Financial Analyst Job Vacancy in Barentu, Eritrea – Banking & Finance

Job Description

Position: Financial Analyst

Company: World Bank

Location: Barentu, Eritrea

Experience: 2-4 years

Education: Bachelor’s degree in Finance, Economics, Accounting or related field

Employment Type: Full-time

Industry: Banking & Finance

Department: Financial Analysis

Salary: SSP 150,000 – 250,000 per month

Vacancies:1

Company Overview

The World Bank is a global development institution dedicated to reducing poverty and supporting sustainable development across the world. With a strong presence in Africa, the World Bank collaborates closely with governments, private sector partners, and civil society to design and implement projects that foster economic growth, improve public services, and strengthen financial systems. In Eritrea, the World Bank has been instrumental in financing infrastructure, agricultural development, and financial sector reforms. By joining the World Bank team in Barentu, you will become part of a mission‑driven organization that values analytical rigor, innovative thinking, and a commitment to positive impact. This role offers a unique opportunity to contribute to the economic transformation of Eritrea while building a rewarding international finance career.

Job Overview

The Financial Analyst will support the Country Office’s financial monitoring, reporting, and analytical functions. You will work closely with project managers, senior economists, and external auditors to ensure accurate financial data, assess project performance, and provide insights that guide strategic decisions. The role involves preparing financial statements, conducting variance analysis, and developing forecasting models that align with World Bank policies and Eritrean regulatory requirements. As part of a dynamic team, you will also engage with stakeholders to promote transparency and accountability in the use of development funds. For more information about the World Bank’s mission in Eritrea, visit World Bank Careers.

Key Responsibilities

• Prepare monthly, quarterly, and annual financial statements for all active projects in Eritrea.
• Conduct variance analysis to identify deviations from budgeted allocations and recommend corrective actions.
• Develop and maintain financial models for project cash‑flow forecasting and risk assessment.
• Collaborate with project managers to ensure timely and accurate cost reporting.
• Assist in the preparation of audit schedules and support external auditors during fieldwork.
• Monitor compliance with World Bank financial policies, Eritrean tax regulations, and donor requirements.
• Prepare concise financial briefs and presentations for senior management and donor agencies.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel, Power BI, or similar tools.
• Excellent written and verbal communication skills in English; knowledge of Tigrinya or Arabic is a plus.
• Attention to detail and ability to work under tight deadlines.
• Understanding of public‑sector financial management and development finance.
• Team‑oriented mindset with the capacity to collaborate across multidisciplinary teams.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Accounting, or a related discipline is required. Candidates holding a Master’s degree or professional certifications such as CFA, CPA, or ACCA will be given preference.

Experience

Applicants should have 2‑4 years of professional experience in financial analysis, budgeting, or audit support, preferably within international development, public finance, or emerging market contexts. Experience with World Bank or other multilateral development bank procedures is advantageous.

Salary

The position offers a competitive salary range of SSP 150,000 to SSP 250,000 per month, commensurate with experience and qualifications. Additional performance‑based incentives may be provided.

Benefits

• Comprehensive health insurance coverage.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays in accordance with Eritrean labor law.
• Professional development allowance for certifications and training.
• Relocation assistance for candidates moving to Barentu.

Training

• Orientation program covering World Bank policies, Eritrean financial regulations, and project management tools.
• Ongoing technical training in financial modeling, data visualization, and impact assessment.
• Mentorship opportunities with senior economists and finance officers.

Working Environment

The role is based in the World Bank Country Office in Barentu, offering a collaborative office setting with modern facilities, reliable internet connectivity, and a supportive multicultural team. Flexible working arrangements may be considered based on project needs.

Application Process

Interested candidates should submit an online application through the World Bank Careers portal, attaching a current resume and a cover letter outlining relevant experience and motivation for applying. Applications will be reviewed on a rolling basis until the position is filled.

Equal Opportunity Statement

The World Bank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, ethnicity, disability, or any other protected characteristic. All qualified applicants will receive consideration for employment.