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