L’EIB recrute un Agent comptable et financier, Luxembourg

L’EIB recrute un Agent comptable et financier, Luxembourg

 

 

The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs, with a possibility to convert to a permanent contract, subject to organisational requirements and individual performance.

Purpose

As the (Senior) Officer Financial Accounting, s/he will evaluate the impact and the technical solutions to be implemented by the Bank due to introduction of new accounting regulations (EU Accounting Directives and IFRS), elaborate and share with the other relevant services recommendations on their impact on the accounting policies and financial reports within the EIB Group, collaborate with the other relevant services to the implementation of complex financial instruments (e.g. guarantees, debt instruments, equity and derivatives instruments), design and implement the relevant accounting schemes. S/he will be required to perform analytical review of dedicated section of the EIB financial reporting and provide justification to any relevant variation. S/he will be in charge to perform accounting and technical analysis in cooperation with other Bank’s services (Operations, Finance, IT, Risk Management, Portfolio Management and Monitoring…) regarding the deployment of financial instruments and for Bank-wide projects.

Specific Post Environment

The Financial Reporting Division (FRD) is currently composed by four Units:  the Lending Accounting Unit (FC/FRA/FRD/LAU), the Treasury and Funding Accounting Unit (FC/FRA/FRD/TFAU), the Valuation & Regulatory Matters Unit (FC/FRA/FRD/VAL) and the Business Support and Applications Unit (FC/FRA/FRD/BSA).

FRD is responsible for the production of EIB and EIB Group financial statements prepared under the European Union Accounting Directives (EU-AD) and under the International Financial Reporting Standards (IFRS). The FRD is also in charge of the preparation of the EIB’s prudential reporting to the Central Bank of Luxembourg.

Within FRD, the TFAU covers the Bank’s treasury, capital market and hedging activities including the relating accounting and controlling aspects whereas the LAU covers the Bank’s debt instruments (loans), indirect equity investments, securitisation, guarantees and EIB Group consolidation related processes.  The primary responsibility of the VAL Unit relates to the production and the coordination of the valuation of EIB’s financial instruments while the BSA Unit conducts key business analysis and user support processes related mainly to applications used by FC’s users (predominantly, but not limited to, PeopleSoft Financials and Business Objects).

Operating Network

Reporting to the Head of Unit, s/he will guide and train through her/his knowledge and skills the more junior members of the team providing reviews and suggestions in order to ensure quality in the team deliverables.

In the role as (Senior) Officer Financial Accounting, s/he will work in autonomy but as well in close co-operation with the other teams in the Unit and other Divisions in almost all Directorates of the Bank, EIF and s/he will have exposure to various external counterparts such as European Commission and the Bank’s external auditors.

Accountabilities

• Plan and conduct accounting analysis independently and under different GAAPs, provide solutions on the relevant accounting matters and propose sound implementation of the latter in the relevant IT systems.
• Design, implement, execute and document the relevant controls and control framework aimed at a prompt detection of any anomaly in accounting.
• Conduct complex consolidation analysis on control and/or significant influence related to the deployment of several financial products.
• Monitor the accounting compliance of financial instruments to the EIB’s accounting standards and to the relevant banking regulations.
• Conduct, perform and control the consolidation process of the EIB Group.
• Propose and implement corrective action and/or improvements related to accounting issues.
• Follow-up on any internal or external audit recommendations in order to verify that corrective actions are undertaken.
• Keep abreast and follow latest developments in the accounting function.
• Steer and monitor the activities of external consultants for accounting related projects.
• Contribute to create appropriate awareness in the organisation on the importance of operational and financial risk assessment.
• Develop, improve and implement internal processes, procedures, IT systems, methodologies and working tools for accounting and internal control activities.

Qualifications

• University degree in accounting, finance or related fields
• Internationally recognised professional accounting qualification (Chartered Accountant or equivalent)
• At least 5 years of professional experience related to accounting in the financial industry and/or in an audit firm
• Comprehensive in depth knowledge and application of International Financial Reporting Standards (IFRS) and EU Accounting Directives with particular focus on IFRS 9.
• Analytical skills, proven track record of a rigorous analytical work
• Understanding of the principles of risk management applicable to the lending business.
• Thorough experience and extensive involvement in external audit processes;
• Very good knowledge of software applications such as PeopleSoft Financials GL, CLM, TRM, SERAPIS.
• Solid understanding of the EIB mission and its mandate activity.
• Solid knowledge of the EIB organisation, systems, procedures and operations.
• Excellent knowledge of written and spoken English and a good command of French(*). Knowledge of other EU languages are an advantage.

Competencies

Find out more about EIB core competencies here

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French and accept that their future career in the EIB may be subject to the attainment of sufficient proficiency in both of the Bank’s working languages

We are an equal opportunity employer, who believes that diversity is good for our people and our business.  As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (*).

By applying for this position you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorized disclosure of any information or any damage to the EIB Group reputation.

Deadline for applications: 8^th April 2022 

 

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