Description

Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work 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.  For more information, visit www.worldbank.org.

The World Bank is one of the world’s largest sources of funding and knowledge for developing countries. The World Bank works in more than 100 developing economies to improve living standards and fight poverty. For each client, the World Bank uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. The International Bank for Reconstruction and Development is an original member of the World Bank Group and is owned by 189-member countries whose views and interests are represented by a Board of Governors and a Washington, DC-based Board of Directors. There are five World Bank Group institutions, each of which specialize in various aspects of development: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).

The Pension and Endowments Department (PEN) manages over $40 billion US dollars invested across the spectrum of asset classes, from fixed income to private equity and hedge funds.  The Pension Administration Division (PENAD) is part of (PEN) and has two teams located in the Bank’s offices Washington, DC and Chennai, India.  PENAD provides a full range of support functions for the administration of the Staff Retirement Plan (SRP), the Retired Staff Benefits Plan (RSBP) and the Post-Employment Benefit Plan (PEBP). These Plans cover approximately 18,000 active staff and 10,000 retirees around the world.  PENAD determines and administers payment of pension benefits to retirees in U.S. dollars and foreign currencies, accounts for the pension benefit payments, and provides a comprehensive educational program to disseminate the Staff Retirement Plan provisions to participants in the headquarters and country offices.

The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.

Duties and Accountabilities

The Financial Analyst is a key member of the team. The work implies frequent interaction with internal counterparts in Treasury, Legal, Accounting/Tax and Human Resources.  The duties include:

 Resolving issues, and providing information related to the Staff Retirement Plan (the Plan) through in-person contacts,  correspondence and telephone conversations with active staff members, retirees and other beneficiaries;
 Presenting the intricacies of the pension plan to an audience of local and international staff;
 Processing and calculating pension benefit payments made under the Plan at the request of active participants and prepare certifications as requested by participants;
 Computing and analyzing data related to pension benefits processing and projections;
 Reviewing and monitoring financial transactions to meet Pension Administration  payment requirements;
 Reviewing and drafting communication materials to participants on Pension Plan provisions;
 Coordinating and following up of internal and external audits;
 Serving as project manager on various projects;
 Identifying systems problems and recommending enhancements and opportunities for automation
 Performing testing and UAT sign-off for system enhancements;
 Undertaking ad hoc projects and special assignments as required.

Selection Criteria

 Master’s degree with 2 years of relevant experience or equivalent combination of education and experience (4 years of experience for Bachelors’ degree holders)
 Master’s degree in Business Administration, Accounting, Finance, or relevant field. A professional qualification in accountancy or benefits administration (CPA, CA, CIA, CFA, PHR, SPHR)
 Hands-on experience with administration of a global pension plan and familiarity with defined benefit plans
 Demonstrated ability to independently respond to extensive and diverse inquiries and make decisions when multiple courses of action are possible
 Ability to process, handle, and communicate matters of a sensitive and confidential nature.
 A formidable team player with the confidence to interact at all levels of an organization
 Demonstrated initiative in developing practical approaches that will improve business processes and the effectiveness of unit/team.
 Excellent verbal and written communication skills in English, including writing business reports and the ability to make presentations on pension-related topics to an audience of international staff.
 Excellent interpersonal skills and mature judgment with the ability to deal tactfully and effectively with internal/external contacts at all levels in a multicultural environment.
 Experience with PeopleSoft modules and SAP FI (financial module is desirable).
 Proven skills in the latest information/office technology and other relevant business tools (e.g. Microsoft Word, Excel, Power Point, Power BI, Power Automate).
 Positive attitude, high degree of initiative and reliability.
 Outcome oriented / Drive for Results

Competencies

 Integrity and Independence – Prepares accurate reports, ensuring that pertinent facts are fairly presented; shares information freely.
 Accounting and Transaction Processes (PENAD) – Understands the coding, fund management structure and accounting (cost and expense) flows in the ERP system.
 Administrative Support and Customer service – Has positive customer service attitude; demonstrates tolerance, appropriate humor and patience with difficult customers, and is able to identify and handle complex issues.
 Pension Payroll Processing – Able to set up payroll records with proper effective date, currency code, amount and payment instructions and verify calculations.
 Presentations and Communication – Is aware that each organization has its own cultural preference for certain communication mediums and styles.
 Records Management/Content Management on Web – Able to publish and maintain content according to established processes and standards.
 Client Orientation – Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success.
 Drive for Results – Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results, and has the personal organization to do so.
 Teamwork (Collaboration) and Inclusion – Collaborates with other team members and contributes productively to the team’s work and output, demonstrating respect for different points of view.
 Knowledge, Learning and Communication – Actively seeks knowledge needed to complete assignments and shares knowledge with others, communicating and presenting information in a clear and organized manner.
 Business Judgment and Analytical Decision Making – Analyzes facts and data to support sound, logical decisions regarding own and others’ work. 

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.