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 energetic and collaborative experienced Accounting Policy Specialist/Senior Associate with technical expertise in US GAAP. This position requires a strong technical knowledge of US GAAP, excellent oral and written communication skills, and the ability to articulate complex technical concepts. Regular interaction with various teams within the Finance Department, other Bank units, and external auditors is a key aspect of this role. A successful candidate will need to demonstrate sound judgment, effective multi-tasking abilities, and strong time management skills. The candidate should also be able to consider diverse perspectives and build strong partnerships, with a proven track record of providing effective solutions in a dynamic environment.
You will work in Accounting Policy, Trust Fund, and Pension Reporting Group (ACC/PTR) part of the Finance department. This team is responsible for ensuring the Bankโs compliance with applicable accounting policies and standards, and 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.
What youโll do
- Contribute to the Bank's compliance with standards established by authoritative accounting standards setters in the US by monitoring 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.
- Develop implementation plan and strategies of new accounting policies and standards, as well as evaluate alternative form/content for financial disclosures that comply with US GAAP.
- Propose the proper technical accounting treatment and assess the accounting and financial reporting impact of new products and processes in close coordination with other areas of the Bank.
- Assist with 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.
- Assist in the development and improvement of special purpose basis of accounting followed by trust funds administered by the Bank.
- Provide accounting expertise for quarter-end, and year-end financial reporting activities including review of the quarterly and annual IDB financial statements filed with the SEC, and trust fund and benefit plan/program financial statements submitted to donors and other stakeholders.
- Serve as a liaison for technical accounting matters with both internal and external audit staff.
- Assist in providing 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
โข Education: Masterโs degree in accounting and other fields relevant to the responsibilities of the role. CPA or equivalent professional accounting certification is required.
โข Experience: Minimum of 6 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.
โข Languages: Oral and written proficiency in English is required. Proficiency in another Bank language (Spanish, Portuguese, French) is desired.
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 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, 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, 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.