Associate: Specialised Finance at Nedbank

Job Purpose

• We are looking for an Associate to join our mid-market Leverage Finance team. In this role you will be required to originate, lead and implement Leveraged Finance lending transactions in order to maximise sustainable revenue streams through the pursuit of profitable and innovative leverage finance transactions. Our ideal candidate for this role is an individual who has some prior experience in the structuring a Leverage Finance transaction.

Job Responsibilities

• Build sound client relationships (existing and through the origination of new clients) by clear communication; regular meetings and setting clear objectives and timelines.
• Lead and manage internal stakeholder relationships by collaboration and influence across all clusters; clear communication; agreeing on objectives and timelines and requesting stakeholder input in decision making.
• Build professional relationships by proactive targeted networking. 

Lead transactions from origination to close which involves:

• Construct a detailed financial model by employing forecasts from advisors/clients, back testing against historical audited financial statements, 
• Review Information Memorandum’s, Business Cases etc,
• Consider the funding construct (including Working Capital, Capex requirements etc.) sought by the client in relation to the scoping of a sustainable debt funding structure that on the basis of a bankers base case is in line with our Credit Risk appetite and aligns with our Leverage Finance Lending Mandate and yet balances the Funding requirements of the client/prospect,
• Propose relevant Financial Covenants, Security Recourse position, and Conditions Precedent, 
• Evaluate the proposed transaction structure in terms of the Companies Act, Competition Act, Income Tax Act (demonstrating a thorough understanding of Corporate Structuring Rules), and other relevant legislation,
• Diligently prepare the Deal Discussion submission (incl. Indicative Term Sheet) such that it is well considered, informed and succinct,
• Conduct various pricing scenarios, and provide input thereto,
• Negotiate Facility Agreements, Legal Agreements etc,
• Prepare final credit applications and present to the appropriate Credit Mandate holder executing on all relevant compliance requirements and fulfil Conditions Precedent on applications to process the payout.

Job Responsibilities Continued

• Proactively manage deal progress in line with set objectives and timelines by scheduling and leading progress meetings; following up on deliverables; scheduling review meetings with client in collaboration with the front line business and reviewing own work before submitting to relevant stakeholders.
• Ensure timeous submission of credit application by effectively planning (setting deliverables; expectations and timelines); early engagement and following up stakeholders on deliverables. 
• Monitor and assess credit exposure for any increase in risk by assessing exposures for appropriateness taking into consideration the client business performance and market conditions.
• Adapt to changes in all relevant legislation and industry trends by attending relevant training sessions or informal meetings with relevant divisions.
• Resolve work obstacles by lobbying and one on one engagements with relevant stakeholders.
• Provide support to Principals to close transactions by sharing your professional skills. 
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Sustainable Development Goals/Nedbank Purpose Statement).
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified time frame.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Contribute to developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholder's businesses by highlighting benefits in support of the implementation of recommendations.

Type of Exposure

• Strong networking ability and managing client relationships 
• Conducting quantitative and qualitative analysis
• Understanding of legal documents and security structures 
• Challenging the status quo with a view to improving the environment or internal stakeholders understanding 
• Communicating standards to others 
• Strong analytical skills
• Engaging external stakeholders to obtain buy-in for concepts and ideas 
• Preparing and delivering presentations 
• Strong communication skills
• Ability to lead and guide our frontline business teams

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees
• Matric / Grade 12 / National Senior Certificate

Preferred Qualification

• Chartered Accountant (SA), Chartered Financial Analyst, Chartered Institute of Management Accountant

Preferred Qualification

• Bachelors Degree (Hons) in Finance or Accounting, Sciences, Economics, or Bus Sci (Hon) Accounting

Minimum Experience Level

• At least 2 to 3 years Investment/ Commercial Banking / Advisory experience in a Corporate Finance / Debt Advisory / Leverage Finance environment.