Inter-American Development Bank: 7 Positions

At the Inter-American Development Bank, we’re devoted to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48 member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.

 

Responsibilities and Requirements 

 

（1）Accounting & Budget Senior Associate

Location: Washington, DC

MAIN RESPONSIBILITIES:

1、Prepare monthly financial statements and other financial reports for internal and external use.

2、Prepare draft annual financial statements according to US GAAP.

3、Identify deviation from US GAAP and/or Bank policies and procedures and recommend corrective action.

4、Provide accounting, reporting and control services for loans and grants, borrowings, investments, derivatives, capital, payroll, fixed assets and administrative accounts. Provide guidance to Country Offices and accounting personnel in other business units on compliance with appropriate accounting guidelines and procedures and US GAAP.

5、Ensure all transactions conform to Bank policies and procedures and that they are properly registered.

6、Serve as liaison with COSO officers as well as with internal and external auditors.

7、Participate in the assessment and development of accounting policies, procedures and controls for new financial transactions, and compliance with new and existing regulations.

8、Perform and verify reconciliations of subsidiary ledgers to ensure the accuracy and integrity of balances and transactions, and their proper interface with the general ledger.

9、Participate with system analysts in the design, development and testing of enhancements to financial and general ledger systems.

10、Participate in the planning and implementation of general ledger and subsidiary system changes to accommodate new transactions, change in regulations or new technology.

11、Maintain appropriate documentation of performed work for auditor's review.

 

 

Requirements:

Education: Master's Degree (or the equivalent) in Accounting or Finance, certification to practice public accounting in a member country (CPA, Contador Publico) may be considered in lieu of a Master's Degree, provided the candidate holds a Bachelor's degree in Finance or Accounting.

Experience: A minimum of five (5) years of recent experience in public accounting and/or a multinational business environment.

Language: Proficiency in English and Spanish is required. French or Portuguese are desirable.

 

Technical Competencies

1.     Quantitative Analysis. Uses analytical tools and mathematical processes to empirically analyze and evaluate data and information.

2.     Qualitative Analysis. Investigates beyond numbers through research and intuition to determine the reasonableness of information used for decision-making.

3.     Financial Market Knowledge. Understands financial market dynamics, products and economics and their implications for financial and risk management.

4.     Financial Operations. Researches, analyzes, inputs and reports information on the origination, execution and monitoring of financial operations.

5.     Systems and Applications Knowledge. Leverages systems and applications knowledge to enter data, process transactions, conduct relevant analyses, and generate reports.

6.     Risk Awareness. Understands, analyzes, acts on and communicates risks by applying appropriate controls and risk mitigation procedures.

7.     Business Acumen. Demonstrates an understanding of own functional area, the business of the Department and the IDB’s needs and priorities.

 

Core Competencies

1.     Collaboration, Teamwork & Inclusion. Works cooperatively with others independent of background or organizational role, and takes a team-based and inclusive approach to projects and decision making.

2.     Innovation & Creativity. Develops imaginative ideas and solutions through creativity, experimentation and critical thinking

3.     Communication & Influence. Communicates effectively and leverages relationships and strategies to influence others.

4.     Client Focus. Understands client needs and provides services that meet their expectations for quality and performance; meets the Bank’s expectations for ethical behavior.

 

(2) Accounting and Budget Senior Specialist

MAIN RESPONSIBILITIES:

1、Monitors the standards setting processes of the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC), the American Institute of Certified Public Accountants (AICPA) and the International Accounting Standards Board (IASB) to evaluate the Bank's level of compliance with these standards.

2、Interprets new or existing accounting rules, standards and policies. Prepares accounting policy, position and issue papers recommending accounting and reporting policies for the Bank. Evaluates alternative form/content for financial disclosures that comply with US GAAP and the SEC rules and recommends alternatives for the Bank.

3、Contributes to the coordination and development/enhancement of the Bank's accounting policies and procedures resulting from new pronouncements issued by authoritative accounting standards setters as well as new products and initiatives of the Bank. The incumbent is responsible for maintaining the Bank’s accounting policy documentation up-to date.

4、Monitors the execution of financial transactions throughout the Bank for compliance with accounting policies, procedures, and the standards of external regulators. When violations are identified, coordinates with Business Unit staff to develop and implement corrective policies/procedures/guidelines.

5、Provides training to staff throughout the Bank on new or enhanced accounting policies, procedures and standards.6、Makes presentations on accounting and reporting matters to various levels of the Bank's staff, Senior Management, and the Board of Directors.

