Finance & Budget Officer

World Bank Group•Washington, DC

2d•Onsite

About The Position

The World Bank Group (WBG) is seeking a Finance & Budget Officer to join the Fund for responding to Loss and Damage (FRLD) Secretariat, hosted by the World Bank in Washington, D.C. The FRLD was established to assist developing countries particularly vulnerable to climate change. The Secretariat supports the FRLD governing bodies, manages institutional relations, aids in strategy, policy, and program development, and oversees management systems. The Finance and Budget Officer will report directly to the Program Manager – Budget and Financial Management and will work under his day-to-day supervision. He/She will collaborate closely with the Secretariat staff and external stakeholders, including Board members, members of the Budget Committee, the World Bank Trustee, and civil society. The position is based in Washington, D.C., USA, and may involve occasional travel.

Requirements

Master's degree in Finance, Accounting, Economics, Business Administration, or a related field.
A minimum of 5 years of progressive experience in financial management, budgeting, or accounting, preferably with exposure to trust funds, climate finance, and/or international development financing in multilateral or complex institutional environments.
Solid knowledge of financial management processes, budget preparation and monitoring, and fiduciary responsibilities.
Demonstrated experience with financial reporting systems, tools, and dashboards (e.g., SAP, Excel-based models, Power BI, or similar platforms).
Proven ability to consolidate financial data from multiple sources, prepare budget drafts, and generate accurate and timely financial reports.
Strong attention to detail and analytical skills.
Good writing and oral communication skills, including the ability to analyze, synthesize, and present financial information effectively to diverse audiences.
Demonstrated ability to work collaboratively in a multicultural, fast-paced environment and to support senior staff in delivering high-quality outputs under tight deadlines.

Nice To Haves

Professional certifications such as CA, ACCA, CPA, or CIMA are considered a strong asset.
Familiarity with World Bank trust fund operations, financial intermediary funds, or similar multilateral fund structures is highly desirable.
Familiarity with the work of the Fund for responding to Loss and Damage and the key priorities of the Board will be a plus.

Responsibilities

Collect, consolidate, and reconcile budget inputs from across Secretariat units. Prepare comprehensive draft budgets for review by the Program Manager.
Support the drafting of the Secretariat’s Workplan in alignment with the Administrative budget.
Prepare periodic financial reports and statements — including monthly and periodic budget execution reports for the Board, the Budget Committee, and other stakeholders.
Track variances against approved budgets, flag deviations, and maintain up-to-date financial records.
Support the design, development, and regular updating of financial and budget dashboards, compiling key performance metrics and budget utilization trends to support data-driven decision-making.
Support the Program Manager and the DED as TTL of the Administrative Trust Funds, in the setup and maintenance of FRLD Trust Fund financial systems governed by World Bank policies and procedures, including the implementation of financial monitoring frameworks.
Provide day-to-day operational support on financial management of FRLD-managed trust funds, including cost planning, fund allocation tracking, performance monitoring, and the preparation of financial analyses for the Board and stakeholders.
Provide operational support on financial and fiduciary management matters in compliance with World Bank policies and procedures, including quality assurance efforts and ensuring best practices in financial planning, risk mitigation, and reporting.
Contribute to the evaluation and improvement of financial management processes related to FRLD trust funds to enhance operational efficiency and support alignment with resource mobilization and allocation strategies.
Support the Program Manager in liaising with World Bank units (e.g., DFi, LEG, WFA, TRE, BPS), the Trustee, the Secretariat divisions, the Budget Committee, and other key stakeholders to facilitate coordination on all trust fund and financial management matters.
Support the preparation of Board and Budget Committee documentation on financial planning and budget-related matters, including drafting papers, preparing presentations, and conducting technical briefings as requested.
Coordinate with the Governance and Board Affairs team on decision-making processes, including drafting decision text.