IDB Invest - Accounting - Lead Officer / Senior Officer (Washington D.C., US, 20577)

IDB Invest

Experience: 6+ yrs
Location: Washington or United States
Job type: Full-time

Required skills

US GAAP
Financial Instruments
Financial Systems
Cross-functional systems

About the role

We improve lives

IDB Invest is the private sector arm of the IDB Group and an international financial institution committed to addressing the development needs of Latin America and the Caribbean. Our mission is to support sustainable enterprises and projects that deliver financial results while maximizing social and environmental impact in the region.

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 “Originate to Share” our shareholders recently approved a $3.5 billion capitalization. This will allow IDB Invest to significantly scale up its investments, to approximately $19 billion, and unlocking greater private sector participation to drive development and climate impact across the region.

About this position

We are looking for an experienced finance and accounting professional to oversee IDB Invest’s financial instrument accounting function.

In this role, you will supervise an accounting team in collaboration with various other operational units to contribute to the implementation of IDB Invest’s 2.0 Roadmap initiatives.

You will work in the Controllership Division within the Finance and Administration Department and report to the Principal Accounting Officer. The Accounting team is responsible for the preparation of quarterly and annual financial statements for IDB Invest and its donor trust funds, ensuring compliance with accounting policies and procedures in accordance with US Generally Accepted Accounting Principles (US GAAP) or other relevant basis of accounting. In this role, you will lead the implementation of new systems and the design of operational and financial processes to support various operational accounting activities related to development-related investments and treasury portfolios.

What you’ll do

Represent Accounting team in cross-functional and strategic initiatives and new products.
Lead the accounting implementation of major Corporate-wide system projects.
Supervise financial instruments accounting, covering loans, debt instruments, equity investments, guarantees, derivatives such as swaps, forwards & options, and structured products.
Drive continuous development and enhancement of accounting procedures and related internal controls, including challenging current practices to align with market benchmarks and promoting process improvement opportunities in a practical and efficient way.
Oversee the knowledge management practice within the team including developing technical accounting guidance, cross-training topics and documentation maintenance.
Manage, mentor and develop a team of accounting professionals based in headquarters and in the Region. Foster a culture of excellence, accountability and continuous improvements.
Build and maintain collaborative working relationships with Risk Management, IT and other Finance stakeholders at all levels (e.g, front, middle and back office functions). Influence and resolve differences across organizational boundaries where required.
Keep abreast of changes in accounting standards, industry best practices and regulatory changes that impact unit’s operations, and engage with relevant peer institutions or market counterparts for latest trends and knowledge exchanges.

What you'll need

• Education: Master’s degree (or equivalent advanced degree) in Accounting, Finance, Information Systems or other fields relevant to the responsibilities of the role. Professional certification such as CPA or CFA is required.

• Experience: A minimum of 6 years of progressively responsible experience required for the Lead Officer level. At least 5 years of relevant experience for the Senior Officer level. Experience in system implementation work from Big Four accounting/consulting firms or large financial institutions is preferred.

Technical Expertise: In-depth knowledge of financial instruments including Loans and debt instruments, equity investments and derivatives. Experience in implementing large Financial Systems with practical applications of accounting standards is highly sought after.

Communication: Excellent analytical, problem-solving and communication skills, with the ability to present complex financial information clearly to both technical and non-technical stakeholders. Ability to influence and build consensus across multiple stakeholders.

Project Management: Strong project-management discipline with proven record of delivering multi-phased large scale projects.

Leadership (for Lead Officer level): Demonstrated experience in managing teams in a multicultural environment. Strong people management and coaching skills.

• Languages: Proficiency in English required. Additional knowledge of Spanish, French or Portuguese is a plus.

Requirements

• Citizenship: No 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

• 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 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, 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.

#IDBInvest

About IDB Invest

Multilateral development bank financing private sector in Latin America

This page is fully interactive when JavaScript is enabled. Please enable JavaScript to apply or browse related roles.