Controller

The North American Development Bank (NADBank), a binational financial institution created by the U.S. and Mexican governments with authorized capital of $6 billion and current lending of almost $1.5 billion, is seeking for a Controller to join its team.

Why NADBank?

NADBank is a unique organization that both catalyzes and provides financing to support the development and implementation of environmental infrastructure projects and related actions that help preserve, protect and enhance the environment of the U.S.-Mexico border region to advance the well-being of the people of both countries.

Through a culture of excellence, diversity, respect and collaboration the NADBank team develops cutting-edge financial products and programs to achieve its mission and plays an essential role in the discussion and resolution of binational environmental issues, which contributes to the vitality of the broader U.S.-Mexico relationship.

What You’ll Do:

NADBank is seeking a Controller responsible for ensuring the timely and accurate preparation of the Bank’s monthly, quarterly, and annual financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP). This role oversees the Bank’s separate financial statements for its primary operations through its Ordinary Capital Resources and for its grant and technical assistance activities through the Environment Investment and Capacity Facility.

The position manages and supervises the Bank’s accounting team in the administration of the general ledger and accounting for investments, loans, debt, accounts payable and receivable, derivatives used for hedging purposes, grants and technical assistance, payroll, operating expenses, and financial reporting.

Additionally, this role assists the CFO formulating and implementing financial strategies through financial policies and strategies and serves as the primary liaison for external auditors and a secondary contact for credit rating agencies.

What You Bring to the Table:

Accounting Management

• Lead and supervise accounting staff, including direct oversight of two (2) assistant controllers.
• Responsible for the Bank’s general ledger and related subsystems.
• Review and analyze general ledger reports and reviews monthly, quarterly, and annual financial statements for management and the Board of Directors, in accordance with US GAAP.
• Ensure the Bank’s accounting system comply with evolving GAAP standards and practices, implementing necessary updates and improvements.
•  Continuously analyzes the bank’s accounting systems and processes to identify opportunities for improvements and efficiencies and implement them.
• Develop and maintain robust internal controls for the accounting operations, recording of transactions, reconciliations, and financial reporting.

Accounting Management

• Lead and supervise accounting staff, including direct oversight of two (2) assistant controllers.
• Responsible for the Bank’s general ledger and related subsystems.
• Review and analyze general ledger reports and reviews monthly, quarterly, and annual financial statements for management and the Board of Directors, in accordance with US GAAP.
• Ensure the Bank’s accounting system comply with evolving GAAP standards and practices, implementing necessary updates and improvements.
• Continuously analyzes the bank’s accounting systems and processes to identify opportunities for improvements and efficiencies and implement them.
• Develop and maintain robust internal controls for the accounting operations, recording of transactions, reconciliations, and financial reporting.

 Analytics

• Continuously evaluate and analyze and the Bank’s accounting data, financial statements, and assigned projects for increased efficiency and accuracy.
• Research new Accounting Standards Updates (ASUs) as it relates to the Bank.
• Analyze best practices in accounting and financial reporting of other multi-lateral development banks and their application to the Bank.

External Audit

• Serve as the primary contact for the external auditors, managing all aspects of the annual audit process
• Prepare audit memos and documentation to support internal accounting decisions.

Additional Responsibilities

• Assist the CFO with Board requests, internal committee reporting and presentations, and other projects.
• Support activities relating to credit rating agency visits, debt issuance process, Annual Report, and reports to management and the Board.
• Maintain full understanding of NADBank’s main policies and procedures to ensure compliance.
• Actively participate in internal committees and cross-departmental initiatives, as assigned.
• Supervise, mentor and support the professional growth of accounting staff.

Other duties

• Other duties as assigned.

Minimum Education and Experience:

• Bachelor’s degree in accounting, finance, economics, or related field.
• CPA designation with a minimum of five years of supervisory or management role within accounting or auditing.
• Effective written and oral communication skills, with professional proficiency of written and spoken English; Spanish language skills are highly desirable.

Knowledge, Skills and Abilities:

• Strong conceptual and strategic ability to perform, problem solve and supervise the Bank’s accounting functions.
• Exceptional analytical and technical skills, with strong leadership abilities in accounting function.
• Comprehensive knowledge of GAAP and its application in financial reporting.
• Highly detailed and organized.
• Integrity and honesty above reproach, with a passion to serve in a collaborative environment.
• Proven leadership skills, advanced judgment and interpersonal skills relating to Bank staff and third parties.
• Excellent judgment and propriety regarding the Bank’s financial resources.

As an International Organization governed by the governments of the U.S. and Mexico, staff must be a citizen or permanent resident (PR) of either country.

The North American Development Bank is committed to providing equal opportunities in employment and promotional opportunities that embraces diversity based on race, color, gender, religion, age, sexual orientation, gender identity or expression, disability, social status, political affiliation, or nationality subject to any Bank member country.

Position will remain open until filled.