The EIB, the European Union's bank is seeking to recruit for its Transaction Management and Restructuring Directorate (TMR) – Project Finance Division (PF), EU/NonEU Units at its headquarters in Luxembourg:
(Junior) Transaction Management Officers –Project Finance Monitoring
These are 2 full time positions
The term of these contracts will be 4 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.
Based on the assessment of their respective professional qualifications and experience, candidates will be selected for a position on an appropriate level and for inclusion in the most appropriate Project Finance team.
The Transaction Monitoring Officer carries out a regular financial monitoring (from first disbursement) of a portfolio of signed EIB Project Finance operations inside and outside the European Union and Candidate Countries. S/he manages event resolutions for standard and complex post signature events, including negotiation and implementation of solutions, thereby ensuring the stability and solidity of the Bank's portfolio of outstanding loans. In addition, s/he monitors intensive care cases in order to protect the Bank's financial interest and reputation.
The exact composition of the portfolio will depend on the selected candidates' experience in Project Finance operations and may also depend on language skills.
Specific post Environment
The Transaction Management and Restructuring Directorate (TMR) monitors counterparts and contracts and acts on contractual events under its responsibility, as well as on distressed transactions, to protect EIB's financial interest and reputation. The Directorate is responsible for the Financial Monitoring, Event Resolution and Restructuring of (i) EU counterparts and non-EU counterparts, (ii) EU and non-EU full invested funds and equity as well as (iii) EU and non-EU private sector distressed transactions and (iv) Non-EU counterparts and projects. TMR/PF comprises 2 units: EU Unit (PFEU), and Non-EU Unit (PFNEU) TMR is also responsible for developing and updating Bank-wide Financial Monitoring guidelines.
Depending on their experience, the successful candidate will report either to the Head of the EU or Non-EU Project Finance Unit, under the authority of the Head of Project Finance Division. Internally, s/he will cooperate closely with other Directorates across the Bank, in particular with the Origination, Project, Legal, Finance and Credit Risk teams, and with the other Divisions in TMR.
S/he will also have external contact with counterparts, other transaction stakeholders, corporates, syndicate agents, co-lenders, external advisors and sector experts.
- Carry out according to an agreed programme, reviews of project finance counterparts/transactions.
- Intensive monitoring of critical project finance cases.
- Negotiate and propose solutions to standard and complex post signature events (including restructuring in certain cases) for project finance loans.
- Monitor the related contracts, ensuring compliance with the protective clauses included in the loan documentation.
- Frequent travels to countries covered by portfolio.
- Handle client contacts, including organizing and participating in financial monitoring visits.
- Collaborate and coordinate activities with RM/CRD, OPS, JU, PJ and other Directorates.
- Contribute to the Division's regular reports, in particular Watch List reports.
- Check and, when necessary, update in a timely and accurate manner the data related to own portfolio in the Bank's IT systems.
- The above tasks are carried out in an autonomous way under supervision of the Head of Unit
- University degree, preferably in Business Administration, Law, Finance or Economics, ideally supplemented by post-graduate studies and/or training in Project Finance.
- At least 3 in a similar role in project finance lending from a structuring, origination, negotiation, credit, transaction monitoring or legal background.
- The ability to handle and negotiate event resolutions for project finance and loans.
- Experience and advanced knowledge of Excel and/or other financial monitoring systems and techniques, would be an advantage.
- Excellent knowledge of English and/or French (*). Knowledge of German would be an advantage.
Understands, anticipates and provides sound judgment on a variety of credit and legal issues
Judgement and decision making
Exercises good judgement in making proposals, considering all the available sources of information, underlying the rational reasons
Written and Oral communication
Communicates information verbally and in a written format in a clear, logically structured, concise and confident manner
Analysis and problem solving
Breaks down and analyses information independently and effectively, identifying the possible issues and proposing realistic and pragmatic outlooks and solutions
Organising and prioritising
Organises his/her own work in a multi-task context, is able to prioritise tasks according to their urgency and/or importance, and delivers on time
Focus on results and objectives, including delivery of accurate reviews in line with the quality standards of the division under time pressure
Establishes and develops positive professional relationships with internal and external counterparts, instils confidence and is able to effectively conduct negotiations
(*) There may be certain flexibility on this requirement, but limited to 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
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