Chief of Finance and Administration โ Unit Chief
IDB Lab
Location: Washington, D.C.
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:
As the innovation laboratory of the IDB Group, IDB Lab mobilizes financing, knowledge, and connections to promote innovation for inclusion in Latin America and the Caribbean (LAC). IDB Lab co-creates projects with innovative private sector solutions to improve the lives of those who are poor and vulnerable due to economic, social, or environmental factors in the LAC region. IDB Lab has a high tolerance to risk and employs an array of flexible various finance instruments like, loan and equity.
We are looking for a highly qualified professional to lead its Finance and Administration (FIA) unit, reporting to IDB Labโs CEO.
The FIA Unit currently comprises a team of 4 employees at headquarters. The extended team is larger, since FIA delivers its work through a combination of business-embedded, business-aligned, and shared services. FIA works collaboratively across IDB Lab units and with other parts of the IDB Group, particularly the IDB Vice-presidency of Finance. FIA is responsible for supporting and contributing to the execution of IDB Labโs operational program and mandate in LAC through the delivery of efficient and effective corporate products & services, efficient human and financial resource mobilization, detailed financial management, a robust risk management framework and sound information technology platforms. Key results within the next year include developing an enhanced process for people management โ encompassing hiring, training, incentives; improving the financial model and projections; implementing an enhanced financial risk management suited to IDB Labโs high-risk investments and extensive venture capital portfolio; and carrying out key reforms in corporate processes to underpin IDB Labโs implementation of the MIF IV model.
What youโll do:
The role entails activities for the daily management of the finances, risk management, and people matters at IDB Lab, as well as providing inputs to the Chief Strategy Officer of IDB Lab for strategic initiatives, most importantly to support the long-term sustainability of IDB Lab and the implementation of the recently approved additional capital for IDB Lab (MIF IV) and the future model post-MIF IV.
Education: You hold a Masterโs or equivalent Licenciatura/advanced degree, in accounting, finance, business administration, economics, information systems, or related field. CFA designation is a plus.
Experience: You have a minimum of 10-12 years of relevant corporate experience for sophisticated operations, including the areas of development, finance, and information technology, and preferably in an international environment. Exposure and familiarity with venture capital investments and products. At least 3 years in managerial positions is a plus.
Track record in talent management is plus.
Thorough training and proven expertise in financial modelling, liquidity management, risk management, accounting and finance. Deep understanding of client needs and challenges, of different country/regional areas, market idiosyncrasies, international development agenda and drivers of impactful change in Latin America and the Caribbean. Budget knowledge, finance, bank policies and systems, and human resources management. Operational knowledge of project management, knowledge management, impact evaluation and digital transformation. Substantial understanding of planning and executing financial strategies, and in formulating, implementing, and evaluating financial policy, instruments, and services, and risk management, with clear accountability for profit and loss. An understanding of the operational frameworks of public sector and/or multilateral institutions (including their special governance, mandates, safeguards, and human resources structures). Understanding of, and experience with capital markets and capital market activity, including the mechanics of investments, funding, swaps, liquidity management, asset/liability management, and derivatives. Understanding and experience with valuation models and financial projections is highly desirable, as is an understanding of project finance.Languages: You are fluent (written and oral) in both English and Spanish. Deep knowledge of Portuguese and/or French is a plus.
Key Skills: Financial management, modelling and planning, accounting, corporate finance, people management, risk management, venture capital investments.
Mentor and develop.
Promote Diversity, Equity, Inclusion and Belonging. Build Lean and Versatile teams. Lead change and Transformation. Create Partnerships.Requirements:
Citizenship: citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents. Consanguinity: have no family members (up to 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.
Leave and vacation: 24 days of paid time off + 8 personal days + sick leave + gender-neutral parental leave.