The Principal Banker is expected to have some experience with all tasks related to, and understands all aspects of, primary private equity funds investments including origination, due diligence, negotiation of terms and corresponding legal documents, as well as monitoring post commitment, execution, implementation and monitoring, for all types of investment instruments offered by the Bank.
The Principal will act both as a senior member of a project team or as a transaction team leader depending of the candidates experience as well as the complexity of the transaction in question.
The Principal, is expected to take responsibility for effective leadership of his/her project team/s, supervision of junior banking staff, while contributing to their coaching and providing mentoring assistance, as required. Depending on the candidates level of private equity experience, the Principal will with time also be expected to represent the Bank on Advisory Board of funds.
The Principal's role also includes elements of pipeline development, client management and policy dialogue.
Accountabilities and Responsibilities
1. Structuring and Execution
Work as a senior project team member with appropriate oversight of more experienced team members on complex transactions, contributing to all aspects of fund structuring and execution..
As a project team leader:
Lead structuring, negotiation (including review of legal documentation) and the execution of fund investments, working closely with clients as well as internal and external advisors and support teams;
Manage the resources and the work load of the project teams under his/her supervision;
Oversee the project due diligence process, as well as the internal documentation and approval process, ensuring it meets the Bank's standards;
Ensure that all transactions within his/her responsibility are completed within the specified time frames to a high standard (including all internal memoranda and Board reports) and in line with the policies, procedures and objectives of the Bank.
2. Portfolio Monitoring, Value Creation and Reporting
As a senior project team member perform all such tasks as may be assigned by the Director or Line Managers and provide constructive portfolio monitoring advice, guidance and supervision to more junior members of the project team.
Take overall responsibility for the effective monitoring of all projects within his/her responsibility, including verifying the quality of regular monitoring reports; taking the lead in maintaining or supervising the management of client relationships; actively managing the resolution of any implementation/monitoring issues in cooperation with relevant Portfolio Managers; managing and supervising more junior bankers who assist in portfolio monitoring;
Take responsibility for ensuring timely notification of any critical portfolio issues to the relevant Portfolio Manager and/or Management, ensuring availability of adequate data and information for the Portfolio Manager and/or Management to be able to take timely decisions.
3. Policy Dialogue
In cooperation with relevant units within the Bank,contribute to policy dialogue, in a leading role (project level initiatives) or supporting function (national level initiatives);
Assist in providing necessary support, in the form of relevant information or documentation or meeting participation, towards efforts to procure grants and technical cooperation funds to complement investment projects or required as part of policy dialogue efforts.
4. Business Development
Assist with marketing and business development efforts in the relevant sector and countries to build reputable market contacts in order to develop a broad deal flow and cross selling of the Bank's competencies;
Assist with the critical screening of project proposal flow that is generated through business development efforts, liaising with other colleagues and teams within the Bank to identify sound and executable investments that meet the mandate of the Bank.
5. Staff Management
Assist in recruiting, training, coaching and mentoring junior bankers, in coordination with the team Director and Associate Directors, Senior Bankers, involving them in all aspects of the project cycle (appraisal, execution, implementation, monitoring and business development), ensuring adequate quality of project work and appropriate work load distribution amongst the project team members; contribute to their professional and competency development;
Develop productive relationships within the organisation to able to work effectively in a country/sector matrix structure and in a multi-cultural working environment.
Champion and role model the Bank's Behavioural Competencies and Corporate Behaviours, ensuring adherence within the team(s) so that the highest standards of integrity and ethical conduct are exhibited at all times.
The responsibilities of the Principal Banker are designed to allow for the development of transaction expertise and expansion of responsibilities, leading to assuming the role of Senior Banker.
Qualifications, Skills, Experience & Knowledge
Bachelor's degree. Master's degree preferred or equivalent experience in the areas of expertise.
Professional qualification such as ACA, CFA, ACCA, or CIMA desirable.
Prior experience within Private Equity in an investment role is essential.
Significant relevant financial industry experience from an investment or commercial bank, private equity firm, fund of funds investor, asset management firm, or auditing/financial consulting firm operating to international standards. For candidates with fund of funds background, experience in direct co-investments is not necessary but would be an advantage.
Practical experience of participating in and leading complex transactions through the full project life cycle.
Strong quantitative/numerical skills are critical with the ability to interpret financial information and to design and use financial models.
Computer literacy, conversant with Microsoft Office and spread sheet packages including financial analysis and modelling modules.
Stakeholder management skills.
Coaching, mentoring & leadership skills.
Relationship management and negotiation skills.
Ability to work to deadlines and under time pressure.
Excellent written and oral communication skills in English.
Diversity is one of the Bank's core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working.
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