We improve lives
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 analytical and detail-oriented team player to join our Main Funds Financial Reporting team. You will participate in (i) preparing the monthly, quarterly, and annual financial statements for the IDBโs main funds, ensuring the Bankโs compliance with standards established by authoritative accounting standards setters in the United States, (ii) reconciliation and analyses of cash and interfund transactions, as well as (iii) general administrative accounts accrual/expense analyses.
You will work in the Main Funds Financial Reporting, Cash and Administrative Accounts (MFG) division, part of the Accounting Division within the Finance Department. The MFG prepares the Bankโs Main Funds (Ordinary Capital and IDB Grant Facility) financial statements; oversees the accounting activities for payroll, fixed assets, administrative accounts and cash reconciliations, manages the General Ledger system; and coordinated the preparation of the Bankโs sustainability report.
What youโll do
- Participate in the preparation of monthly, quarterly and annual financial statements in compliance with U.S. GAAP.
- Analyze financial data to identify trends.
- Identify gaps based on best practices and recommend changes to the Bankโs financial reporting procedures to improve the accounting and reporting process.
- Collaborate with internal/external auditors.
- Prepare ad-hoc financial/accounting/sustainability reports, analyses and reconciliations as required.
- Assist in the financial and sustainability reporting process and other projects, as requested by the Head of MFG or the Chief of the Accounting Division.
- Participate in the cash reconciliation process, perform research and assist on the disposition of adjustments, including coordinating with other departments of the Bank and country offices.
- Perform the reconciliation of certain administrative, payroll or pension related accounts.
What you'll need
โข Education: A masterโs degree in accounting, business administration or finance is required. A bachelorโs degree in accounting is preferred. The Certified Public Accountant (CPA) and Affiliation of the Chartered Certified Accountants (ACCA) designation are considered a plus.
โข 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). 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.
โข Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.
Requirements
โข Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.
โข 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
โข Staff: International: International staff contract, 36 months initially, renewable upon mutual agreement.
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
- Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender- neutral parental leave.
- Health Insurance: IDB Group provides employees and eligible dependents with a robust medical benefits program which covers medical, dental, vision, preventive care, and prescription drugs.
- Pension plan: defined benefit pension plan that provides financial security and support employees in planning for their future.
- We offer assistance with relocation and visa applications for you and your family, when it applies
- Hybrid and flexible work schedules
- Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for employees.
- Development support: We offer tools to boost your professional profile such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.
- Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.
Our culture
At the IDB, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.
In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.
We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at accommodations@iadb.org.