Associate Reporting and Accounting Officer

Job Posting Organization:
The European Investment Bank (EIB) is the bank of the European Union, established in 195

• It plays a crucial role in financing projects that contribute to the EU's policy objectives. The EIB operates in over 160 countries and employs approximately 3,000 staff members. Its mission is to support sustainable investment in Europe and beyond, focusing on projects that promote innovation, infrastructure, and environmental sustainability. The EIB is committed to fostering a diverse and inclusive workplace, ensuring that all employees can thrive and contribute to the bank's goals.

Job Overview:
The Associate Reporting and Accounting Officer position is situated within the Chief Financial Controller Directorate, specifically in the Financial Reporting and Accounting Department. The role is pivotal in assessing the impact of newly introduced accounting regulations, such as the European Accounting Directives (EUGAAP) and International Financial Reporting Standards (IFRS), on the EIB's financial reporting and accounting policies. The successful candidate will be responsible for formulating recommendations that ensure compliance, consistency, and transparency across the EIB Group. This involves conducting analytical reviews of accounting sections, identifying and resolving discrepancies in financial reports, and collaborating closely with various services within the Bank to uphold the integrity and reliability of financial information. The position demands a high level of analytical and communication skills, as well as the ability to manage multiple tasks under tight deadlines, contributing directly to the accuracy and integrity of the Bank's financial reporting and compliance efforts.

Duties and Responsibilities:
The duties and responsibilities of the Associate Reporting and Accounting Officer include executing accounting and control processes on financial data and reporting systems to ensure the accurate and timely production of financial statements and other reports in compliance with EU directives and IFRS. The officer will communicate accounting-related strategies, policies, and procedures across the organization to promote consistency and alignment with regulatory and internal standards. Monitoring developments in IFRS, European Directives, and other relevant accounting standards applicable to the EIB and EIB Group is essential to assess their implications and support timely adaptation. The officer will also stay informed of best practices in accounting and financial regulation to enhance the quality and reliability of financial reporting. Additionally, managing internal and external relationships related to financial accounting is crucial to support effective collaboration and ensure the integrity of financial information.

Required Qualifications:
Candidates must possess a university degree (minimum equivalent to a Bachelor’s) preferably in accounting, finance, or a related field. An internationally recognized professional accounting or finance analyst qualification, such as ACCA, CFA, or FRM, would be considered an asset. A minimum of 3 years of relevant professional experience is required, ideally in a similar role within accounting, finance, or related areas in the banking sector or with a major audit firm. A deep understanding of IFRS and European Accounting Directives is essential, along with in-depth knowledge of financial instruments and investment structures. Candidates should have a solid understanding of the relationship between financial risk hedging, asset and liability management (ALM) policies, financial reporting, consolidation, funding, and lending activities. Demonstrated ability to track and report financial data effectively, with skills in data visualization and information presentation, is also necessary.

Educational Background:
The educational background required for this position includes a university degree in accounting, finance, or a related field, with a minimum qualification equivalent to a Bachelor’s degree. Additional qualifications such as ACCA, CFA, or FRM are advantageous and may enhance a candidate's profile.

Experience:
The position requires at least 3 years of relevant professional experience, ideally in a similar role within the banking sector or with a major audit firm. Candidates should have a proven track record in accounting, finance, or related areas, demonstrating their ability to handle complex financial and regulatory matters effectively.

Languages:
Excellent knowledge of English is mandatory, and proficiency in French is also required, although it is not explicitly stated as a prerequisite for hire. A good command of the other language is expected, and knowledge of additional EU languages would be considered an advantage. Proficiency in both English and French is essential for future career development within the EIB, as both languages are official working languages of the organization.

Additional Notes:
This is a full-time position at grade 4, and the EIB offers a permanent contract. Panel interviews for this position are anticipated to take place in February/March 202

• The EIB is committed to diversity, equity, and inclusion, encouraging all suitably qualified candidates to apply regardless of their background. The organization also provides relocation support for successful candidates and emphasizes the importance of maintaining the security" style="border-bottom: 1px dotted #007bff !important;">security and integrity of information within the EIB Group.