Manager - Workout and Restructuring (FTC - 6Months) - Centurion at Secondments

Job Advert Summary    

• To find innovative commercial restructuring solutions for Corporate Banking clients identified as in need of a proactive intervention to mitigate risk and prevent or minimise losses. To seek opportunities for new investors with the main objective being resuscitation, ultimately protecting the interests of the Bank. To give technical expertise using the turnaround methodologies to develop, implement and monitor business rescue plan. To manage the end-to-end process of identified distressed Corporate Banking clients

Minimum Requirements    
Preferred Minimum Education and Experience    

• 3 years Business / Commercial Qualification (BCOM)
• 5-8 years' Corporate Banking experience which includes: Corporate Finance/Banking deal structuring; Structured trade and commodity finance; Strong Financial and Credit Analysis and Assessment background; Formulating business turnaround plans; Evaluation of business restructures or workouts; Managing turnaround of distressed clients.

Critical Competencies    

• Microsoft Office
• Business Acumen
• Legal procedures
• Deal structuring
• Turnarounds, workout and restructuring
• Credit and Financial Analysis
• Credit assessment / evaluation

Additional Requirements   

• Sound knowledge and understanding of the legislation and regulations inclusive of legislative and regulatory bodies within a specific environment: Companies Act; Insolvency Act; National Credit Act
• The company Act Travel as and when required
• Extended hours as and when required
• Time management
• Willing to work outdoors
• Valid SA Driver’s License
• Stress management

Duties and Responsibilities    
Key Performance Areas    
Innovative restructuring solutions to Corporate accounts

• Assume a portfolio management responsibility for allocated Corporate Banking clients that have been transferred to Workout and Restructuring Unit.
• Engage internal stakeholders such as the Corporate Banking, Credit team, Legal and Portfolio Performance Management teams to obtain an understanding of the client and the client’s business.
• Obtain all the necessary and required information to conduct a full diagnostic analysis and undertake a preliminary due diligence and recommend procuring an external due diligence where necessary and justifiable.

Manage the implementation of the approved restructure of customer accounts

• Engage clients, all relevant internal and external stakeholders on the outcome of the restructure proposal.
• Negotiate an equitable deal considering the Bank’s interest.
• Gather all the necessary documents required in drafting the new agreements.

Monitoring and Evaluation of restructured customer accounts

• Monitor all accounts within given portfolio to ensure that desired results are achieved pertaining to the approved turnaround and performance and ensure that all subsequent terms and conditions of approval are met.
• Obtain management information from client within prescribed timelines, analyse and engage clients regarding performance variances ensuring that action plans are in place to close the gaps of any negative variances.
• Provide regular (as prescribed) performance status update for each client and represent the account at the various governance structures (EXCO, Credit Committee or Board).Provide portfolio and client information to Finance Division for consideration in impairment calculation.

Provide advisory services to internal and external stakeholders where required

• Provide advice and guidance to the Portfolio Performance Management teams and the Corporate Banking team with respect to the identification of client accounts that should be flagged for a workout intervention based on lessons learnt in managing high risk clients.
• Participate in the reviewing of policies and procedures where workout and restructuring subject expertise may be required.
• Accompany Corporate Banking team members on request to client meetings to provide support and expert opinion on possible workout and restructuring related issues, processes and procedures.

Record Keeping and Reporting

• Client information is managed in terms of the Bank’s record management policy.
• Compile reports as required for the different governance structures and management.
• Ensure that client’s information is updated on the relevant systems as and when required in collaboration with the Specialist: Compliance and Administration