Areas of interest in this section:
EFRAG Technical Director
EFRAG seeks a full-time Technical Director to provide leadership to its technical financial reporting activities. The successful candidate will have strong credibility in the financial reporting community and have outstanding knowledge of IFRS Standards and current issues in reporting. Experience or a network in the standard setting scene is a plus. Interest and experience in research activities and in wider corporate reporting activities would bring added value.
The candidate will have strong management and excellent communication skills so as to support the high technical standing that EFRAG has reached on the international scene. In addition, the successful candidate will be fluent in English and have strong and persuasive writing skills.
The Technical Director is a member of EFRAG’s management team and works closely with the EFRAG TEG Chairwoman and reports to her and to the EFRAG CEO.
EFRAG is the leading European force in the global financial reporting debate, established in 2001 by European stakeholder organisations with an interest in financial reporting, representing the business community, investors and the accountancy profession. EFRAG's activities are aimed at ensuring that European views on the development of financial reporting standards are properly and clearly articulated in the international standard-setting process, so that ultimately IFRS Standards are fit for use in Europe. EFRAG is the technical adviser to the European Commission, providing technical expertise and advice on the quality of IFRS Standards.
Following the implementation of the reform in 2014, EFRAG's activities include assessing whether IFRS proposals/requirements are conducive to the European public good and developing impact assessments. This includes the interaction with economic concerns such as financial stability and economic growth. EFRAG works closely with the IASB, National Standard Setters and European stakeholder organisations, in Europe and worldwide.
In 2018 EFRAG, following a request of the EC in its March Action Plan, Financing Sustainable Growth has established a European Corporate Reporting Lab (European Lab) with the objective of stimulating innovations in the field of corporate reporting in Europe by identifying and sharing good practices.
Role and Responsibilities
Managing EFRAG’s technical work
EFRAG exercises thought leadership through its technical work which is conducted in close coordination with National Standard Setters and a broad range of different European stakeholders. The technical work supports the emergence of European thinking on significant financial reporting issues on the IASB’s agenda. EFRAG ultimately provides advice to the European Commission on whether newly issued or revised IFRS Standards meet the criteria in the IAS Regulation for endorsement for use in the EEA, including whether endorsement would be conducive to the European public good. EFRAG stimulates innovation in corporate reporting through the European Lab in sharing good practices, which also complements and contributes to our work on financial reporting.
EFRAG seeks input from all stakeholders, and obtains evidence about specific European circumstances, throughout the standard-setting process and in providing endorsement advice. EFRAG’s legitimacy is built on transparency, governance, due process (which may include field tests, impact analyses and outreaches), public accountability and thought leadership.
In all EFRAG’s technical activities, in particular the participation in the IASB consultation process and the EU endorsement process, the Technical Director is responsible for the delivery of a large portfolio of projects, reports to the EFRAG TEG Chairwoman and manages the multi-cultural project staff teams, ensuring efficient and effective processes. The output produced should reflect the direction provided by EFRAG TEG and the EFRAG Board who need to be supported in their work by high-quality and timely technical and, where appropriate, wider economic materials. The Technical Director coordinates the activities of EFRAG’s working groups and advisory panels so that they can contribute in their area of expertise to EFRAG’s technical activities.
In particular, the Technical Director supports the EFRAG TEG Chairwoman in fulfilling her responsibilities to the EFRAG Board, EFRAG TEG, specialised Working Groups, the EFRAG Consultative Forum of Standard Setters (CFSS) and, where appropriate the European Lab. This includes monitoring emerging technical issues, managing meetings and organising the follow-up activities. For those technical meetings, the Technical Director is responsible for the timely preparation of high-quality material, which includes providing directions to the technical staff teams and reviewing the resulting technical materials.
The Technical Director supports the EFRAG TEG Chairwoman in leading the management of EFRAG’s technical activities and has responsibility for developing project timelines with key milestones, developing proposals for technical consideration by the EFRAG Board, EFRAG TEG, Working Groups, EFRAG CFSS and, where appropriate, the European Lab. The Technical Director has an understanding of the wider dimensions of the technical activities, including political issues. The Technical Director presents material competently at the meetings, with appropriate support from technical staff.
Work closely with National Standard Setters and other partners to ensure that Europe remains a key player in thought leadership globally.
- Contribute to EFRAG’s network of international relationships, maintaining strong and effective working relationships with accounting standard setters and other reporting bodies, at European level and internationally.
- Liaise with staff at the IASB to ensure there is strong and effective buy-in to EFRAG’s work.
- Contribute to having EFRAG provide appropriate support to the EC notably in the preparation of the meetings of the Accounting Regulatory Committee, special requests and more generally the endorsement process.
- Work in close cooperation with the EFRAG TEG Chairwoman, where appropriate the EFRAG CEO, and as part of the EFRAG management team in order to prepare both EFRAG TEG and EFRAG Board meetings, so as to receive early input and direction into EFRAG technical activities and enable EFRAG positions to be prepared in a timely fashion.
- Ensure that EFRAG’s due process is to the highest standards, ensuring that the EFRAG CFSS is provided full opportunity to actively contribute to the definition of European positions, notably in relation to EFRAG’s participation in the IASB’s Accounting Standard Advisory Forum (ASAF).
- Work in close co-ordination with the management team on other areas of activities, projects or initiatives.
- As a member of the management team and manager of EFRAG’s technical project teams, together with the EFRAG CEO and the EFRAG TEG Chairwoman, provide leadership of staff including professional development, management and performance assessment.
