Transactiional Manager at talentCRU

The Role:

One of the top four banks in South Arica is looking for a Transactional Manager with investment experience on a 4-month contract.

The role includes the following key responsibilities:

• Once draft legal agreements or Term Sheet become available, ensure that the transaction being negotiated can be facilitated on the bank’s systems with minimal manual intervention and can be administered within the bank’s existing operational capabilities.
• For deals yet to reach financial close, or, after a deal handover, thoroughly read through the latest available credit paper related to that transaction to gain an understanding of the deal.

Coordinate the Financial Close process for new deals and for refinancings/restructures of existing deals:

• Create and update the Conditions Precedent (CP) Checklist (where applicable);
• Actively monitor the progress of the fulfillment of the CP’s;
• Regularly provide updated CP checklists to Credit;
• Prepare and obtain sign off of the Deal Closing Memo
• Obtain internal sign off of financial close from Business, Credit, and Legal;
• Coordinate the sign off of the CP Satisfaction Letter; where applicable
• Load the CP Checklist; CP Satisfaction letter; Internal sign-offs of the financial close from Credit, Business and Legal onto DMS;
• Finalise funding for the overall transaction with Money Markets for all match-funded deals;
• Ensure that the client is loaded on ACBS. If not, once KYC has been obtained, send instructions to the Ops Ref Data team to upload the client on to ACBS.
• Ensure required exchange control approvals are in place for all new deals, refinancings, amendments or extensions to existing deals.

After a thorough perusal of the transaction finance documents, originate all facilities on ACBS at Financial Close or at document signature date and ensure that the transaction on ACBS reflects the transaction structure as per the legal agreements including the following (where applicable):

• Fee Accrual schedules;
• ACBS Covenant reminders, as applicable.

Coordinate the Conditions Subsequent (CS’s) collection process:

• Prepare a CS checklist (where applicable);
• Ensure that all CS’s are fulfilled by their agreed-upon dates; and
• Ensure that any further waivers of CS’s are approved by Credit and Business.

For all new deals, refinancings of existing deals and any secondary distributions, ensure receipt of copies of all Legal Agreements, CP documents (including CS’s where applicable) credit papers and authority soughts and upload these onto DMS.

Collateral Management:

• Ensure that electronic copies of all Finance and Security Agreements as well as originals of all underlying Security Instruments (unless these are to be held by a Security or Facility Agent), legal opinions, resolutions and the internal legal sign off of Financial Close are lodged with the Collateral Management team;
• Obtain confirmation of receipt by the Collateral Management team of all documentation sent to them;
• Proactively follow up on all outstanding items as per the monthly outstanding items spreadsheet relating to Collateral and Legal distributed by the Collateral Management team;
• Update the share cover monitoring spreadsheet on a daily basis and highlight any breaches to Business and Credit.

Provide a comprehensive handover of all new deals as well as amendments/refinancings of existing deals to the Loans Admin and Product Control teams:

• Set up a meeting with Loans Admin to discuss the Deal Closing Memo;
• Send copies of the executed Facility Agreement and final Credit Paper to the assigned Loans Administrator;
• Ensure that Product Control is aware of all foreign currency and ZAR upfront fees being invoiced prior to Financial Close including any ZAR commitment fees that they may need to manually invoice post-Financial Close.

Qualifications

Minimum qualifications

• Undergraduate degree in Commerce, Business Science, or equivalent tertiary education

Preferred Experience

• Experience within a Transaction Management or equivalent Middle Office environment; or
• Experience within a Finance Team; or
• Experience within an Internal Audit team; or
• Experience as a Credit Manager; or
• Completion of Articles with a bank or auditing firm.