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- Tasks: Maintain financial records and assist with accounting policies for the Bank and Donor Funds.
- Company: Join EBRD, a pioneering international organisation making a real difference in people's lives.
- Benefits: Enjoy a hybrid workplace, competitive benefits, and a culture that prioritises wellbeing and inclusion.
- Why this job: Engage in varied work, collaborate with experts, and contribute to sustainability and innovation.
- Qualifications: Degree educated, ACA qualified, with significant accounting experience and strong numerical skills.
- Other info: Diversity is key; all qualified candidates are encouraged to apply regardless of background.
The predicted salary is between 30000 - 50000 £ per year.
Purpose of Job
Responsible for the accurate maintenance of financial records for both the Bank and the Donor Funds which the Bank administrates. He/she assists in implementing the accounting policies of the Bank in line with relevant reporting standards, and ensures compliance with internal and external reporting requirements.
Background
The accounting teams within Controller\’s are responsible for the preparation of periodic and annual financial reports on behalf of the Bank and 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.
Accountabilities & Responsibilities
• Prepares sections of the year-end financial statements with all required disclosures and notes accurately and to a tight deadline
• Assesses the impact of the latest IFRS 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 IFRS
• Undertakes investigations and inspections of data in accordance with established procedure to identify and quantify potential accounting postings required
• Maintains the accounting and reporting systems, files and other records required for the Bank and Donor Funds to ensure accurate and timely information
• Reviews transactions booked in front office systems and posted to the accounting systems for accuracy and appropriateness
• 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
• Review and sign off of team members\’ journals to ensure accuracy
• Supervises and trains new team members and year end temporary staff to create a team that is capable of meeting its objectives
• Produces work in compliance with the Bank\’s Internal Controls Framework
• Liaises with internal and external auditors and responds to queries
Knowledge, Skills, Experience & Qualifications
• Educated to degree level
• 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
• Fully competent in own practise area
• Working knowledge of International Financial Reporting Standards
• Strong computer skills with emphasis on Excel
• Experience with Summit, Frameworks, SAP R3 and SAP AFI systems
What is it like to work at the EBRD? / About EBRD
Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people\’s lives and help shape the future of the regions we invest in.
At EBRD, our Values – Inclusiveness, Innovation, Trust, and Responsibility – are at the heart of how we work. We bring these to life through our Workplace Behaviours: listening well and speaking up, collaborating smartly, acting decisively with full commitment, and simplifying to amplify our impact. These principles shape our culture and define our success. We seek individuals who not only share these values but are also committed to embedding them in their daily work, fostering a positive and high-performing environment.
The EBRD environment provides you with:
- Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in.
- A working culture that embraces inclusion and celebrates diversity. Our workforce reflects a broad range of backgrounds, perspectives, and experiences, bringing fresh ideas, energy, and innovation and enhancing our ability to serve our clients, shareholders, and counterparties effectively.
- A hybrid workplace that offers flexibility to teams and individuals; that is based on trust, flexibility and connectedness.
- An environment that places sustainability, equality and digital transformation at the heart of what we do.
- A workplace that prioritises employee wellbeing and provides a comprehensive suite of competitive benefits.
Diversity is one of the Bank\’s core values which are at the heart of everything it does. 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, gender identity, sexual orientation, age, socio-economic background or disability.
Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).
Job Segment: Bank, Banking, Sustainability, Accounting, SAP, Finance, Energy, Technology
Associate - Funds Accounting employer: European Bank for Reconstruction and Development
Contact Detail:
European Bank for Reconstruction and Development Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate - Funds Accounting
✨Tip Number 1
Familiarise yourself with the latest IFRS accounting standards, as this role requires a solid understanding of compliance. Being able to discuss how these standards impact financial statements will show your expertise during interviews.
✨Tip Number 2
Brush up on your Excel skills, particularly in financial modelling and data analysis. Since strong computer skills are essential for this position, demonstrating your proficiency can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the accounting field, especially those who have experience with the EBRD or similar organisations. Engaging with them can provide insights into the company culture and expectations, which can be beneficial during your application process.
✨Tip Number 4
Prepare to discuss your experience with statutory financial accounts preparation and audit processes. Be ready to share specific examples that highlight your ability to maintain accurate financial records and respond to auditor queries effectively.
We think you need these skills to ace Associate - Funds Accounting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant accounting experience, particularly in statutory financial accounts preparation and audit. Emphasise your qualifications, such as being ACA qualified or equivalent, and include any specific software skills like SAP R3 or Excel.
Craft a Strong Cover Letter: In your cover letter, express your understanding of the role's responsibilities, such as maintaining financial records and ensuring compliance with IFRS. Use specific examples from your past experience to demonstrate how you meet these requirements.
Showcase Your Skills: Highlight your strong numerical and financial skills in your application. Mention any experience you have with financial reporting systems and your ability to interpret financial information, as these are crucial for the role.
Research the Company Culture: Familiarise yourself with EBRD's values and workplace behaviours. In your application, reflect how your personal values align with theirs, particularly in terms of inclusiveness, innovation, and responsibility.
How to prepare for a job interview at European Bank for Reconstruction and Development
✨Understand IFRS Standards
Make sure you have a solid grasp of the latest International Financial Reporting Standards (IFRS). Be prepared to discuss how these standards impact financial statements, as this is crucial for the role.
✨Showcase Your Accounting Experience
Highlight your relevant accounting experience, especially in statutory financial accounts preparation or audit. Be ready to provide examples of your past work and how it aligns with the responsibilities of the position.
✨Demonstrate Strong Numerical Skills
Prepare to showcase your numerical and financial skills during the interview. You might be asked to interpret financial information or solve problems on the spot, so practice explaining your thought process clearly.
✨Emphasise Team Collaboration
Since the role involves liaising with various departments and training new team members, be sure to discuss your teamwork and collaboration experiences. Share specific examples of how you've successfully worked with others to achieve common goals.
