e EIB, the European Union's bank, is seeking to recruit for its Operations Directorate (Ops) - New Products and Special Transactions Department (NPST) - Equity and Microfinance Division (EQMF), at its headquarters in Luxembourg, a:
(Junior) Equity Investment Officer
This post is linked to Cotonou Partnership
This is a full time position at grade 4/5
The term of this 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.
The Equity and Microfinance Division is part of the NPST Department and acts as a centre of expertise for the Global Partners and Neighbourhood Countries Departments, providing advice on private sector projects, setting up new financial products, and developing the financial sector. From an operational standpoint, it manages and monitors equity and microfinance investments, either direct or indirect (through private equity or microfinance funds) in order to support private local or foreign investment conducive to sustainable development.
It is to be noted that NPST is currently undergoing a reorganisation and that the advertised vacancy will be part of the soon to be created Equity Unit within the Intermediated Financing for Micro, Small and Medium Sized Companies Division.
The Equity Investment Officer will work in close cooperation with a team of Investment Officers, reporting to the Head of Equity Unit, under the authority of the Head of Division.
The (Junior) Investment Officer will be responsible for a series of tasks (defined below) to support the origination and execution of equity operations with innovative early stage venture capital Funds in Africa, in the context of the Boost Africa initiative.
- Identify, structure and negotiate new investments through African funds
- Funding instruments typically include equity or quasi -equity, as well as grant funding of Technical Assistance
- Draft due diligence reports, Board reports, financial reports and investment recommendations
- Monitor projects and draft monitoring reports on a regular basis
- Perform portfolio / investment valuations
- Devise appropriate incentive and remuneration structures, exit strategies and control mechanisms
- Interface with EIB clients and various other stakeholders, including the African Development Bank and the European Commission
- Represent the Bank in appropriate professional and public events and meetings
- Follow trends and innovations in venture capital markets
- Participate in supervisory boards and investment committees when appropriate
- Contribute to setting-up the TA component of Boost Africa
- Monitoring its implementation, liaising with the Advisory Services Department
- University degree in Finance/Economics or a related subject. Post Graduate studies would be an advantage
- At least 3 years relevant professional experience including working on private equity and venture capital operations
- Good knowledge of financial and cash flow analysis as well as proven experience in risk assessment and financial modelling
- Knowledge of quantitative techniques and tools
- Knowledge of the ACP (African, Caribbean, Pacific) and/or FEMIP (North African and Middle Eastern) markets would be an advantage
- Excellent knowledge of written and spoken English and a good command of written/spoken French (*). Knowledge of another EU language would be an advantage.
- Team working spirit
- Good inter-personal skills at all levels in a multicultural environment
- Strong analytical skills
- Ability to draft clear and concise reports
- Ability to work under pressure and meet deadlines
- Sense of responsibility, organisation and initiative
(*) 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