7、Serves as advisor for accounting policies, procedures and regulations issued by the Bank and US GAAP. In coordination with the supervisor, determines the appropriateness of the application to the Bank's accounting operations and systems. Provides mentorship and technical guidance to more junior staff. 

 

Requirements:

Education: Master’s degree (or equivalent degree) in Accounting, Finance, Business Administration, or other relevant field. Should possess certification by a professional body to practice public accounting (US CPA Preferred). Relevant certifications in the field of Accounting such as Certified Public Accountant (US CPA Preferred) may be considered in lieu of a Master’s Degree, provided the candidate holds a Bachelor’s degree in Accounting, Finance Business Administration or other relevant field.

Experience: At least seven years of relevant practical technical professional experience in accounting/auditing (with at least 5 years at the international level) acquired in a public accounting firm and/or multinational environment.

-       Required: Expertise in accounting policies and reporting under US GAAP. Experience and knowledge of accounting and reporting for financial institutions operations, internal controls, accounting for multi-currency transactions, and dealing with internal and external auditors at a technical level. Strong communication skills, both verbally and in writing, in order to effectively address internal and external client demands and write technical documents. Strong analytical skills.

-       Desirable: Knowledge of International Financial Reporting Standards (IFRS) and of valuation essentials for fixed income and derivative (mainly swaps and options) products. Knowledge of multilateral institutions and their operations.

Languages: Proficiency in English is required. Proficiency in any other official Bank language desirable (Spanish, French and/or Portuguese).

 

Technical Competencies

1.     Quantitative Analysis: Uses analytical tools and mathematical processes to empirically analyze and evaluate data and information.

2.     Qualitative Analysis: Investigates beyond data through knowledge, research and intuition to determine the reasonableness of information used for decision-making.

3.     Accounting Theory: Thorough knowledge of U.S. GAAP and/or IFRS. Ability to stay abreast of these and other issues related to the accounting and auditing fields. Understand and effectively applies accounting principles and rules to accounting transactions and uses knowledge to develop IDB accounting policies and practices.

4.     Accounting & Budget Operations: Executes, analyzes and reports information on the origination, approval and monitoring of accounting operations and transactions.

5.     Financial Reporting: Creates clear, concise, accurate, timely and persuasive financial reports that lead to informed decisions and actions.

6.     Internal Controls and Operational Risk: Designs, implements, monitor and maintain effective internal controls and operational risk structures and reporting mechanisms.

7.     Business Acumen: Demonstrates an understanding of own functional area, the business of the Department, the Bank and client business needs and priorities. Understands and applies knowledge of Bank strategies, business priorities, processes and policies to accomplish goals and execute on business area work program.

8.     Audit Expertise and Coordination: Thorough knowledge of auditing standards. Understands audit processes and procedures and uses knowledge to plan and coordinate activities that support external and internal audits.

9.     Financial Market Knowledge: Understands financial markets dynamics, products and economics and their implications for accounting and financial reporting.

 

Core Competencies·        

Innovation and Creativity: Develops imaginative ideas and solutions through creativity, experimentation and critical thinking.

Communication and Influence: Communicates effectively and leverages relationships and strategies to influence others.

Client Focus: Understands client needs and provides services that meet their expectations for quality and performance; meets the Bank’s expectations for ethical behavior.

Collaboration, Teamwork and Inclusion: Works cooperatively with others independent of background (e.g., gender, ethnic origin, religion, disability, sexual orientation, background, perspective) or organizational role, and takes a team based and inclusive approach to projects and decision making. Gains the support of others for own ideas and initiatives, regardless of formal authority and organizational boundaries.

 

(3) Climate Advisory Service Inter-American Investment Corporation

MAIN RESPONSIBILITIES:

1、Support the implementation of an action plan to double climate finance by 2020

2、Provide technical advice and supporting the development of IDB Group Country Strategies and the IIC’s multi-year Business Plans in relation to climate action and sustainability, helping to identify and overcome relevant specific institutional and regulatory issues;

3、Support the design and implementation of a portfolio of advisory services products and services and lead the business development efforts; identify and prioritize potential clients, according to IIC’s priorities;

4、Convene regional and national private sector – related dialogues, promote industry initiatives aligned with IIC’s Climate Action Plan and with the global climate agenda;

5、Collaborate with Segment Divisions to originate sustainable investments adding technical assistance related to climate (forestry, renewable energy, energy efficiency, climate smart agriculture) and support throughout the IIC operating cycle to mainstream climate and sustainability considerations;

