Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise the possibilities on our continent and beyond.
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CIB-Investment Banking Team is currently looking for a Facility Agent to manage a Pan Africa portfolio , primarily responsible for deal management of syndicated loans in the Agency Front Office with a focus on legal acumen. Act as a mediator between borrower and lenders. The ideal candidate should have experience in the understanding and experience of legal agreements associated with syndicated loans and the management thereof.
Job Description
Execute consents, amendment and waiver requests
Assist with all administrative related issues in the onboarding of new syndicated transactions and the management thereof for the life of the transaction and all matters incidental thereto
Ensure a solid understanding of loan agreements and deal structure is adopted and maintained
Ensure syndicated parties requests are clearly understood and communicated and resolved effectively between relevant stakeholders
Where approvals are required, ensure the voting process is recorded and communicated to all parties within the syndicate.
Portfolio and Stakeholder management
Setting up meetings, taking instructions/minutes and executing on instructions
Active participation and contribution to resolution in stakeholder meetings
Ensuring relevant syndicated parties’ adhere to their information and financial undertakings pursuant to the finance documents
Ensure that all deals are accurately created on new system for team members respective deal portfolio
Ensure that the covenants and clauses information is thoroughly populated
Timeous requesting and sharing of information undertakings from relevant syndicated parties
Baring financial undertakings, all other information undertakings e.g. Lenders technical advisor & operator reports issued to all Lenders upon receipt
Assist the Agency TMU team (where necessary) in the financial and loan management of the portfolio which includes but is not limited to managing cashflows, updating cashflow models, calculation of interest/capital due and documentation compliance
Knowledge and Skills
Since 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.
Product Knowledge
A good understanding of current economic environment including topical financial or credit matters
A good understanding of current economic environment including topical financial or credit matters
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
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