(Senior) Sector Economist

The** EIB**, the European Union's bank is seeking to recruit for its Projects Directorate (PJ), Energy Department (ENERGY), Energy Efficiency & Energy Advisory Division (ENEA) at its headquarters in Luxembourg, a **(Senior) Sector Economist**.

**This is a full-time position at grade 5/6 for which the EIB offers a permanent contract.**

Panel interviews are anticipated for **end of March / beginning of April**

**Purpose**:
The **(Senior) Sector Economist** will assess, within multi-disciplinary teams, the technical and economic viability and environmental sustainability of projects and programmes in all countries where the Bank operates and in accordance with the Bank's procedures, and contribute towards the formulation of the Bank’s policies and strategy in this sector. Further, the incumbent may contribute to technical assistance (TA) activities managed by the Bank.

**Operating Network**:
The Project Directorate’s mission is to assess the quality and risk of projects proposed for financing and to provide independent advice to the Bank’s decision makers on sector issues. It also plays an important role in advising promoters on the development and implementation of projects. It is involved in policy formulation for the Bank to respond to EU policies. To accomplish its role, PJ is mainly staffed with sector experts (Engineers, Economists, Environmental and Social experts).

**Accountabilities**:
As a **(Senior) Sector Economist** you will:

- Assess the economic and financial viability of investment projects and programmes, both in the EU Member States and in the other countries where the Bank operates, during the appraisal of projects that are proposed for EIB financing;
- Assess the market conditions supporting the above-referred economic and financial viability, and in particular the demand and, when applicable, the tariffs and associated support schemes to prepare EIB financing decisions;
- Cooperate closely with the Lending Directorate and provide assistance to the early screening of investments. Prepare incisive appraisal reports of projects and programmes in order to determine if they can be co-financed by the Bank;
- Monitor on-going projects in order to verify their alignment with the agreed objectives, EIB safeguards and prepare the corresponding project completion reports after the last disbursement;
- Track the evolution of the legal and regulatory framework for the projects as well as the applicable EIB lending policy, including active representation at selected sectorial events, and liaise closely with EU institutions and international organisations on energy policy/sector questions;
- Prepare technical specifications for the procurement of consultants and supervise the intermediate and final deliverables of those consultants in the context of the management of project development assistance funds received from donors;
- Produce sector, policy and other papers related to energy matters when required to support the EIB sector strategies and lending policy;
- Provide Technical Assistance to promoters (both public & private) on energy investments with a view to deliver technically sound and bankable investment projects.

**Qualifications**:

- University degree in economics (Master’s) in relevant fields for the type of projects concerned in this post;
- A multidisciplinary background would be an asset;
- Minimum of 5 years of relevant professional experience in the energy sector covering the main aspects of the project cycle (feasibility, design, development, management and operation) and in particular in relation to **energy efficiency**;
- Professional experience in providing advisory services gained with a consultancy, corporate, research institute or financial institution would be an asset;
- Good knowledge of the energy sector including the EU policies and regulatory aspects with relevance in the area of energy efficiency;
- Excellent knowledge of English and French (*), with a good knowledge of the other. Knowledge of other EU languages would be an advantage.

**Competencies**:

- Find out more about EIB core competencies _here
- (*) Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of _level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support._ _

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