Manager Private Equity

Company

The Belgian Investment Company for Developing Countries (“BIO”) is a development finance institution controlled by the Belgian government that seeks to support the private sector in developing countries by investing in local enterprises, either directly or indirectly (e.g. through financial institutions or investment funds).

BIO is looking for a new Manager Private Equity.

This recruitment is handled exclusively by EBBINGE. Please send your questions and applications to the following address: Camille.Persoons@ebbinge.be

Function

The manager Private Equity ensures the coordination, management and supervision of the team Private Equity. He represents the link between the managers and the members of the team and is the referent for the people for whom he is responsible. This mission is carried out in coordination with the CIO. This mission is set with the aim of achieving the company’s overall objectives and to convey the message of the top management to the team members.

The mains responsibilities of the Manager Private Equity are also:

• To identify and evaluate investments in private equity funds that comply with BIO’s strategy and role.

• To supervise closely a portfolio of a dozen funds.

• To develop skills and standards for direct private equity investments. To play an advisory role for all direct equity transactions.

The manager also manage their operational tasks. The operational part can be more or less important

The Manager Private Equity are 2 mains responsibilities

• Manage: setting objectives and monitoring results, directing and conceptualising:
  • Define a strategy at the team level with a definition of coherent individual and collective objectives ;

  • Plan and monitor the work. If necessary, carry out corrective actions to improve results and achieve objectives ;

  • Evaluate the work, efficiency and competences of staff, particularly during annual appraisal interviews and through the setting of SMART objectives;

  • Give appropriate feedback in a timely manner.
• Organise: distribute and coordinate the work:
  • Know the role of each person and the evolution of this role and associated objectives. With this information, draw up a coherent schedule of tasks;

  • Establish internal communication within the team ;

  • Ensure that the workload is well-balanced within the team and raise any possible need for additional resources or team adaptation;

  • Encourage autonomy, decision-making and involvement through delegation of certain responsibilities.
• Animate: leading and mobilising team members to achieve a common goal:
  • Pilot continuous training to motivate team members to improve and develop their skills;

  • Federate and develop team spirit and cohesion;

  • Working constructively to find win-win solutions during negotiations/conflicts.

• Communicate:

• PE Funds
  • To identify and evaluate investments in private equity funds that comply with BIO’s strategy and role in terms of financial return, development impact as well as social and environmental standards;
  • Conduct on-site evaluation missions;
  • Prepare detailed analysis reports and present investment recommendations to management and BIO Investment Committee;
  • Organize the preparation of legal documents, in coordination with internal and external resources;
  • Supervise a portfolio of private equity funds in close collaboration with the equity portfolio officers:
• Direct Equity
  • As part of a deal team: evaluate equity investment projects, help structuring and negotiating transactions, organize the preparation of legal documents (in coordination with internal and external resources);
  • Supervise a few direct equity investments in close collaboration with the equity portfolio officers:
  • Closely monitor the investments in terms of performance, governance etc.
  • Identify issues and propose adequate solutions.
  • Provide adequate recommendations to BIO for all shareholders’ decisions, represent BIO as a shareholder, participate in the governance and/or liaise with external Board Members appointed by BIO.
  • Report on a regular basis.

Profile

• High level education in Business Administration, Economics or Finance
• Direct private equity skills /Corporate finance skills / Analytical skills
• Relevant work experience: at least 10 in corporate finance, corporate banking or financial analysis in a bank, an investment company or an audit company.
• Interest for development subjects and developing countries.
• Pro-active, initiative taker, entrepreneurial spirit. Result-oriented.
• Excellent networking, negotiating and communication skills (oral and written)
• Strong leadership and negotiation skills
• Strong team player
• Fluency in Dutch, French and English. Spanish is an asset
• Strong interest in impact investing and developing markets – a first experience in the region would be an asset
• Willingness to travel: ± 15% of time