Potential candidates should ideally have the following characteristics:
- Highly developed understanding of IFRS Standards and the Conceptual Framework, including their application and interpretation.
- Knowledge of the financial reporting and wider corporate reporting environment of listed companies in Europe.
- An understanding of accounting thinking in Europe, within the IASB and internationally.
- Experience and network in the standard setting scene at European and international level.
- Profound interest and experience in proactive, conceptual and research activities.
- Strategic and analytical skills; ability to demonstrate conceptual thinking by articulating the advantages and disadvantages of a range of standpoints.
- Committed to serve the European public interest.
- Demonstrated experience in managing and delivering on long-term and complex projects and meeting deadlines that involve managing multi-stakeholder relationships.
- Excellent communications skills both written and verbal, including a high level of proficiency in English and the ability to write clearly and concisely.
- Ability to work in and enhance a collegial atmosphere
- Outstanding capacity to build and maintain effective and lasting relationships with partners and stakeholders in an international environment.
- Ability to manage people and teams, including without having direct authority.
- Qualified accountant with advanced qualifications in accounting or economics.
- Nationality of an EEA country.
WHAT EFRAG OFFERS
The role of the Technical Director at EFRAG represents a unique opportunity for individuals with passionate interest in reporting issues and thinking who want to contribute their talent and energy to help influence the financial reporting requirements in Europe. The reporting issues include but go beyond technical issues in supporting the EFRAG Board in its European public good assessments including broader economic considerations and impact assessment. The EFRAG Technical Director will enhance his European and international networks and obtain higher visibility in the international financial reporting scene.
EFRAG offers competitive salary packages based on qualifications and experience. EFRAG is an organisation with over 20 staff, responsible for strengthening European influence on the development of IFRS Standards. With the establishment of the European Lab, EFRAG has entered into the field of corporate reporting. EFRAG offers a challenging and inspiring place to work.
EFRAG’s offices are in Brussels, at the heart of Europe.
More information can be found at the EFRAG website www.efrag.org
HOW TO APPLY?
Applications, consisting of a letter of motivation and a detailed CV, should be sent to Saskia Slomp, EFRAG CEO, using Rh@efrag.org by 21June 2019.
By applying to this job announcement, you agree that EFRAG processes the data you have provided through your CV, cover letter and any other document. EFRAG will store your CV, cover letter and any other document in its database for a period of one year.
back to topYou are a financial reporting professional interested or experienced in technical financial reporting matters? Next step in your career: JOIN EFRAG!
Working at EFRAG can be a step in your career or part of your career in standard setting. We offer various possibilities including: being an EFRAG employee, being seconded by your firm or company or working under as part-time service provider..
What is EFRAG?
EFRAG is the leading European force in the global financial reporting debate. It was established in 2001 by European stakeholder organisations with an interest in financial reporting, representing the business community, investors and the accountancy profession. EFRAG's activities are aimed at ensuring that European views on the development of financial reporting standards are properly and clearly articulated in the international standard-setting process, so that ultimately IFRS are fit for Europe. Following the implementation of the reform in 2014, EFRAG's activities include assessing whether the IFRS proposals/requirements are conducive to the European public good and impact assessments. This includes the interaction with economic concerns such as financial stability and economic growth. EFRAG works closely with the IASB, National Standard Setters and European stakeholder organisations, in Europe and worldwide.
Why join EFRAG?
Joining EFRAG represents a unique opportunity to acquire or develop further insider knowledge and understanding of the standards that are being developed by the IASB and which are due to be implemented by European companies. EFRAG's offices are located in Brussels, at the heart of Europe. Working at EFRAG will give you the opportunity to discuss IFRS issues at the highest level, with European experts and IASB representatives.
There are various possibilities to become our colleague: permanent employee, seconded by your current employer. The latter allows accounting firms or other companies to further train their financial reporting professionals to develop high-level technical knowledge in a European and international context. Another possibility would be on a part-time service provision basis. We would be happy to examine the various possibilities with you.
Working at EFRAG offers an attractive step in your career or can be part of your career in standard setting. Our former colleagues are at present active in a wide range of professional activities with audit firms, companies, banks, standard setters and authorities. What they have all in common, is their knowledge, expertise and experience in financial reporting and IFRS.
What would you do at EFRAG?
You will be involved in research and analyses, supporting EFRAG's activities to influence the IFRS developments in the most proactive way and leading to the publication of EFRAG comment letters, discussion papers or endorsement advices to the European Commission. Under the supervision of the EFRAG Technical Director and Research Director, you will work on various projects in small teams.
Who are we looking for?
We are looking for candidates with a keen interest in financial reporting who are eager to participate in the global accounting standard-setting process.
How to apply?
If you are interested in joining EFRAG, please send your CV, together with a covering letter explaining your interest, to Saskia Slomp, by email on firstname.lastname@example.org.
By applying to this job announcement you agree that EFRAG processes the data you have provided through your CV, covering letter and any other document.
EFRAG will store your CV, covering letter and any other document for a period of one year in its database.
From time to time EFRAG has specific vacancies for technical managers at particular levels for which we may advertise separately. We also welcome applications (CV and motivation letters) from suitably qualified individuals at any time even if no specific vacancy is advertised.
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14/05/2019 - EFRAG seeks candidates for Technical Director
EFRAG is calling for candidates to fill the position of Technical Director as the present Technical Director has indicated her intention to retire from EFRAG late in the year.