IDB Invest Accounting Policy Lead Officer/Officer
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 the position
The Controllership Division (CTR) within IDB Investโs Finance and Administration Department (FNA) is responsible for accounting, financial reporting, investment valuations, budget operations, and administrative matters. The Accounting team within CTR is responsible for preparation of IDB Invest and its Donor Funds under Administration financial statements; establishing and monitoring compliance with accounting policies and procedures for all transactions to ensure that IDB Invest's accounting and financial reporting is in compliance with US generally accepted accounting principles (US GAAP) or other applicable mentorship; conducting and preparing financial records for IDB Investโs operations, including development related investments, borrowings, treasury investments and corporate accounting activities (e.g., fixed assets, leases, salaries and benefits, administrative accounting).
We are looking for an experienced accounting policy specialist to lead its accounting policy function. This position requires strong technical knowledge of US GAAP across a variety of topic areas, a high level of judgment and autonomy, the ability to handle confidential and sensitive matters and to work with colleagues at all levels of the organization and engage with external auditors as needed. This is an exciting opportunity to apply finance and accounting knowledge to a broad set of complex matters in a growing institution.
What you will do:
Monitor the technical agenda of the Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA) to anticipate potential updates in accounting or auditing standards applicable to IDB Invest and its Donor Funds under Administration and provide quarterly updates to relevant stakeholders. Lead the impact assessment of new and proposed accounting and auditing standards on IDB Invest and its Donor Funds under Administrationโs financial statements, financial operations and governance. Review financial statement disclosures for compliance with accounting standards and/or market practice in collaboration with the financial reporting team.Maintain accounting policy documentation, including accounting policy manual and related guidelines, and advise on other operational documentation that may impact or be impacted by IDB Investโs accounting policies. Assess the accounting implications of existing or prospective non-routine transactions, activities, or business events, and advise stakeholders on actions to be taken regarding the accounting and financial reporting for such activities. Provide mentorship to other team members and training to staff throughout IDB Invest on accounting policies, procedures, and standards. Present accounting and financial reporting matters to IDB Investโs staff and senior management.
What you'll need
Education: MBA or masterโs degree in accounting, Professional Accounting Certification: CPA/CA or equivalent required. Experience: At least 8-12 years of relevant professional experience evaluating, researching, and applying a broad range of accounting, auditing, and financial reporting requirements under U.S. GAAP, particularly accounting for financial instruments (ASC 310, 320, 323, 326, 810, 815, 820, 825, 860). Familiarity with the operations of and internal controls applicable to financial institutions and experience engaging with auditors. Big 4 accounting firm and/or multinational environment /development finance institution experience preferred. Languages: Oral and written proficiency in English is required. Proficiency in Spanish highly desirable. French and Portuguese a plus.Key skills
Mentor and develop. Promote Diversity, Equity, Inclusion and Belonging. Focus on clients. Communicate and influence. Innovate and try new things.Requirements
Citizenship: No requirements
Consanguinity: 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: 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 which 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 wellbeing: Access to our Health Services Center which 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 innovative 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 Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and improve economic, social, and environmental development in the region. With a portfolio of $16.3 billion in asset management and 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a broad range of industries.
Follow us:
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https://twitter.com/BIDInvest Additional Information
External Contact Email: hrsc@iadb.org External Contact Name: HR Service Center Job Field: Accounting & Budget