European Bank for Reconstruction and Development (EBRD)
Policy and Partnerships
Posting End Date
Purpose of Job
The EBRD works with a range of bilateral and multilateral donors and resource partners to address climate change and environmental degradation across its countries of operation.
Positioned within the Green Partnerships team of the Donor Co-Financing (DCF) department, the Finance Analyst supports the efficient and effective financial management of donor resources entrusted to the Bank to advance these important objectives.
The Finance Analyst analyses financial information and provides solutions to a wide spectrum of financial issues. She/he will manage and account for donor funds, provide financial advice, as well as coordinate and prepare periodic and annual financial reports.
The role interacts with different departments within EBRD who access climate/environment-focused donor funds to coordinate the receipt, expenditure and analysis of financial information. Responsible for the accurate maintenance of financial records for donor funds, the incumbent implements EBRD’s accounting practices and ensures full compliance with donor agreements, policies and procedures.
Accountabilities & Responsibilities
- Supporting the management of donor funds, including tracking contributions received, committed, and disbursed; earmarking funds for use; processing disbursement of donor funds; managing fund budgets; issuing payment requests; setting up funds in EBRD’s IT system, undertaking fund termination activities, etc.
- Reviewing cash positions across the portfolio to ensure sufficient funds on hand for disbursements, identifying and recording income receipts, recording contributions, and preparing monthly cash flow forecasts.
- Managing, planning and allocating the use of climate donor management fees, analysing, monitoring and anticipating fee inflow and outflow, and preparing fee reports to climate donors.
- Mapping financial processes with a view to improve internal procedures for financial management and elaborate proposals for effective planning and management of financial resources.
- Continuously analysing the financial situation and delivery of ongoing programmes, monitoring budget preparations and modifications, and preparing reports containing analysis of the financial situation.
- Implementing effective internal financial control, including reviewing transactions booked and posted to the accounting systems for accuracy and appropriateness.
- Managing and analysing financial data and providing technical briefings and visuals for presentations and documents.
- Interpreting and ensuring compliance with donor agreements, policies and procedures and supporting teams in implementing these.
- Maintaining accounting and reporting systems, files and other records required for the Bank and Donor Funds to ensure accurate and timely information.
- Preparing financial reports to donors, ensuring reporting deadlines are met and that reports are of the appropriate quality.
- Providing advice to EBRD colleagues relating to relevant financial products or transactions.
The responsibilities of the Finance Analyst are designed to allow the incumbent to progressively undertake more complex tasks and build the scope of responsibilities based on acquired experience and expertise.
Knowledge, Skills, Experience & Qualifications
- Master’s degree (or equivalent university degree) in finance, business administration, accounting or a related subject.
- Experience in providing financial and funds management services and accounting, including financial management systems, such as SAP, preferably in an international organisation.
- Experience in analysing and interpreting financial information, conducting financial analysis, presenting data in a meaningful manner and undertaking financial reporting;
- Experience in managing budgets, contributions and investments, and transactions plus verifying accounts and records for audit purposes;
- Some understanding of global developmental assistance, particularly from bilateral and multilateral donors and funds, such as the GCF, GEF, and CIF.
- Strong quantitative/numerical and analytical skills
- Knowledge of accounting concepts, principles, regulations, and policies and ability to apply to practical situations;
- Computer literacy and in-depth experience in Excel and financial analysis and modelling software.
- Fluent written and oral communication skills in English
- Good communication and problem-solving skills.
- Strong process management skills, including ability to work across departments.
What is it like to work at the 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.
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;
- An environment that places sustainability, equality and digital transformation at the heart of what we do.
Diversity is one of the Bank’s core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. 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, sexual orientation or disabilities. As an inclusive employer, we promote flexible working and expecting our employee to attend the office 50% of their working time.