Afreximbank is headquartered in Cairo Egypt. Currently, they are seeking a Senior Manager Agency & Security Trustee.
Job Purpose
Reporting to the Director- Syndications, as the Senior Manager Agency & Security Trustee you will be responsible for managing the Bank’s Agency & Security Trustee functions and in line with the policies laid down by senior management, in order to ensure smooth and uninterrupted syndicated loan arrangements.
Key Areas of Responsibilities:
- Heads and provides supervisory responsibilities and functions for the Agency & Security Trustee/Agent Unit and roles of Afreximbank
- Liaison and negotiation with Arrangers, Lawyers and the originating business areas on the review and negotiation of draft term sheets and loan documentation from Agency & Security Trustee perspectives and to identify compliance and reporting obligations
- Negotiation and discussions with the various stakeholders pre and post financial close, ensuring seamless closure including meeting of agreed Conditions Precedent and or Conditions subsequent
- Ensure the on-boarding of new transactions immediately after Financial close (including KYC & KYB) and the set-up of agency systems and on the loan operations system – re debt domain, syndicated agency module etc.
- Ensure close liaison with Loan Operations with respect to Loan operations activities including drawdowns, interest, principal, fee payments, rollovers etc.
- Ensure presentation immediately after Financial Close to all stakeholders on the mechanics and the requirements/expectations in the management of syndicated deals
- Ensure adequate management of waivers, amendments requests, restructurings, events of default, acceleration etc. and in line with agreed timelines including co-coordinating responses to borrowers requests, liaison with lawyers and other professional advisers including negotiation of amendment documentation on behalf of the Agency team e.g. second checking, facility set-up, archiving etc.
- Ensure the receipt of all agreed security documents from the External Counsels including the registration and perfection of same.
- Co-ordinate and lead event driven calls with Lenders/Lawyers and borrowers including the arranging of meetings involving the various stakeholders – syndicate of lenders/borrower.
- From agency perspectives, responsible for primary syndication including the review and sign-off of documentation and system/record updates in relation to any secondary debt trade/transfers.
- Providing fee quotes for new Agency and Security Trustee roles
- Ensure adherence to the loan market standard and syndicated market practices by all within the Unit
The Success Applicant Must Meet the Following Criteria:
- At least 10 years post qualification experience with a Post-Graduate degree in Business Administration or related discipline
- Detailed knowledge and proven experience of managing syndicated loans in a fairly complex banking environment within the African Loan market (European Loan Market also will be an advantage) with LMA documentation, in line with standard and syndicated market practices
- Credit skills will be an advantage
- Leadership qualities and capabilities and ability to harness human resources for goal attainment
- Ability to communicate and function in a culturally diverse and change oriented setting with good knowledge of banking practices in Africa
- Excellent communication and presentation skills – both written and oral. Knowledge of the Bank’s other working languages is an added advantage (French, Arabic and Portuguese)
- Good analytical and numeracy skills with good working knowledge of Excel
- Ability to establish effective working relationship with Borrowers at Senior management/Board level and syndicate of lenders at very high levels
- Strong business skills including the ability to deliver solutions with commercial awareness