Associate Director, Private Equity

European Bank for Reconstruction and Development

The Associate Director lead for Southern and Eastern Mediterranean ( SEMED ) will originate, execute, monitor and exit private and listed equity and quasi-equity investments in SEMED. In addition, The Associate Director will be accountable for the overall performance of the SEMED equity portfolio. Subject to the Associate Director s profile and experience, she / he would also source, execute and exit equity investments in Sub Saharan Africa.

The Associate Director will help to formulate and implement EBRD s equity investment strategy in SEMED, liaising closely with sector and country teams, and relevant support units.

The Associate Director will lead multi-disciplinary and cross-departmental teams and will need to ensure that that projects are executed, implemented and monitored in line with the procedures, policies and strategies of the Bank.

The role is comparable to a Private Equity Fund Investment Director.

Externally, the Associate Director is one of the Bank s primary representatives and shall ensure relationships with the Bank s counterparties, companies, advisors, co-investors are maintained and expanded in keeping with EBRD s ethical and professional standards.

Accountabilities & Responsibilities

• Business Development
• Help formulate the Bank s equity investment strategy and business development approach in the SEMED countries EBRD operates in.
• Lead the deal generation and screening of deal proposal flow, liaising closely with country and sector colleagues within the Bank, and identify sound and executable investments that meet the investment criteria and mandate of the Bank.
• Structuring and Execution
• Lead and manage complex transactions and project teams
• Lead structuring, negotiation (including review of legal documentation) and the execution of transactions, working with prospective investee companies, consultants and internal units;
• Manage the resources and the work load of the project teams under the incumbents supervision;
• Oversee the project due diligence process ensuring it meets the Bank s standards;
• Ensure that all transactions within the Associate Director s responsibility are completed within the specified time frames to a high standard (including preparation of term sheets and all internal memoranda and Board reports) and in line with the policies, procedures and objectives of the Bank.
• Portfolio Monitoring, Value Creation and Reporting
• Take responsibility for the overall performance of the SEMED equity portfolio in order to deliver attractive financial returns for EBRD over a medium-term holding period.
• Take responsibility for the performance and monitoring of all investments for which he/she is responsible, including taking the lead in maintaining or supervising the management of investee, co-investor, and counterpart relationships, leading value creation efforts, liaising with nominee directors and other shareholders, delivering high quality monitoring reports; proposing regular valuations, working towards exit; managing and supervising more junior bankers who assist in monitoring etc.;
• Take responsibility for ensuring timely notification of any critical investment issues to the relevant Equity Director and/or other senior management, ensuring availability of adequate data and information for them to be able to take timely decisions.
• Staff Management
• Assist in recruiting, training, coaching, mentoring, and managing junior investment professionals, involving them in all aspects of the project cycle (business origination, appraisal, execution, implementation, monitoring and exit), 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.