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.
IDB Invest operates in 26 countries, structured across four geographic regions and three industry verticals: Infrastructure and Energy, Financial Intermediaries, and Corporates.
In support of a new transformative business model โOriginate to Shareโ our shareholders recently approved a $3.5 billion capitalization. This will allow IDB Invest to significantly scale up its investments, nearly doubling annual financing from approximately $8 billion to $19 billion, unlocking greater private sector participation to drive development and climate impact across the region.
About this position
The Head of Budget (Budget Lead Officer) will play a key role in leading the institutionโs budget cycle, rolling forecasts, and workforce planning, and will provide decision support to Management through clear financial analysis, scenario modeling, and performance reporting. Through strong budget governance, continuous process improvement, cost monitoring, and cost allocation methodologies, this role supports effective resource allocation aligned with strategic priorities and financial sustainability.
A successful candidate brings hands-on capability in building and improving budget planning models, translating assumptions into clear forecasts, and producing insightful variance and performance insights. Strong communication skills are essential.
The Budget Team serves as a strategic partner across the organization, providing the tools and insights needed to support the optimal allocation and effective use of IDB Investโs resources. The team delivers timely, accurate budget information, enabling informed decision-making.
You will be part of the Controllership Division (CTR) within the Finance and Administration Department (FNA) and report to the Director of Financial Planning and Budget (FPB). The Controllership Division oversees Financial Planning and Budget, Accounting, Financial Reporting, Valuation, and Administration.
What youโll do
- Budget Planning: Lead the organizationโs annual administrative and capital budget cycle, ensuring alignment with strategic goals and priorities, and providing clear justifications for budget requests and cost increases. Plan the distribution of available resources to different departments, projects, or initiatives based on their priorities and strategic importance.
- Forecasting: Conduct long-term planning of the institutionโs operating expenses to anticipate resource requirements while maintaining the financial sustainability of the institution.
- Workforce Planning: Support scenario analysis for workforce and cost optimization, including the financial impact of hiring, outsourcing, and organizational changes. Collaborating with HR and department leads to align staffing plans and maintaining oversight of workforce capacity by comparing approved staffing plans with current position occupancy.
- Business Writing: Be proficient in drafting complete, high-quality documents and proposals common to development banks, including materials for Senior Management and the Board of Directors. Able to translate technical financial content into clear, structured narratives suitable for non-finance audiences.
- Budget Monitoring: Monitor and analyze budget execution throughout the fiscal year, providing clear explanations of variances and recommending corrective actions. Demonstrate in-depth knowledge of budget and operating expense details, while also being able to synthesize and communicate key messages and insights to senior stakeholders in a clear, strategic narrative.
- Cost Allocation and management: Develop and maintain cost allocation models for distributing direct and indirect costs across business units or departments.
- Systems Implementation and Maintenance: Participate in the development, implementation, and dissemination of new or existing budgetary tools, methodologies, procedures, and dashboards.
- Continuous Improvement: Identify and implement process enhancements to improve the efficiency, accuracy, and effectiveness of the teamโs work. Lead the ongoing evolution of budget frameworks and ensure governance documentation remains current and aligned with institutional needs.
- Lead a high-performing team that collaborates effectively across functions and departments. Foster a culture of knowledge sharing and continuous learning, while actively supporting professional growth through skills-building opportunities and clear pathways for career advancement.
What you'll need
โข Education: Masterโs degree in business administration, Finance, Economics or other fields relevant to the responsibilities of the role. Relevant professional certifications are a plus.
โข Experience: A minimum of 6 years of relevant experience and at least 5 years leading Budget and/or FP&A teams. Candidates should demonstrate strong technical expertise, a solid track record and experience leading teams.
โข Technical & Leadership Capabilities
- Proven experience in budgeting, financial planning, or cost analysis, preferably within a multilateral development bank, international organization, financial institution or large private organizations.
- Lead a high-performing team that collaborates effectively across functions and departments. Foster a culture of knowledge sharing and continuous learning, while actively supporting professional growth through skills-building opportunities and clear pathways for career advancement.
- Strong knowledge of workforce planning, position control, and personnel cost forecasting.
- Continuous Improvement: Identify and implement process enhancements to improve the efficiency, accuracy, and effectiveness of the teamโs work. Lead the ongoing evolution of budget frameworks and ensure governance documentation remains current and aligned with institutional needs.
- Proficiency in Excel and financial planning systems and as well as experience in developing and implementing dashboards for reporting and analytics in Power BI.
- Systems Implementation and Maintenance: Participate in the development, implementation, and dissemination of new or existing budgetary tools, methodologies, procedures, and dashboards.
- Excellent analytical, communication, and collaboration skills to work cross-functionally with HR, Finance, and business units.
- Cost Allocation and management: Develop and maintain cost allocation models for distributing direct and indirect costs across business units or departments.
- Attention to detail, accountability, and ability to manage competing priorities in a deadline-driven environment.
- Budget Monitoring: Monitor and analyze budget execution throughout the fiscal year, providing clear explanations of variances and recommending corrective actions. Demonstrate in-depth knowledge of budget and operating expense details, while also being able to synthesize and communicate key messages and insights to senior stakeholders in a clear, strategic narrative.
- Strong communication and presentation skills.
โข Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.
Requirements
โข Citizenship: No requirements
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 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 employeeโs 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 that 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.
-Hybrid and flexible work schedules.
-Health and well-being: Access to our Health Services Center that 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.
Our culture
At the IDB Group, 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.
Our Human Resources Team reviews carefully every application.
#IDBInvest
- Business Writing: Be proficient in drafting complete, high-quality documents and proposals common to development banks, including materials for Senior Management and the Board of Directors. Able to translate technical financial content into clear, structured narratives suitable for non-finance audiences.
- Workforce Planning: Support scenario analysis for workforce and cost optimization, including the financial impact of hiring, outsourcing, and organizational changes. Collaborating with HR and department leads to align staffing plans and maintaining oversight of workforce capacity by comparing approved staffing plans with current position occupancy.
- Forecasting: Conduct long-term planning of the institutionโs operating expenses to anticipate resource requirements while maintaining the financial sustainability of the institution.