Job Description
BIL is a leading player in Luxembourg’s financial market. Founded in 1856 as the country’s first bank, BIL has contributed significantly to the development of Luxembourg’s social and economic landscape. Today, BIL operates across digital banking, wealth management and corporate finance, supporting individuals, entrepreneurs, businesses, and both private and institutional investors. Headquartered in Luxembourg, BIL employs more than 1,800 people and maintains a presence in key financial centers including Luxembourg, Switzerland, France and China.
As a major player in Luxembourg’s finance industry and as a signatory of the UN Principles of Responsible Banking, BIL is committed to handing over a responsible and sustainable bank to future generations.
Purpose of the role:
BIL Lease is hiring a Head of Finance to join its Finance team. The Head of Finance operates within the Finance function of a leasing entity and reports to the Head of Company and the Group Chief Financial Officer (CFO).
The role covers the full perimeter of accounting activities, ensuring the overall management, accuracy, and compliance of the accounting function, including financial reporting under LUX GAAP and IFRS, regulatory obligations, internal control framework, and budgeting.
The position plays a key role in driving continuous improvement of accounting processes, systems, and governance. Acting as a business partner to senior management and Group Finance, the Head of Finance provides reliable financial information to support planning, performance monitoring, and decision-making.
Key accountabilities
Financial Reporting & Closing:
- Preparation of monthly, quarterly, and annual accounts under LUX GAAP and IFRS
- Ensure timely and accurate closing processes
- Produce statutory financial statements and regulatory reports
- Act as main point of contact for external auditors
- Ensure reconciliation between general ledger, sub-ledgers, and leasing systems
Leasing Accounting:
- Supervise accounting treatment of financial leasing operations
- Ensure proper handling of residual values, depreciation, and interest recognition
- Ensure compliance with IFRS 16 and local regulations
- Monitor provisions, impairments, and portfolio valuation
Systems & Data Management:
- Ensure governance of accounting flows linked to Cassiopae system
- Guarantee integrity and consistency of financial data
- Participate in system enhancements, testing, and parameterization
- Contribute to automation and process improvement initiatives
Regulatory & Tax Compliance:
- Ensure compliance with Luxembourg accounting, VAT, and tax requirements
- Coordinate tax reporting with internal and external stakeholder
Cash Flow Management:
- Monitor daily cash inflows and outflows
- Prepare short-, medium-, and long-term cash flow forecasts
- Manage financing needs (loans, credit lines, etc.)
- Optimize liquidity management
Management Control:
- Develop, monitor, and analyze budgets and forecasts
- Set up and track key performance indicators (KPIs)
- Analyze variances between actual and forecast figures
- Produce regular financial reports for management
- Contribute to the development of the financial strategy
Internal Control & Risk:
- Maintain and strengthen the internal control framework
- Ensure implementation of internal and external audit recommendations
- Identify and mitigate accounting and financial risks
Process Improvement:
- Optimize accounting processes and reporting efficiency
- Contribute to transformation and digitalization initiatives
Your skills:
- 8–10 years of professional experience in accounting, ideally within leasing, banking, or financial services, including exposure to complex financial environments.
- Master’s degree in Accounting, Finance, Economics, or Business Administration, with a recognized professional certification (e.g. ACCA, CPA, Expert-Comptable, IFRS) considered an advantage.
- Strong technical expertise in financial reporting under LUX GAAP and IFRS, with solid knowledge of leasing accounting and IFRS 16 requirements.
- Good understanding of accounting systems (SAGE) and financial data flows, with experience in leasing systems such as Cassiopae is considered a plus.
- Proven ability to analyze financial information, ensure data quality, and support business decision-making through reliable reporting.
- Experience in driving process improvements, system enhancements, and automation initiatives within finance functions.
- Strong organizational and prioritization skills, with the ability to meet deadlines in a demanding environment.
- High level of accuracy, attention to detail, and commitment to maintaining a robust control framework.
- Languages: French & English are required
BIL offers a broad range of challenging projects and a huge choice of career paths .We will assist you in finding the one that best meets your skills and expectations. Your personal development is our priority and we greatly encourage you to dive into different business areas for the broadest possible experience.
BIL is firmly of the opinion that diversity & inclusion contribute towards increasing the collective performance of the Bank. We are committed to creating a culture of inclusion that encourages individual development with equal opportunities for all.
NB: The selected candidate will be asked to provide an extract from the criminal record (no.3) as evidence of integrity and justified with regard to the specific needs of the position to be filled. Other documents will be collected, to the extent legally permitted, to perform background checks.
