- Ref
- 60012671-2
- Country
- Turkey
- City
- Istanbul
- Department
- Banking
- Business Unit
- Infrastructure, MEI
- Closing date for applications
- 28 August 2014
Role Overview
The Municipal and Environmental Infrastructure (MEI) Team has identified Turkey, which became an EBRD country of operations at the end of 2008, as a key market for expansion of its municipal lending and investment programme including water and wastewater, solid waste and urban transport, and is looking for an intern to join their team.
The Intern will provide support to the project preparation process under direct and continuous supervision from Operation Leaders. The key focus will be on the credit and financial aspects of project development and implementation with special responsibility for financial modelling and analysis. The Intern will be expected to participate in all aspects of project development and implementation. An Intern may progress to more complex aspects of transaction processing, progressively gaining more responsibilities.
Beyond the support to MEI business in Turkey, the Intern will also be expected to provide portfolio monitoring support for projects across all EBRD Countries of Operations. Through providing assistance to the Portfolio Manager and Assistant Portfolio Manager and by gradually assuming the Operation Leader’s (OL’s) responsibilities on active projects.
Key Responsibilities and Deliverables
Business support for Turkey:
• Credit and financial aspects of project development, including financial analysis of companies - data gathering, construction and analysis of financial projections; structuring and monitoring of financing agreements
• Research, analyse and provide background information into companies
• Draft specific assigned portions of Bank documents and correspondence
• Participate in project implementation, including administrative and analytical support in specific areas of project monitoring
• Support business development efforts and attend meetings with clients alongside more senior bankers
• Liaison with the Bank’s internal Credit department, and other support units
Assistance with Team portfolio monitoring:
• Monitor closely the physical and financial progress of the project(s), addressing problems and suggesting solutions where appropriate. “Best course of action” measures often involve close liaison with OGC and OAU
• Manage day to day project monitoring and implementation, addressing problems and client queries efficiently and ensuring the OL and team management are fully briefed on any issues arising
• Review all reporting provided by the client, its consultants or generated internally within the Bank Comment on adequacy (and/or liaise with OLs and relevant experts on technical or complex issues), suggest improvements/amendments where necessary
• Liaise with client and relevant external consultants/auditors as required by monitoring responsibilities. Attend meetings with clients on an ad-hoc basis. Ensure both consultants and auditors are providing satisfactory reports and assistance and, if not, take steps to address, where appropriate
• Liaise closely with MEI’s Procurement Specialists ensuring appropriate contracting strategy and all Bank procedures are followed correctly. Ensure contracts are administered as effectively as possible and monitor their progress closely, with specific focus on critical path
• Prepare independently the Monitoring Reports and Expanded Monitoring Reports for all projects within own portfolio, including credit analysis
• Prepare (or confirm), monitor and update disbursement forecasts by quarter for all projects within own portfolio. Take steps when these are falling behind. Provide relevant input for business planning and disbursement forecasting to team management
• Keep team management fully briefed of any significant changes in project life cycle or financial status of the borrower or beneficiary
• Monitor covenant compliance and liaise with clients on all project-related issues. Report to OAU on compliance and address any problems on compliance with Credit where necessary. Proactively review covenants to ensure they remain appropriate and are still considered best practice within the specific sector. Ensure Exceptions Report is kept to an absolute minimum
• Lead, or assist OL, in the preparation of waivers, amendments to legal documentation, required OPSCOM approvals in relation to portfolio of projects
• Review Evaluation Department (EvD) prepared drafts of Project Evaluation documents, ensuring all data contained is correct and assisting EvD in sourcing data they require for the preparation of their documentation
• Monitor and manage related TCs, handling all relevant Bank requirements, and in particular act as focal point for liaison between client and consultant
• Keep abreast of sector or policy reforms within the sector. Closely monitor guarantor and borrower obligations with regards sectoral reform, taking steps where appropriate and referring to Sector Specialist
• Become fully familiar with all Bank standard documents (i.e. Disbursement Handbook, EBRD Procurement Policies & Rules)
Essential Skills, Experience & Qualifications
• Good relevant degree from a leading university in the country of education (e.g. business administration, economics, finance)
• Preferably minimum of 2+ years of relevant and commercial work experience (e.g. banking, finance, accounting, audit or project finance) gained from a major commercial/investment bank, equity fund, advisory services or corporate finance firm
• Credit analysis skills: ability to interpret accounts, understanding international accounting principles and practice of credit analysis
• Proven analytical skills; strong numerical and financial skills, with ability to interpret financial information and to design and use financial models
• Computer literacy, excellent spreadsheet skills
• Very good written and oral communication skills in English
• Fluency in Turkish is essential
• Experience in project preparation work in the infrastructure sector in Turkey and understanding the dynamics of the country or sector is an advantage
Competencies & Personal Attributes
Ability to operate sensitively in multicultural environments and build effective working relations with clients and colleagues
• Willingness to travel to and work in EBRD countries of operation, notably Turkey
• Ability to work well within a team
• Ability to work to and meet tight deadlines
Note: This job description is not limited to the responsibilities listed and the incumbent may be requested to perform other relevant duties as required by business needs.
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