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Principal, Funds Accounting

Posting Date: 11-Jul-2022

Location: London, GB

Company: EBRD

Requisition ID 30085
Office Country United Kingdom
Office City London
Division Finance - Strategy, Planning & Control
Full-Time/Part-Time​ Full Time
Contract Type Regular
Contract Length   
Posting End Date  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purpose of Job

The Principal is the acknowledged deputy to the Associate Director for the Funds Accounting team. The team maintains the financial records for the Donor Funds administrated by the Bank. This person typically performs the more complex on-going tasks within the team, assists the Associate Director in the training and development of less experienced members of the team, and reviews and approves some of their work.  Deputises for the team’s Associate Director as required.

 

Accountabilities and Responsibilities

  • Significant role in team’s preparation of IFRS-compliant/special purpose financial statements subject to external audit, involving the training and review of work performed by Associates and the completion of more complex tasks as required.
  • Prepare periodic internal financial management reporting.
  • Assesses the impact of the latest IFRS and other applicable 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 applicable accounting standards
  • Review and sign-off on periodic internal and external reporting produced by the team
  • Review of new and amended donor agreements, and consultation with other departments including Donor Co-financing and the Office of the General Counsel
  • Deputises for the Associate Director as required
  • Regular review of procedures to ensure the accounting department best responds to the needs of the Donors
  • Review and approval of team members’ journals to ensure accuracy
  • Supervises and trains both new and existing accounting managers in the performance of tasks within the team, contributing to the team’s ability to meet its objectives.
  • Liaises with internal and external auditors and responds to queries
  • 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
  • Produces work in compliance with the Bank’s Internal Controls Framework
  • Assists with appraisal/recruitment process
  • Helps ensure the team meets all deliverables and deadlines
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Knowledge, Skills, Experience and Qualifications

  • Educated to degree level
  • ACA qualified or equivalent
  • Fluent English language skills, both verbal and written
  • Some managerial/supervisory experience
  • Significant accounting experience in most products handled by the team
  • 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 
  • Detailed knowledge of IFRS relevant to team
  • Strong computer skills with emphasis on Excel
  • Experience with Summit, Frameworks and SAP R3 systems

Please be advised internal applicants are only eligible to apply once the probation period in your current role has been passed.

 

Please note that CCTs and applicants working directly for a Board office can only apply for jobs advertised via the external website.


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