Senior Accountant

*Please note that the recruitment modality for professional positions (international or local) will be determined in line with the OPEC Fund’s policies and procedures, and based on the candidate’s nationality and residency status at the time of appointment.

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.

Job Profile:

The Senior Accountant ensures timely and accurate financial reporting, leads financial closing activities, and maintains strong internal controls. The incumbent’s key responsibilities are to safeguard the integrity of the chart of accounts, ensure all financial transactions comply with IFRS and internal policies, oversee complex accounting entries, support audits, and drive process and system improvements to enhance financial transparency and operational efficiency.

Duties and Responsibilities:

Reporting

• Performs quarterly accounting closings
• Produces financial statements and other financial reports, accurately and on time

Monitoring and Review

• Reviews and monitors records of all incoming and outgoing accounting and financial working documents into the General Ledger
• Conducts and reviews reconciliations, ensuring uniformity and consistency in recording and reporting transactions

Stakeholder Management and Engagement

• Coordinates internal and external auditors
• Coordinates, develops and mentors junior staff and supports professional development plans
• Manage interactions with other units and departments in the regular conduct of business

Policy Development and Implementation

• Updates accounting policies in line with IFRS, research new standards and amendments, and implements applicable new standards.
• Implements an adequate Internal Control System and supports the Director, Financial Controls in coordinating policy development.
• Leads the implementation of enhancement to the existing ERP system  (SAP), including transition to SAP S/4 HANA.
• Oversees budget implementation and compliance, using as a reference the approved administrative budget and cost center allocation
• Ensures internal controls are fully integrated, embedded and continuously strengthened in the reporting processes and accounting systems in accordance with business needs

Recommendations

• Formulates solutions and recommendations, and provides central direction and control over complex theoretical and practical accounting, budgeting and reporting matters not covered by standard practice or precedent
• Identifies improvement opportunities in all areas of accounting; initiates evaluation studies and analysis, and provides Management with recommended solutions

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 required
• At least 10 years of directly relevant professional experience in accounting, of which at least five (5) years should have been in an international development finance institution 
• Candidates with a Bachelor’s degree in Accounting, Finance, Business Administration, or a closely related field, combined with a minimum of 15 years of directly relevant professional experience in accounting and an internationally recognised professional accounting qualification such as CA, CPA, ACCA, or equivalent, are also encouraged to apply.
• Solid knowledge of financial reporting under IFRS is required
• Comprehensive professional accounting expertise with the ability to operate effectively across multiple accounting disciplines and support cross-functional financial activities,
• Extensive hands-on experience in corporate accounting and financial reporting
• Demonstrated knowledge of business processes specific to international development finance institutions (IFIs) is highly desirable 
• Experience with the COSO Internal Control Framework, including designing, documenting, and evaluating key controls; familiarity with implementing automated controls is desirable
• Proficiency in managing end-to-end accounting and operational processes within SAP S/4HANA, ensuring accuracy, compliance, and timely financial closing activities
• Strong analytical and numerical skills, with the ability to analyze and validate financial data within SAP and other systems to ensure data integrity and high‑quality reporting
• Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.