Accounting Analyst World Bank Chennai
Background / General Description
The Corporate Expense Services Division (CTRCS) of the Accounting Department has core responsibility for the fair recording and reporting of the World Bank Group’s administrative expenses and fixed assets. This includes taking the lead in providing guidance to Business Units on the development and maintenance of an effective system of internal controls over the recording and reporting of administrative expenses. The Division plays a key role in defining policies relating to administrative expenses and fixed assets and, as necessary, coordinates with other Bank units, such as CSRRM, GSD and HR, in the formulation of such policies
CTRCS is comprised of two teams, namely, (1) the Quality Assurance and Controls team (CTRQC), which has responsibility for quality assurance and controls and (2) the Business Process Management and Design team (CTRBM), which has responsibility for business process management and design. In addition, CTRCS also performs a management role over the related operations at the Accounting Office in Chennai, India.
CTRQC’s mandate includes leading, from an account management perspective, the development of financial accounting controls germane to the day-to-day accounting and recording of administrative expenses by units at Headquarters and the local accounting teams of the World Bank Group’s country offices. In addition, CTRQC also has responsibility for implementing, on behalf of all Vice Presidential Units (VPUs) and Chief Administrative Officers (CAOs), a bank-wide quality assurance review program initiated to ensure compliance with best practices, including Internal Controls over Financial Reporting, within the COSO control framework.
CTRBM functions as the lead resource in assuring effective alignment of business and accounting processes with systems used to manage the World Bank Group’s administrative expenses. The team develops solutions which reflect business practices to continuously improve services provided by CTRCS and by the functional accounting teams located at the Accounting Office in Chennai, India.
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 renewable term appointment.
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 renewable term appointment.
Job 101157
Job Title Accounting Analyst
Job Family Accounting
Location Chennai, India
Job Posted 27-May-2010
Closing Date 03-Jun-2010
Duties and Accountability
The Accounting Analyst functions as a technical staff and performs a variety of tasks, including, as needed, broader responsibilities of the Division. Examples of specific duties of an Accounting Analyst in CTRBM include:
* Process U.S. tax allowance via PeopleSoft Tax Allowance system. This includes, but is not limited to, verify and analyze quarterly tax allowance calculations/payments and prior year tax allowance reconciliations;
* Manage U.S. citizen staff tax transactions, verifying their status through HR-PeopleSoft, their payroll earnings through Payroll-PeopleSoft and any other non-payroll taxable earnings through SAP-AP, to ensure that earnings are in accordance with the Bank Staff Rules, to quality check their integrity and accuracy and to ensure that they are included in the tax allowance calculations in accordance to Staff Rule 6.04;
* Respond to queries related to tax allowance and tax implication on Bank Group income,
* Coordinate tax allowance related matter with overseas staff who are either on extended or short term assignments,
* Provide guidance to Accounting Assistants in the processing and verification of tax allowances;
* Work with Accounting Officers on tasks such as analyze tax laws/policy related maters and determine necessary changes to the tax allowance calculations and tax system; and analyze accounting data to ensure integrity of the WBG’s financial records.
Selection Criteria:
* Undergraduate / graduate degree (Finance, Accounting, Business Administration); professional qualification (CPA, CA) or IRS Enrolled Agent.
* Specialized in U.S individual income taxation, preferably in a Big 4 accounting firm with minimum of 3 years experience in preparation and review of individual tax returns and gross-up/tax equalization calculations for U.S./Non-U.S. assignees of multinational corporations,
* Strong knowledge of tax calculation, impact of different calculation elements in final tax allowance results,
* Thorough understanding of U.S. Accounting Standards and Generally Accepted Accounting Principles,
* Experience in financial data verification utilizing accounting systems,
* Proficiency with end-user software tools (e.g. Excel) to develop program simulations for various tax systems worldwide,
* Strong written and oral communication skills,
* Ability to interact effectively within a multicultural work environment and with staff at all levels,
* Demonstrated ability to work effectively in a team and share knowledge with staff.
For more details and to apply for Accounting Analyst Jobs in World Bank.
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