What are the responsibilities and job description for the Finance Officer (FINAXPP) position at International Monetary Fund?
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 Finance Officer will support the work of the Personnel Payments Section. The division is responsible for controlling all Fund payments and receipts under the administrative and capital budgets and under externally provided capacity development agreements. Activities under the administrative budget include the procurement of goods and services, the execution of payroll and associated staff benefits, tax allowances and pension benefits and the delivery of travel services and seminars. Under the capital budget, this entails the execution of information technology projects, building construction projects and other facilities. The division also monitors changes in U.S. tax legislation and the impact such changes could have on the Staff Retirement Plan and the IMF's tax allowance system. The Personnel Payments Section is responsible for administering payroll, pension, and tax operations. The section also supports formulation and implementation of human resource policies and IT system solutions, as well as providing customer service for staff and pensioners.
The successful candidate will be responsible for delivering regular pension operations, managing projects from a business user perspective, and providing policy input rooted in subject matter expertise. The candidate will collaborate with HRD (Human Resources Department), LEG (Legal Department), and other FIN divisions to ensure pension policies and procedures meet regulatory and internal requirements.
The main duties and responsibilities include the following:
Candidates must have an advanced university degree in accounting, business administration, finance, human resources or a related field, or professional finance certification (such as, CPA, CA, CFA), supplemented by a minimum of four (4) years of relevant professional experience, is required. Alternatively, a minimum of two (2) years of experience in a related position at Grade A10, or equivalent, is required.
Experience in processing pension operations and administering pension plans is required. The successful candidate should have subject matter expertise, and knowledge of industry best practice and U.S regulations, in pension and associated tax domains. Previous experience and knowledge of international organizations’ pension and/or tax operations and related accounting and administrative policies and procedures is a strong advantage. Experience with Peoplesoft, Workday and ServiceNow along with the design, operation and control of IT systems is preferred. Project management experience is beneficial.
The successful candidate should demonstrate the following core competencies:
A regular staff member who is selected to fill the vacancy will maintain their open-ended status. If the selected candidate is a contractual employee, they will be offered a Term staff appointment. Staff members already on a term appointment will continue their current term but may receive an extension provided that their current term appointment has not already been extended.
All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.
Department:
FINAXPP Finance Department Administrative Expenditures/Control Personnel Payments Section
Hiring For:
A11, A12
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.
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 Finance Officer will support the work of the Personnel Payments Section. The division is responsible for controlling all Fund payments and receipts under the administrative and capital budgets and under externally provided capacity development agreements. Activities under the administrative budget include the procurement of goods and services, the execution of payroll and associated staff benefits, tax allowances and pension benefits and the delivery of travel services and seminars. Under the capital budget, this entails the execution of information technology projects, building construction projects and other facilities. The division also monitors changes in U.S. tax legislation and the impact such changes could have on the Staff Retirement Plan and the IMF's tax allowance system. The Personnel Payments Section is responsible for administering payroll, pension, and tax operations. The section also supports formulation and implementation of human resource policies and IT system solutions, as well as providing customer service for staff and pensioners.
The successful candidate will be responsible for delivering regular pension operations, managing projects from a business user perspective, and providing policy input rooted in subject matter expertise. The candidate will collaborate with HRD (Human Resources Department), LEG (Legal Department), and other FIN divisions to ensure pension policies and procedures meet regulatory and internal requirements.
The main duties and responsibilities include the following:
- Contribute to administration, review, and oversight of pension operations to ensure timely and accurate calculation, processing and disbursement, in compliance with Fund policy and regulatory guidelines.
- Maintain accurate recording and accounting for all pension transactions. Ensure timely preparation and reporting of pension and tax statements with retirees, staff and regulatory authorities. Provide data and reporting to external actuarial and audit partners.
- Contribute to the formulation, review, implementation, and administration of Fund policies procedures, and work practices, leveraging expertise in pension and/or tax domains.
- Analyze Fund programs and practices, recommending and implementing changes as needed. Lead and/or coordinate business process optimization projects to streamline operations.
- Participate in FIN's review of strategic and administrative Board papers, including periodic reviews of pension, compensation, and benefit plans.
- Assess regulatory changes in collaboration with HRD and LEG to determine and implement necessary adjustments to Fund policy and practice.
- Maintain and update business process documentation, operational procedures and policies; design procedures and internal controls to mitigate operational risk and improve efficiency.
- Lead or participate in system enhancement and modernization projects, including requirements gathering, design, testing, and project management as assigned. Partner with IT Department to maintain systems supporting effective pension administration and evolving regulatory and internal policy needs.
- Provide oversight, guidance, and coaching to team members, fostering collaboration and professional growth.
Candidates must have an advanced university degree in accounting, business administration, finance, human resources or a related field, or professional finance certification (such as, CPA, CA, CFA), supplemented by a minimum of four (4) years of relevant professional experience, is required. Alternatively, a minimum of two (2) years of experience in a related position at Grade A10, or equivalent, is required.
Experience in processing pension operations and administering pension plans is required. The successful candidate should have subject matter expertise, and knowledge of industry best practice and U.S regulations, in pension and associated tax domains. Previous experience and knowledge of international organizations’ pension and/or tax operations and related accounting and administrative policies and procedures is a strong advantage. Experience with Peoplesoft, Workday and ServiceNow along with the design, operation and control of IT systems is preferred. Project management experience is beneficial.
The successful candidate should demonstrate the following core competencies:
- Problem-solving: analytical; strategic; technical, innovative; attention to details; judgment.
- Communication: verbal and written communication skills; active listening.
- Relationship management: collaboration; teamwork; interpersonal sensitivity.
- Work management: drive for results; planning/organizational skills; adaptable; ability to handle multiple issues under tight deadlines.
A regular staff member who is selected to fill the vacancy will maintain their open-ended status. If the selected candidate is a contractual employee, they will be offered a Term staff appointment. Staff members already on a term appointment will continue their current term but may receive an extension provided that their current term appointment has not already been extended.
All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.
Department:
FINAXPP Finance Department Administrative Expenditures/Control Personnel Payments Section
Hiring For:
A11, A12
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.
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