by WFATL's management.
  • Coordinate/lead special project/initiative assigned by the management.

    • Selection Criteria:

    What you will bring:

    Education:

  • A Bachelors' degree in Finance, Accounting or a relevant discipline.
  • A recognized accountancy qualification (e.g. Certified Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA), Chartered Institute of Public Finance Accountants (CIPFA)) is required.
  • A Master's degree in a relevant discipline – such as finance and accounting – is a plus.

    • Experience:

  • Minimum of five (5) years of relevant work experience.
  • Experience with a financial institution is a plus.
  • Big Four accounting firms' or equivalent public accounting experience is a plus.

    • Language:

  • The ideal candidate should have advanced fluency in both English and French, with the ability to clearly communicate in both written and spoken forms and to conduct meetings in these two languages.

    • Source:



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