Trust Fund Support Consultant
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Location:
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Salary:negotiable / YEAR
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Job type:CONTRACTOR
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Posted:1 week ago
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Category:Budget and Accounting, Finance, Partnership and Resource Mobilization, Treasury and Investment
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Deadline:24/09/2024
JOB DESCRIPTION
Post of Duty: Washington DC, USA
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 detailed oriented and passionate professional, who will help us change people lives in Latin America and the Caribbean supporting the handling of grant and externally financed projects through trust funds and co-financing resources.
You will work in the Grants and Cofinancing Management Unit (GCM) part of the Office of Outreach and Partnerships (ORP). GCM serves as an accountable interface that links partners resources to IDB projects, knowledge products, and programs that meet the needs of Latin America and the Caribbean through close coordination with IDBG’s operational units and the Resource Mobilization Division. The GCM key functional areas include: managing partner resources, ensuring compliance with the legal agreements with the donor for the administration of their resources funding Bank’s projects; reporting back to partners; organizing data for internal decision-making and monitoring on donor resources under administration for Bank’s projects. Partner resources at the IDB are managed through a number of instruments, the two main being trust funds and Project-Specific Grants (PSG, which are ad-hoc grants earmarked to specific Bank’s projects, jointly identified by the IDB and the partner).
What you’ll do:
Trust Fund Management Support
- Assist in the fiduciary management of the grant and cofinancing resources, by ensuring that resources are allocated, managed and reported according to the legal administration agreement with the donors.
- Review project information for completeness and soundness.
- Gather information regarding the outcomes of the assigned funds’ activities through desk review and in person interviews.
- Support the Fund Coordinators in the review of project documents for fund allocation, eligibility, and Quality Risk Review (QRR) of operations.
- Assistance to operational teams and other Bank’s teams on the compliance with donor agreements
- Review the reports of the operations financed with grants in Technical Cooperation Monitoring System assuring good quality data.
- Prepare reports and briefings for Bank’s internal use for donors regarding the corresponding funds.
- Other tasks/projects, as required.
Other
- Prepare PowerPoint presentations, reports and other output as in support of the assigned supervising team.
- Official communications:
- Back up for the management ORP/GCM inbox
What you’ll need
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- Education: associate’s degree in Economics, Finance, Accounting, Political Science, Law or Jurisprudence, Business Administration, International Relations, or other fields relevant to one or more of the responsibilities of the role.
- Experience: Between 2 and 4 years of progressive experience in one or more of the following areas: donor resource management, project financing or administration, audits, monitoring and evaluation of projects, and related fields.
- Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.
- Learn continuously
- Collaborate and share knowledge
- Focus on clients
- Communicate and influence
- Innovate and try new things
Core and Technical Competencies:
- Ability to read through donor funding legal agreements (e.g., establishing trust funds, or project specific grants (PSGs)) and identify clauses relevant to ORP/GCM areas of work (e.g., donor reporting periodicity; destination of unused resources after a project is closed; donor contribution schedule and tranches, etc.).
- Advanced working knowledge of MS Office; PowerPoint and Excel, creating tables and organizing data, a must. Working knowledge of Power BI and/or Tableau a plus.
- Experience of other business management or resources planning, accounting, or reporting IT applications and systems.
- Ability to work with data, to create informational reports. Experience on the development of data visualization and dashboards a plus.
- Strong attention to detail, to verify the accuracy of financial and operational data for data integrity and reporting consistency.
- Excellent time management skills to comply with strict deadlines within overall roll-out schedule.
Requirements:
- Citizenship: You are a citizen of one of our 48-member countries.
- 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: 6 months initially with possible extensions up to 36 months.
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.
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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.
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https://www.linkedin.com/company/inter-american-development-bank/
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