Back IDB Invest Debt Valuation Consultant (2 openings) Finance Department- Controllership Division

IDB Invest Debt Valuation Consultant (2 openings) Finance Department- Controllership Division

Location: United States of America

IDB Invest (IDBI), a member of the Inter-American Development Bank (IDB) Group, is a multilateral organization based in Washington, D.C., that is committed to the development of Latin America and the Caribbean through the private sector.

The Finance and Administration Department (FNA) covers the following divisions: Controllership; Analytics and Information Technology; Operations; and Treasury. The Controllership Division is responsible for development-related investment valuation; accounting; financial reporting; budget and financial planning; and administration of corporate resources to support IDB Invest’s business needs.

The valuation team within the Controllership Division is a newly formed team that will be dedicated to the valuation of financial Instruments, which will initially be focused on investments in private sector entities in its regional member countries (“development-related investments”). This team will be responsible for preparing and reviewing the investment valuations for purposes of IDB Invest’s quarterly financial statements, as well as preparing ad hoc valuations in certain circumstances and working with investment teams during the origination stage to determine the appropriate valuation methodology for proposed investments. In addition, the valuation team will be responsible for developing and maintaining valuation procedures and internal controls to support valuation processes, as well as valuation guidelines to help ensure that fair value measurements comply with the requirements of U.S. GAAP and industry best practices. The valuation team will engage regularly with investment teams, risk teams, other FNA teams, and external auditors.

About this position:

The Debt Valuation consultant position presents an exciting opportunity to apply finance knowledge in a dynamic and diverse team of professionals in a growing institution. This position requires deep technical knowledge of valuation methodologies applicable across a broad array of financial instruments, particularly debt securities, loans, guarantees, other risk sharing instruments, and terms embedded in these instruments that may have value. It also requires financial modeling skills, the ability to multi-task and manage time effectively, strong oral and written communication skills, sound judgment, and preferably knowledge of markets in Latin America and the Caribbean.

What you’ll do:

• Prepare quarterly debt instrument valuations.
• Prepare results of quarterly fair value measurements for presentation to management committee responsible for portfolio supervision.
• Prepare supporting documentation for fair value measurements in financial statements and disclosures and engage with the external or internal auditors to address questions regarding such measurements.
• Engage with investment teams in determining the appropriate valuation methodology during the origination stage and represent valuation team views in investment approval meetings.
• Support the development or maintenance of written valuation guidelines.
• Implement and monitor internal controls surrounding valuation processes to prevent or detect errors and to mitigate risks.
• Engage with colleagues in investment operations, risk, accounting, budget, and other units as needed to enhance valuation procedures, evaluate the impact of proposed financial products or product features, and conduct financial analyses.
• Support relationships with third-party valuation service providers for select investments.

  What you’ll need:

  • Education: MBA degree in finance or economics, CFA preferred, completion of financial modeling course(s) preferred.
  • Experience: At least 5 years of relevant professional experience required, including experience applying a variety of valuation techniques (e.g., present value techniques, CDS pricing) to prepare valuations that rely on Level 2 and 3 inputs for debt instruments, including debt securities, term loans, revolving lines of credit, guarantees, other structured credit or risk sharing instruments, and terms embedded in these instruments that may have value.At least 2 years of relevant professional experience with financial markets and products in Latin America and the Caribbean required. Understanding of the requirements of ASC 820, Fair Value Measurements, required. Familiarity with or experience valuing instruments issued by private entities or liquid investments (e.g., U.S. Treasury instruments, money market funds) a plus. Proficiency with financial modeling tools (MS Excel and VBA, Python or other programming skills or other applications for developing financial models) and data analytics, reporting, and presentation tools (e.g., PowerBI, Powerpoint) highly desirable. Relevant professional experience engaging with third party valuation service providers a plus. Experience using Bloomberg, or other third-party data screening and extraction platforms.
  • Languages: Oral and written proficiency in English required. Proficiency in Spanish highly desirable. French and Portuguese a plus.

    Requirements:

    • 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: Consultant Full-Time
      • Length of contract: 36 months
      • Location: United States of America
      • Responsible person: LEAD OFFICER. VALUATION

        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 package.

        • Leave 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.
        • Hybrid and