What are the responsibilities and job description for the Finance Officer - FINFR position at International Monetary Fund?
Work for the IMF. Work for the World.
The Financial Operations and Reporting Division (FR) of the IMF's Finance Department (FIN) is seeking financial professionals to fill a Finance Officer position. The FR Division manages, operates, and reports on Fund finances and conducts financial operations of the Fund with member countries and other financial institutions. The main functions of the Division are to: (i) conduct the financial operations of the Fund with member countries and other financial institutions; (ii) contribute to policy development and lead implementation of policy related to the Fund's financial operations and financial structure, including preparing Board and policy papers on the Fund's income position, audit arrangements, and financial transactions and operations; (iii) prepare and analyze the Fund's financial statements and financial reports to the membership; (iv) manage the annual external audit and the relationships with the External Audit Committee and the external audit firm; (v) establish appropriate system and control environments to support the range of financial activities and entities of the Fund; and (vi) provide advice on a wide range of financial and operational issues and implications of new financial policies.
The main duties and responsibilities for financial professionals in the division are as follows:
- Participate in and, at higher grades, lead the formulation and implementation of financial policies. Contribute to and/or lead work on Board papers and policy notes on financial issues potentially including: Fund finances, quotas, financial operations policy, financial transactions and transactions plan, liquidity, SDRs, income, IFRS accounting, audit, risk management, internal controls;
- Prepare and/or lead analyses and forecasts; design and review operational, accounting, and management reports; propose new approaches and analyses to meet evolving financial issues;
- Draft a wide-range of documents for both internal and stakeholders and make presentations to senior management on financial transactions and financial reporting requirements of the Fund;
- Maintain strong relationships with officials of member countries and financial institution counterparts; respond to queries from Executive Directors, country authorities, or other departments and review responses of other team members.
- Provide advice related to members' financial positions in the Fund or financial transactions and policies;
- Liaise with internal and external auditors on their audits of the financial statements, financial transactions, and implementation of financial policies, internal controls, and financial reporting practices. Provide input to and liaise with the External Audit Committee;
- Propose new controls or procedures and assess and document controls over financial transactions. Develop strategies and innovations in financial operations, accounting, and reporting;
- Apply knowledge of IT change management to ensure policies are accurately translated to financial IT systems. Contribute to the adoption of new systems and best business practices and of corporate governance and systems of internal controls;
- Assist in guiding development of financial systems and work practices; provide input to innovation in technology, controls, and work processes;
- Lead or substantially contribute to functionality enhancements in reporting and operations necessitated by evolving Fund policies; and
- Lead/or support projects of a wide nature that contribute to the development and implementation of the division’s overall goals and milestones.
Minimum qualifications
A strong background and an advanced university degree, or equivalent, in Business, Accounting, Finance, Economics, or a related field, or professional accounting certification (such as CPA or CA), plus four years of relevant work experience, is required. In addition, significant experience with application of International Financial Reporting Standards and/or experience working on financial operations in a financial institution (central bank/large bank) and project management experience would be advantageous. The position also requires strong analytical skills, attention to detail, a controls mindset, strong written and oral communication skills, and the ability and willingness to handle multiple tasks under tight deadlines.
This vacancy shall be filled by a 3-year Term appointment in accordance with the Fund’s new employment rules that took effect on May 1, 2015.
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:
FINFR Finance Department Financial Operations & Reporting
Hiring For:
A11, A12
The IMF is committed to hiring diverse staff, including age, creed, culture, disability, educational background, ethnicity, gender, gender expression, nationality, race, religion and beliefs, and sexual orientation. 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.