Loan and Corporate Accounts Associate or Senior Analyst

  • Mid-level, Full-time staff position
  • Posted on 9 July 2018

Job Description

The Team: Within the Treasury Division, The Loan and Corporate Accounts Group executes processes related to the Loan back-office and Corporate Accounts Payable and Receivable.

Background: We are looking for someone who is dedicated, upbeat, and team-oriented to work in our Group and report to the Group Head. You will perform either Loan Back-office or Accounts Payable functions depending on your background and experience.

What you may do:

Loan Back-office:

  • Analyze, review and provide comments on financial terms and conditions of private sector project documents and loan agreements to ensure compliance with Bank lending policies.
  • Prepare and analyze statements of account to ensure accuracy of the transactions, income charges, subsidies, late fees, balances, interest rates and payment instructions.
  • Provide support, assist and train operational staff with the disbursement process. Handle disbursement system controls and development.
  • Handle financial services relations and reporting with the Bank’s borrowers, Guarantors, Executing agencies, and other Bank staff.
  • Record and allocate debt service payments and other related financial transactions.
  • Monitor arrearages and apply sanctions in accordance with Bank arrears policy or with individual Loan Agreement.
  • Maintain extensive contacts with Bank’s Paying Agents in operations related to project finance.

Corporate Accounts Payable and Receivable:

  • Process administrative payments ensuring that a high volume of PO and non-PO invoices are processed and recorded accurately and efficiently.
  • Participate in the month end and year end closing activities of AP and AR modules.
  • Assist in the revision of administrative polices and regulations related to the A/R and A/P functions.
  • Supports the 1099-MISC filing and reporting.

For both Loan and Corporate Functions:

  • Stay up to date with industry standards and best practices and recommend process and system improvements accordingly.
  • Demonstrate ability to work with multi-disciplinary teams.
  • Provide support to off-shore office and make recommendations for process improvement.
  • Ensure loan related transactional processes are robust and align with deadlines and Service Level Agreements (SLA’s).
  • Maintain official reports and dashboards to ensure quality of data provided to clients.
  • Identify and define system improvements and participate in the development and implementation of new automated systems and reports.

What you will need:

Education: Master’s degree or equivalent in Finance, Business Administration, Accounting or related field. Candidates with a Bachelor’s degree in these fields will be considered for the lower functional grade under consideration. Knowledge of financial and accounting systems and computer applications. Accredited Payables Specialist (APS) or Accredited Payables Manager (APM) certifications are desirable.

Experience: A minimum of two years of progressively more responsible experience in international public and/or private lending services, loan and multi-currency accounting, and in the preparation of financial information and reports with at least two years of experience in the international arena. Experience in the design, implementation, and maintenance of financial transaction systems is highly desirable. Experience with shared service centers highly desirable as well as experience with SAP’s corporate accounts payable.

Language: Fluency in English and Spanish. Portuguese is a plus.

Systems: Expert knowledge of Microsoft Excel and Microsoft Access is desirable as well as a deep understanding of relational data bases.

Technical Competencies (Ctrl + Click)

Core Competencies (Ctrl + Click)

Opportunity Summary:

  • Type of contract: Fixed-term
  • Length of contract: 3 Years
  • Starting date: September 1, 2018 (tentative)
  • Location: Washington DC.
  • Requirements: You are a citizen of one of the IDB’s 48 member countries and have no family members currently working at the IDBG.

Our culture: Working with us you will be surrounded by a diverse group of people who have years of experience in all types of development fields, including transportation, health, gender and diversity, communications and much more.

About us: At the Inter-American Development Bank, we’re devoted to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48 member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.

The IDB offers a competitive benefits and compensation package.

The IDB is committed to diversity and inclusion and to providing equal opportunities in employment. We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, religion, and HIV/AIDs status. We encourage women, Afro-descendants and persons of indigenous origins to apply.

About the Organization

A long-standing initiative of the Latin American countries, the Inter-American Development Bank was established in 1959 as a development institution with novel mandates and tools. Its lending and technical cooperation programs for economic and social development projects went far beyond the mere financing of economic projects that was customary at the time. The IDB's programs and tools proved so effective that soon the IDB became the model on which all other regional and sub-regional multilateral development banks were created. Today, the IDB is the oldest and largest regional development bank. It is the main source of multilateral financing for economic, social and institutional development projects as well as trade and regional integration programs in Latin America and the Caribbean

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