Jobs
Vacancy at Stanbic IBTC Bank for an Associate, Real Estate Finance
Stanbic IBTC Bank is a leading African banking group focused on emerging
markets globally. It has been a mainstay of South Africa's financial
system for 150 years, and now spans 16 countries across the African
continent.
Standard Bank is a firm believer in technical innovation, to help us
guarantee exceptional client service and leading edge financial
solutions. Our growing global success reflects our commitment to the
latest solutions, the best people, and a uniquely flexible and vibrant
working culture. To help us drive our success into the future, we are
looking for resourceful individuals to join our dedicated team at our
offices.
We are recruiting to fill the position below:
Job Title: Associate, Real Estate Finance
Job ID: 22499
Location: Lagos Island
Job Details
- Investment Banking provides clients with a range of advisory and
financing solutions. Specialising in high-growth emerging markets, our
expert advisers work on mergers and acquisitions, capital restructurings
and empowerment deals, as well as arranging finance for acquisitions,
client projects and property transactions.
Job Purpose
- To provide support to Senior colleagues and Unit Heads for all
administrative aspects involved throughout the entire Real Estate
finance value chain process (i.e. advisory, origination, debt
structuring, execution and closing of projects)
Key Responsibilities/Accountabilities
- Assist in developing financial advisory and / or debt arranging mandates for identified opportunities;
- Developing and manipulation of excel spreadsheets and other comprehensive financial models for Real Estate finance transactions;
- Assist in undertaking data gathering for model / spreadsheet
inputs and working alongside relevant consultants in finalizing Base
Case models for debt funding transactions;
- Assist in undertaking financial analysis of company / projects
and project financial statements and preparing brief internal reports
based on findings;
- Assist in developing and completion of project deliverables
(i.e. Information Memoranda, Project Timetable, Financial Models,
Investment Teasers, Term Sheets, etc);
- Working in conjunction with other team members in putting
forward innovative financing solutions to clients, the bank’s senior
management and colleagues;
- Preparing transaction summaries identifying key follow-up and
monitoring steps after transaction closing for the benefit of other
business groups;
- Establishing, developing and maintaining relationships with
existing and potential clients and accompanying other senior members of
the bank at client meetings;
- Preparing and distributing client Calling Reports in a timely manner;
- Assist in handling client correspondence/contact/relationship from an office management perspective
- Assist in developing scopes of work / terms of reference for
Technical, Legal, Valuation, Insurance and other relevant consultants
required for validating project and company assumptions;
- Assist in preparing presentation materials and presenting deal
structures to other units within the bank, at client marketing pitches
and to co-financiers and investors;
- Assist in submitting Work In Progress Reports to senior management located in Nigeria and South Africa;
- Assist in undertaking “high-level” review of project documents in coordination with relevant consultants;
- Monitoring and following up on deliverables being prepared by consultants assigned to transactions;
- Assist senior members of the department in day-to-day work as delegated and carrying out other duties as required by the job;
- Provide guidance to junior members of staff in undertaking their duties;
- Provide support in allocation tasks to junior members of staff;
- Preparing files as to be ready for the annual audit process and
assist in discussing, responding and reacting to comments raised by the
Audit division;
- Keeping abreast of developments in the local, regional and international Real Estate finance market;
- Ensure that the policies and procedures of the bank are being followed.
Key Performance Measure
Financial:
- Assists in providing support for the preparation of business plans and budgets on a unit and department basis;
- Assist in contributing to and delivering financial targets on
transactions as agreed with the line manager, personal objectives and
Key Result Areas.
Customer:
- Perform calls to existing and potential customers to follow up
on opportunities and support in the presenting of the bank’s
credentials;
- With guidance from the respective unit head and senior
colleagues, interact on a select basis with clients on mandated
transactions until project achieves financial closing;
Internal Process:
- Assist in preparing and reviewing memos and proposals;
- Working with the Unit Head to ensure that all compliance issues (i.e. KYC etc) are suitably addressed;
- Keeping the Transaction Management Unit fully up to date on transactions prior to hand-over at financial close;
- Working alongside the Transaction Management Unit in attending general asset monitoring requests;
- Ensure that the policies and procedures of the bank are being followed;
- Assist in identifying, pursuing and executing agreed business in
a professional manner and within the framework as set out by the bank;
- Assist in preparing transaction summaries, assist in identifying
key follow-up and monitoring steps in co-ordination with the
Transaction Management Unit after transaction closing;
- Taking guidance and liaising with Legal and Risk Officers to
ensure all necessary documentation on transactions are suitably
addressed;
- Assist in providing clarifications and responding / reacting to comments received from the Audit Division;
- Assist unit head and colleagues in the day-to-day work as delegated.
Preferred Qualification and Experience
- Bachelor or Masters Degree with minimum of Second Class Upper
division (2:1) in Real Estate Development or Finance, Built Environment,
Economics, Banking & Finance or other related subjects; In
addition, CFA accreditation would be useful.
- Professional membership of real estate bodies such as RICS, ULI etc., would be useful;
- The job holder is expected to understand the general dynamics of the Nigerian Real Estate finance market;
- The technical skills required for the role will include computer
literacy, particularly with Microsoft Word, Excel and Power Point.
Experience:
- The job applicant should have between 4 - 6 years related work experience, preferably from a finance/ real estate background.
Knowledge/Technical Skills/Expertise:
- The technical skills required for the role will include computer
literacy, particularly with Microsoft Word, Excel and Power Point.
How to Apply
Interested and qualified candidates should:
Click here to apply
Application Deadline: 15th April, 2017.