Corporate Development Specialist

Empowering Africa’s tomorrow, together one story at a time.
- 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

The Absa Corporate Development team is looking for a specialist to assist in the management and execution of our strategic Mergers and Acquisition (M&A) agenda and to ensure correct governance and control thereof.

Job Description

You will be expected to be experienced in respect of M&A origination and execution and to be able to become familiar with Absa’s governance requirements

Key Accountabilities

Accountability: Origination
- Develop and manage the groups strategic M&A agenda in conjunction with senior management
- Build relationships with internal and external stakeholders
- Provide ongoing market coverage by business segment and by geography
- Evaluate draft acquisition / disposal / JV Business cases
- Prepare valuations

Accountability: Execution
- Oversee the due diligence process to ensure smooth execution of delivery
- Develop final acquisition/disposal/JV business cases
- Lead deal structuring from start to finish to ensure success of the deal
- Negotiate key terms and legal documentation which will be submitted to the client
- Manage the offer/bidding process
- Oversee the preparation of announcements
- Manage the resolution of Conditions Precedent
- Oversee the completion process

Accountability: Governance
- Establish and manage deal teams
- Manage insider lists
- Select, engage and manage advisors
- Implement Confidentiality Agreements
- Manage internal approval processes for acquisitions / disposals / JV’s
- Perform the M&A evaluation support function for Absa's Group Investment Committee

Accountability: Stakeholder Management
- Effectively communicate developments within areas of activity to all relevant internal and external stakeholders
- Develop and maintain good working relationships with internal and external business partners, including but not limited to all delivery channels used, group marketing, group communications. Other prospective providers etc.
- Liaise with all business partners to ensure all management information they require is provided to them timeously
- Perform all other duties as reasonably assigned

Role/Person Specification

Education and Experience- CA (SA) or equivalent preferred. Alternatives considered based on relevant knowledge, skills and experience.- Essential: minimum 2 years post-qualifying experience in investment banking, corporate finance, transaction services or private equity- Desirable: 5 years post-qualifying experience in investment banking, corporate finance, transaction services or private equity

Knowledge and Skills
- Excellent analytical and technical skill set (financial analysis, valuation, due diligence, modelling and commercial documentation)
- Experience in a global investment banking environment with exposure to M&A international best practice
- Banking and insurance sector M&A experience, including African M&A experience
- Tactful and persuasive with the ability to convince minds at various levels of the organisation
- Strategic and commercial mindset
- Problem-solving / solutions oriented
- Strong attention to detail and an analytical approach
- Persistent in nature and a data-driven working style
- Ability to work in a team environment and foster knowledge sharing and mentoring of other team members
- Strong communication (verbal and written) and interpersonal skills at various levels

Competencies
- Technical Knowledge
- Business Skills
- Control Environment
- Personal & Interpersonal Skills
- Commercial Effectiveness

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_