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 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.The IFC Controllers Department is responsible for effectively and efficiently managing IFC\'s Financial Operations (loan, equity, and short-term finance operations, and back-office treasury support operations), Financial Reporting (including reporting and analysis, portfolio review, investment accounting and accounting policy), Internal Controls, and Financial Integration, Systems, and Projects. The Department comprises approximately 140 diverse and highly skilled staff, based in Washington DC, and Chennai.The Reporting and Analysis unit (CNTRA) within the Controllers Department is responsible for preparing timely and accurate periodic financial reporting to internal and external stakeholders and facilitating the external audit and issuance of audit and review opinions by the external auditors on IFC\'s annual and quarterly financial statements. The CNTRA unit ensures the integrity of the financial ledgers and financial information. Unit is responsible for coordination of the monthly closing process, including advising and liaising with the decentralized accounting business units. The reporting and Analysis team also works with other units in determining the impact of new and proposed accounting standards and new complex transactions in Financial Statements and Management reports.CNTRA has co-located some aspects of its work program to IFC\'s Chennai Office (CNTCO), which have recruited staff in the IFC Financial Reporting team (CNTFM) to deliver this work program. The position will report to the Team Lead of the CNTFM Financial reporting unit in Chennai.IFC Controllers Department is seeking an Extended Term Consultant in the CNTFM unit in Chennai to help support all functions described above, including the preparation of IFC\'s quarterly and annual financial reporting, performing analytical review of business unit results for management reporting, creation of efficiencies through automation and streamlining of deliverables, and participating in testing and implementation of new enhancements.The successful candidate is expected to have exposure to accounting developments and be proactive in responding to the rapidly changing accounting and business environment. The selected candidate will be required to work across team functions and become a fully functional team member within a short timeframe. He /She should be able to establish productive relationships with staff at all levels within the team and across various units of IFC.Roles and ResponsibilitiesThe Consultant will work as part of a team of professionals to fulfill the IFC Financial Reporting team\'s (CNTFM) mandate. This role requires frequent interaction with internal counterparts in Controllers, WBG Finance and Accounting (WFA), Budget and Business Administration (CBA), Treasury, Information Technology (ITS and CIT), Internal Controls, and external auditors. Her/his tasks and responsibilities will include but are not limited to.
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