Legal & Recoveries Associate at Spartan

Legal & Recoveries Associate

Spartan focuses exclusively on entrepreneurs - we are changing the world one SME at a time and need people who believe that inclusive growth can happen through helping SMEs grow. We opened in 1981 and we provide companies with financing. More recently since 2010 we have focused our mission, exclusively to help SMEs grow. Spartan does this by providing finance that backs entrepreneurs.
The entrepreneurs require many forms of funding for their business to thrive from Growth Finance to Specialised Asset Finance and Working Capital Finance. This is where we need your help. You need to be obsessed with processes and have knowledge of legal loan documentation in general.
As a company, Spartan values a person with truthful candid talk, curiosity, conscientiousness and a learning mindset.

Our Culture

• At Spartan we are led by our values and here’s how we define them. Personal Growth - we have an unhealthy obsession with holistic learning & growth. Respect - it’s not what we do but who we are. Honesty - we’re honest with ourselves, we face the truth and we’re candid in our talk. Innovation - we don’t tolerate change, we orchestrate it. Determination - we never say die. Passion - we’re intensely enthusiastic in all we do.

Purpose of the Role

• To fulfil the credit compliance function in transaction execution, post-transaction monitoring and support for recoveries.

Job Description
Spartan requires a Legal & Recoveries Associate to fulfil the legal function in transaction execution, post-transaction monitoring and project management for recoveries: This is NOT a legal advisor role NOR a regulatory compliance role.

• Assisting with the vetting of the terms and conditions of deals from a legal perspective prior to the Credit Committee approving a deal
• Performing KYC/FICA/AML/PEP checks on clients
• Drafting legal agreements and related documents from standard templates (e.g. Loan Agreements, Pledge and Cession Agreements, Guarantees, etc.)
• Instructing attorneys to attend to the registration of securities (e.g. mortgage bonds, special notarial bonds, etc.)
• Liaising with colleagues regarding conditions, implementation and execution of deals
• Ensuring compliance with all other conditions of a deal prior to disbursing funds on a deal
• Assisting with general recovery matters (e.g. Sending letters of demand, liaising with external attorneys, etc.)
• General monitoring of portfolio
• Provide legal advice and services to the organisation and its employees in corporate and commercial matters
• Draft Term Sheets, ensuring they encapsulate the terms of the credit approval and perform general administration in respect of the facility agreement preparations and finalisation
• Attend to queries from credit analyst, operations and clients, providing legal expertise to the Credit Committee
• Draft documentation including regulatory required documents, non-standard security agreements and resolutions.
• To ensure that all client documents are up to date and signed off correctly and all required information is loaded onto the system

Required Qualifications

• Admitted Attorney
• Law Degree
• 5 year’s work experience

Desired Skills

• Obsessive about controlling documentation - understands the impact of incorrect compliance paperwork
• Attention to deal - OCD when it comes to details
• Organized & professional work ethic Ability to take initiative and learn quickly
• Excellent communication skills (verbal and written)
• Comfortable in engaging with customers at all levels
• Comfortable dealing with conflict and litigation related to recoveries.
• Techno Savvy

Remuneration

• Commensurate with market and years’ experience

Application Requirements

• CV
• Motivation Letter

Industry

• Financial Services