CINEA/2024/TA/AD7/07-271 – Senior Financial Engineering Manager Temporary

Profile : Financial Engineering/Senior Financial Engineering Manager
Contract : Temporary agent
Position description :
The Agency has been entrusted mid-2020 with the implementation of the grant components of the Innovation Fund, one of the EU’s largest funding programmes for demonstration of innovative low-carbon technologies.
The Innovation Fund is a key funding instrument for delivering the European Green Deal, a package of measures aiming at becoming the first climate-neutral continent by 2050. The Innovation Fund focuses on demonstration and “first of a kind” projects in energy intensive industries (including products substituting carbon intensive ones and aviation), Carbon Capture and Utilisation (CCU), construction and operation of Carbon Capture and Storage (CCS), maritime, road transport and building sectors as well as innovative renewable energy generation and energy storage.

The Financial Engineering (FE) team of CINEA is an expanding team that contributes with its expertise in the field of project and sustainable finance at different stages of the implementation of the Agency’s programmes.

As member of the FE team, the Senior Financial Engineering Manager shall implement activities related to financial engineering within the Agency together with the relevant DGs of the European Commission, primarily with regards to the Innovation Fund.
The jobholder will be part of the unit’s Financial Engineering team and work under the authority of the Head of Unit responsible for ‘Programme support, coordination and communication’ and under the supervision of the Head of Sector responsible for the FE team. The jobholder will collaborate with a wider team of colleagues of the Agency, the European Commission and implementing partners to which the Commission delegates part of EU programmes, notably the European Investment Bank (EIB). The jobholder will interact frequently with external actors, in particular the representatives of projects that benefit from CINEA’s funding programmes and the experts involved in the evaluation of call for proposals organised by CINEA.
The Senior Financial Engineering Manager shall support the Commission’s activities for the development of pipelines of mature projects for the various sectors targeted by the Innovation Fund, and in this context contribute to all phases of those project’s lifecycle, including evaluation, contracting, implementation and monitoring.

The Senior Financial Engineering Manager range of tasks includes the following:
• During the preparation of the calls for proposals, liaise with the operational unit of CINEA, with DG CLIMA, and where relevant with consultants contracted for the preparation of the Innovation Fund, to:
o set up/fine tune processes and supporting tools for the evaluation and monitoring of financial and economic aspects of project proposals and projects and;
o establish/fine tune documentation related to the call for proposals as well as guidance to external evaluators
• Identify and select financial experts who can provide diversified and high quality input to the evaluation of projects applying for grants;
• Conduct the evaluation of applications received under the calls for proposals, ensuring high quality of experts’ contributions to the evaluation. In particular, assess key milestones for the project implementation;
• Implement the evaluation methodology and processes designed during call preparation, while respecting CINEA’s norms, codes of conduct, procedures and control standards;
• Monitor the implementation of projects selected for grants, in particular with respect to the milestones related to reaching financial close and entry into operation. This will involve regular contacts with beneficiaries and financing partners of the projects;
• Conduct research and analysis of background information on industries and markets, as well as financial data; analyse and evaluate potential financial risks related to the proposed projects, including analysis of financial statements, reviewing and updating financial models and financial projections;
• Set up the contractual arrangements between the Agency and the project beneficiaries;
• Ensure the sharing of knowledge and dissemination of project results. Support the dissemination of experience on best practices and lessons learned;
• Analyse and oversee the financial performance of projects, assess evolving financial risks, during project implementation and propose mitigation actions to support project beneficiaries during project implementation;
• Contribute to an efficient feedback to policy, ensuring that experience from implementation of projects and calls is fed back to the relevant DGs of the European Commission and used as input to improve subsequent programme management cycles;
• Represent the Agency in meetings, working groups and task forces with EU institutions, the EIB, Member States and other bodies;
• Support the development and implementation of new funding or financial instruments supporting the implementation of the European Green Deal.
Language / Level :
English : Proficient C2

Tagged as: Construction, Consultant, Engineer, ITI, labor, learn, management, manager, maritime, Reach

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