Deal Manager at Investec

Description of the role 

• We are looking for an experienced Deal Manager who will fulfil the role as a primary contact and relationship manager for all Global Lending Operations activities, while being responsible for facilitating ICIB Specialised Lending Business areas and wider group stakeholders, to ensure transactions are managed efficiently and effectively as possible, with risk mitigation and data quality at the forefront of the service provided. 
• Deal Managers are required to service a portfolio of clients and own all elements related to that portfolio from an operational perspective. Self-governance and learning are key to being successful in the role and a strong focus on planning, maintaining an ordered environment and an eye for detail are fundamental attributes. 

Description of the skill and experience required 

Loan management 

• Coordination of deal handover meetings with frontline consultants 
• Deal execution and oversight of initial pay-away conditions in line with new deal facility checklists 
• Oversight and implementation of all subsequent payaway processes 
• Coordinate with the onboarding team to have relevant parties loaded on LoanIQ 
• Booking new deals in LoanIQ or other appropriate source systems 
• Ongoing management of active deals; invoicing and receipting, repricing, loan balance and funding management, allocation of repayments, amending and updating amortization tables where required, oversight of ongoing fees etc. – all of which need to be implemented and governed by the applicable legal conditions pursuant to the deal 
• Manage the inwards process relating to foreign currency deals and liaise with relevant teams to apply funds in accordance with the SARB regulations 
• Provide settlement quotes by interpreting legal agreements and deal profiles 
• Coordinate and liaise with facility agents on syndicated deals where Investec is a Lender 
• Maintain ordered records of all appropriate documents to ensure the seamless continuation of deals, easy access for auditors and reference points for query resolutions 
• Maintain workflow systems to keep record of the team activities 

Reconciliations 

• Daily reconciling of relevant accounts related to loans and funding 
• Identify and allocate foreign currency repayments on the Nostro accounts 
• Weekly review of funding profiles to ensure the correct costs are being allocated to Frontline teams and investigating any discrepancies that may have occurred due to repricing or other events 
• Periodic review of interest rate margins across multiple systems to ensure consistency and accuracy in funding costs 
• Monthly review of all balance sheet and income statement accounts in partnership with the accountants to balance the general ledger for monthly financial reporting 

Deal support 

• Attending weekly frontline meetings to understand the imminent and ongoing requirements of the teams from on operational perspective 
• Collation of data to support the frontline consultants in understanding the trends, current positions and key metrics, relevant to their book 
• Oversight of arrears positions; communicate with Business units, Credit and Credit support teams 
• Log risk events via the appropriate channels to help identify learning gaps and potential business risks 
• Provide audit requests as required 
• Participate in initiatives and projects both within the GLO environment and the wider bank community when needed 
• Operate a close relationship with the accountants to provide appropriate information on a regular basis 
• Solve queries on behalf of the frontline consultants, credit ops, IT support areas, settlements, and other support areas 

Experience, skill and capability 

 The following are compatible attributes that assist in being successful in the role but highly competent, disciplined individuals, who are able to upskill and apply themselves should be able to learn the role 

• Finance or relevant Commerce background covering Accounting modules as a preference 
• 3 years+ experience in a similar role or environment
• Aspirations to be in an operations role 
• Knowledge of lending products 
• Regulatory and lending risk knowledge as applicable to the role 
• Ability to interpret and operationalize complex deal, credit and legal documentation  
• Understanding of downstream implications, including finance, funding, risk reporting (market, operational and credit); 
• System knowledge and flexibility, ability to navigate and adapt to changes through a constantly changing technical environment 
• A strong grasp of Microsoft Excel is advantageous