Analyst, Operations Finance

Purpose of Job

The Analyst, will contribute to EBRD’s donor-funded business by supporting sound financial management of donor resources via the Bank’s Enterprise Resource Planning (ERP) system. The Analyst will work closely with various departments in the Bank including:

1. Impact & Partnerships

2. Donor Funds Accounting

3. Banking and policy teams

The Analyst is a subject matter expert on all products their team covers and has a good understanding of the end-to-end donor funded processes. 
They are responsible for recording, checking and posting a number of varied transactions on a daily basis into the Bank’s ERP system, verifying accuracy of provided data and information and ensuring that the data complies to donors’ and Bank’s requirements. 
The individual is required to work closely with internal clients from multiple departments and delivering to strict deadlines. 

 

Background

EBRD mobilises funds from its donors to help the Bank to deliver on its transition (sustainable development) mandate to promote sustainable and inclusive growth and to secure a greener future.  EBRD works with the private sector and with governments.  Donor funds are used to address affordability constraints, reduce risks, improve market outcomes in the presence of significant externalities and increase the sustainability and transition impact of its work.

EBRD’s donor funds business has grown in scale and complexity with almost 50% the Bank’s work supported in some way by donor funds. The active donor portfolio amounts to over EUR 4bn with some 220+ funds under management.

Donor funds can comprise either non-reimbursable grants or reimbursable instruments, such as concessional and parallel loans, as well as equity. Non-reimbursable grants covers both technical cooperation grants – for example, assistance in project preparation and implementation or policy engagement – or co-investment funds – for example, capital expenditure grants for investments, risk-sharing facilities, funded and unfunded guarantees, incentives etc.

The scale and complexity of the Bank’s donor-funded business requires sound and efficient financial management and deployment of donor-funding to projects via the Bank’s ERP system.

 

Facts / Scale

• This role relies on a non-standard, complex and highly customised system which demands a high level of accuracy and the ability to work under pressure especially when requests increase substantially at certain times of the year

• Annual donor contributions to the Bank can vary between EUR 1-2bn per annum 

• The team is also responsible for the accurate set up and closure of approximately 1,400 earmarks per year across 220+ active donor funds, whilst ensuring compliance and oversight

 

Accountabilities & Responsibilities

• Set up, change and close funds and manage the earmarking process in the ERP system in a consistent and standardised way; in accordance with the relevant legal agreements and ensuring compliance with agreed processes

• Provide advisory services to internal stakeholders relating to own practice area to ensure there is no misalignment between donors’ requirements and practice

• Contribute to developing and improving processes, controls and responsibilities within own area of specialism to ensure the function best responds to the Bank and Donor’s needs and reflects current practice

• Undertake investigations and inspections of data, processes and practice in accordance with established procedure to identify potential or actual compliance issues and raises identified issues with the Associate

• Subject matter expert on all products dealt with by the team and has a good understanding of the end-to-end donor funded processes

• Provide documentation to internal and external auditors related to work performed by the team

• Support Impact & Partnerships in ensuring there is enough funds in the accounts

• Issue billings of the donor contributions in accordance with the relevant legal agreements as well as following up any outstanding contributions

• Responsible for ensuring that the currencies and exchange rates have been accurately entered in the Bank’s ERP system to help mitigate financial and operational risks and protect against overspend

• Support the accurate and timely closure of earmarks and donor funds to assist with the reflow of funds back to the donors or repurposed for other projects

• Provide a variety of reports and summaries of data from the Bank’s ERP system to stakeholders in order to support donor related activities

• Run reports to monitor and forecast that donor funds are available in the bank account for the funds to be deployed as and when required

• Gather and analyse data to problem solve, drive decisions and continuously improve processes 

 

Knowledge, Skills, Experience & Qualifications

• University degree

• Strong knowledge and understanding of the Bank’s ERP system

• Strong numerical and financial skills with the ability to interpret financial information

• General banking, financial and accounting knowledge

• Proficiency in Microsoft 365, especially the Power Suites as well as Excel, to effectively manage and analyse data, help create reports and automate processes

• Ability to support and lead various projects that aim to improve and make efficient the processes of the end-to-end Donor Cycle

• Any understanding of the Bank’s donor-funded business and related products and end-to-end processes would be an advantage

• Ability to organise and prioritise tasks effectively to meet deadlines

• Effective communication skills 

• Excellent interpersonal skills including tact and diplomacy 

• Fluent English language skills, both verbal and written

• Ability to build partnerships and work collaboratively with others to meet shared objectives

• Strong problem solving and analytical skills

 

 

What is it like to work at the EBRD?

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people’s lives and help shape the future of the regions we invest in. 

 

The EBRD environment provides you with:

• Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in;
• A working culture that embraces inclusion and celebrates diversity;
• An environment that places sustainability, equality and digital  transformation at the heart of what we do.

 

Diversity is one of the Bank’s core values which are at the heart of everything it does.  A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities.  As an inclusive employer, we promote flexible working and expecting our employee to attend the office 50% of their working time.

 

Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).

 

 

 

 

 

 

 

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