Location:

Washington DC, United States
Salary:

negotiable / YEAR
Job type:

CONTRACTOR
Posted:

2 months ago
Category:

Budget and Accounting, Finance
Deadline:

20/08/2024

JOB DESCRIPTION

ABOUT THE COMPANY:

The Inter-American Development Bank (IDB) is dedicated to supporting Latin American and Caribbean countries by financing and advising on projects that drive economic development and regional integration. Its focus includes fostering innovation, improving infrastructure, and addressing social challenges through strategic investments and policy guidance. By leveraging its extensive expertise and regional knowledge, the IDB aims to stimulate sustainable growth and enhance the quality of life across the Americas.

JOB SUMMARY

Post of duty: Washington, D.C., United States – Headquarters

The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean.

Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.

About this position

We are looking for an experienced, dedicated, and team-oriented accounting professional to join our team.

You will participate in (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) reconciliation/analyses of cash, fixed assets and payroll transactions, as well as (iii) general administrative accounts accrual/expense analyses.

You will work in the Main Funds Financial Reporting, Cash and Administrative Accounts Group (MFG) part of the Accounting Division within the Finance Department.

The MFG team prepares the Bank’s Main Funds (i.e.: Ordinary Capital – ORC and IDB Grant Facility – GRF) financial statements; oversees the accounting activities for payroll, fixed assets, administrative accounts, and cash reconciliations, and manages the General Ledger system (SAP).

What you’ll do:

Participate in preparing monthly, quarterly, and annual reports for the Main Fund’s financial statements and footnote disclosures in compliance with U.S.

Generally Accepted Accounting Principles (U.S.

GAAP) and/or other applicable guidance and internal reporting requirements.

Prepare routine periodic journal entries in the General Ledger, ensuring the accuracy and integrity of all data entered and proper application of US GAAP and/or other applicable guidance.
Perform accounting activities (analyses and reconciliations) related to administrative accounts, fixed assets, and payroll (including pension-related accounts).
Participate in the cash reconciliation process, perform investigations, and assist in disposing of adjustments, including coordinating with other departments of the Bank and country offices.
Identify gaps based on best practices and recommend changes to the Bank’s financial reporting procedures to improve the accounting and reporting process.
Participate in periodic external audits to ensure all audit deliverables are coordinated timely.
Develop, document, and implement new procedures and process improvements to meet accounting/reporting requirements.
Prepare ad-hoc financial/accounting reports, analyses, and reconciliations as required.
Assist in the financial reporting process and other projects, as requested by the Head of MFG or the Chief of the Accounting Division.

What you’ll need

Education: A master’s degree in accounting, business administration or finance is required.

The Certified Public Accountant (CPA) and Affiliation of the Chartered Certified Accountants (ACCA) designation are considered a plus.

Experience: At least five years of progressive experience in multilateral institutions and/or Big Four accounting/auditing firms.

Expertise in accounting and financial reporting for financial institutions and their operations, establishing and evaluating internal controls and operational risks, analyzing accounting pronouncements, supporting external auditors, and reporting under U.S. GAAP. Strong experience and solid knowledge in cash and accounts reconciliations and/or preparing financial statements and other aspects of a complex financial reporting process, including interfaces with electronic accounting information systems (sub-ledgers).

Knowledge of Blackline Accounting software, as is experience working with SAP (Financial Module) and Microsoft Excel, is highly desirable.

Knowledge of tools such as Power BI, Power Automate, Microsoft Access, SQL, or other analytic and visualization systems is strongly desired.

Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of the other Bank’s official languages (French or Portuguese) is preferable.

Key skills

Learn continuously.
Collaborate and share knowledge.
Focus on clients.
Communicate and influence.
Innovate and try new things.

Requirements

Citizenship: You are either a citizen of one of our 48-member countries eligible to obtain a valid residency or legal permit to work in one of our countries without the need for sponsorship by the IDB.
Consanguinity: You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.

Type of contract and duration

Type of contract: International Consultant Full-Time.
Length of contract: 12 months.
Work Location: On site.

What we offer

The IDB group provides benefits that respond to the different needs and moments of an employee’s life.

These benefits include:

A competitive compensation packages.
Leaves and vacations: 2 days per month of contract + gender- neutral parental leave.
Health Insurance: the IDB Group provides a monthly allowance for the purchase of health insurance.
Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance.
We offer assistance with relocation and visa applications for you and your family when it applies.
Hybrid and flexible work schedules.
Development support: We offer learning opportunities to boost your professional profile such as seminars, 1:1 professional counseling, and much more.
Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for all employees.
Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, and others.

Our culture

At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.

Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization.

We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process.

If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request reasonable accommodation to complete this application.

Our Human Resources Team reviews carefully every application.

About the IDB Group

The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.

About IDB

We work to improve lives in Latin America and the Caribbean.

Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education and advance infrastructure.

Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.

Follow us:

https://www.linkedin.com/company/inter-american-development-bank/

https://www.facebook.com/IADB.org

https://twitter.com/the_IDB

Additional Information