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  • Posted: Jun 3, 2021
    Deadline: Not specified
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  • Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of A...
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    Corporate Development Consultant

    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. This role will be a part of absa’s in house corporate finance team

    Job Description

    Accountability: Origination

    • Develop and manage the groups strategic M&A agenda in conjunction with senior management
    • Build relationships with internal and external stakeholder
    • 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 completion process
    • Contribute towards M&A origination activities
    • Take responsibility for adherence to governance requirements
    • Take the day to day lead on M&A execution activities
    • Provide on the job training and assessment for less experienced team members

    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

    Education and Experience required:

    • B CA(SA) or equivalent preferred. Alternatives considered based on Relevant knowledge, skills and experience
    • 2 - 3 years post-qualifying experience in investment banking, corporate finance, transaction services or private equity.

    Knowledge and Skills:

    • Technical knowledge
    • Business skills
    • Control Environment
    • Personal & Interpersonal skills
    • Commercial Effectiveness
    • Excellent analytical and technical skill set (financial analysis, valuation, due diligence, modelling and commercial documentation)
    • Experience in 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 details 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:

    • Deciding and initiating action
    • Learning and researching
    • Entrepreneurial and commercial thinking
    • Relating and networking
    • Adapting and responding to change
    • Persuading and influencing
    • Creating and innovating

    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

    Method of Application

    Interested and qualified? Go to Absa on absa.wd3.myworkdayjobs.com to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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