Transaction Manager

2 weeks ago

Sandton, South Africa Absa Bank Limited Full time

Bring your possibility to life Define your career with us
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary

To represent the Bank as a Lender post-deal implementation and to be responsible for the cradle-to-grave management of a portfolio of structured & vanilla debt transactions.

**Job Description**:
Responsible 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 requests
- Ensure that the required internal credit, product and legal approvals are received before communicating the bank's approval to external clients and or Agent banks.
- Effective communication with Agent banks and clients on requests.
- Alert internal teams on a need-to-know basis where these approvals may impact them, e.g. TCU & Trading team where the facility has been extended or re-priced. Critical to understanding public vs private teams so that we know what information can be shared between teams.

A point of reference for Loan Ops, Credit, IBD, Portfolio and Agent Banks and Borrower, including the production of required management information
- Assist internal teams with ad-hoc requests about portfolios.
- 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.
- Participate actively in these meetings and proactively contribute to resolutions of issues hereto.

Ensuring clients adhere to their information and financial undertakings according to the finance documents, including a review of the information undertakings
- Ensure that the transaction manager's deal portfolio is reviewed for accuracy & completeness for all information and reporting obligations that should be captured on Mentis 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. Lender's technical advisor & operator reports, must be thoroughly reviewed, and issues escalated to product or credit teams accordingly.

Ongoing notifications to the trader about margin ratchets
- Utilise the relevant system to diarise margin ratchets.
- Diarising alerts will be created for deals where credit rating-related pricing ratchets apply.
- Upon review of the compliance certificate or rating alert, advise the Trader of margin increase to the extent applicable.
- Proactively engage with Trader to ensure clear communication and understanding so that client loan requests are executed effectively.

Risk Management
- 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.

Communication
- Proactive engagement with internal stakeholders about clients’ requests or information received.
- Professional communication at all times with external clients.

Education

Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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