Job Description

Empowering Africa's tomorrow, together...one story at a time.
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 Corporate and Investment Banking (Investment Banking Division) is currently looking for a Facility Agent to manage a Pan-African portfolio, primarily responsible for the agency function of syndicated loans, acting as a mediator between borrower and lenders, ensuring timely resolution of financial undertakings. The candidate will also be responsible for deal management of a portfolio of clients.

Key Responsibilities
You will be required to attend to the financial administration of syndicated loans in accordance with the provisions of the relevant facility agreements and finance documents with appropriate attention to detail. This would entail the following:

• Reviewing draft documentation to ensure that the role of the Facility Agent is in line with the LMA standards,
• Interpreting Facilities Agreements and other finance documents for purposes of building and maintaining financial models in line with commercial terms included in the Facility Agreement,
• Originate and manage facilities on the loan management system, ensuring all transaction structures are accurately reflected,
• Managing cash flows and ensuring payments instructions are provided timeously to the relevant payments team,
• Instructing on and processing initial and subsequent utilisations, fees due, rate resets, roll overs etc in line with commercial terms included in the facility agreement,
• Successful invoicing and recovery of agency fees,
• Arranging and attending syndicated party meetings and ensuring action items are tracked accordingly,
• Attending to ad-hoc requests received from syndicated parties ensuring such requests are timeously actioned and/or resolved,
• Leading and participating in various ad-hoc change-the-bank and run-the-bank projects,
• Maintain relationships with clients, lenders, and internal teams, ensuring smooth communication and resolution of queries, and
• Timeously contributed to month-end reporting

Key Performance Measures:

• Effectiveness in managing deals in line with operational capabilities and compliance requirements.
• Successful invoicing and recovery of agency fees.
• Minimisation of operational risk incidents and governance process findings.
• Contribution to project testing and system input.
• Demonstration of organisational values in all interactions.

Education and Experience Required

• B Comm/Hons in Finance, Commerce, Business Science or equivalent
• 3-5 years Investment Banking experience
• Transaction Management or Agency experience
• Working experience of commercial loan/syndicated loan documentation
• Ability to establish effective working relationship with Borrower/Lenders

Technical Competencies:

• Strong financial and numerical skills.
• Proficient in risk management and project management.
• Ability to read and interpret legal documents.
• Financial modelling
• Excellent MS Office skills

Personal Competencies:

• Excellent verbal and written communication skills.
• Ability to multi-task and prioritise.
• Strong analytical abilities with a focus on detail and results.
• Capable of managing pressure and conflict effectively.
• Self-motivated with excellent relationship management skills.

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