Accounting Policy Lead or Senior Specialist
Location Washington DC
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 energetic and collaborative experienced professional with technical expertise in US GAAP to lead the accounting policy function.
You will work in the Accounting Policy, Trust Fund, and Pension Reporting Group of the Finance Department. This team is responsible for the financial reporting and related internal controls of all funds under the Bankโs administration, including the IDB Lab and the Bank-sponsored benefit plans and programs, and ensuring the Bankโs compliance with applicable accounting policies and standards.
What youโll do:
Ensure the Bank's compliance with standards established by authoritative accounting standards setters in the US. Monitor the standards-setting processes of institutions such as the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC), and the American Institute of Certified Public Accountants (AICPA). Stay abreast of the standard-setting developments in the international arena. Lead the implementation of new accounting policies and standards, as well as evaluate alternative form/content for financial disclosures that comply with US GAAP. Determine the proper technical accounting treatment and assess the accounting and financial reporting impact of new and proposed products and processes in close coordination with other areas of the Bank. Provide accounting consultation on complex technical matters that may have a Bank-wide impact. Prepare and maintain the Bankโs accounting policy documentation, including manuals and position/issue papers. Provide accounting expertise for quarter-end, and year-end financial reporting activities including review of the quarterly and annual financial statements filed with the SEC and/or submitted to other stakeholders. Serve as a liaison for technical accounting matters with both internal and external audit staff. Provide training on accounting and reporting matters to various levels of the Bank's staff, Senior Management, and the Board of Directors.What you'll need
Education: Masterโs degree in accounting and other fields relevant to the responsibilities of the role. CPA or equivalent professional accounting certification is required. Experience: Minimum of 8 years of experience in accounting or related field. Progressive experience in a Big 4 public accounting firm and/or technical accounting policy functions at financial institutions and multilateral organizations is highly preferred. Languages: Oral and written proficiency in English is required. Proficiency in another Bank language (Spanish, Portuguese, French) is desired.Key skills
Technical track (with supervisory responsibilities):
Mentor and develop Promote Diversity, Equity, Inclusion, and Belonging Focus on clients Communicate and influence Innovate and try new thingsRequirements
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. 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 employeeโs life. These benefits include:
A competitive compensation package, including an annual base salary expressed on a net-of-tax basis. 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. We offer assistance with relocation and visa applications for you and your family when it applies. 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. Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, 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
The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab, offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.
About IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public and private sector clients throughout the region.
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Additional Information
External Opening Date: Aug 26, 2024 External Closing Date: Sep 10, 2024 External Contact Email: hrsc@iadb.org Job Field: Accounting & Budget