(Associate) Reporting and Accounting Officer – based in Luxembourg

This position is based at our Luxembourg headquarters and requires regular office presence. The EIB offers you the opportunity to live and work in a truly international and multi-cultural environment. We also offer relocation support.

The EIB, the European Union's bank, is seeking to recruit for its Chief Financial Controller Directorate (CFC),Financial Reporting and Accounting Department (FRA), Bank Reporting Division (BRD), Lending Accounting Unit (LAU), at its headquarters in Luxembourg, an (Associate) Reporting and Accounting Officer*.

This is a full-time position at grade 4/5 for which the EIB offers a permanent contract.

• Internal benchmark (Associate) Officer Financial Accounting
  
  

Panel interviews are anticipated for December.

Purpose

You will evaluate the introduction of new accounting regulations (EUGAAP and IFRS) to formulate recommendations on their impact on the accounting policies and financial reports within the EIB Group. You will carry out the analytical review of sections of accounting and financial reports in order to detect any anomaly/inaccuracy. Moreover, you will be in charge of performing accounting and technical analysis in cooperation with other Bank’s services (Front, Back, IT, Risk…).

Operating Network

You will work within the Bank Reporting Division in autonomy, but as well in close cooperation with the entire Department and other services inside and outside the EIB Group.

Accountabilities

• Hold responsibility for executing accounting and control processes in order to ensure the accurate and timely production of the financial statements and other financial reports in compliance with the relevant EU directives and the International Financial Reporting Standards.
• Contribute to the communication of accounting related strategies, policies and procedures throughout the organisation.
• Follow up in-depth the latest developments in IFRS and European Directives on accounting standards relevant to the EIB.
• Stay abreast of best practice in the accounting and financial regulatory area.
• Maintain external and internal relations relating to financial accounting.
  
  

Qualifications

• University degree (minimum an equivalent to a Bachelor) preferably in in accounting, finance or related fields.
• An internationally recognised professional accounting or finance analyst qualification (ACCA, CFA, FRM…) would be an advantage.
• At least 3 years of relevant professional experience, ideally in a similar role in accounting, finance or related areas in the banking sector and/or with a major audit firm.
• Deep understanding of IFRS and of European Directives on accounting.
• In depth knowledge of financial instruments (debt and equity) and investment structures consolidation, including securitisation.
• Understanding of the relationship between financial risk hedging, ALM policies and financial reports, consolidation.
• Very good knowledge of the standard Office tools. Proficient knowledge of MS Excel, and ideally VBA.
• Knowledge of software applications such as Peoplesoft GL, Wall Street Suite, Business Objects will be an asset.
• 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

To find out more about our eligibility criteria click 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.

We hire and value talent with unique characteristics, creating a work environment where they can be themselves. We believe that Diversity, Equity and Inclusion makes us a performing and innovative organisation. 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, disability or neurodiversity.

We strongly invite applicants with a disability, neurodivergent profile or chronic condition 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: 7th November 2024