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 โOriginate to Shareโ our shareholders recently approved a $3.5 billion capitalization. This will allow IDB Invest to significantly scale up its investments, nearly doubling annual financing from approximately $8 billion to $19 billion, and unlocking greater private sector participation to drive development and climate impact across the region.
About this position
IDB Invest is looking for a Budget Lead Officer with a strong background in Budget Planning, Cost Accounting and FP&A. In this role, you will be instrumental in supporting Management in the planning and efficient management of the institutionโs budgetary resources, ensuring alignment with corporate strategy and business priorities.
The Budget team serves as a strategic partner across the organization, providing the knowledge, tools, and insights necessary to ensure the optimal allocation and effective use of IDB Investโs resources. It delivers timely, accurate, and relevant budgetary information to client departments, enabling informed decision-making at all levels.
You will be part of the Controllership Division within the Finance and Administration Department and report to the Director of Financial Planning and Budget. The Controllership Division oversees Financial Planning and Budget, Accounting, Financial Reporting, Valuation and Administration.
What youโll do
- Budget Planning: Lead the organizationโs annual budget call and preparation, ensuring alignment with strategic goals and priorities, and providing clear justifications for budget requests and cost increases. Plan the distribution of available resources to different departments, projects, or initiatives based on their priorities and strategic importance.
- Forecasting: Conduct long-term planning of the institutionโs operating expenses to anticipate resource requirements while maintaining the financial sustainability of the institution.
- Workforce Planning: Support scenario analysis for workforce and cost optimization, including the financial impact of hiring, outsourcing, and organizational changes. Collaborate with HR and department leads to align staffing plans and maintaining oversight of workforce capacity by comparing approved staffing plans with current position occupancy.
- Business Writing: Be proficient in drafting complete, high-quality documents and proposals common to development banks, including materials for Senior Management and the Board of Directors. Able to translate technical financial content into clear, structured narratives suitable for non-finance audiences.
- Budget Monitoring: Monitor and analyze budget execution throughout the fiscal year, providing clear explanations of variances and recommending corrective actions. Demonstrate in-depth knowledge of budget and operating expense details, while also being able to synthesize and communicate key messages and insights to senior stakeholders in a clear, strategic narrative.
- Cost Allocation and management: Develop and maintain cost allocation models for distributing direct and indirect costs across business units or departments.
- Systems Implementation and Maintenance: Participate in the development, implementation, and dissemination of new or existing budgetary tools, methodologies, procedures, and dashboards.
- Continuous Improvement: Identify and implement process enhancements to improve the efficiency, accuracy, and effectiveness of the teamโs work. Lead the ongoing evolution of budget frameworks and ensure governance documentation remains current and aligned with institutional needs.
- Lead a high-performing team that collaborates effectively across functions and departments. Foster a culture of knowledge sharing and continuous learning, while actively supporting professional growth through skills-building opportunities and clear pathways for career advancement.
What you'll need
Education: Masterโs degree in Business Administration, Finance, Economics or other fields relevant to the responsibilities of the role. Relevant professional certifications are a plus.
Technical & Leadership Capabilities - Sound understanding and command of Budgeting activities, including preparing documents, forecasting, in-depth analysis and cost allocation methodologies.
- Lead a high-performing team that collaborates effectively across functions and departments. Foster a culture of knowledge sharing and continuous learning, while actively supporting professional growth through skills-building opportunities and clear pathways for career advancement.
- Proven experience in budgeting, financial planning, or cost analysis, preferably within a multilateral development bank, international organization, financial institution or large private organizations.
- Continuous Improvement: Identify and implement process enhancements to improve the efficiency, accuracy, and effectiveness of the teamโs work. Lead the ongoing evolution of budget frameworks and ensure governance documentation remains current and aligned with institutional needs.
- Strong knowledge of workforce planning, position control, and personnel cost forecasting.
- Systems Implementation and Maintenance: Participate in the development, implementation, and dissemination of new or existing budgetary tools, methodologies, procedures, and dashboards.
- Proficiency in Excel and financial planning systems and experience with data visualization tools (e.g., Power BI) is required.
- Cost Allocation and management: Develop and maintain cost allocation models for distributing direct and indirect costs across business units or departments.
- Excellent analytical, communication, and collaboration skills to work cross-functionally with HR, Finance, and business units.
- Budget Monitoring: Monitor and analyze budget execution throughout the fiscal year, providing clear explanations of variances and recommending corrective actions. Demonstrate in-depth knowledge of budget and operating expense details, while also being able to synthesize and communicate key messages and insights to senior stakeholders in a clear, strategic narrative.
- Attention to detail, accountability, and ability to manage competing priorities in a deadline-driven environment.
- Business Writing: Be proficient in drafting complete, high-quality documents and proposals common to development banks, including materials for Senior Management and the Board of Directors. Able to translate technical financial content into clear, structured narratives suitable for non-finance audiences.
- Strong communication and presentation skills.
Experience: A minimum of 6 years of relevant experience in Budgeting and/or FP&A. Candidates should demonstrate strong technical expertise, a solid track record and experience leading teams.
Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.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 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 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 Group, 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.
Our Human Resources Team reviews carefully every application.
#IDBInvest
- Workforce Planning: Support scenario analysis for workforce and cost optimization, including the financial impact of hiring, outsourcing, and organizational changes. Collaborate with HR and department leads to align staffing plans and maintaining oversight of workforce capacity by comparing approved staffing plans with current position occupancy.
- Forecasting: Conduct long-term planning of the institutionโs operating expenses to anticipate resource requirements while maintaining the financial sustainability of the institution.