6、In collaboration with investment teams from INO segment divisions, support the identification and design of projects where the use of technical assistance and/or blended climate finance is justified and contributing to the structuring of the technical assistance or concessional finance component in such projects;

7、Oversee preparation of lessons learned related to advisory services within and outside the IDBG for the country. Disseminating information to project teams on transaction strengths, weaknesses, risks and risk mitigation options;

 

REQUIREMENTS:

Experience in climate finance, advisory services and thought leadership with private sector actors is essential. Successful track record in positions both in private sector firms and in development focused institutions will be highly valued. An understanding of the operational work of the IIC or similar multilateral institutions as well as an understanding of the operational frameworks of public sector and/or multilateral institutions (including their special governance, mandates, safeguards, and human resources structures) will be a plus. 

--Education:  An advanced degree (at least Master’s, MBA, or equivalent) in Finance, Business Administration, Engineering, International Development and/or other relevant fields. 

--Experience:  At least 5+ years of relevant professional experience in private finance with a proven track record of working with private sector actors and development organizations.  Understanding of client needs and challenges, market idiosyncrasies, and drivers of change in Latin America and the Caribbean shall be highly valued.

--Language Skills: oral and written proficiency English required; Spanish language preferable; knowledge of Portuguese and/or French is a plus.

 

Technical Competencies:

Project Design and Structuring – Designs and structures projects that are sustainable, financially and developmentally sound and contribute to the IIC mission.Sector and Thematic Expertise – Develops and applies specialized sector or strategic expertise to projects.

Relationship Management – Manages internal or external clients and their needs by building relationships, maintaining contact, and gathering a deep understanding of their function or business.

 

Core and Leadership Competencies:

Innovation and Creativity – Develops imaginative ideas and solutions through creativity, experimentation and critical thinking.

Quality and Efficiency in All we do – Creates and/or implements standards of excellence for products and services ensuring consistency, accuracy, reliability and efficiency. Continuously seeks new ways to make processes run smoother and faster to enhance outcomes.

Communication, Influence and Accountability – Communicates effectively and leverages relationships and strategies to influence others.

Client Focus – Understands client needs and provides services that meet their expectations for quality and performance. Meets the IIC’s expectations for ethical behavior.

Developing People and Teams to Deliver Results – Builds employee talent and capability and communicates their accountability for development as well as meeting business goals.

Promoting Diversity, Inclusion and Collaboration – Improves and ensures a diverse environment by actively working to build, coach and empower teams with diverse backgrounds (e.g. gender, ethnic origin, disability, sexual orientation, background, perspective).

 

(4) Public-Private Partnership Inter-American Investment Corporation (IIC)

Main Responsibilities

1、Lead the design of strategies and programs for private sector development and PPP promotion in coordination with sector stakeholders and relevant government agencies.

2、Stays abreast of latest trends and development addressing PPP related issues

3、Develop white papers and policy papers focused on innovations on PPP implementation throughout LAC

4、Analyze IDBG involvement in PPP projects in the past to develop analyses on best practices and lessons learned

5、Proactively undertake business development for PPP services in the region.

6、Collaborate with IDBG’s operational divisions to identify opportunities for the development of PPP projects

7、Coordinate and support project teams in identifying, developing, structuring and executing PPP projects across the main sectors.

8、Liaise and coordinate with development stakeholders and partners and private sector institutions on co-financing for PPPs.

9、Promote the application of innovative PPP structures and approaches within the organization.

10、Maintain knowledge of emerging best practices on enhancing private sector development and PPPs using guidelines through internal and external networks.

11、Participate and contribute to internal and external training programs and conferences on private sector development and PPPs.

12、Manage client expectations and provide appropriate advice as necessary through proposing practical solutions.

13、Manage marketing of project concepts to bidders, completing road-shows, prequalification, tendering and award, and negotiations.

 

REQUIREMENTS:

Education:  A Master’s Degree in Economics, Business and/or other related fields.

Experience:  At least 6 years of relevant experience in the PPP advisory services area.

•       Knowledge of Public Private Partnership schemes in LAC.

•       Experience developing infrastructure projects across different sectors

•       Candidates should possess a clear understanding of private sector operations (including those of multilateral and/or development finance institutions), the operational frameworks of the IIC, public sector or other multilateral institutions (including their special governance, mandates, safeguards and human resources structures)

•       Entrepreneurial skills and ability to take initiative and identify new areas of work that would bring value to the IIC.

