The EIB, the European Union's bank, is seeking to recruit for its Operations Directorate (OPS) - Global Partners and Neighbouring Countries Departments - Project Finance Division, at its headquarters in Luxembourg, a:
(Senior) Loan Officer - Project Finance and Guarantees
This is a full time position at grade 5/6
This post is linked to the Cotonou Partnership
The term of this contract will be until December 2020
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.
To carry out EIB project finance (PF) and guarantee operations in the regions covered by the Global Partners and Neighbouring Countries Departments (focusing on Sub-Saharan Africa, Caribbean and the Pacific (ACP), Northern Africa and the Middle East, Asia, Latin America, and Eastern Europe/CIS), taking end to end responsibility for their identification, appraisal, negotiation, approval, signature and follow-up until first disbursement. To provide input to the strategy for EIB project finance and guarantee operations in assigned countries, in line with Departmental objectives and with the partnership referred above until December 2020.
Reports to the Head of Division and cooperates closely with colleagues working in the regions, from both Luxembourg and the regional offices. He/she will also cooperate closely with colleagues in other Directorates, notably in Projects (PJ), Legal (JU), Risk Management (RM), Transaction Management and Restructuring (TMR), Finance (FI) and Compliance (OCCO).
This role sits within a specialised Project Finance & Guarantees Division. The post requires the ability and willingness to travel extensively.
Project origination process:
- Track developments and monitor target markets, screening proposals and identifying a project pipeline that best meet the Bank's Corporate Operational Plan (COP) objectives.
- In coordination with the Global Partners and Neighbouring Countries Departments, develop and maintain a network of external counterparts (e.g. sponsors, investors, commercial banks, Export Credit Agencies (ECAs), government representatives, local authorities, EU bodies, and International/Development Financial Institutions (IFIs/DFIs)).
- Evaluate, at an early stage, the quality of potential projects and their chance of success, including where appropriate, internal consultation with the technical Projects Directorate (PJ – EIB's in-house Engineers and Sector Economists), Risk Management (RM) and Legal Services (JU).
- Review and comment on project documentation and financial model.
- Structure loan/guarantee proposals, evaluate their feasibility, analyse project and financial risks, prepare key financial analyses, draft reports and lending proposals in cooperation with the appraisal team.
- Take responsibility for the approval process on selected operations.
- Coordinate the work of external advisers (e.g. legal, technical, insurance advisors).
- Mobilise and manage Technical Assistance or other types of Grant Funding (for instance from the available EC blending instruments) that may be required to develop and/or enhance the structure of PF operations.
Negotiation of contracts:
- Lead the negotiation of legal and other project documentation with the promoter and other counterparts, in coordination with other Directorates.
Disbursement and monitoring:
- Follow PF/PPP transactions closely until (and including) first disbursement, overseeing the transfer to the Transaction Management and Restructuring (TMR) Directorate.
- Following the transfer to TMR, provide support to the responsible monitoring team when required.
Optimisation of operating tools and working methods:
- Implement policies and initiatives in lending and guarantee operations and make suggestions to improve key operational processes.
- Share his/her own information and experience in the management of lending operations with other members of the team in order to enlarge the knowledge and competencies of the team.
- Participate in initiatives that go beyond the boundaries of the lending/investment domain, such as intra-Directorate working groups.
- University degree, ideally in Finance/ Economics or a business related discipline.
- Minimum of five years of relevant experience in the financial sector, in particular in Project Finance.
- Good knowledge of financial and cash flow analysis as well as proven experience in project risk assessment, financial modelling and contract negotiation.
- Experience in working in developing countries would be an advantage.
- Experience in the area of guarantees (political risk or partial credit guarantees) or structured finance would be an advantage.
- Knowledge of standard computer tools.
- Excellent knowledge of English; good knowledge of French would be a distinct advantage.
- Achievement Drive: continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
- Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
- Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
- Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation's needs and intrinsic values, acting with integrity in ways that promote the organisation's mission, policies and rules.
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.