A leading global humanitarian and development agency, Catholic Relief Services (CRS) reaches over 130 million people across more than 110 countries. Since 1943, we have built strong partnerships with
local communities, governments, and organizations around the world, creating renowned programming and operations that produce tangible results and make us a trusted partner. Our mission is lasting transformation of individual lives and entire societies—change that requires significant resources.
Government funding and philanthropy alone are insufficient to address the urgent and
multidimensional issues of poverty and injustice affecting our world.
Impact investing presents a unique opportunity to bring further innovation, scale, and
sustainable solutions to programs that address the needs of vulnerable people and communities. CRS uses its own capital to pilot and scale innovative investment approa ches and bring together investors to address market gaps.
Job Summary
The Financial
Analyst /
Accountant will be an integral part of the Impact Investing team, supporting investment reporting,
analysis, due diligence and portfolio management for CRS impact investing enterprise opportunities and investment vehicles. The
Financial Analyst / Accountant will provide direct accounting support to Isidro Investments LLC (“Isidro”), a wholly owned impact investing vehicle that provides loans to SMEs in
Central America, in addition to monitoring for the broader CRS impact investing portfolio.
We are looking for a candidate who has extremely strong financial analytical and/or accounting skills. This includes a solid understanding of financial statement review and analysis. In addition, the incumbent will be a strong collaborator, with the ability to work effectively as part of a small team, including with both internal and e xternal stakeholders.
Key Duties and Responsibilities
Accounting, Reporting and Portfolio Management
- Record Isidro’s activity, including income, expenses, disbursements, repayments and other transactions, on a monthly basis.
- Perform periodic reconciliation of Isidro Investments’ balance sheet and related revenue and expenditure accounts. Calculate relevant accruals; prepare and record related journal entries. Perform financial analysis to review variances in accounts and follow up to investigate variances.
- Prepare monthly, quarterly and annual financial statements for Isidro, including income statement, balance sheet and cash flow statement. Working closely with CRS Finance, reconcile financial activity with CRS systems in compliance with the Service Agreement between CRS and Isidro Investments LLC. Coordinate with external fund administration firm to ensure compliance with accounting standards.
- Assist internal and external auditors with financial information requests and supporting documentation.
- Prepare disbursements and other cash payments for Isidro, in coordination with the CRS Treasury team.
- Develop a template and prepare quarterly reports on (downstream) investment performance, for Isidro and other investments, including third party funds. Track portfolio company performance and key disbursement, repayment and reporting dates as laid out in each loan (or other investment) agreement.
Investment Analysis and Financial Modeling
- Support initial due diligence (including business plan review, financial model analysis and coordination of social impact evaluation) for CRS impact investing opportunities, as requested.
- Build and manage financial models to support analysis of impact investment opportunities under consideration, including small-and-medium enterprises and investment vehicles.
- Draft investment memoranda and support transaction negotiation and execution for impact investing opportunities.
- Perform Isidro country risk assessments and know-your-customer reviews related to Isidro partners and investees, and other CRS impact investing opportunities.
Research & Tools
- As needed, support in-depth and extensive market research and analysis for target countries and sectors of interest
- Undertake targeted research and marketing efforts in order to support the development of a pipeline of new social investment business opportunities.
- Continuously improve and refine internal tools and processes, including financial models, due diligence checklists, and resources for opportunity identification.
Basic Qualifications
- Bachelor's Degree in Finance or Accounting required.
- CPA or CFA qualification will be a significant advantage.
- Minimum of two (2) years of relevant work experience in investment banking, accounting, audit, impact investing, or institutional investing.
- Demonstrated experience working in multi-cultural and multi-disciplinary teams.
Preferred Qualifications
- Master's Degree Preferred.
- Experience in social entrepreneurship, blended financing models, impact investing or other innovative development financing approaches preferred.
*Required Languages–* English fluency required; French or Spanish fluency preferred
***Travel
– Must be willing and able to travel up to 20% (pending travel restrictions). Knowledge, Skills and Abilities***
- Exceptionally strong analytical and organizational skills; quantitative modeling expertise REQUIRED, preferably acquired at a recognized firm.
- In-depth understanding of financial accounting principles.
- Familiarity with Oracle Fusion (Finance ERP) and QuickBooks strongly preferred.
- Exceptional writer with expert command of English grammar and AP style.
- Capable of working in a dynamic, results oriented environment; ability to multi-task across various work streams/priorities.
- Proactive, resourceful, solutions-oriented and results-oriented.
- Team player with a positive attitude who can work independently while also being highly collaborative and open.
- Excellent attention to detail, adherence to deadlines and consideration of follow-through. Strong communication and presentation skills.
- Exceptional computer skills, including fluency in Excel, Word and PowerPoint.
Agency-wide Competencies (for all CRS Staff)
These are rooted in the mission, values, and guiding principles of CRS and used by each staff member to fulfill his or her responsibilities and achieve the desired results.
- Integrity
- Continuous Improvement & Innovation
- Builds Relationships
- Develops Talent
- Strategic Mindset
- Accountability & Stewardship
What we offer
CRS offers a comprehensive benefits package including medical, dental, life insurance, vision, generous retirement savings plan and the opportunity to work in a collaborative, mission-driven culture that is committed to improving the lives of the poor throughout the world.
*Our Catholic identity is at the heart of our mission and operations. Catholic Relief Services carries out the commitment of the Bishops of the United States to assist the poor and vulnerable overseas. We welcome as a part of our staff people of all faiths and secular traditions who share our values and our commitment to serving those in need. Disclaimer: This job description is not an exhaustive list of the skill, effort, duties, and responsibilities associated with the position.
Note: All positions requiring residence or frequent travel outside their home country must undergo and clea r a pre-employment medical examination.
CRS' talent acquisition procedures reflect our commitment to safeguarding the rights and dignity of all people - especially children and vulnerable adults - to live free from abuse and harm.
*EOE/M/F/D/V -* CRS is an Equal Opportunity Employer. (For all US and International positions)
Catholic Relief Services carries out the commitment of the Bishops of the United States to assist the poor and vulnerable overseas. Our Catholic identity is at the heart of our mission and operations. We welcome as a part of our staff and as partners people of all faiths and secular traditions who share our values and our commitment to serving those in need.
