The EIB, the European Union’s bank, is seeking to recruit for its Portfolio Management and Monitoring Directorate (PMM), Transaction Management Department (TM), Equity and Venture Debt Division (EVD), Venture Debt & Impact Finance – Life Science Unit (QE LS) at its headquarters in Luxembourg, a (Senior) Equity and Venture Debt Officer*.

This is a full-time position at grade 5/6 for which the EIB offers a permanent contract.

*internal benchmark: (Senior) Financial Monitoring Officer

Panel interviews are anticipated for beginning of October 2023.

Purpose

As a (Senior) Equity and Venture Debt Officer you will be responsible for a portfolio of equity-type instruments within the unit in charge of venture debt operations in the Life Science sector. You will be responsible for the lifecycle management (relationship, monitoring, coverage, events resolution, and divestment) of EIB operations which are transferred to PMM from OPS (Operations Directorate) after their first disbursement. You will also provide the appropriate valuations and financial analysis of the relevant portfolio and contribute to periodic reporting.

Specific Post Environment

PMM monitors counterparts and financial 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, divestment and restructuring of (i) EU debt counterparts, (ii) equity funds, equity-type and subordinated instruments after disbursement/investment or signature, as applicable (iii) EU and non-EU private sector distressed transactions. PMM is also responsible for developing and updating Bank-wide Financial Monitoring guidelines.

Operating Network

You will report to the Head of Unit responsible for the venture debt operations in the Life Science sector. You will cooperate regularly with colleagues within the EVD Team and across the Bank, in particular with the counterparts in Ops, JU, FI, FC. PJ and RM teams and also with the other Divisions in PMM. Externally, you will maintain contact with counterparts, other transaction stakeholders, and co-investors.

Accountabilities

• Ensure regular relationship with the Bank’s counterparts under the supervised portfolio.
• Ensure in an autonomous, timely manner a meaningful transactions management by (i) formulating and processing internally event resolutions and divestment proposals and (ii) negotiating and implementing event resolution and divestments with external counterparts and advisors.
• Independently perform performance reviews of the EIB’s post-investment/disbursement equity, equity-type (reviews, valuations, scorings) on a regular basis to ensure best practice financial coverage.
• Actively represent the Bank in relation to non-executive advisory functions of its investees.
• Review and implement updates to financial monitoring policies and pro-actively formulate proposals to improve systems, procedures.
• Participate in periodic reporting produced by the Division in respect of its portfolio.
• Coach and develop more junior members of staff.
• Share lessons learnt within the team and across the Bank.

Qualifications

• University degree (minimum an equivalent to a Bachelor) preferably in Business Administration, Law, Finance or Economics
• At least 5 years of relevant professional experience in a similar role, specifically exposed to equity and equity-type investing and/or structured finance, preferably from the portfolio management side.
• Good knowledge of international accounting standards and valuation methodologies.
• Understanding of the EIB’s mission, organisation and activities.
• Knowledge of the standard computer tools, in particular, strong proficiency in Microsoft Excel and PowerPoint.
• Excellent knowledge of English and/or French (*) with a good command of the other. (Knowledge of other EU languages would be an advantage).

Competencies

Find out more about EIB core competencies here

(*) Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support.

We are an equal opportunities employer, who believes that diversity is good for our people and our business. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation/identity, disability or neurodiversity.

Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Recruitment team [email protected] who will ensure that your request is handled.

By applying for this position, you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorised disclosure of any information or any damage to the EIB Group reputation.

Deadline for applications: 11^th September 2023

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