Accounting Senior Associate

Job title: Accounting Senior Associate

What you’ll do

• Support the monitoring and assessment of accounting, financial reporting, and disclosure requirements issued by relevant standard setters and regulators, including the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC), the American Institute of Certified Public Accountants (AICPA), and relevant international standard-setting bodies, as applicable.

• Assist in evaluating the potential accounting and financial reporting impact of newly issued or proposed standards, as well as new products, instruments and emerging market practice.

• Contribute to the implementation of new accounting standards, reporting requirements, financial products, and business initiatives by performing technical accounting research, identifying process and control implications, and documenting conclusions in accounting policy memoranda and manuals, in collaboration with relevant stakeholders across the Bank.

• Support the maintenance and continuous update of the Bank’s accounting policy documentation, manuals, guidance notes, and other technical reference materials to ensure alignment with applicable standards and internal requirements.

• Assist in the review of quarterly and annual financial statement disclosures for compliance with applicable accounting standards and internal policies.

• Support the financial reporting process for the Bank’s portfolio of benefit plans and trust funds, including the preparation and analysis of financial statements, disclosures, reconciliations, and supporting documentation, ensuring accuracy, completeness, and compliance with applicable accounting standards, donor requirements, and established procedures.

• Assist in the performance, documentation, and evaluation of controls over the financial reporting process of benefit plans and trust funds, contributing to the effectiveness of the Internal Control over Financial Reporting (ICFR) framework.

• Support the annual external audit process for benefit plans and trust funds, including preparation of audit schedules, coordination of supporting documentation, and timely follow-up on auditor requests.

• Contribute to identifying process improvement opportunities and support the development and implementation of enhanced procedures, templates, and reporting tools to improve efficiency and data quality in financial reporting.

• Collaborate with cross-functional teams to obtain, validate, and analyze financial data required for reporting, analysis, and decision-making.

• What you’ll need

• Education: master’s degree or equivalent in Accounting or other fields relevant to the responsibilities of the role. CPA or equivalent professional accounting certification highly desired.

• Experience: Minimum of 3 years required (5 years preferred) of experience in accounting or financial reporting, or equivalent combination of education and experience.

• Knowledge of and experience with SAP General Ledger is highly desired.

• Knowledge and experience in Internal Control over Financial Reporting (ICFR) standards.

• Strong analytical skills with the ability to interpret complex financial data and provide actionable insights.

• Excellent communication and interpersonal skills, with a proven ability to collaborate effectively with cross-functional teams.

• Detail-oriented with a commitment to accuracy and integrity in financial reporting.

• Ability to adapt to changing priorities and work efficiently in a fast-paced environment.

• Languages: Proficiency in English is required. Spanish and Portuguese are a plus.

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 support employees in planning for their future.
• We offer assistance with relocation and visa applications for you and your family when it applies.
• On-site position with the occasional flexibility of teleworking.
• Health and well-being: Access to our Health Services Center that provides preventive care and health education for empl