Senior Transaction Manager
4 days ago
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
CIB Transaction Management is recruiting for the opportunity within our Project Finance team to support our front office in the execution and post deal management activities throughout the life of the loan. We require a senior Transaction Manager with a minimum of 5 years structured finance experience within a similar role.
**Job Description**:
Responsibility for managing a discrete portfolio of clients in project 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 clients 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. TCU & 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 Loan 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 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. Lenders technical advisor & operator reports must be thoroughly reviewed and issues escalated to product or credit teams accordingly.
Ongoing notifications to the trader pertaining to margin ratchets
- Utilise the Mentis system to diarise margin ratchets.
- Google alerts to be created for deals where credit rating related pricing ratchets apply.
- Upon review of compliance certificate or rating alert, Transaction Manager to advise Trader 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.
Communication
- Proactive engagement with internal stakeholders pertaining to client’s requests or information received.
- Professional communication at all times with external clients.
- Technical Knowledge
- Personal & Interpersonal skills
- Commercial Effectiveness
- Management & Leadership
- Business skills
- Control Environment
Knowledge and Skills
Because the nature of the environment is structured, every transaction is unique and an understanding of every deal is required.
- Legal agreements of the transactions and related transaction documentation.
- Understanding of financial markets and general business acumen
- Is adaptable to different environments, people and personalities.
- Computer literacy
- Planning and organising
- A strong communicator that has the ability to influence stakeholders
- A good understanding of current economic environment including topical financial or credit matters
- A team player that contributes to increased efficiency within the business and that is a “go to person”
Education
Bachelor's Degrees and Advanced Diplomas: 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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