Transaction Management Officer
The EIB, the European Union's bank, is seeking to recruit for its Transaction Management and Restructuring Directorate (TMR), Repackaging, Refinancing, Restructuring and Funds Division (RRF),at its headquarters in Luxembourg, a:
Transaction Management Officer - Funds and Equity Monitoring
Appointment will be made on the basis of a fixed term contract of 2 to 3 years
The successful candidate will carry out regular financial monitoring of a portfolio of Equity funds and operations, ensure event resolution, contribute to the analysis of the EIB's exposure to risks, and identify further action needed to ensure the soundness of the Bank's Equity portfolio. Moreover, the candidate will be responsible for periodic reports on TMR’s Equity portfolio.
Specific post Environment
TMR monitors counterparts and contracts and acts on contractual events under its responsibility, as well as on distressed transactions, in order to protect the EIB's financial interest and reputation. The Directorate is responsible for the Financial Monitoring, Event Resolution and Restructuring of (i) EU debt counterparts, (ii) EU and non-EU fully invested funds and equity, as well as (iii) EU and non-EU private sector distressed transactions. TMR is also responsible for developing and updating Bank-wide Financial Monitoring guidelines.
In addition to covering all “special transactions”, TMR/RRF is responsible for post-disbursement/investment equity operations, originated both inside and outside of the Union.
Operating network
The Transaction Management Officer will report to the Head of Unit/Head of Division of TMR/RRF and will cooperate regularly with colleagues across the Bank, in particular with the counterparts in the Origination, Legal, Finance and Credit Risk teams, and also with the other Divisions within TMR. Externally, he/she will maintain contact with counterparts, other transaction stakeholders, and co-investors.
Accountabilities
- Assess compliance with contractual terms (through contract reviews and investment monitoring)
- Propose and implement remedies for contract events; participate in the negotiations to resolve such events
- Perform the valuation of the EIB equity portfolio, in particular review valuations of equity lines, together with counterparts and on a quarterly/yearly basis, to ensure compliance with appropriate standards and requirements
- Score each operation and update whenever warranted
- Validate incoming and outgoing payments, disbursement requests from counterparts and payments received as a result of portfolio exits
- Implement financial monitoring policies and pro-actively formulate proposals to improve systems, procedures, and methods
- Contribute to the development of the Bank's Equity Guidelines and Procedures by providing feedback on practical, post-signature monitoring needs
- Prepare and follow up on meetings of Governance bodies of Investees (Advisory Boards, Boards of Directors, Investment Committees)
- Prepare periodic reports and presentations to the Bank's governance bodies and mandate providers
Qualifications
- University degree, preferably in Business Administration, Law, Finance or Economics
- At least 5 years of relevant professional experience in the Equity markets, ideally from a fund management, legal, banking and/or accounting perspective
- Understanding of the EIB's mission, organisation and activities
- Knowledge of the standard computer tools, in particular, strong proficiency in Microsoft Excel
- Very good knowledge of English and French. Knowledge of Italian, Portuguese and/or Spanish would be an advantage
Competencies
- Good verbal and written communication skills
- Strong numerical and statistical literacy
- Analysis and problem solving skills
- Practical understanding of company and fund analysis
- Quantitative analytical capability
- Ability to work independently
- Capacity to plan and organise her/his work
- Aptitude to deliver reviews, valuations and notes independently and under time pressure
Deadline for applications: 9th November 2013
We believe that Diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability.
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