The World Bank Group (WBG) is one of the world\u2019s largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. To ensure that countries can access the best global expertise and help generate cutting-edge knowledge, the World Bank Group is constantly seeking to improve the way it works. Key priorities include delivering measurable results, promoting openness and transparency in development, and improving access to development information and data. Innovation and partnership bond the five institutions of the World Bank Group (WBG): The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. The World Bank Group (WBG)\u2019s twin goals of ending extreme poverty and promoting shared prosperity reflect a new global landscape: one in which developing countries have an unprecedented opportunity to end extreme poverty within a generation.<\/p>\n
Job Description<\/strong><\/p>\n Job Title:\u00a0Resource Management Assistant<\/strong><\/p>\n REGIONAL CONTEXT<\/strong><\/p>\n The Africa Region is committed to helping Africa realize its considerable development potential, with a focus on employment generation. The core values guiding our work are passion for our mission of sustainable poverty reduction with keen attention to quality and transformative impact, putting the needs of the client at the center of all our activities, trust and respect as a common currency, intellectual rigor and curiosity, honesty and integrity, teamwork, openness to learning and the courage to admit we do not always have the answer. Several countries in Africa region\u2014including some fragile states\u2014have made great strides in improving their environment for business. that the Region is increasingly seen as a destination for investment as much as for aid; and one where leaders are increasingly willing to address problems of poor governance that harms development effectiveness. The Africa Region seeks to seize this unprecedented opportunity to better support our clients in realizing the ambition of eradicating extreme poverty and boosting prosperity.<\/p>\n BPS VPU CONTEXT<\/strong><\/p>\n The Budget, Performance Review, and Strategic Planning Vice Presidency (BPS) is organized into 2 departments: BPSGR – the budget team supporting Operational Units; BPSCM – the budget team supporting Institutional, Governance, and Administrative Units as well as the Corporate Budget Center; BPSGR and BPSCM together form BPS Resource Management (BPS RM) which has a business-finance service delivery model with three core roles designed to provide high quality, relevant and consistent services. Within this model, RM staff at all grades are expected to be fungible and be able to work across the BPS RM structure in different assignments over time \u2013 in response to business needs and in support of their professional development.<\/p>\n The three core roles are as follows:<\/p>\n Business Partners (client facing): embedded partners focused on decision support and performance oversight with strong understanding of business.<\/p>\n Centers of Expertise: providing thought-leadership and analytics, designing business finance policies, practices, and coordinating business finance knowledge management.<\/p>\n Service Center: central unit to manage delivery of high volume and transactional and reporting services across Bank, including help desk support to clients.<\/p>\n UNIT OVERVIEW<\/strong><\/p>\n The Resource Management Unit of the Africa Region (BPSAF) is responsible for business planning, budgeting, work programming, deliverables reporting, and financial reporting for all the departments in the Region. In addition, in country offices, BPSAF staff performs accounting, payment processing, cash management and administration functions. Overall, BPSAF ensures that each department maintains cost efficiency and effective controls over all financial transactions, and provides support for effective management and monitoring of deliverables. The Resource Management Assistant works independently under the guidance of the Resource Management Officer. The individual will have primarily country office responsibilities, including accounting, financial controls, monthly reporting, cash projection, bank reconciliation, and payroll.<\/p>\n The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.<\/p>\n Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s\/he will retain his\/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment.<\/p>\n Duties And Accountabilities<\/strong><\/p>\n Financial Accounting and Reports<\/p>\n \u2022 Processes accurately and promptly all accounting transactions, including payroll, operating<\/p>\n \u2022 Expenses, procurement, travel, consultant payments, vendor payments, charge backs and other office running expenses. Processes transactions in the Asset Management module for office inventory;<\/p>\n \u2022 Maintains accounts reconciled at any given point in time. Regularly reviews the open item<\/p>\n \u2022 Accounts and resolves any outstanding items within CTR\u2019s mandated time frames (mainly, 15\/30\/60 days).<\/p>\n \u2022 Keeps relevant documents and invoices systematically to fully support the accounts;<\/p>\n \u2022 Performs Bank account reconciliation and reviews cash flow and replenishment needs.