(Senior) Equity and Quasi-equity Investment Officer (Growth Capital) (Entity: EIB – Job ID: 103411)

By European Investment Bank

Job ID: 103411
Entity: European Investment Bank
Deadline: Wednesday 14th September 2016

EIB Posting

The EIB, the European Union’s bank, is seeking to recruit for its Operations Directorate (OPS) – New Products and Special Transactions Department (NPST) – Knowledge Economy, Research, Development and Innovation Division (2-NPDD-RDI) – MidCap Growth Finance (MGF) at its headquarters in Luxembourg:

(Senior) Equity and Quasi-equity Investment Officer (Growth Capital)

This is a full time position

The term of the contract will be 3 years

The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs, with a possibility to convert to a permanent contract subject to organisational requirements and individual performance.

Purpose

The Operations Directorate (OPS) is the EIB’s Front Office, responsible for the identification and appraisal of new business opportunities and the structuring, negotiation and execution of new deals. The Directorate is divided into seven geographically-focused Departments and three horizontal Departments (including one for Equity, New Products and Special Transactions in specialised sectors). The Investment Officer will be recruited to the latter Department, and will be responsible for the origination, structuring and execution of senior and junior debt transactions (mezzanine, subordinated loans, equity-type operations) with innovative mid-cap companies in Europe. Investment Officer will follow up all steps of the process, including but not limited to origination, analysis and contract negotiations. Key focus sectors would be (i) Automotive & Engineering, (ii) Biotech & Healthcare, (iii) Software and Telecoms and (iv) Energy.

Operating network

The successful candidate will report to a Head of Division/Head of Unit and collaborate closely with colleagues in the Division, as well as with other teams of the Bank involved in such transactions (e.g. with Legal Services, Risk Management, and the Projects Directorate (home to our in-house Engineers and Economists). There will also be extensive external contact including, but not limited to, National Promotional Banks, industry associations, the European Commission and private sector financial institutions.

Accountabilities

Transaction origination process:

  • Proactively originate operations with small and mid-cap companies across different sectors and countries;
  • Prescreen investment proposals submitted to the Bank and provide timely feedback;
  • Identify and propose the right products managed by the team (quasi-equity, equity, debt) or EIB Group as a whole;
  • Develop and maintain relationships with existing and future clients and their respective networks;
  • Prepare promotional material and participate in press and marketing events;
  • Design, procure, and monitor market studies with third parties;
  • Define and monitor origination tasks with junior colleagues (Investment Analyst/Graduate/Trainee);
  • Maintain active dialogue with institutions such as the European Commission, European governments, other International Finance Institutions;

Appraisal process:

  • Plan, lead, and monitor the operation appraisal process;
  • Manage one or more Investment Analysts and coordinate with relevant EIB Departments;
  • Develop tailor-made financing structures;
  • Prepare term sheets and negotiate with the company’s management, investors, and creditors;
  • Undertake financial and risk analysis, including equity valuations, debt service capacity, legal and security structures;
  • Draft financial reports and investment proposals in cooperation with the EIB’s services;
  • Select and manage external due diligence consultants, if necessary;
  • Prepare final approval documents and briefings for senior management;
  • Present and defend lending operations in compliance with the approval procedures;

Negotiation process:

  • Lead and coordinate the EIB contract negotiation process with the client, external legal advisors and internal counterparts;
  • Negotiate additional elements such as equity kickers and performance remuneration structures, intercreditor and/or shareholder agreements, security documentation etc.

Disbursement and monitoring process:

  • Follow-up the development of the transactions: update credit files and monitor the fulfillment of conditions in coordination with internal services
  • In the event of contractual modifications, support structural modifications and contract negotiations in liaison with key external and internal stakeholders in order to maintain the quality of the loan portfolio

Qualifications

  • University degree, preferably in Finance/Business or any related subject. The CFA qualification would be an advantage;
  • At least 5 years of relevant professional experience in Corporate Finance and/or High Yield Debt and/or Mezzanine Financing and/or Private Equity/Equity-type (Venture Debt) Investing/Portfolio Management gained at an international investment bank or a fund;
  • Experience in the financing of innovative companies in sectors such as software, technology or life science would be an asset ;
  • Strong technical expertise in financial analysis/modelling as well as experience in credit risk assessment;
  • Experience in sales/front office position would be considered an asset;
  • Good computer skills and knowledge of Microsoft Office (incl. Visual Basic);
  • Excellent knowledge of English and/or French, with a good knowledge of the other (*). Fluency in other EU languages would be a distinct advantage;
  • In-depth knowledge of specific local markets, and fluency in other EU languages, may be a requirement, depending on the countries of operation of the Division/Unit recruiting

Competencies

  • Origination skills: Demonstrates proactive and open attitude towards new clients and third parties. Takes ownership and works independently on business development tasks.
  • Developing relationships: Easily establishes and develops effective and positive professional relationships with internal and external counterparts, at all levels.
  • Judgement and decision making: Exercises good judgement in making proposals, considering all the available sources of information and alternatives. Expresses clear and rational reasons for proposals.
  • Written and Oral communication (including presentation): Communicates information verbally and in a written format in a clear, concise, confident and unambiguous manner.
  • Analysis and problem solving: Breaks down and analyses information effectively. Identifies the causes of (even complex) problems and proposes realistic and practical solutions to address them.
  • Organising and prioritising: Organises information and resources effectively. Prioritises tasks according to their urgency and/or importance.
  • Results focus: Demonstrates a focus on achieving results and objectives including deliver reviews and notes under time pressure. Consistently strives to meet or exceed expectations.
  • Negotiation: Recognises the goals and objectives of different parties. Negotiates mutually acceptable solutions through compromise and creates ‘win-win’ situations.

(*) There may be certain flexibility on this requirement for particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French 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: 14th September 2016

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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