Organization: IFC (International Finance Corporation)

Sector: Facilities Management

Department/Division: Global Real Estate and Facilities (CBAFM)
Grade: STC1
Term Duration: 1 year 0 months
Hire Type: Non-Managerial
Location: Dakar, Senegal
Required Language(s): English, French
Preferred Language(s): English, French

Description

About the World Bank Group

Established in 1944, the World Bank Group (WBG) is one of the largest sources of
funding and knowledge for developing countries; a unique global partnership of five
institutions: the International Bank for Reconstruction and Development (IBRD), the
International Development Association (IDA), the International Finance Corporation
(IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International
Centre for the Settlement of Investment Disputes (ICSID). With 189 member countries
and more than 120 offices worldwide, the WBG works with public and private sector
partners, investing in groundbreaking projects and using data, research, and
technology to develop solutions to the most urgent global challenges.

About the IFC

The International Finance Corporation (IFC), a member of the World Bank Group,
advances economic development and improves the lives of people by encouraging and
focusing on the growth of the private sector in developing countries. It is the largest
global development institution with that focus.

IFC fulfills its mission by creating new markets, mobilizing other investors, and sharing
expertise. In doing so, the IFC creates jobs and raises living standards, especially for
the poor and vulnerable. The IFC’s work supports the World Bank Group’s twin goals of
ending extreme poverty and boosting shared prosperity.

About the Global Real Estate and Facilities (CBAFM) team

IFC's Budget & Administration Department (CBA) is part of the Corporate Strategy and
Resources Vice Presidency and plays a significant role in achieving IFC’s mission.
Department responsibilities include business strategy formulation, budgeting,
investment support, reporting & analytics, administration, procurement, real estate,
facilities management, and global security, among others. CBA has the mandate to
connect the dots across the organization and bring insight and consistency to the IFC’s
resource management function.

Within CBA is the IFC’s Real Estate, Facilities Management, and Procurement unit
(CBARE), which is responsible for the IFC’s corporate real estate, facilities
management, security services oversight, real estate capital budgeting, and
procurement function. The Global Real Estate and Facilities Management team
(CBAFM) resides within CBARE and is a global team of real estate professionals focused
on the strategic management of a portfolio of owned and leased properties across 6
continents, in over 100 locations, and with more than 2.2 million square feet of space
under management.

About the Location

The IFC leases multiple offices in Dakar, Senegal and is currently constructing an
owned facility into which those facilities will consolidate. The new building under
construction is a 6,200m² facility on land owned by the IFC, and when complete will be
a “net-zero” environmental impact facility, a first of its kind in the IFC, the World Bank
Group, the nation of Senegal, and the African continent.

About the Role

The Cost Management Analyst role supports IFC’s Dakar construction project by
creating analyses of project financials and the reconciliation of procure-to-pay
processes across the project

The Cost Management Analyst role will reside within the CBAFM team, will be based in
Dakar, Senegal, and will report to the CBAFM leader, based in Washington, DC, USA.

About the Responsibilities

The Cost Management Analyst will:

 Review performance bonds and advance payment bonds submitted by the

contractors and advise the Project Manager on their compliance or any extensions
needed
 Check that the Contractor complies with its insurance obligations under the
Construction Contract provided
 Provide cost reports to the client and the Project Manager in such form and with
such details including without limitation the estimated final account, a comparison
of approved contract expenditure, the cost effect of Variation Orders and Variation
Order Requests under consideration, the cost effect of claims (actual and potential)
for additional payments, adjustment of provisional sums, the status of the re-
measurement of the works as executed (where applicable), and cash flow forecasts
 Advise the Project Manager on cost and contract matters generally including
estimates of the cost of proposed Variation Orders
 Establish the value of Variation Orders, obtaining the approval of the Project
Manager and achieving agreement with the Contractor.
 Check advance, interim and final payment applications received from the
Contractor, adjusting as necessary and making recommendations for payment
 certification purposes
 Re-measure and price the works (where applicable) in a timely manner, obtaining
approval of the Project Manager and achieving agreement with the Contractor
 Examine claims notices and advise of potential claims and claims avoidance
 Contribution to feedback reviews including analysis of the Final Account
 Review all subcontractors’ monthly invoices
 Fill in the joint declaration for each invoice in a monthly basis
 Fill in the WBG cover letter for each invoice in a monthly basis
 Keep the Dakar project forecast updated

Selection Criteria

 Bachelor’s Degree in accounting, Finance, Business or Economics with at least 5

years of working experience.
 Recognized professional accreditation (CPA, CMA, CIMA, ACCA, etc.) is a plus.
 Prior cost management experience on large scale construction projects
 Sound knowledge and understanding of accounting theory, concepts and principles,
financial accounting reporting, and cost allocations.
 Planning and budgeting skills proved by experience: able to produce standard
activity and unit-level reports and budgets using inputs from senior staff or
operational management, and to provide solid analysis of budget information
 Advanced problem solving and analytical skills.
 Ability to analyze and synthesize information, interpret data, retrieve information
and clearly and concisely communicate results
 Diligence and strong attention to details
 Effective communication skills with the ability to prepare, present and discuss
findings in written or oral form.
 Ability to manage multiple, concurrent tasks with tight deadlines.
 Excellent interpersonal, teamwork and communication skills
 Excellent fluency to communicate verbally and in writing in English and in French