<\/p>\n \u2022 Submit Monthly Statement of Reconciliation (MSR) reports within the Institutional deadline (within 10 days after the close of the month)<\/p>\n \u2022 Assists in planning and monitoring budget and expenses linked to country office work program;<\/p>\n \u2022 Provides references to Bank financial and administrative policies and procedures in<\/p>\n \u2022 Administrative expense related subject areas;<\/p>\n \u2022 Monitors operating expenses and highlights potential issues;<\/p>\n \u2022 Periodically reviews exception reports and takes remedial actions (such as missing time, SOE Exceptions, overtime, open purchase orders etc.);<\/p>\n \u2022 Ensures compliance with institutional and regional policies and guidelines;<\/p>\n \u2022 Generates a variety of standard and customized financial\/accounting reports;<\/p>\n \u2022 Interacts with clients both inside and outside the Bank, e.g., staff, consultants, vendors, etc., to effect timely payments and resolve accounting related issues;<\/p>\n Accounting Controls<\/strong><\/p>\n \u2022 Maintain consistency in the application of accounting rules and procedures, including safeguarding of cash and checks.<\/p>\n \u2022 Ensure that all transactions have been duly approved and supporting documents have been initialed prior to processing.<\/p>\n \u2022 Review general ledger accounts regularly to ensure accurate posting.<\/p>\n \u2022 Review PeopleSoft submissions.<\/p>\n \u2022 Ensure correct GL accounts are used in processing transactions.<\/p>\n \u2022 Monitor operating expenses and highlight potential issues.<\/p>\n \u2022 Ensure year-end accrual policy is 100% implemented.<\/p>\n \u2022 Reviews, follows up and resolves issues noted in all internal control review exercises reports issued by Accounting Department (accounting scorecard and QAR, Country Office field Visit)<\/p>\n \u2022 Follow up on audit and COSO recommendations which relate to the accounting function.<\/p>\n General Administration:<\/strong><\/p>\n \u2022 Handles local purchasing of supplies, equipment and contracts for services;<\/p>\n \u2022 Maintains and updates records and reports on status of inventory and physical assets;<\/p>\n \u2022 Handles a variety of general office administrative matters and other ad hoc duties as required (e.g. travel, security, workshops and conferences etc.)<\/p>\n \u2022 May provide guidance to less experienced staff.<\/p>\n \u2022 May provide information and assistance on benefits policies and related issues (e.g., financial assistance loans, dependency allowance, Medical benefit, overtime pay);<\/p>\n \u2022 May Processes short-term consultant contracts in accordance with guidelines.<\/p>\n Selection Criteria<\/strong><\/p>\n Minimum Education\/Experience:<\/p>\n \u2022 Bachelor\u2019s Degree in Accounting, Business, Finance, or other relevant discipline required to fulfill position specific requirements (e.g. Economics, Public Administration, Information Systems, etc.) OR<\/p>\n \u2022 Non-relevant Bachelor\u2019s Degree plus one of the following: (1) CIMA Advanced Diploma in Management Accounting; (2) ACCA Advanced Diploma in accounting and Business; or (3) equivalent country-level Accounting certificate.<\/p>\n \u2022 At least 3 years of relevant experience<\/p>\n Competencies<\/strong><\/p>\n Required Competencies:<\/p>\n \u2022 Statutory and other Stakeholder Reporting: Understand the components of financial statement financial statements and how specific transactions will affect these components.<\/p>\n \u2022 Planning and budgeting: Familiar with basic constructs of budgets and work programs. Understand the guidelines and processes underpinning transactions and daily task and their implications on the entity\u2019s budget<\/p>\n \u2022 Performance Evaluation and Reporting: Able to prepare work program and budget reports for management review and undertakes basic validation checks to ensure reporting accuracy.<\/p>\n \u2022 Integrity and Independence: Will conducts transactions with honesty, integrity, transparency, and allowing for oversight.<\/p>\n \u2022 Internal controls and corporate procedures: Aware of the institutional and corporate guidelines that need to be complied with in processing transactions. Able to identify and understand the internal control components surrounding immediate areas of responsibility. Alerts supervisor to potential areas of concern.<\/p>\n \u2022 Deliver results for clients; achieve impactful results, focus on client, take ownership\/be accountable;<\/p>\n \u2022 Lead and Innovate: innovate, lead and take initiative, adapt.<\/p>\n \u2022 Create, Apply and Share Knowledge: Share expertise & learning, develop self & others, and expand networks.<\/p>\n \u2022 Collaborate Within Teams and Across Boundaries: Work collaboratively, be inclusive, and exhibit corporate citizenship.<\/p>\n \u2022 Make Smart Decisions: Use analysis & judgment, take risks, make timely decisions.<\/p>\n The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.<\/p>\n","protected":false},"excerpt":{"rendered":" The World Bank Group (WBG) is one of the world\u2019s largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help our client…..<\/p>\n","protected":false},"author":6721,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[31],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2nO32-7aJ","_links":{"self":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts\/27573"}],"collection":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/users\/6721"}],"replies":[{"embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/comments?post=27573"}],"version-history":[{"count":0,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts\/27573\/revisions"}],"wp:attachment":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/media?parent=27573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/categories?post=27573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/tags?post=27573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}