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IDB Invest Investment Accounting Consultant

Location: United States of America

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.

IDB Invest (IDBI), a member of the 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) at IDB Invest covers the following divisions: Controllership; Analytics and Information Technology; Operations; and Treasury. The Accounting team within the Controllership Division is responsible for Accounting Policy, Financial Instruments Accounting, Corporate Accounting and Financial Reporting.

About this position:

The Financial Instruments Accounting team is looking for a dedicated professional to execute a variety of investment accounting and reporting tasks related to our development related investments (loans, bonds, equities, funds and guarantees) and treasury portfolio (fixed income securities, money market funds, borrowings and swaps). The Financial Instrument Accounting area is rapidly growing due to portfolio growth and increased complexity, thus creating an exciting opportunity for applying knowledge and experience from financial instruments and US GAAP accounting literature to system automation and process reengineering while working in a dynamic and diverse team of professionals.

What you’ll do:

• Ensure financial instruments are accurately accounted for in accordance with US GAAP.
• Execute operational accounting activities for financial instruments in the development related investment portfolios and Treasury portfolios.
• Prepare monthly/quarterly/annual financial close related supporting schedules and financial statement disclosures utilizing data from various systems, other internal sources and external service providers.
• Participate in system implementation projects and contribute to process redesign and spreadsheet automation to improve efficiency by collaborating within the Accounting team and other Corporate functions.
• Assess accounting and financial reporting implications, prepare and document the accounting treatments for complex financial instruments by working extensively with IDB Invest’s investment officers, Risk, Legal and operational teams.
• Participate in the related technical research and implementation of current and future accounting pronouncements.
• Demonstrate strong communication skills and respond to internal and external requests in a professional manner.

  What you'll need

  • Education: bachelor’s degree in accounting, Finance or a related field. Master’s degree is preferred.
  • Experience: Minimum three years of experience preferably working with financial institutions or Big Four accounting firms.
  • Languages: Proficiency in English is required. Proficiency in Spanish is highly desirable.
  • Soft Skills: Self-management, flexibility, dependability, relationship building, results-driven, with strong communication skills.
  • Technical skills: Financial Reporting and Accounting Theory: Understanding of banking industry’s financial reporting, accounting theory and US GAAP accounting principles and rules. Strong analytical skills and attention to details. IT Systems & Applications Knowledge: Proficiency in the use of MS Office package (Excel, Word, PPT). Knowledge of financial and accounting systems and data tools are highly valued.

    Type of contract and duration:

    📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

    ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

    • Type of contract: International Consultant Full-Time.
    • Length of contract: 36 months.
    • Work Location: IDB Invest Headquarter, Washington DC

      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