We improve lives

The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.

About this position

The Division of Financial Management and Procurement Services for Operations (FMP) is looking for an experienced, dedicated, and problem-solving Fiduciary (Senior) Specialist - Financial Management. This role will be based in Country Office Chile and will support the Executing Agencies and IDB Project Team Leaders in the project’s design, implementation and closure, as well as in their efforts to strengthen their fiduciary systems at national and subnational levels

What you’ll do

• Actively and opportunely participate, as part of the project team, throughout the project cycle and advise on the best financial management approach to obtain the expected results and the adequate fulfillment of the Bank’s fiduciary requirements in accordance with the highest standards.
• Actively participate in project planning, providing effective strategies that support the financial planning of projects financed by the Bank and monitor the flow of disbursements as well as the accountability process of Operations. Analyze audited and unaudited financial reports for decision-making purposes.
• Using the most up-to-date financial management tools on the market as required by project’s needs, data analysis and business intelligence, provide high-level technical advice on financial management matters.
• Analyze the Bank's financial management policies, procedures, and guidelines for their application. Identify best financial management international practices. Transform data into relevant knowledge to improve expert fiduciary advice to our internal and external clients.
• Lead high level technical dialogue with government officials to promote strategic dialogue with stakeholders to disseminate the strategy for the use and strengthening of the countries' public financial management systems, its progress, and opportunities for collaboration with the government in bank financing operations.
• Promote the enhancement and use of the country systems and participate in fiduciary assessments (PEFA, GUS, SAI/PMF among others), prepare background analysis, and promote the strategy for the effective use and strengthening of the country’s' public procurement systems.
• Develop a sound understanding of the country’s key fiduciary systems, players and processes to inform project design and efficient and effective execution arrangements.
• Foster strategic alliances with MDBs and other international development partners to promote enhanced efficiency and standardization in project implementation methodologies and requirements.
• Contribute to the Bank's fiduciary modernization efforts, the implementation of new technologies/tools at the country level, as well as the promotion of new initiatives and participation in business research and use of client connectivity platforms.
• Ensure correct understanding of all aspects of Bank’s financial management policies in Bank staff, borrowers and third parties, for which FMS will lead different initiatives, at Bank or country level, aimed at closing the understanding gaps.
• Build a network of contacts at the country level that allows synergies and permanent exchange of fiduciary information between different stakeholders.

• Apply practical knowledge of Chile’s financial management ecosystem, including coordination with Dirección de Presupuestos (DIPRES), the Contraloría General de la República (CGR), and ministerial/service finance units, as well as knowledge of public sector accounting regulations and budgetary and accounting systems, internal and external audit regulations.
• Implement integrated fiduciary work packages with procurement (FM–PRM), aligning schedules, risks, and reporting, and participate in governance forums with sector teams to resolve implementation bottlenecks.
• Facilitate bilingual (Spanish/English) workshops and translate technical findings into clear, actionable messages for Executing Agencies and stakeholders.

What you'll need

• Education: Master’s degree (or equivalent advanced degree) in Accounting and Auditing, Public Finance, Business Administration, or other related disciplines.
• Experience: At least 4 years of progressive experience in international private or public financial management in complex environments.
• Languages:  Proficiency in Spanish and English, spoken and written, is required.

Please note that for this position, the final candidates will be required to successfully pass a background check to the satisfaction of the IDB Group, as a pre-employment condition, which will be conducted by third-parties.

Requirements

•    Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.

•    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

Staff: International staff contract, 36 months initially, renewable upon mutual agreement.

What we offer

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

International Staff:

-A competitive compensation package, including an annual base salary expressed on a net-of-tax basis.

-Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender-neutral parental leave.

-Health Insurance: IDB Group provides employees and eligible dependents with a robust medical benefits program that covers medical, dental, vision, preventive care, and prescription drugs.

-Pension plan: defined benefit pension plan that provides financial security and support employees in planning for their future.

-We offer assistance with relocation and visa applications for you and your family when it applies.

-On-site position with the occasional flexibility of teleworking.

-Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.

-Development support: We offer tools to boost your professional profile, such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.

-Other perks (country specific): Lactation Room, Daycare Center, Gym, Bike Racks, Parking, spouse career support, Spouse Career Program, and others.

Our culture

At the IDB, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.

In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.

We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at.