Job Description

Bring your possibility to life! Define your career with us

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary 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 Front Office with specific 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.



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
• Individual to ensure that a solid understanding of loan agreements and deal structure is adopted and maintained
• Ensure client requests are clearly understood and impact thereto as part of request assessment
• Effective communication to other banks and clients on requests
• Ensuring the management of client votes and feedback to clients and lenders

Setting up of client and lender meetings for the respective portfolio

• Setting up meetings, taking instructions and executing on instructions
• Produce summary notes of meetings for internal team purposes
• Be a participant in the meetings to ensure there is flow and discussion
• Ensuring clients 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 of information undertakings from clients and or syndicated lenders
• Baring financial undertakings, all other information undertakings e.g. Lenders technical advisor & operator reports issued to all Lenders upon receipt

Knowledge and Skills

Because 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)

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

Absa