Accounting and Budget Associate

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 experienced, dedicated, and team-oriented accounting professional to join our team. You will participate in (i) preparing the monthly, quarterly, and annual financial statements for the IDB’s main funds, ensuring the Bank’s compliance with standards established by authoritative accounting standards setters in the United States, (ii) reconciliation/analyses of cash, fixed assets and payroll transactions, as well as (iii) general administrative accounts accrual/expense analyses.

You will work in the Main Funds Financial Reporting, Cash and Administrative Accounts Group (MFG), part of the Accounting Division within the Finance Department. The MFG team prepares the Bank’s Main Funds (Ordinary Capital and IDB Grant Facility) financial statements; oversees the accounting activities for payroll, fixed assets, administrative accounts and cash reconciliations; manages the General Ledger system; and coordinates the preparation of the Bank’s sustainability report.

What you’ll do

• Participate in preparing monthly, quarterly, and annual financial statements in compliance with U.S. GAAP.
• Analyze financial data to identify trends.
• Identify gaps based on best practices and recommend changes to the Bank’s financial reporting procedures to improve the accounting and reporting process.
• Collaborate with internal/external auditors.
• Prepare ad-hoc financial/accounting/sustainability reports, analyses, and reconciliations as required.
• Assist in the financial reporting process and other projects, as requested by the Head of MFG or the Chief of the Accounting Division.
• Participate in the cash reconciliation process, perform research and assist on the disposition of adjustments, including coordinating with other departments of the Bank and country offices.
• Perform analyses and reconciliations of certain administrative accounts, fixed assets, payroll and pension-related accounts, including the preparation of routine periodic journal entries in the General Ledger.

What you’ll need

• Education: A master’s degree in accounting, business administration or finance is required. A bachelor’s degree in accounting also strongly preferred. The Certified Public Accountant (CPA) and Affiliation of the Chartered Certified Accountants (ACCA) designation are considered a plus.
• Experience: At least 2 years of progressive experience in multilateral institutions and/or Big Four accounting/auditing firms. Expertise in accounting and financial reporting for financial institutions and their operations, establishing and evaluating internal controls and operational risks, analyzing accounting pronouncements, supporting external auditors, and reporting under U.S. GAAP. Strong experience and solid knowledge in cash and accounts reconciliations and/or preparing financial statements and other aspects of a complex financial reporting process, including interfaces with electronic accounting information systems (sub-letters). Knowledge of Blackline Accounting software, as is experience working with SAP (Financial Module) and Microsoft Excel, is highly desirable. Knowledge of tools such as Power BI, Power Automate, Microsoft Access, SQL, or other analytic and visualization systems is strongly desired.
• Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.

Requirements

• 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

• 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 supports 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, 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.

How cinfo Can Support You in the Application Process for This Position

• Application and Interview Preparation: Whether you’re preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.
• For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.

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