Finance Officer (Contractual) - FINAXAP

Work for the IMF. Work for the World.

The Finance Department (FIN) of the IMF is seeking an experienced and qualified candidate for a Finance Officer position in its Administrative Expenditures and Control Division (AX). The division is responsible for financial control over, and conduct of, all payments and receipts under the Administrative and Capital Budgets and all payments under externally provided capacity development funding agreements. The AX division also advises on the formulation and implementation of administrative policies and related systems of internal control, including HR, budgetary controls, procurement, IT and audit. Policy support extends to a number of business areas, including compensation, benefits, tax, pension, capacity development, overseas posts/offices, and travel payments.

The successful candidate will be assigned to the Administrative Payments (AP) section, which comprises Travel/Accounts Payable Unit, External Accounts Unit (EAU) (manages the payments and receipts for donor-funded projects, all regional technical assistance centers, and resident representative offices abroad), and Ledger and Cash Management Unit (LCM). The successful candidate will be assigned a portfolio of duties in one or two units, which will primarily include some of the responsibilities outlined below.

• Review/process, while ensuring timeliness, accuracy, and compliance: (i) daily exchange rate loads and payment verifications for administrative payments; (ii) month-end journal adjustments (including those received from other departments), reconciliations, and other closing activities; (iii) quarterly accruals and analytical procedures; and (iv) fiscal year-end closing procedures.

• Maintain and update the Chart of Accounts and other key general ledger chartfields; monitor performance of key integrations with external systems.

• Resolve complex issues, including reconciling items, budget errors, payment processing delays, etc. Troubleshoot and resolve system issues and coordinate solutions with IT staff. 

• Maintain and update business process documentation and internal controls. Support risk reporting and risk mitigation.

• Contribute to process improvement and streamlining initiatives; participate in innovation and adoption of new technology, processes and best practices in financial operations and internal controls.

• Lead/assist in data management and analysis, including the preparation of variance analyses and summary dashboards. Provide data-driven recommendations and advice.

• Lead/contribute to the implementation of new system enhancements and remediations, including semi-annual system updates. Collaborate with key stakeholders on requirements gathering, design, documentation, and testing activities.

Throughout their work, the Finance Officer will liaise and manage relationships with other functions. The Finance Officer will also contribute to IMF modernization and transformation initiatives, as assigned.

Qualifications

Candidates must have an advanced university degree, or equivalent, in business administration, accounting, finance, economics, or a related field, or professional accounting certification (such as CPA, CA, or ACCA); or a university degree, or equivalent, supplemented by a minimum of six (6) years of relevant professional experience is required. Alternatively, a minimum of two (2) years of experience in a related position at Grade A8, or equivalent, is required.

The successful candidate should have excellent knowledge of general accounting rules and practical experience of their application in the context of administrative payments, strong command of data analysis and visualization, and a proven track record of problem solving, system troubleshooting, and innovation, as well as excellent communication and relationship management skills. Experience with Peoplesoft Financials, Peoplesoft HCM, Workday, ServiceNow and/or previous experience and knowledge of payroll, travel payments, accounts payable, benefit administration, donor reimbursements, and related accounting and administrative policies and procedures is preferred. Experience in the design, operation and control of IT systems is desirable and knowledge of ERP products and capabilities would be a plus.

The successful candidate should demonstrate the following core competencies:

• Problem-solving: analytical; learning agility; innovative; strategic; attention to details; judgment.

• Communication: verbal and written communication skills; active listening.

• Relationship management: collaboration; teamwork; interpersonal sensitivity.

• Work management: work independently; planning/organizational skills; drive for results; adaptable; multi-task.

This is a one-year contractual appointment. Contractual appointments at the IMF are renewable for up to four years of cumulative contractual service, pending incumbent's performance, budget availability, and continuous business need,

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The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.