•       Experience working with multi-lateral institutions is a plus.

•       Collaborative and ability to work well in teams. Language Skills: oral and written proficiency English required; Spanish language preferable; knowledge of Portuguese and/or French is a plus.

 

Technical Competencies:

Strategy Development: Develops strategy through a rigorous and inclusive process; leverages best practice models and frameworks; leads its implementation and evaluates its impact.

Country Knowledge, Policy & Dialogue: Builds knowledge of client countries and regions and applies that understanding to development of IIC policy, strategy, dialogue and stakeholder relationships.

Communicating Impact/Storytelling: Communicates IIC messages and content in powerful narratives and stories to influence audience.

Project and Process Management: Applies best practice project and process management tools and processes to execute projects and assignments systematically on time, on budget and with the most effective allocation of resources.

Economics: acquires a deep understanding of economics, economic theory and quantitative methods, and the application of economic research to strategy and the design of projects and programs.

Relationship Management: Manages internal or external clients and their needs by building relationships, maintaining contact, and gathering a deep understanding of their function or business.

Market & Developmental Analytics:  Uses analytical processes, methodologies and tools to interpret market behavior and understand developmental progress/impact.

Project Design and Structuring:  Designs and structures projects that are sustainable, financially and developmentally sound and contribute to the IIC mission.

 

Core Competencies:

Collaboration, Teamwork and Inclusion: Work cooperatively with others independent of background or organizational role and takes a team-based and inclusive approach to projects and decision-making.

Innovation and Creativity: Develops imaginative ideas and solutions through creativity, experimentation and critical thinking.

Quality and Efficiency in All We Do: Creates and/or implements standards of excellence for products and services ensuring consistency, accuracy, reliability and efficiency. Continuously seeks new ways of making processes run smoother and faster to enhance outcomes.

Communication and Influence: Communicates effectively and leverages relationships and strategies to influence others. Client Focus: Understands client needs and provides services that meet their expectations for quality and performances; meets the IIC’s expectations for ethical behavior.

 

(5) Innovation Advisory Services Inter-American Investment Corporation

Location: Washington, DC

Main responsibilities:

1、Support the implementation of the IIC’s MSME development strategy with a particular focus on promoting the spread of innovations and knowledge that facilitate MSME access to finance, markets, skills and technology;

2、Support the implementation of the IIC Telecom, Media and Technology action plan;

3、Lead the design and implementation of a portfolio of advisory services products and services and lead the business development efforts; identify and prioritize potential clients;

4、In collaboration with Segment Divisions, provide advisory services to IIC clients in the following areas

5、Support financial actors to develop and expand products, programs, and geographic reach to address the needs of high growth MSMEs;

6、Support entrepreneurship and innovation programs and ecosystems with a particular focus on technology based and knowledge based MSMEs;

7、Foster value chains integration and promote financing opportunities for MSMEs in fields such as agribusiness, manufacturing and telecom and media. Promote supply chain support services and finance schemes to increase innovation and technology adoption for MSMEs;

8、Keep abreast of industry dynamics, innovation being introduced in the market by competitors and of developments in Latin America and the Caribbean; 

9、Lead the creation and dissemination of knowledge and best practices across clients and the LAC private sector innovation and technology ecosystem;

10、Promote digital inclusion and the adoption and scale up of new technologies such as fintech to reduce market failures and barriers to serve MSMEs;

11、Provide technical advice and support the development of Country Strategies and the IIC’s multi-year Business Plans, helping to identify and overcome relevant specific institutional and regulatory issues as well as investment opportunities related to MSME development;

12、Lead fundraising efforts to mobilize donor resources towards innovation and technology;

13、Oversee the preparation and communication of lessons learned related to advisory services within and outside the IDBG. Disseminating information to project teams on transaction strengths, weaknesses, risks and risk mitigation options. Represent the IIC in multilateral, global and regional MSME forums, industry events and working groups;

 

Requirements:

Experience in innovation and technology finance and/or consulting services. A strong understanding of innovation policies and barriers, innovation systems and local economic development is also essential. Familiarity with new trends in MSME support and new technologies will be highly valued. An understanding of the operational work of the IIC or similar multilateral institutions as well as an understanding of the operational frameworks of public sector and/or multilateral institutions (including their special governance, mandates, safeguards, and human resources structures) will be a plus. 

--Education:  An advanced degree (at least Master’s, MBA, or equivalent) in Finance, Business Administration, Engineering, International Development and/or other relevant fields. 

