Staff Accountant, IFC Asset Management Company, Washington Closing date: Wednesday, 10 June 2015

• Organization: IFC - International Finance Corporation
• Country: United States
• City: Washington
• Office: IFC Washington

Background / General description

IFC Asset Management Company, LLC (AMC) a wholly owned subsidiary of IFC, mobilizes and manages capital for investment in developing and frontier markets. It was created in 2009 to provide investors with access to IFC's emerging markets investment pipeline and to expand the supply of long-term capital to these markets, enhancing IFC's development goals and generating profits for investors by leveraging IFC's global reach, standards, investment approach, and track record.
AMC currently has $7.8 billion under management in the following funds

• The $1 billion IFC African, Latin American, and Caribbean Fund was launched in 2010. The fund co-invests with IFC in equity and equity-related investments across a range of sectors in Sub-Saharan Africa and in Latin America and the Caribbean.
• The $3 billion IFC Capitalization Fund consists of an equity fund of $1.3 billion and a subordinated debt fund of $1.7 billion. Launched in 2009, the fund helps strengthen systemically important banks in emerging markets, bolstering their ability to cope with financial and economic downturns.
• The $182 million Africa Capitalization Fund was launched in 2010 to invest in commercial-banking institutions in Africa.
• The $550 million IFC Russian Bank Capitalization Fund was launched in 2012 to invest in commercial banking institutions in Russia.
• The $418 million IFC Catalyst Fund invests in funds that provide growth capital to companies developing innovative ways to address climate change in emerging markets. It also may invest directly in those companies.
• The $1.2 billion IFC Global Infrastructure Fund co-invests with IFC in equity and equity-related investments in the infrastructure sector in emerging markets.
• The $1.2 billion IFC China Mexico Fund makes equity and equity-related investments in Mexico.
• The IFC Global Financial Institutions Fund invests in financial institutions globally in emerging markets. In addition, AMC is planning to raise and manage additional funds in the future, each with a focus on a particular sector, region or product within the emerging markets. IFC's investment departments support AMC by providing certain investment origination, execution and supervision services, while all investment and portfolio decisions for funds under management are taken independently by AMC. Please see AMC's website at www.ifcamc.org for more information on AMC's business.

International Finance Corporation (IFC) 2121 Pennsylvania Avenue Northwest Washington, DC 20433-0005 (202) 473-7711

Duties and Accountabilities
Reporting to the Controller, the Staff Accountant will (i) be responsible for daily accounting functions of AMC and assist in AMC Funds financial operations and reporting; (ii) assemble documents and information on projects related to AMC and AMC Funds selected for accounting review and audit and (iii) work with Assistant Controllers to support investment teams on fund investments. In particular, the Staff Accountant will:

• Prepare and maintain monthly and quarterly AMC journal entries
• Track and reconcile accounts receivables for AMC from the Funds including management fees and expense reimbursements
• Assist in accounts payable procedures
• Review expense accruals and tie out quarterly trial balances of the Funds
• Review quarterly trial balances of SPV entities
• Preparation of custody reconciliation reports and transaction initiations
• Process investor requests of financial data and confirmations
• Assist in year-end tax reporting
• Preparation of capital call and distribution notices for the Funds
• Preparation of ad-hoc financial reports for management
• Data maintenance within investment tracking software
• Assist in other areas as required

Selection Criteria
The successful candidate will have the following qualifications:

• Bachelor's degree in accounting
• Two or more years of relevant experience, preferably in private equity or public accounting in asset management industry
• Good understanding in application of US GAAP
• Understanding of partnership accounting and general asset management industry practice
• Excellent organizational skills and attention to detail, with the ability to handle multiple projects to effectively work independently as well as in teams
• Ability to effectively communicate both orally and in writing
• Exposure to investment accounting software and reporting system is a plus
• Proficient in office applications

To apply for this position, please send your CV and cover letter to AMCRecruit@ifc.org
NOTE: The selected candidate will be employed directly by AMC, which is a distinct legal entity to IFC. IFC Asset Management Company, LLC is an equal opportunity employer.