Transaction Manager

Overview

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

CIB IBD TM is currently looking for an experience Transaction Manager to represent the Absa Bank as Lender post deal implementation and to be responsible for the cradle to grave management of life cycle events within a portfolio of structured & vanilla Debt / Equity transactions.

Job Description

Responsibility for managing a discrete portfolio of clients in debt 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. Debt MO & 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.

Reference Point

A point of reference for Loans Middle Office, Credit, Legal, IBD FO, Coverage, Portfolio and Agent Banks and Borrower including the production of required management information

Client Engagement

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

Compliance and Information

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

Ongoing Notifications

Ongoing notifications to the trader / debt MO pertaining to margin ratchets

Risk Management

Communication

Knowledge and Skills

Because the nature of the environment is structured, every transaction is unique and an understanding of every deal is required.

Education

Post graduate degree in Finance

Experience

Education

Bachelors Degree and Professional Qualifications : Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised

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