 --Experience:  At least 8 years of relevant professional experience in MSME Finance and MSME Support with a proven track record of working with private sector actors and development organizations. Understanding of client needs and challenges, market idiosyncrasies, and drivers of change in Latin America and the Caribbean shall be highly valued.

--Language Skills: oral and written proficiency English required; Spanish language preferable; knowledge of Portuguese and/or French is a plus.

 

Technical Competencies:

Project Design and Structuring – Designs and structures projects that are sustainable, financially and developmentally sound and contribute to the IIC mission.

Sector and Thematic Expertise – Develops and applies specialized sector or strategic expertise to projects.

Relationship Management – Manages internal or external clients and their needs by building relationships, maintaining contact, and gathering a deep understanding of their function or business.

Core and Leadership Competencies: Innovation and Creativity – Develops imaginative ideas and solutions through creativity, experimentation and critical thinking.

Quality and Efficiency in All We do – Creates and/or implements standards of excellence for products and services ensuring consistency, accuracy, reliability and efficiency. Continuously seeks new ways to make processes run smoother and faster to enhance outcomes.

Communication, Influence and Accountability – Communicates effectively and leverages relationships and strategies to influence others.

Client Focus – Understands client needs and provides services that meet their expectations for quality and performance; meets the IIC’s expectations for ethical behavior.

Developing People and Teams to Deliver Results – Builds employee talent and capability and communicates their accountability for development as well as meeting business goals.

Promoting Diversity, Inclusion and Collaboration – Improves and ensures a diverse environment by actively working to build, coach and empower teams with diverse backgrounds (e.g. gender, ethnic origin, disability, sexual orientation, background, perspective).

 

(6) Fiduciary Procurement Specialist or Senior Associate

Location: Various countries in Latin America and the Caribbean

Main responsibilities

1、Identify, monitor and promote international best practices in project procurement. Analyze procurement policies, procedures, and design guidelines for the application.

2、Lead and collaborate in the assessment and strengthening of borrowers’ procurement systems using internationally accepted methodologies (e.g. OECD-DAC Baseline Indicators methodology).

3、Evaluate project risks and the Executing Agencies’ institutional capacity and formulate programs to strengthen such capacity.

4、Provide technical advice in project design and execution on procurement related matters including the selection of procurement methods, handling of protests and matters of contention raised by borrowers, bidders and other Bank stakeholders.

5、Carry out field missions to visit project sites, draw independent conclusions and formulate authoritative recommendations to the borrower and the Bank.

6、Contribute to the Bank’s ongoing modernization efforts, leading new initiatives, market studies, business analytics, etc.

7、Provide inputs and carry out preventive reviews and ex-post supervision of Bank operations.

8、Conduct training workshops for Bank staff, borrowers and third parties on all aspects of the Bank procurement policies and procedures.

 

Requirements:

Education: Master’s Degree in Procurement, Accounting and Auditing, Public Finance, Engineering, Law, Business Administration or other relevant discipline.

Experience: At least 4 years of relevant experience in international private or public procurement or in project financial management, financial and institutional analysis of public and private institutions, budget, accounting, and internal and external auditing.

Language(s): Proficiency in English and Spanish is required.

 

(7) Financial Management Specialist or Senior Associate

Location: Various countries in Latin America and the Caribbean

Main Responsibilities:

1、Conduct country fiduciary assessments, prepare background analysis, and promote strengthening of countries' public financial systems (i.e. PEFA, CFAA, ROSC).

2、Evaluate fiduciary project risks and executing agencies’ fiduciary institutional capacity and formulating programs to strengthen such capacity.

3、Carry out advisory functions for all financial management aspects of the Bank’s project cycle including planning, implementation and monitoring.

4、Carry out field missions to visit project sites, draw independent conclusions and formulate authoritative recommendations to the borrower and the Bank in financial management matters.

5、Analyze financial management policies, procedures, and design guidelines for their application. Identify financial management best practices and benefits.

6、Contribute to the Bank’s fiduciary modernization activities, promoting new initiatives and participating in business research.

7、Conduct training workshops for Bank staff, borrowers and third parties on all aspects of the Bank financial management policies and procedures.

 

Requirements:

Education: Master’s Degree in Procurement, Accounting and Auditing, Public Finance, Engineering, Law, Business Administration or other relevant discipline.

Experience: At least 4 years of relevant experience in international private or public procurement or in project financial management, financial and institutional analysis of public and private institutions, budget, accounting, and internal and external auditing.

Language(s): Proficiency in English and Spanish is required.