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Associate, Funds Accounting

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Posting Date: 06-Dec-2018

Location: London, GB

Company: EBRD

Requisition ID 14592
Office Country United Kingdom
Office City London
Division VP Finance
Dept. / Bus. Group Financial Strategy and Business Planning
Business Unit Funds Accounting
Contract Type Fixed Term
Contract Length 2 years
Posting End Date 04/01/2019 

This is a 2 year Fixed Term contract, based in London HQ and the closing date for applications is Friday 4th January 2019.


The Funds accounting team within FSBC are responsible for the preparation of periodic and annual financial reports on behalf of the Donor Funds which the Bank administrates. 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, assess the current position 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.


The team is responsible for maintaining and reporting on the funds received into the GCF Special Fund in compliance with the requirements of the signed agreements with the Donor. The Donor to this is the Green Climate Fund which is a global fund created to support the efforts of developing countries to respond to the challenge of climate change. The GCF Special Fund provides grants and loans that invest in low-emission and climate-resilient development alongside the Banks investments.

  • Responsible for the accurate maintenance of financial records for the Donor Funds which the Bank administrates, including annual financial statements. He/she assists in implementing the accounting policies of the Bank in line with relevant reporting standards, and ensures compliance with internal and external Donor reporting requirements.


Accountabilities & Responsibilities

  • Preparation of annual financial statements for allocated Special Funds and/or Technical Cooperation Funds accurately and to a tight deadline
  • Investigating data issues and adjusting with accounting postings as necessary
  • Maintains the accounting and reporting systems, files and other records required for the Bank and Donor Funds to ensure accurate and timely information
  • 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
  • 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 & Qualifications

  • Educated to degree level
  • Fully ACA qualified or equivalent
  • Fluent English language skills, both verbal and written
  • Significant relevant accounting experience
  • Statutory financial accounts preparation and/or audit experience on financial accounts
  • Strong numerical and financial skills with the ability to interpret financial information
  • 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.

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