Investment Analyst

Tessenderlo Group (Euronext: TESB) is an industrial group that focuses on agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and industrial solutions for water management. With headquarters in Belgium, the group is active in over 100 countries and we have a global team of more than 7,000 employees. In 2022, Tessenderlo Group recorded a consolidated revenue of 2.6 billion EUR, or a pro forma revenue (including Picanol Group) of 3.3 billion EUR.

Our group's conviction, "Every Molecule Counts", conveys our shared optimism about the potential of our planet and its people. We believe in the power of smart industry to create a positive impact. In everything we do, we seek to further valorize the resources at our disposal. This counts just as much for the end products we make, which we constantly optimize, as it does for the by-products from our processes, which we consistently seek to repurpose as best we can, respecting the planet and its resources.

We Make it Count - as an international company with Belgian roots, Tessenderlo Group promotes personal and local entrepreneurship, creating opportunities for all of our employees to take on challenging roles and real responsibilities. On top of this, our people are encouraged to further develop their competencies through regular training initiatives, and they are rewarded with competitive compensation and benefits packages. For more information about Tessenderlo Group, our people, our brands, and our results, please visit

We are seeking a highly motivated and curious Investment Analyst to build and manage a strategic equity portfolio for our group. This new role is designed for someone who thrives on independent thinking, is energized by building processes from the ground up, and wants to apply financial expertise in a context where industry knowledge gives us an edge.

You will be responsible for identifying, analyzing, and monitoring equity investments in companies that operate within or adjacent to our core sectors. The leadership team has already identified an initial list of companies for review, and you will build on this by expanding the pipeline with your own ideas.

You will present investment theses to ExCom, and remain actively engaged post-investment — attending shareholder meetings, monitoring developments, and maintaining relationships with company leadership, colleagues and experts. You'll report to the VP of Finance and collaborate broadly across the business to develop the deep insight needed to make sound investment decisions.

Key Responsibilities

• Opportunity Screening & Idea Generation: Build a structured process for sourcing and screening opportunities, starting with a pre-defined watchlist  and evolving into a dynamic, insight-led pipeline.
• Investment Analysis & Presentation: Conduct in-depth research and financial modeling to support investment cases on quoted companies. Present these ideas clearly and persuasively to the ExCom and communicate the key learnings and market trends to the Tessenderlo BU's.
• Internal Relationship Building: Engage regularly with leaders and experts across business units to develop a deep understanding of our operations, strategic context, and potential adjacencies.
• Portfolio Management: Actively monitor held positions — follow up investor calls, were relevant attend shareholder meetings or interact with management, and stay informed on relevant market developments.
• Process & Structure Development: Help define and embed a consistent investment process, including screening tools, reporting structures, and decision frameworks.

Profile We're Looking For

• Minimum of 3 years experience in Public equity research and investment management
• Industry knowledge: Chemical, Construction and/or Agro
• Strong valuation and modeling skills, with a strategic mindset
• Ability to present to senior leadership with clarity and confidence
• Proven self-starter — thrives in autonomy and ambiguity
• Fluent in English and at least one local language (Dutch or French)
• CFA progress is a plus

Success in This Role Looks Like

• A focused, insight-driven portfolio aligned with company strategy
• A structured, repeatable investment process built from scratch
• Proactive engagement with the businesses to surface ideas and deepen context
• A respected presence in senior-level decision-making forums

In a caring environment, in an agile & collaborative mode;
This is what Tessenderlo Group can offer you.