Associate Director
Main Objectives/Job Summary:
*Primary point of contact for communication between the borrower and the syndicate for the assigned portfolio
*Monitoring project documentation on behalf of the Syndicate and ensuring covenant compliance is received and distributed on time
*Ensuring receipt and safe keeping of all relevant transaction documentation
*Handle and coordinate waivers as well as consent requests
*Assist in closing new deals and secondary trades as well as coordinating decision making within the Syndicate
*Approve payments, drawdowns and distributions
*Communicate & distribute information to relevant parties
Key Duties and Responsibilities:
*Liaising with borrowers, advisors, and syndicate banks as well as with internal departments, draft correspondence and arrange conference calls and meetings.
*Handling waiver and consents requests
*Set up new transactions (compliance diary, transaction summary, account mandates)
*Review documentation
*Ensuring on new transactions all CPs are met and monitor receipt of CSs post close
*Ensuring receipt and safe keeping of all transaction documentation
*Monitoring and updating the covenant compliance diary in accordance with the facility documentation
*Ensure all covenant compliance and reporting is received on time, reviewed, distributed, and flagged for further attention as required
*Review and approve requests for payments drawdowns & distributions in line with documentation, financial models and budgets
*Monitoring of project accounts and ensure distribution of statements
*Provide monthly reports on progress of the portfolio
Key Skills and Experience required:
*Bachelor’s degree and/or equivalent level of relevant industry experience.
*Experience in handling Agency mandates and syndicated transactions containing various borrowers, lenders, stakeholders
*Experience in coordinating distressed assets and restructurings appreciated
*Solid understanding of Project Finance
*Excellent communication and problem solving skills in a multi-cultural and multi-language environment
*Flexible team player with very efficient time management and ability to coordinate larger groups of stakeholders
*Diligence and accuracy
*PC literacy (Advanced MS-Office know-how, Debtdomain and inhouse applications where required in the workflow)
*Business fluent in English, any other European language – especially German – would be appreciated