ET Consultant - Investment Accounting

Job #: req36655
Organization: IFC
Sector: Finance & Accounting
Grade: EC1
Term Duration:  1 year 0 months
Recruitment Type: Local Recruitment
Location: Chennai,India
Required Language(s): English
Preferred Language(s):
Closing Date: 6/2/2026 (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 Policy & Implementation - Investment Accounting sub team (CTRPI- IA) within the WBG Controllers (CTR) has overall responsibility for the accounting analysis, evaluation and implementation for IFC’s complex loan, equity and guarantee transactions, working extensively with IFC’s investment officers and other staff in CTR. This position reports directly to and assists the CTRPI-Investment Accounting Supervisor.

CTRPI- IA is seeking an ET Consultant (ETC) staff for one year to support and contribute the teams work program which includes: the accounting implementation of complex loan, equity and guarantee transactions and work extensively with Investment Officers and CTR staff.

The individual will identify transactions to be scoped in for review by the unit on a daily basis and allocate scope in transactions to the team. The individual will also assemble documents and information on projects selected for accounting review, document the fact pattern summarizing the project and investment structure and, for simple investment transactions, compare the legal agreement to the accounting standards and provide accounting conclusions relative to the applicable accounting treatment of the investment. The individual will be required to perform these duties leveraging on the A.I. tools used by the team.
The individual will have basic technical accounting knowledge of US GAAP and/or IFRS guidance for loan/equity/guarantee investments, particularly with respect to Consolidation and / or identification of Derivatives. A self-starter, the candidate will be a highly disciplined individual with excellent accounting/auditing and strong interpersonal skills. S/he must be able to gain the cooperation of technical and business staff at all levels and across departmental boundaries. In addition, the individual must have a keen interest in technology and leveraging on A.I. to complete the tasks assigned to them
Roles and Responsibilities
The individual’s responsibilities will include:
•  Leverage on A.I tools to identify transactions to be scoped in for review and assign these reviews to members of the unit.
•  On an ongoing basis, prepare and document the investment structures and background facts for scoped-in transactions and perform accounting analyses for simple investment transactions. This task should leverage use of A.I tools as much as possible.
•  Undertake frequent discussions with Investment Officers and Investment Accounting team members to clarify information or obtain additional information.
•  Participate in the continuous process improvement and efficiencies. Document and update the Investment Accounting procedures for monitoring and assessing significant influence factors, Consolidation, Debt Securities, and other related accounting areas. 
•  Regularly share key information on processes, timelines, responsibilities, expectations and potential problems with supervisors and team members and seek their input.
•  Assist in various compliance testing and other compliance activities as assigned.
•  Perform other duties as assigned from time to time.

Selection Criteria

•  Master’s degree in accounting, finance or related field is required and preferably 2 years of relevant professional experience. An internationally recognized professional accounting qualification (e.g. CPA, CA, ACCA or equivalent) is a plus.
•  Basic technical accounting knowledge of the accounting for financial instruments under US GAAP (particularly with respect to Consolidation and/or Derivatives accounting) is desirable. Relevant IFRS experience will also be considered.
•  Excellent writing and data analysis skills, with an ability to convey effectively and precisely key messages.
•  Strong A.I skills and comfortable working with modern technology 
•  Strong interpersonal skills and cultural awareness.
•  Comfortable working in pressured environment with capacity to deliver high-quality outputs and results to tight deadlines.
•  Ability to multitask and work effectively in multidisciplinary teams.
•  Excellent organizational, research, and analytical skills.
•  Experience within IFC and knowledge of its accounting systems is advantageous

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

As per WBG policy, an Extended Term (ET) appointment is subject to a lifetime maximum of three (3) years. Former and current ET staff who have completed or are in the process of completing their third-year ET appointment are not eligible for future ET appointments.

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. 

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Before applying, please make sure that you have read the requirements for the position and that you qualify. Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.