Financial Instrument Accounting Consultant

Job Posting Organization:
IDB Invest is the private sector arm of the IDB Group, dedicated to supporting the sustainable development of Latin America and the Caribbean through private sector initiatives. Established to finance, structure, and mobilize capital for companies and projects that foster economic growth, resilience, and long-term development, IDB Invest operates in 26 countries across four geographic regions and three industry verticals: Infrastructure and Energy, Financial Institutions, and Corporates. The organization is committed to expanding its capacity to mobilize private capital and scale development impact, supported by a substantial capitalization of $3.5 billion from its shareholders. This evolving business model, termed 'Originate to Share,' enhances IDB Invest's ability to originate high-quality assets, structure innovative financial solutions, and connect global capital with opportunities throughout the region.

Job Overview:
The position of Financial Instrument Accounting Consultant is crucial for executing a variety of accounting activities related to financial instruments, particularly in support of IDB Invest's Corporate Lending System implementation. The consultant will be integrated into the Accounting section of the Controller’s department, which is responsible for three primary work streams: Accounting Policy, Financial Instruments and Systems Solutions, and Financial Reporting and Corporate Accounting. The role involves active participation in system implementation activities, including system function configuration, business process design, integration with the General Ledger (GL) and Corporate data warehouse, as well as data migration validations. The consultant will also engage in operational accounting activities to ensure accurate accounting of financial instruments in accordance with US GAAP, thereby supporting the routine monthly, quarterly, and annual financial close processes.

Duties and Responsibilities:
The consultant will be responsible for a comprehensive set of duties, including but not limited to: supporting Accounting in all phases of the Corporate Lending system implementation; gathering functional requirements and performing business process analysis; reviewing and validating business requirements, accounting rules, data mappings, and system configurations; participating in data migration and user acceptance testing; assisting in integration with ERP and downstream reporting systems; supporting go-live readiness preparation and post-go-live stabilization; ensuring accurate accounting for financial instruments in development-related investment portfolios and/or Treasury portfolios; executing operational accounting activities; and preparing monthly, quarterly, and annual financial close supporting schedules and financial statement disclosures utilizing data from various systems and external service providers.

Required Qualifications:
Candidates must possess a Master’s degree (or equivalent) in Accounting, Finance, Information Systems, or other relevant fields. Additionally, a professional certification such as CPA or CFA is required. The role demands a strong understanding of financial instruments and accounting principles, particularly as they relate to US GAAP, as well as experience in system implementation and operational accounting.

Educational Background:
The educational background required for this position includes a Master’s degree or equivalent in relevant fields such as Accounting, Finance, or Information Systems. This advanced education is essential to ensure that the candidate possesses the necessary theoretical knowledge and practical skills to perform the complex tasks associated with financial instrument accounting and system implementation.

Experience:
A minimum of 5 years of relevant work experience is required, preferably within a financial institution, accounting firm, or consulting environment. This experience should encompass a strong focus on financial instruments and accounting practices, as well as familiarity with system implementation processes.

Languages:
Proficiency in English is mandatory, along with fluency in one of the other official languages of the Bank, which include Spanish, French, or Portuguese. This bilingual capability is essential for effective communication within the diverse environment of IDB Invest.

Additional Notes:
The position is classified as an international consultant role, requiring full-time commitment for a duration of 24 months, with the possibility of extension up to 48 months if applicable. The IDB Group offers a competitive compensation package along with various benefits, including health insurance allowances, a savings plan, and support for relocation and visa applications. Employees are entitled to 2 days of leave per month, gender-neutral parental leave, and access to health services. The work environment promotes professional development through learning opportunities and provides various office amenities to enhance employee well-being. The IDB is committed to fostering an inclusive culture that values diversity and provides reasonable accommodations for individuals with disabilities.