Manager
Standard Bank
Johannesburg, Gauteng, ZA
5d ago
source : Latest Jobs

Support Executive Vice President (EVP) / Vice President (VP) on structuring equity finance and mezzanine transactions in Principal Finance, Investment Banking.

Responsibilities includes research, due diligence, transaction analysis and assessment, and structuring of funding. Manage transaction activities and plays a client interfacing role.

Key Responsibilities / Accountabilities Transaction management

  • Negotiate non-disclosure agreements with the support from Legal department
  • Ensure conflicts clearance and all other compliance-related matters dealt
  • Review the company, market and financial information and carry out any additional information and research to :
  • Assess feasibility of supporting a transaction
  • Build a bespoke financial model to determine the appropriate funding structure
  • Determine the appropriate funding structure and funding instrument together with the VP / EVP. Knowledge on the different funding instruments critical
  • OpCo Mezzanine, HoldCo Mezzanine, Equity financing
  • Loans vs. Preference Shares
  • Perform requisite valuations of equity collateral using the most appropriate method for the relevant transaction. Fluency required in DCF and multiple based valuation
  • Preparation of internal presentations outlining the transaction for senior stakeholders with guidance from VP / EVP
  • Assisting the EVP / VP with or directly engaging with the Equity Risk team on presenting the proposed transaction
  • Preparation of the pitch books for targeted client transactions with guidance from VP / EVP
  • Perform pricing analysis to assess appropriate economics for a transaction. Output to be discussed with deal team and Head of Principal Finance / Principal & Structured Finance.
  • Conduct due diligence and financial analysis on target
  • Manage input from various sources ensuring relevant information is received in line with deadlines. Understand when to manage risks relating to the availability of information self or when to escalate to the VP.
  • Preparation of committee application paper with guidance from VP / EVP
  • Support negotiations with client by assisting in preparation of documentation, data or reports where required.
  • Actively participate in preparation and negotiation of the facilities agreement and all other associated legal agreements
  • Take ownership of KYC at completion
  • Manage certain actions in the transactions by having significant ongoing interaction with stakeholders
  • Act as the deputy on the deal.
  • Origination of new transactions

  • Source, prepare and pool research on clients, clients’ industries and portfolio to identify potential transactions for PF as well as other product areas.
  • Read industry journals, magazines, newspapers and online sources to follow targeted companies and economic trends.
  • Review research offerings / briefs from research houses for information which may assist in identifying new opportunities, trends or be supportive of an existing opportunity
  • Engage with relevant areas in the bank (Coverage, Product teams, Risk) to ensure all relevant information is obtained to help identify opportunities
  • Assess allocated portfolio companies to identify opportunity or likely timing to new funding opportunity / refinance
  • Build financial models accurately and determine appropriate structures and economics for a transaction
  • Collect information and perform research on the various competitor trends both internationally and locally
  • Stakeholder engagement

  • Be sensitive to client culture and tailor solutions to suit the specific client
  • Build lasting professional relationships with stakeholders
  • Interact with other SBSA product areas to be able to provide multi-disciplinary solutions to clients.
  • Might be responsible for client onboarding
  • Attend client meetings as part of the transaction team.
  • Interact with clients at minimum on lower levels i.e. analyst, associate, VP etc. Client interaction is on average 20% - 25% of time.
  • During interactions with stakeholders i.e. the associate should start identifying opportunities
  • Coaching & mentoring junior staff

  • Coach and mentor Analysts
  • Delegate work to Analysts as and when needed.
  • Quality check work done by analysts and provide guidance on areas for improvement
  • Accessing the Bloomberg and Thomson Reuters online platform

  • Requisite skills to use Bloomberg or Thomson Reuters to extract relevant market information to support transactions (e.
  • g. analyst reports, valuation analysis of peer group, consensus forecasts)

    Portfolio management

  • Perform quarterly review and preparation of Quarterly Valuation on allocated names
  • Compliance with covenants
  • Valuation of equity
  • Assessment of equity kickers / warrants
  • Identify potential opportunities
  • Preferred Qualification and Experience Qualifications :

  • Honours' Degree : Finance and Accounting;
  • Experience :

  • 3 years' relevant investment banking or private equity experience (mezzanine debt, equity financing, private equity or corporate development roles);
  • 3 years' relevant investment banking experience conducting leverage finance and share cover financing.
  • Knowledge / Technical Skills / Expertise

  • Understanding of financial models and the ability to utilise modelling software packages
  • The ability to conduct sound analysis of individual transactions, through a thorough due diligence process (e.g. industry structure, company evaluation, cash-flow analysis, growth prospects, credit ratings, etc.).
  • The ability to conceptualise the combination of different companies, including the processes of purchasing, selling, and merging different companies, in order to create a financial or operational competitive advantage.
  • Practical understanding of the techniques to calculate the value of companies including discounted cash flows, weighted average cost of capital, corporate valuation multiples and others.
  • Ability to plan, initiate, execute, control and close projects related to a relevant function.
  • Knowledge of the financial markets for financial instruments such as futures contracts or options.
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