Compete Caribbean Partnership Facility (CCPF) Operations and Financial Coordinator Consultant

About this position:

We are looking for an analytical, detailed and organized Operations and Financial Coordinator. As Operations and Financial Coordinator, you will be responsible for managing activities related to the implementation of the portfolio of projects, monitoring of disbursements, budgeting, accounting, administration, and financial reporting for the Compete Caribbean Facility Coordination Unit (FCU).

You will work in Compete Caribbean Partnership Facility part of IFD/CTI department. The Competitiveness, Technology and Innovation (CTI) Division, provides funding, technical assistance and knowledge products to support governments in key action areas such as firm-level innovation, entrepreneurship ecosystems, green innovation, digital transformation, creative economy, social innovation, and productive development.

 What you’ll do:

• Implementing and maintaining adequate financial accounting administration and internal oversight systems for the management of Facility resources.
• Implementing and maintaining Facility budgetary reports.
• Ensuring that the Facility operates within Bank procedures.
• Leading the financial due diligence process on potential Pillar 1 beneficiaries, as needed.
• Ensuring the transfer of financial management methodologies and helping to ensure the integrity of the Facility’s disbursements, particularly in relation to Pillar 1 projects (private sector innovation), or to projects co-executed with an external agency.
• Overseeing the accounting and financial aspects of the closure of projects supported by the Program.
• Liaising with external auditors and ensuring that Bank and Program regulations are adhered to.
• Prepare monthly, quarterly, and annual operations and financial performance reports or other reports related to Program implementation.
• Other activities as they become necessary.

Specifically, these activities can be expanded into four categories as follows:

• Operations (40%): (a) assist the Facility Coordinator in overseeing the progress of the Facility’s operations, across the two pillars; (b) for projects executed or co-executed by third parties, assist in strengthening their financial management capabilities and monitoring their financial performance, anticipating opportunities and risks associated with individual projects and the overall portfolio using standard tools/metrics; (c) prepare technical and operational reports related to the Facility, as needed. These reports include notes, briefings, programming and portfolio documents, presentations, or other written information requested by the Facility Coordinator
• Finance and Fiduciary (35%): (a) review and coordinate the procurement of goods and services with Program resources; (b) analyze, process and authorize disbursements related to milestones; (c) conduct fiduciary risk analysis of projects submitted to the private sector innovation pillar; (d) maintain Bank’s internal systems in relation to projects; (e) liaise with IDB’s financial and audit departments and ensure that Compete Caribbean complies with all fiduciary regulations; (f) oversee the accounting aspects of the closure of projects supported by the Program; (g) assess the selection and engagement of external auditors; (h) assess execution capacity on the part of external executing agencies (i.e. individual firm beneficiaries or projects executed by third parties), and provide recommendations to strengthen this capacity; and (i) prepare monthly, quarterly and annual financial performance reports.
• Accounting (20%): (a) implement and maintain adequate financial accounting administration and internal oversight systems for the management of Facility resources;
• (b) manage a record system of counterpart in–cash and in-kind contributions to the Facility; (c) implement and maintain the Facility’s budgetary reports and prepare monthly, quarterly and annual performance reports and any other reports that may require for the Facility’s implementation; (d) review and approve the Facility’s payroll schedule for the FCU consultants.
• PCU Administration (5%): (a) authorize the purchasing of goods and services necessary for the functioning of the office; (b) authorize travel arrangements as they become necessary for the effective functioning of the CC program; (c) oversee the management of the Program’s infrastructure, material resources and financial resources and information systems and the administrative aspects related to human resources; and (d) coordinate all personnel hired to work on the administrative team.
• Reports: Guided by the scope of this consultancy and the general requirements of the COMPETE CARIBBEAN program, the consultant will produce an indeterminate number of reports, reviews, and other documents as they become necessary for the effective running of the FCU and or on the request of the Facility Coordinator.
• In addition, the consultant will be required to produce monthly reports identifying progress made on agreed key performance indicators (KPIs). These reports will form the basis of the consultant’s on-going and final assessment at the end of the twelve (12) month period.

What you'll need:

• Education: Master’s degree in Business Administration, Accounting or Finance and/or is a professional accountant (CPA, ACCA, CGA or equivalent membership of an internationally recognized professional accounting institute). 
• Experience: A At least 5 years of experience and achievements working in financial management and administration, of which at least 5 years must have been held in a senior position.
• Languages: Proficiency in English. 

Key skills: 

• Learn continuously.
• Collaborate and share knowledge.
• Focus on clients.
• Communicate and influence.
• Innovate and try new things.

 Requirements:

• Citizenship: You are a citizen of one of our 48-member countries. 
• Consanguinity: You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.

Type of contract and duration:

• Type of contract: International Consultant Full-Time. 
• Length of contract: 12 months.
• Work Location: On site.

What we offer:

The IDB group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:

• A competitive compensation packages.
• Leaves and vacations: 2 days per month of contract + gender- neutral parental leave.
• Health Insurance: the IDB Group provides a monthly allowance for the purchase of health insurance.
• Savings plan: ​​​​​​​The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance. 
• We offer assistance with relocation and visa applications for you and your family when it applies.
• Hybrid and flexible work schedules.
• Development support: We offer learning opportunities to boost your professional profile such as seminars, 1:1 professional counseling, and much more. 
• Health and wellbeing:  Access to our Health Services Center which provides preventive care and health education for all employees.
• Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, and others.

Our culture:

At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.

Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org  to request reasonable accommodation to complete this application.

Our Human Resources Team reviews carefully every application.

About the IDB Group:

The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.

About IDB:

We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.

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