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Associate, Private Equity, Turkey

Posting Date: 12-Aug-2019

Location: Istanbul, TR

Company: EBRD

Requisition ID 15548
Office Country Turkey
Office City Istanbul
Division Banking
Dept. / Bus. Group VP Banking
Business Unit Turkey, Private Equity
Contract Type Regular
Contract Length
Posting End Date 01/09/2019 

 

 

Purpose

 

The Associate will be involved in execution, monitoring and divestments of equity and quasi-equity investments across sectors and geographies. The incumbent will be part of teams working on equity and quasi-equity transactions under guidance and supervision of Investment Directors/ Directors, Co-Heads Private Equity. This position is based in Turkey.

 

Background

 

EBRD’s equity approach has changed in recent years, with the team expanding significantly and taking over portfolio responsibility, as well as growing its origination and execution capacity. The Team is looking to recruit Associates, whose main role will be to contribute to deal preparation and execution.

The incumbent will typically work in project teams consisting of 3-4 members and will report to Associate Directors leading transactions and to the two Directors, Co-Heads Private Equity who are jointly heading the Equity Team.

 

Accountabilities & Responsibilities

 

  1. Business Development
  • Under direction, prepare analysis of market trends and developments and contribute to industry and country mapping exercises;
  • Contribute to marketing and business development efforts in equity to build reputable market contacts in order to develop a broad deal flow for EBRD, liaising closely with country and sector colleagues;
  • Prepare screening memos of project proposals that are generated through business development efforts.

 

  1. Structuring and Execution
  • Prepare robust and flexible financial models in Excel for potential investments;
  • Carry out initial valuation assessments using a variety of techniques;  
  • Prepare materials and sections for investment proposals and memoranda for internal approvals;
  • Prepare financial analysis and valuation tasks applying sound judgement of what’s reasonable and feasible;
  • Prepare term sheets  under supervision of transaction team leaders;
  • Participate in negotiation, when feasible and participate in the review of legal documentation and execution of transactions, working with clients, authorities, consultants and internal teams;
  • Take part in the project due diligence process ensuring undertakings are delivered on time and within the scope;
  • Ensure that all tasks within his/her 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.

 

  1. Portfolio Monitoring, Value Creation and Reporting
  • Contribute to the monitoring of an assigned portfolio of investments by preparing relevant reports, tracking progress and implementation of value creation programs and highlighting major variances/issues to team leaders / Associate Directors.
  • Ensure information is being collected and that internal portfolio reports are clear, concise, prepared in a timely manner, and identify all key issues;
  • Maintaining relationship and regular communication with the respective counterparties at portfolio companies, staying on top of critical developments with investments:
  • Assist in implementation of an exit when agreed.

 

  1. Staff Management
  • Work with team members to ensure timely delivery of quality work;
  • Develop productive relationships within EBRD to able to work effectively in a country/sector matrix structure and in a multi-cultural working environment.

 

Knowledge, Skills, Experience & Qualifications

 

Qualifications and Skills:

  • Bachelor’s degree.  Master’s degree preferred.
  • Professional qualification such as ACA, CFA, ACCA, or CIMA desirable.
  • Strong quantitative/numerical skills are critical with the ability to interpret financial information, and a deep knowledge of designing, building and using financial models.
  • The ability to interpret accounts, understanding local and international accounting principles and practice of credit analysis.
  • Detail and quality oriented.
  • Interpersonal skills. Team player.
  • Task management skills.
  • Ability to work to deadlines and under time pressure.
  • Excellent written and oral communication skills in English.
  • Good command of another language used in EBRD’s region is an advantage.

 

Experience & Knowledge:

  • Significant relevant private equity experience (5+years preferred), preferably in a major private equity firm or private equity arm of a major investment, commercial or development bank/IFI or asset management firm. [EBRD will also consider candidates from Investment Banking and/or consultancy sectors where the candidate can demonstrate substantial exposure to private equity transactions]
  • Experience in equity transactions with focus on execution.
  • In depth country experience, in particular, Turkey, will be highly advantageous.
  • Fluency in English and Turkish is prerequisite. 

 

 

 

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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