Deadline: 4 February 2016
Inter-American Development Bank (IDB) is currently seeking applications from the eligible applicants for the post of Unit Chief Finance and Treasury Accounting in Washington DC, United States.
The Unit Chief Finance and Treasury Accounting will be responsible for all accounting operations of the Bank.
IDB’s aim is to achieve development in a sustainable, climate-friendly way through financial and technical support for countries working to reduce poverty and inequality.
Key Jobs Responsibilities
The Unit Chief Finance and Treasury Accounting performs the following functions-
- Leads the accounting operations of the Bank by directing the activities of three groups: Capital Markets, Loans and Grants and Corporate Accounting Groups.
- Acts as a technical point of contact for the Unit and its internal and external clients.
- Oversees the review, monitoring, and validation of the valuation reporting of the investment, funding, derivatives and Loan portfolios, as well as the financial models developed by the Treasury Division and validated by the Risk Management Office.
- Oversees the assessment of the accounting implications of new Bank investments, borrowing and derivative financial instruments, lending and other financing products, and administrative budget policies and procedures, as well as new transactions in the accounting and reporting for such activities.
- Assists the business units in the interpretation and application of accounting policy and procedures in the areas of responsibility, especially for new products or transactions in order to ensure compliance with GAAP and the accounting and financial reporting policies.
- Advises Management on and resolves complex accounting issues. Provides technical advice, delivers presentations and serves on interdepartmental working groups in matters regarding the Bank’s financial products and services, capital market transactions, related financial systems, accounting, budgetary and payroll matters.
- Leads the design, implementation, maintenance and control of financial systems and reporting platforms that support the activities of the Unit.
- Monitors activities of the off-site accounting transactions Service Center.
- Ensures compliance with GAAP, professional guidelines and the Bank’s COSO control framework in the areas of responsibility.
- Establishes goals and expectations for FTA staff and ensures timely feedback/guidance is provided to optimize performance.
- Makes recommendations on resource and budgetary requirements for annual planning purposes.
Eligibility Criteria
Applicants must have-
- Master’s degree in finance, business administration, accounting, or other relevant field, MBA, or equivalent degree required. Certification to practice public accounting (CPA) is required. CFA (Chartered Financial Analyst) is desirable.
- At least 10 years of relevant, practical work experience, mostly in a multinational environment.
- At least 5 years in public accounting.
- Experience should include accounting and reporting for capital market transactions, including borrowings, investments, and derivatives, and other financing products; multi-currency accounting and internal controls.
- Experience in fair value accounting and reporting required. Good working knowledge of valuation of financial instruments.
- Financial institutions experience, either directly or as an independent auditor, a must.
- Proven experience in similar positions, including broad experience at a similar level in coordinating multi- disciplinary teams is essential.
- Proficiency in the use of MS Office package, Treasury management systems (Misys/Summit a plus), loan management systems, and general ledger, as well as a solid understanding of the complexity of systems development phases (concept, design, development, implementation, production) and systems integration, in particular. Knowledge of SAP is a plus.
- Proficiency in English is required, as well as proficiency in a second Bank’s language (Spanish is highly desirable).
- Working knowledge of French and Portuguese is a plus.
How to Apply
Applicants must submit their applications through online process.
For more information, please visit IDB.
