Accountant at The OPEC Fund for International Development

Job Profile:

The Accountant is responsible for maintaining the Fund’s general ledger accounts, all in accordance with the institutional procedures and accounting framework, to ensure all financial transactions are reconciled and posted, in conformity with applicable accounting principles and financial reporting standards.

Duties and Responsibilities:

Accounting

• Maintains the OPEC Fund’s accounting records and balances of general ledger accounts in accordance with International Financial Reporting Standards (IFRS) and other accounting principles
• Supports the internal and external audit processes
• Identifies improvement opportunities and resolve emerging issues in all areas of accounting, reporting, internal controls and compensation

Reporting

• Ensures uniformity and consistency in recording and reporting transactions
• Prepares schedules, analysis, summaries and reports in support of the quarterly financial reports and as may be requested on an ad-hoc basis
• Coordinates the reconciliation of general ledger balances for financial reporting purposes, specifically to the assigned area and liaise with other internal counterparties and stakeholders
• Reviews and updates the accounting systems manual and participate in the implementation of enhancement to existing ERP system (SAP), including transition to SAP S/4 HANA

Monitoring and Review

• Monitors financial postings and compliance, using as a reference the approved manuals, procedures and guidelines of the accounting framework

Recommendations

• Develops suggestions and provides guidance on complex accounting, reporting, internal controls, and compensation matters that may not be fully addressed by existing standards or practices
• Supports the review and analysis of relevant issues, contributing to evaluations and offering potential recommendations for Management’s consideration

Stakeholder Management and Engagement

• Works together with Accounting team, as well as with other areas responsible for maintaining financial system sub-ledgers
• Prioritizes the work to ensure the achievement of reporting objectives in a timely, accurate and efficient manner
• Performs any other related tasks as assigned by the Director to support the effective delivery of the Unit, Department and OPEC Fund’s mandate.

Qualifications and Experience:

• Master’s degree in Accounting, Finance, Business Administration, or a (closely) related field 
• Internationally recognized professional qualifications such as CA, CPA, ACCA or its equivalent is a strong asset
• A minimum of five (5) years relevant professional experience in an accounting, of which at least two (2) years should have been in an international environment and/or international financial institution 
• Candidates with a Bachelor’s degree in Accounting, Finance, Business Administration, or a closely related field, combined with a minimum of seven (7) years of directly relevant professional experience in accounting and an internationally recognized professional accounting qualification such as CA, CPA, ACCA, or equivalent, are also encouraged to apply
• Technical expertise in financial accounting, with solid knowledge of IFRS and hands-on experience in corporate accounting and financial reporting
• Proficient in executing operational tasks within SAP ERP/ S/4HANA, with practical experience in FI/CO and MM modules
• Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint
• Hands‑on experience in preparing and analyzing financial statements
• Strong analytical and numerical skills, with the ability to analyze and validate financial data within SAP and other reporting systems
• Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.

Competencies:

• Collaboration and Teamwork - Ability to effectively collaborate with colleagues, stakeholders (internal and external), and partners from diverse backgrounds, cultures, and perspectives to achieve shared goals.
• Effective Communication - Ability to articulate ideas and information clearly and persuasively across various channels and audiences, integrate communication best practices, and ensure messages are tailored, culturally sensitive, and impactful, promoting active listening and feedback mechanisms.
• Results-Orientation - Ability to effectively achieve results through proactive ownership, decisive action and strategic planning. ensuring goals are met within specified timeframes and in alignment with OPEC Fund’s strategic direction
• Learning Agility and Adaptability - Ability to swiftly learn, unlearn, and adapt to changing circumstances and emerging challenges, with a commitment to continual growth through embracing new ideas, technologies, updating functional expertise, and facilitating organizational resilience
• Stakeholder and Impact Focus - Ability to prioritize and address the needs and expectations of diverse stakeholders to achieve sustainable impact through stakeholder mapping, ensuring effective relationship management, transparent and timely communication, and aligning their contributions with OPEC Fund’s mission to deliver long-term, positive outcomes
• Accountability - Ability to take responsibility for one's actions, decisions, and their outcomes, demonstrating integrity and reliability, adhering to established internal controls, setting clear expectations, and maintaining a high standard of ethical behavior.

While all nationalities are eligible for this role, nationals from the member countries of the OPEC Fund for International Development are strongly encouraged to apply. The member countries are: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela.