EIF Posting
The European Investment Fund (EIF) is seeking to recruit for its Procurement Unit of the Financial Services, at its headquarters in Luxembourg, a Trainee - Procurement
Duration: 5 months & Starting date: October 2024
Specific Post Environment:
The Expenses Accounting and Monitoring Division is part of Chief Finance Office. The main objective of the division is to be responsible for the full Procur-to-Pay cycle where we are accountable for preparing the budget, challenging and assisting in the procurement requests, monitoring the budget consumption, controlling the expenditures and ensuring accurate and complete recording of all EIF operating and employee expenses.
Overall objective:
Your overall objective will be to:
actively participate to the development and implementation of a cost benefit analysis to support the Financial Analysis in order to enhance the control function within the division.
contribute to the resolution and closure of audit action points within the procurement unit thereby coordinating with various departments, tracking progress, and reporting on the status of audit points.
Responsibilities:
Under the guidance of the senior of the team, you shall:
Understand the procurement activity of a public institutions.
Review and understand audit report to identify action items.
Assist in gathering and analysing data to support cost control initiatives
Expected outcome:
Assist, Follow up and close of specific AAPs.
Support Cost Control Budget Unit with Financial analysis, variance analysis and annual COP Exercise-related activities.
Develop a new cost benefit analysis template with focus on procurement request and in order to improve cost control function.
Qualifications:
University degree (or on-going studies) in Business Administration, Finance, Business Intelligence, Computer Science, Applied Mathematics, lawor similar discipline
Relevant coursework in auditing, compliance and data analysis would be an advantage.
Knowledge of audit principles and practices.
Strong analytical and numerical skills
Proficiency in Microsoft Excel and good knowledge of other Microsoft application tools (Word, PowerPoint, Teams, SharePoint).
Excellent knowledge of written and spoken English. Good command of another EU language would be an advantage.
Competencies:
Ability to work under pressure and meet deadlines.
Good communication skills – both written and oral.
Quality focus and high level of accuracy in data analysis.
Strong sense of ethics with the ability to keep sensitive information confidential.
Strong ability to organize and follow up on tasks with colleagues across the institution.
Ability to quickly learn new concepts, tools, and methodologies.
Excellent team-working abilities.
Deadline for applications: 24th September 2024
- Due to high volume of applications, only candidates selected for interviews will be contacted.
We are an equal opportunities employer, who believes that diversity is good for our people and our business. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation/identity, disability or neurodiversity.
Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIF Recruitment team Recruitment@eif.org who will ensure that your request is handled.
By applying for this position you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorized disclosure of any information or any damage to the EIB Group reputation.
