Context of this search: The Accounting Division is looking for a dedicated, experienced, innovative, and team-oriented professional, with strong communication skills, for the Main Funds Reporting, Cash Reconciliations and Corporate Accounting Group (MFG).
The team: The MFG group is responsible for (i) preparing the monthly, quarterly, and annual financial statements for the IDB’s main funds, ensuring the Bank’s compliance with standards established by authoritative accounting standards setters in the United States, (ii) the accounting of all corporate processes, including the general administrative accounts, as well as (iii) the reconciliation and analyses of cash and interfund transactions.
What you’ll do: As a Member of the MFG team, you will be responsible and accountable to:
Supervise the accounting activities related to payroll, fixed assets, administrative accounts, and cash and interfund reconciliations. Ensure compliance with established accounting policies and procedures.
Proactively contribute to ensure client satisfaction, in all MFG processes, by maintaining current and appropriate procedures.
Participate in the preparation of the Bank’s Quarterly MD&A and Condensed Financial, as well as in the preparation and review of the Bank’s Information Statement and Annual Report, including the related notes to the financial statements.
Document the execution of several key controls to support assertions related to the financial reporting control environment, under the COSO framework; as well as answer questions and resolve accounting issues during the external audit process.
Streamline and standardize accounting and financial reporting processes to achieve higher levels of automation and efficiency.
Identify system enhancement opportunities and participate as subject matter expert in the development and implementation of new applications and system reports for the accounting and reporting process.
Contribute to improve employee engagement in MFG and Accounting Division. Promote and role-model teamwork and collaboration within MFG and across different functions.
Provide coaching and training to junior team members and other stakeholders on accounting and financial reporting topics.
What you’ll need:
Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.
Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
Education: You hold a Master’s degree (or equivalent level of education) in Finance, Accounting, or Business Administration. CPA may be considered in lieu of a Master’s degree, provided the candidate holds a Bachelor’s degree in the above-mentioned fields.
Experience: A minimum of ten (10) years of relevant practical professional experience in accounting and/or financial reporting. For the lower grade level in consideration, a minimum of eight (8) years is required. Familiarity with the design, implementation, and maintenance of the Bank’s accounting systems and understanding of the trust fund donor reporting requirements and processes are highly desirable.
Languages: Fluency in English and Spanish is required.
Type of contract: Fixed Term.
Length of contract: 3 years.
Starting date: November 16th , 2021.
Location: Headquarters, Washington DC.
Requirements: You are a citizen of one of the IDB’s 48 member countries and have no family members currently working at the IDB Group.
About the Organization
Our culture: Our people are committed and passionate about improving lives in Latin-America and the Caribbean, and they get to do what they love in a diverse, collaborative and stimulating work environment. We are the first Latin American and Caribbean development institution to be awarded the EDGE certification, recognizing our strong commitment to gender equality. As an employee you can be part of internal resource groups that connect our diverse community around common interests.
Because we are committed to providing equal opportunities in employment, we embrace all diversity and encourage women, LGBTQ+, persons with disabilities, afro-descendants, and Indigenous people to apply.
About us: At the IDB, we’re committed to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48-member countries to provide Latin America and the Caribbean with ground breaking research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.
The IDB offers a competitive remuneration and benefits package.
Our team in Human Resources carefully reviews all applications.
Due to the current COVID-19 pandemic and its implications for our Region, the IDB Group is reviewing its hiring needs and re-prioritizing its areas of talent acquisition. We encourage candidates to continue to apply to the active postings, yet current job openings may be subject to further decisions in terms of timing of the processes, or other actions, in accordance with business needs. Final hiring decisions may also be conditioned to the candidate’s ability to timely relocate to the post of duty at the moment of starting service.