Associate Disbursement Officer

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Description

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• Coordinate and manage the upcoming disbursement related activities in the team dedicated to a specific geographical/sectorial area and ensure overall quality of the processes within the team and for the external stakeholders (EIB clients);
• Provide guidance, support and training to members of the disbursement team and ensure on-boarding of new team members;
• Identify necessary improvements of the existing processes and procedures as well as IT tools of the JMO Disbursement team;
• Flag business issues to the Head of Unit (HoU) or the Head of Division (HoD) if and when they arise, in particular, any issues of increased operational risk and work out potential solutions;
• Follow closely any developments regarding modulation guidelines and loan pricing; ensure that the rules are applied correctly in line with the modulation framework and pricing policy of the Bank; and coordinate the split responsibility for the disbursement related activity between OPS/GLO and PMM.

• Perform 4-eyes checks and quality controls on the RaSA quotations, offer letters sent to the borrowers, and Condition Precedents’ documentation;
• Sign Offer Letters; validate CPs for the ok to disburse and NOW instructions;
• Manage all non-standard operations; supervising more junior team members in all steps of the process;
• Guide more junior team members in order to ensure timely, efficient and error free execution of disbursements, revisions and conversions;
• Cooperate closely with OPS, GLO and PMM colleagues in charge of the relevant projects, as well as with other EIB services and keep up with a good communication and information flow and participate in meetings linked to the preparation of disbursement related activities;
• Interface with borrowers and/or intermediary institutions to ensure the receipt of mandatory information needed for disbursement purposes or otherwise required in the Finance Contract; support team members in finding adequate solutions
• Execute disbursement related activities and contribute to the smooth functioning of the disbursement team.

• Represent the JMO disbursement team in working groups and participate in horizontal projects to improve the existing processes and foster implementation of new products;
• Support the HoU and team members in addressing specific internal or external operational issues;
• Contribute to the regular managerial reporting;
• Review contracts or amendments at signature to ensure the feasibility of Conditions Precedent in the Finance Contracts (upon request).

• University degree (minimum an equivalent to a Bachelor) preferably in Finance, Economics or Business Administration.
• Minimum of 3 years working experience in the banking or financial sector; experience in managing disbursement process and /or related controls would be an advantage.
• Knowledge of legal documentation (loan/equity) and basic knowledge of financial markets.
• Good knowledge of the EIB project cycle, the EIB processes and procedures related to the administration, control and monitoring of lending operations would be an advantage
• Knowledge of the administrative, financial and legal aspects governing the Bank’s operations.
• Proficiency in MS Office Tools in particular Excel, knowledge of IT applications supporting lending would be an advantage as well as exposure to statistical and database query software and/or languages (Business Objects, etc.)
• Excellent knowledge of English and/or French**, with a good command of the other. Good knowledge of another EU language(s) in particular Spanish, would be an advantage.

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