Manager, Accounting

Closing Date: May 16, 2022

Type of Vacancy: /

Details of the Post

INTRODUCTION

The Caribbean Development Bank (CDB or the Bank) is seeking to recruit a national from its member countries to fill the position of Manager, Accounting in the Finance and Information Technology Solutions Department.  The successful candidate will work at CDB’s headquarters in St. Michael, Barbados.

THE DEPARTMENT

The Finance and Information Technology Solutions Department is responsible for (a) the effective planning and management of the financial operations of the Bank, encompassing interactions with the capital markets, responsibility for Treasury functions, the production of monthly, quarterly and annual financial statements and the provision of appropriate financial analyses and reports, (b) the effective management of the Bank’s financial systems supporting its internal and external functions and obligations and (c) the development and implementation of the Bank’s information technology (IT) strategy and the provision of IT support across the Bank. The Department also interacts with the Board of Directors on Finance and IT matters.

    

THE ROLE

THE ROLE

The position of Manager, Accounting reports to the Deputy Director, Finance and is responsible for the Accounting Unit which establishes and maintains the Bank’s accounting systems and for overseeing its accounting operations in conformity with International Financial Reporting Standards (IFRS).

The Manager, Accounting provides effective leadership, training and supervision of staff, ensuring a high level of customer service and that objectives are met in an effective and efficient manner. These outputs must be in compliance with the Bank’s Charter, its approved policies, guidelines and procedures.  The Manager, Accounting is also required to work collaboratively with the Deputy Director, Finance in planning, coordinating, directing, managing deadlines and workflows, and evaluating the performance of the Division and individual staff.  

KEY RESPONSIBILITIES

The job will require the Manager, Accounting to:

  • Ensure that the Bank’s accounting policies, financial reports and statements are consistent with IFRS
  • Ensure that the structure and deliverables of the Division meets the requirements of the Bank’s internal requirements  and that of its stakeholders such as regulatory agencies, financial counterparties, its Board of Directors and Members.
  • Liaise with Donors to ensure that Grant programmes are fully funded and to provide financial reports accurately and on time.
  • Continuously monitor the Bank’s Loan, Grant and Borrowing portfolios to ensure that they are maintained and all obligations relating to these are met in full and on time.
  • Assist in the development of the departmental budget and in the administration of the wider process for preparation of the udget Budget and Work Programme.
  • Maintain an efficient and effective system of internal controls including  the integrity of all financial subsystems including accurate  information interface and regular reconciliations with  Bank’s general ledger.
  • Determine annual unit goals, establish priorities, institute operating guidelines and develop plans for the work of the Division jointly with senior management.
  • Supervise or undertake the development of processes, procedures and systems including recommendations for amendments and improvements as necessary
  • Ensure that all relevant internal and external reporting requirements are met in an accurate and timely basis
  • Determine resource needs, recommend organisational changes, allocate resources and account for their effective use.
  • Supervise the accounting operations of the Bank by delegating to and reviewing the work of subordinate supervisors and to perform the role of coach/mentor in providing advice on financial management and the practical application of accounting principles.
  • To manage where necessary systems improvements or replacements to ensure delivery that is to the standards of the Bank and other stakeholders
  • To provide information and advice to senior management to fulfill or improve its governance functions
  • Maintain liaison and cooperative working relationship with internal and external boundary partners and external agencies for the purpose of planning, executing and improving the overall accounting function.

QUALIFICATIONS

Ideal candidates for this role must have:

  • A professional accounting qualification, such as  ACCA, CPA or CGA is required.  A Master’s degree in business or Finance would be an asset.
  • A minimum of seven years’ post qualification experience which should include experience in leading and managing a team.
  • Knowledge of guidelines or precedents applicable to resolving accounting issues relating to the structure, policies, functions and procedures of multi-lateral development banks.
  • Working knowledge of IAS and IFRS
  • Proven track record in managing complex accounting operations and technologies.

Familiarity with capital and financial market related activities would be an asset.

COMPETENCIES

Function-Specific Competencies

The Manager, Accounting should be able to:

  • Demonstrated ability to apply knowledge of principles, theories and practices of professional accounting.
  • Ability to prescribe and implement accounting systems and work processes required to effectively support an accounting operation.
  • Ability to deliver on commitments without sacrificing personal business ethics, to act within the Bank’s legal, professional and ethical boundaries and to encourage others to adhere to these.
  • Proficiency in the use of accounting, auditing and financial reporting systems and software packages.
  • Ability to lead, inspire, motivate and provide coaching and mentoring to work team to achieve business and organisational goals. 
  • Ability to transfer complex information in a clear and concise manner to various audiences.

Behavioural Competencies

CompetencyDefinition
Acting as a Champion for Change  Actively identifies problems and opportunities for change and implements solutions where appropriate. Maintains effectiveness when experiencing major changes in work tasks or the work environment; and supports people in their efforts to try new things.  
Acting Decisively  Moves quickly to make decisions and commits to a clear course of action; comfortable making decisions based on partial information; willing to take risks in order to maintain momentum; shows a strong bias toward action.  
Acting Strategically  Aligns day-to-day activities around broader organisational goals and objectives; prioritises resources based on the strategic objectives of the organisation; recognises and rewards people based on how their actions support the broader needs of the organisation.  
Championing Customer Needs  Calls attention to issues that impact customer satisfaction; views situations from the perspective of customers; encourages people to think about customers when making decisions and develops and sustains productive customer relationships.  
Communicating Effectively  Consistently communicates with clarity and thoroughness to optimise audience understanding. Communicates information in a clear, concise, and timely manner. Demonstrates effective speaking and presentation skills.  
Delivering High Quality Work  Critically reviews work processes to ensure quality; addresses problems that could impact quality; makes sure project deliverables and services meet all requirements and expectations; does not make the same mistakes twice.  
Displaying Technical Expertise  Keeps his/her technical skills current; effectively applies specialised knowledge and skills to perform work tasks; understands and masters the technical skills, knowledge, and tasks associated with his/her job; shares technical expertise with others.  
Driving for Results  Bottom-line oriented and pushes self and others to achieve results. Keeps current on project status; makes sure people are aware of project status and what they need to do to keep things moving; redirects project resources and activities to overcome setbacks; elevates project concerns to senior levels of leadership when appropriate.  

TERMS OF APPOINTMENT

This role is a full-time position with the successful candidate being contracted on a two-year basis in the first instance, with the possibility of renewal. The salary is competitive and commensurate with qualifications and experience. The benefits package includes a pension plan, life and medical insurances.

Before you proceed to apply, please consider the following requirements: 

  • You must be a national of one of CDB’s member countries.
  • You will be required to produce evidence of any educational and professional qualifications to support your application if you are selected for an interview.
  • All appointments are subject to satisfactory background checks and references.

CDB fully respects the need for confidentiality of information supplied and assures you that we will not discuss your background and interest with anyone including references, without your prior consent.

The deadline for submission of applications May 16, 2022 at 11:59 pm AST. 

The Caribbean Development Bank is an equal opportunity employer and values diversity. We encourage all qualified candidates to apply regardless of their racial, ethnic, religious, cultural background, gender, sexual orientation, or disabilities. Women are strongly encouraged to apply.

The Bank provides reasonable accommodation to individuals with disabilities who participate in the job application or interview process. Please contact us to request such accommodation.

Apply here

Notice expires at 11:59pm on Monday May 16th, 2022

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