Manager, Accounting

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 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 budget 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.