E T Consultant

E T Consultant

Description

At the World Bank, a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives. For more information, visit  https://www.worldbank.org/en/who-we-are/ibrd

The Loan Accounting & Reporting Division (CTRLA / CTRLN)—operating across Washington, D.C., Chennai, and Manila—serves five vital functions for the World Bank's IBRD and IDA loan portfolios: it manages day-to-day transactional accounting and quarterly/annual ledger closings for external audits, feeds critical financial data and analytics to downstream corporate reporting units, services borrower debt repayments while actively engaging operational teams to prevent defaults, leads the end-to-end design, implementation, and stabilization of new loan and guarantee products, and acts as the primary analytical focal point for Senior Management queries.
How your contributions will help us achieve our goals

The Extended Term Consultant (ETC) in Chennai delivers technical expertise in IBRD/IDA loan products and policies, oversees monthly ledger closings, and fosters cross-divisional knowledge sharing. They serve as a key technical liaison across Finance VPUs, Operations, IFC, MIGA, and external auditors while rapidly resolving urgent, ad-hoc organizational issues.

Key Responsibilities 
•Support loan accounting and servicing operations across a portfolio of financing products and borrowers.  
•Execute financial transaction processing activities, including adjustments, refunds, invoicing, and other accounting-related transactions.  
•Perform master data management activities, including review, validation, maintenance, and approval of borrower, project, and financing-related data.  
•Provide client support services by responding to borrower and stakeholder inquiries and coordinating the resolution of operational issues.  
•Support debt service operations, including monitoring payment-related activities, preparing client communications, and following up on outstanding items.  
•Contribute to process improvement, reporting, and automation initiatives that enhance operational efficiency, controls, and data quality.  
•Participate in special projects, testing activities, and transformation initiatives that support the modernization of loan accounting and servicing processes. 

Selection Criteria

What will you bring
•CA, CPA or equivalent designation. Bachelor’s in finance, Accounting or relevant discipline
•Minimum 3 years of relevant qualification experience in a corporate accounting setting, and hands on experience in an accounting production environment
•Strong analytical and documentation review skills, particularly in reviewing legal agreements, project documents, PADs, negotiation minutes, and loan choice worksheets.  
•Ability to manage client-facing debt service queries and coordinate effectively with country Financial Officers.  
•Detail orientation in preparing notices, invoices, borrower setup information, refund checklists, and adjustment documentation.  
•Automation and process improvement experience 

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.