Purpose of Job
A member of one of the Bank’s three accounting specialist teams who, between them, maintain the financial records for both the Bank and the Donor Funds administrated by the Bank. In this role the Associate correctly applies the relevant accounting rules and provides meaningful and appropriate financial reporting.
Background
The accounting teams within Financial Control are responsible for the preparation of periodic and annual financial reports on behalf of the Bank and the Donor Funds which the Bank administrates, together with setting and maintaining the accounting policies of the Bank. They maintain the financial records for each and provide timely and accurate information on financial performance and financial position. This information enables management to evaluate historic performance and formulate strategy.
The role interacts with a wide cross section of departments within the Bank to coordinate the receipt and analysis of information required to fulfil internal and external financial reporting requirements. The person is also expected to respond to enquiries from internal and external auditors on areas of work for which he/she is responsible
Facts and Scale
Works within one of three teams, each consisting of 4 – 5 full-time qualified accountants with additional qualified accountants recruited for 3 – 6 months annually to assist with peak reporting periods.
Responsible for the accounting for the Bank’s transactions in their particular area of specialisation, contributing to a total balance sheet size of €70 billion and P&L of up to €1.5 billion, plus between 180 – 230 Donor Funds with an aggregate value of €1.5 billion.
Accountabilities And Responsibilities;
Prepares sections of the year-end financial statements with all required disclosures and notes accurately and to a tight deadline
Prepare periodic internal financial management reporting.
Assesses the impact of the latest IFRS accounting standards on EBRD/Donor Funds’ financial statements to ensure compliance
Ensures the accounting policies of the Bank/Donor Funds are up-to-date and consistent with IFRS
Undertakes investigations and inspections of data in accordance with established procedure to identify and quantify potential accounting postings required
Maintains the accounting and reporting systems, files and other records required for the Bank and Donor Funds to ensure accurate and timely information
Reviews transactions booked in front office systems and posted to the accounting systems for accuracy and appropriateness
Liaising with Operations and front office teams to resolve booking issues
Identifies solutions to non-standard tasks/queries
Provides advice to internal clients relating to relevant financial products or transactions
Contributes to the development of procedures to ensure the accounting department best responds to the needs of the Bank/Donors
Review and sign off of team members’ journals to ensure accuracy
Supervises and trains new team members and year end temporary staff to create a team that is capable of meeting its objectives
Produces work in compliance with the Bank’s Internal Controls Framework
Liaises with internal and external auditors and responds to queries
Other ad hoc tasks as allocated by line manager
Knowledge Skills, Experience and Qualifications
Educated to degree level
ACA qualified or equivalent
Fluent English language skills, both verbal and written
Significant relevant accounting experience, preferably in a Financial Services setting
Statutory financial accounts preparation and/or audit experience on financial accounts
Strong numerical and financial skills with the ability to interpret financial information
Fully competent in own practise area
Working knowledge of International Financial Reporting Standards
Strong computer skills with emphasis on Excel
Experience with SAP or equivalent accounting system preferable
Diversity is one of the Bank’s core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working.
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