Transaction Manager

To represent the Bank as Lender post deal implementation and to be responsible for the cradle to grave management of a portfolio of structured & vanilla debt transactions, including Jibar to Zaronia transition

 

Responsibility for managing a discrete portfolio of clients in asset finance transactions. 

 

The key responsibilities are as follows:

Execute consents, amendment and waiver requests 

·       Transaction Manager to ensure that a solid understanding of loan agreements and deal structure is adopted and maintained

·       Ensure client requests are clearly understood and impact thereto as part of request assessment

·       Provide thorough summaries and motivations to credit when seeking credit approvals

·       Proactive engagement with credit, legal, product and coverage teams in resolving client’s requests

·       Ensure that the required internal credit, product and legal approvals are received prior to communicating the banks approval to external clients and or Agent banks

·       Effective communication to Agent banks and clients on requests

·       Alert internal teams on a need-to-know basis where these approvals may impact them e.g. Middle Office, Product Control Group, Trading team where facility has been extended or re-priced. Critical to understand public vs private teams so that we know what information can be shared between teams.

 

·       A point of reference for MO, Ops, Credit, IBD, Portfolio and Agent Banks and Borrower including the production of required management information 

·       Assist internal teams with adhoc requests pertaining to portfolio

·       Assist in producing management reports for the Transaction Management portfolio

·       Attendance of client site visits and lender meetings for the respective portfolio 

•                     Accompany coverage and product bankers on external and internal client meetings and site visits

•                     Produce summary notes of meetings for internal team purposes

•                     Be an active participant in these meetings and proactively contribute to resolutions of issues hereto

 

Ensuring clients adhere to their information and financial undertakings pursuant to the finance documents including a review of the information undertakings 

•                     Ensure that the transaction mangers deal portfolio is reviewed for accuracy & completeness for all information and reporting obligations that should be captured on FLOW or a similar IT tool for the business.

•                     Timeous requesting of information undertakings from clients and or Agent banks on syndicated deals and keeping Credit and Export Credit Agency appraised of status.

•                     Baring financial undertakings, all other information undertakings e.g. Lenders technical advisor & operator reports must be thoroughly reviewed and issues escalated to product or credit teams accordingly.

 

Ongoing notifications to the Middle Office (MO) pertaining to margin ratchets 

·       Utilise the relevant system to diarise margin ratchets.

·       Diarising alerts to be created for deals where credit rating-related pricing ratchets apply.

·       Upon review of the compliance certificate or rating alert, to advise MO of margin increase to the extent applicable.

·       Proactive engagement with Trader to ensure there is a clear communication and understanding so that client loan requests are executed effectively.

 

•            Engage lenders and agent bank to transition all contract 

•            Update Project tracking tool

•            Keep Legal and Middle Office abreast on your portfolio relating to the transition

•            Assist the MO team in trade booking and amendments 

 

•            Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Absa Policies and Policy Standards Understand and manage risks and risk events (incidents) relevant to the role.

 

•                     Proactive engagement with internal stakeholders about client’s requests or information received.

•                     Professional communication at all times with external clients.

 

Years of Experience and Industry Experience                   

A solid understanding of Investment Banking Debt Products

-                      3 years of experience within Investment Banking preferably within structured debt products e.g. Asset Base Finance, Mezzanine debt etc

-                      A solid understanding of credit and loan documents is preferred.

-                      Previous transaction management experience specifically pertaining to executing waivers & amendments to debt transactions.

-                      Transaction Management experience relating to Asset and Funding model building, including remediation of cash breaks. 

 

Must-have Skills (Mandatory Skills):

-                      Include minimum years of experience required per skill        

-                      Transaction management, interpreting complex legal agreement 

-                      Previous transaction management experience specifically pertaining to executing waivers & amendments to debt transactions.

-                      Transaction Management experience relating to Asset and Funding model building, including remediation of cash breaks. 

 

Pre-screening questions (1 Minimum):        

•                     Can you describe your experience in managing post-closing commercial obligations?

•                     Are you deadline-driven? Please provide examples of how you successfully delivered on these projects and how you addressed any obstacles that could have impacted your timelines.

•                     How do you handle pressure in a high performance business units with limit supervision and structure in an evolving environment?