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 around 3,500 staff members. Its mission is to support sustainable investment in Europe and beyond, focusing on projects that promote innovation, infrastructure, and climate action. 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:
As a Reporting and Accounting Officer at the EIB, you will be an integral part of the Financial Reporting and Accounting Department, specifically within the Corporate Accounting and Reporting Division. Your primary responsibility will be to evaluate the accounting impacts related to administrative expenses and fee income. This role requires you to formulate recommendations for process optimizations and ensure compliance with accounting policies. You will also be tasked with conducting regular controls and preparing analytical reports to guarantee the accuracy of the EIB Group's financial statements, adhering to EU Directives and International Financial Reporting Standards (IFRS). This position offers a unique opportunity to work in a multicultural environment and contribute to the financial integrity of the EIB.

Duties and Responsibilities:
Your duties as a Reporting and Accounting Officer will include executing accounting, control, and reporting processes related to operating and capital expenses as well as fee income. You will be responsible for managing payment processes for administrative expenses, including HR-related transactions. Regular reviews and evaluations of business processes will be part of your responsibilities, along with updating procedure manuals and the Internal Control Framework. You will also contribute to the communication of accounting, reporting, and payment strategies throughout the organization, ensuring efficient delivery of the unit's responsibilities. Additionally, you will participate in digital transformation projects and cross-directorate process improvements, maintaining external and internal relations to ensure compliance with applicable accounting standards. Providing guidance and support to junior staff will also be a key aspect of your role.

Required Qualifications:
To qualify for this position, you must possess a university degree, equivalent to at least a Bachelor's degree, preferably in Business Administration, Accounting, Finance, or related fields. A minimum of 5 years of relevant professional experience is required, ideally in a similar role within accounting, finance, or related areas in a multinational organization or a major audit firm. A sound knowledge of International Financial Reporting Standards (IFRS) and European Directives on accounting standards is essential. Experience in preparing analytical financial reports and policies is also necessary. An internationally recognized professional accounting qualification, such as ACCA, ACA, or CIMA, would be advantageous. Familiarity with payment tools and processes, as well as software applications like PeopleSoft Financials, Business Objects, and Certent Disclosure Management, will be considered an asset.

Educational Background:
The educational background required for this position includes a university degree that is at least equivalent to a Bachelor's degree. The preferred fields of study are Business Administration, Accounting, Finance, or other related disciplines. This educational foundation is crucial for understanding the complexities of financial reporting and accounting practices within a multinational context.

Experience:
The ideal candidate should have at least 5 years of relevant professional experience. This experience should ideally be in a similar role within accounting, finance, or related areas, particularly in a multinational organization or a major audit firm. This level of experience is necessary to ensure that the candidate is well-versed in the complexities of financial reporting and compliance with international standards.

Languages:
Proficiency in English is mandatory, and a good command of French is also required, although it is not explicitly stated as a prerequisite for hire. Both English and French are official working languages of the EIB, and proficiency in both is essential for future career development within the organization. Knowledge of other EU languages would be considered an advantage, enhancing communication within the diverse environment of the EIB.

Additional Notes:
This position is a full-time role at grade 5, and the EIB offers a permanent contract. Panel interviews are anticipated to take place in May/June. The EIB provides relocation support for candidates moving to Luxembourg. The organization values diversity and encourages all qualified candidates to apply, regardless of their background. Additionally, the EIB is committed to maintaining the security" style="border-bottom: 1px dotted #007bff !important;">security and integrity of its information, and selected candidates will be required to comply with all relevant policies and controls.