Project Finance/Public Sector Transaction Management Officer recruitment

Appointment to the post will be made on the basis of a 3 year fixed term contract

The European Investment Bank (EIB) is the long term financing institution of the European Union, investing in/lending to projects that further EU policy objectives.  The EIB is based in Luxembourg, and is a self-financing and not-for-profit European Institution and bank.

The Transaction Management Restructuring Directorate (TMR) proactively follows the EIB loan book, post-signature, thereby enabling the EIB to act on post-signature events and to protect its financial interests and reputation. The Project Finance and Public Sector Division (PFP) is responsible for the regular financial monitoring (from signature) of a portfolio of signed EIB Project Finance and/or Public Sector transactions, through Financial Reviews of counterparts (borrower or guarantor) and Contract Reviews (verification of contractual clauses and covenants), in order to contribute to an understanding of EIB exposure to risks and to identify breach or Contract Events.  The Division identifies and resolves breaches of contract, and proposes event resolution for standard and complex post signature events, to mitigate risk and ensure the stability and solidity of the Bank's portfolio of outstanding loans.

Operating Network

Under the supervision of the Head of Division/Head of Unit, the Transaction Management Officer will take responsibility for the monitoring of an assigned portfolio of EIB transactions.  The exact composition of the portfolio will depend on the individual's prior experience in the financial/credit analysis of Project Finance and/or Public Sector transactions and/or of the relevant contractual aspects, and may also depend on his/her language skills.  S/he will cooperate internally with the other Bank Directorates active in this field and also with colleagues within TMR, in particular with the Restructuring, Repackaging/Refinancing, and Funds Division (RRF) to which PFP transfers work-intensive post-signature events (heavy waivers, debt repackagings or restructurings) for implementation.  S/he will also have external contact with counterparts, other transaction stakeholders, bank syndicate agents, co-lenders, rating agencies and sector experts.

Accountabilities

Qualifications

Competencies

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in one of the two languages. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of the relevant language and accept that their future career in the EIB may be subject to the attainment of sufficient proficiency in both of the Bank's working languages.

Deadline for applications:  02nd August 2012

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