European Investment Bank (EIB)

Associate Reporting and Accounting Officer

European Investment Bank (EIB)

Job Description

The EIB, the European Union's bank, is seeking to recruit for its Financial Control Directorate (FC) – Financial Reporting and Accounting Department (FRA) – Financial Reporting Division (FRD) – Lending Accounting Unit at its headquarters in Luxembourg, a (Associate) Reporting and Accounting Officer. This is a full time position at grade 4/5. The term of this contract will be 4 years. Panel interviews are anticipated for mid September.  The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs, with a possibility to convert to a permanent contract, subject to organisational requirements and individual performance.

Purpose

As the (Associate) Reporting and Accounting Officer, internally referred to as (Associate) Officer Financial Accounting, you will evaluate the introduction of new accounting regulations (EUGAAP and IFRS) to formulate recommendations on their impact on the accounting policies and financial reports within the EIB Group. You will carry out the analytical review of sections of accounting and financial reports in order to detect any anomaly/inaccuracy. Moreover, you will be in charge to perform accounting and Analysis" id="link" class="link">Technical Analysis in cooperation with other Bank’s services (Front, Back, IT, Risk…).

Operating Network

As the Reporting and Accounting Officer, you will work within the Financial Reporting Division in autonomy, but as well in close cooperation with the entire Department and other services inside and outside the EIB Group.

Accountabilities

You will:
  • Hold responsibility for executing accounting and control processes in order to ensure the accurate and timely production of the financial statements and other financial reports in compliance with the relevant EU directives and the International Financial Reporting Standards;

  • Contribute to the communication of accounting related strategies, policies and procedures throughout the organisation;

  • Follow up in-depth the latest developments in IFRS and European Directives on accounting standards relevant to the EIB, as well as more generally stay abreast of best practice in the accounting and financial regulatory area;

  • Maintain external and internal relations relating to financial accounting.

Qualifications

  • University degree in accounting, finance or related fields;

  • At least 3 years of experience in a similar role in accounting, finance and related areas in the Banking sector and/or with a major audit firm;

  • Deep understanding of IFRS and of European Directives on accounting;

  • Understanding of the relationship between financial risk hedging, ALM policies and financial reports, consolidation, in depth knowledge of Financial Instruments (debt and equity) and investment structures including securitisation.

  • An internationally recognized professional accounting or finance Analyst qualification (ACCA, CFA, FRM…) would be an advantage

  • Knowledge of Software Applications such as Peoplesoft GL, Wall Street Suite, Business Objects will be an asset ;

  • Proficient knowledge of MS Excel, and ideally VBA;

  • Very good knowledge of the standard Office tools;

  • Fluent in English and/or French (*). Knowledge of other European languages would be an advantage.

Competencies

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French and accept that their future career in the EIB may be subject to the attainment of sufficient proficiency in both of the Bank's working languages We are an equal opportunity employer, who believes that diversity is good for our people and our business.  As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (*). By applying for this position you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorized disclosure of any information or any damage to the EIB Group reputation. Deadline for applications: 14th August 2020  (*).  We particularly welcome applications from women and persons with disabilities.
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