Internship Back Office Agent
Company details
The Belgian Investment Company for Developing Countries (BIO) is a development finance institution governed by the Belgian state with a goal to foster sustainable development through private sector investment in partner countries.
BIO is a value driven organization that embodies open-mindedness, responsibility, determination and sustainability in every aspect of its work.
Function
The back-office unit is embedded in the Portfolio Monitoring team (PM), which is part of the Investment department. This specific unit aims at supporting the Investment Officers and the deal team during the approval process and during the monitoring of an investment.
Within the Portfolio team, you provide administrative support to both the Investment Officers and the Impact & Sustainability (I&S) team. You contribute to the effective follow-up of investment files and take part in various data management and data control activities.
Tasks and responsibilities:
- Assist and support investment officers and the I&S Unit in their day-to-day operations
- In close collaboration with the investment officer, monitor the clients’ obligations and their financial situation:
- Ensure the respect of legal agreements by BIO’s clients from an administrative and financial point of view
- Verify compliance with covenants
- Ensure that the financial reporting obligations are met by the portfolio companies and update BIO’s management information system (on quarterly basis)
- Spread the client’s financial statement in BIO’s internal system
- Handle and file information and documents (reports, legal documentation,…)
- Prepare disbursements to client companies, including conditions precedent checklist
- Monitor securities (completion, validity period,…)
- Prepare and monitor the Know Your Customer (KYC) clearances (initial assessment and annual reviews)
- In close collaboration with the I&S Unit:
- Assist and support the I&S Unit on development reporting: aggregate development data through queries and pivot tables - Excel based, collect the development indicators documentation and process data as well as quality checks
- Collect E&S monitoring reports and check deadlines compliance with Environmental and Social contractual clauses
- Support the Business Development Support Fund on contractual obligations reporting and KYC process
Profile
- You are currently pursuing a Bachelor's or Master's degree in Finance, Economics, Accounting, Business Administration, Law, or a related field.
- You are available to work during the academic year.
- Language skills: written and spoken English, French or Dutch.
- Good knowledge of MS Office (in particular of Excel)
- Excellent analytical and organisational skills, precise & meticulous
- Interested in emerging and developing markets
- Interested in sustainable development and willing to contribute to BIO’s sustainable vision
- Good communication skills, Team player
Offer
Come and join BIO for an enriching professional experience where you’ll be surrounded by motivated colleagues.
We offer an attractive package and you’ll enjoy a good balance between your work and your private life (homeworking, regular trainings…).
We’re ideally situated in Brussels – only a brisk 10-minute walk from Brussels Central Station and therefore easily accessible by public transport from several big cities.