The EIB, the European Union’s bank, is seeking to recruit for its Financial Control Directorate (FC), Financial Reporting and Accounting Department (FRA), Mandate Accounting & Administrative Expenses Division (MA&AE), Mandate Accounting & Reporting 2 Unit (MAR-2), at its headquarters in Luxembourg, a(n) (Associate) Reporting and Accounting Officer*. This is a full-time position at grade 4/5 for which the EIB offers a permanent** contract.

The existence of this position is linked to the Innovation Fund Partnership which is foreseen until 2030.

*internal benchmark: (Associate) Officer Financial Accounting

Panel interviews are anticipated for January 2024.

Purpose

To contribute to the Bank’s mandate management, the Mandate Accounting & Reporting Unit-2 within the Mandate Accounting & Administrative Expenses Division is responsible for preparing the financial statements and other related internal and external financial reports for mandates under EIB management.

As (Associate) Reporting and Accounting Officer, you will contribute to the production of various mandate financial reports. Furthermore, you will evaluate the accounting and reporting impact of new mandates, financial products and accounting regulations in order to formulate recommendations of their impact on the accounting policies and financial statements. You will evaluate technical solutions and implement the appropriate accounting framework.

Operating Network

As Reporting and Accounting Officer, you will report to the Head of Unit. You will work in autonomy but as well in close co-operation with other staff in FC and other Divisions in almost all Directorates of the Bank as well as with EIF. You might have exposure to various external counterparts such as the European Commission, other mandators, the Bank’s external auditors and the European Court of Auditors.

The Innovation Fund was set up under the revised EU Emissions Trading System (ETS) Directive. The objective of the Innovation Fund is to support innovative, low carbon technology demonstration projects in energy intensive industries, renewable energy, energy storage, carbon capture and use (CCU) or carbon capture and storage (CCS) (the “Innovation Fund Sectors”).

Accountabilities

• Hold responsibility for executing accounting and reporting processes in order to ensure the accurate and timely production of mandate financial statements and other financial reports in compliance with applicable reporting standards.
• Design, implement and document the control framework and execute the relevant controls aimed at a prompt detection of any anomaly in accounting and reporting.
• Plan and conduct accounting analysis independently, provide solutions on the relevant accounting matters and propose sound implementation of the latter in the relevant IT systems.
• Propose and implement corrective action and/or improvements related to accounting and reporting issues.
• Contribute to the communication of accounting and reporting related strategies, policies and procedures throughout the organization.
• Maintain external and internal relations relating to financial accounting.
• Keep abreast and follow latest developments in the accounting function.

Qualifications

• University degree (minimum an equivalent to a Bachelor) preferably in accounting, finance or related fields.
• An internationally recognized professional accounting or finance analyst qualification is highly preferred.
• At least 3 years of professional experience related to accounting, preferably in the financial industry and/or in an audit firm.
• Deep understanding of International Financial Reporting Standards (IFRS) and EU Accounting Directives, deep understanding of Accounting Rules adopted by the Accounting Officer of the European Commission (EC Accounting Rules) will be an asset.
• Analytical skills and proven track record of a rigorous analytical work.
• Thorough experience and extensive involvement in external audit processes.
• Knowledge of software applications such as PeopleSoft Financials GL, Wall Street Suite (CLM, TRM), SAP Business Objects Suite will be an asset.
• Proficient knowledge of MS Excel (and ideally VBA), and very good knowledge of other standard MS Office tools.
• Excellent knowledge of English and/or French (***), with a good command of the other. Knowledge of other EU languages would be an advantage.

Competencies

Find out more about EIB core competencies here.

(***) Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support.

(**) The existence of this position is linked to the Innovation Fund Partnership which is foreseen until 2030. The Bank may terminate any employment contract in case the Innovation Fund Partnership ceases to exist.

We are an equal opportunities employer, who believes that diversity is good for our people and our business. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation/identity, disability or neurodiversity.

Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Recruitment team [email protected] who will ensure that your request is handled.

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 unauthorised disclosure of any information or any damage to the EIB Group reputation.

Deadline for applications: 15^th December 2023

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