Corporate Development Specialist

Absa Group; Sandton; On-site; ZAR 700,000 - 900,000; Full time

Job summary

A leading African financial institution seeks a professional for their M&A team in Sandton. The role requires at least 2 years of experience in investment banking or corporate finance, strong analytical skills, and the ability to manage M&A agendas and deal negotiations. The ideal candidate is detail-oriented and possesses excellent communication skills. This position offers the opportunity to engage with various stakeholders and contribute to critical financial projects.

Qualifications

• CA (SA) or equivalent preferred.
• Minimum 2 years post-qualifying experience in investment banking or corporate finance.
• 5 years post-qualifying experience is desirable.

Responsibilities

• Develop and manage M&A agenda with senior management.
• Lead deal structuring and negotiations.
• Oversee due diligence and completion process.

Skills

Analytical and technical skills

Strong attention to detail

Problem-solving orientation

Strong communication skills

Education

Postgraduate Degree in Financial Sciences

Job description

Job Summary

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Description

You will be expected to be experienced in respect of M&A origination and execution and to be able to become familiar with Absa’s governance requirements

Key Accountabilities

Accountability: Origination

• Develop and manage the groups strategic M&A agenda in conjunction with senior management
• Build relationships with internal and external stakeholders
• Provide ongoing market coverage by business segment and by geography
• Evaluate draft acquisition / disposal / JV Business cases
• Prepare valuations

Accountability: Execution

• Oversee the due diligence process to ensure smooth execution of delivery
• Develop final acquisition/disposal/JV business cases
• Lead deal structuring from start to finish to ensure success of the deal
• Negotiate key terms and legal documentation which will be submitted to the client
• Manage the offer/bidding process
• Oversee the preparation of announcements
• Manage the resolution of Conditions Precedent
• Oversee the completion process

Accountability: Governance

• Establish and manage deal teams
• Manage insider lists
• Select, engage and manage advisors
• Implement Confidentiality Agreements
• Manage internal approval processes for acquisitions / disposals / JV’s
• Perform the M&A evaluation support function for Absa's Group Investment Committee

Accountability: Stakeholder Management

• Effectively communicate developments within areas of activity to all relevant internal and external stakeholders
• Develop and maintain good working relationships with internal and external business partners, including but not limited to all delivery channels used, group marketing, group communications. Other prospective providers etc.
• Liaise with all business partners to ensure all management information they require is provided to them timeously
• Perform all other duties as reasonably assigned

Role/Person Specification

Education and Experience

• CA (SA) or equivalent preferred. Alternatives considered based on relevant knowledge, skills and experience.
• Essential: minimum 2 years post-qualifying experience in investment banking, corporate finance, transaction services or private equity
• Desirable: 5 years post-qualifying experience in investment banking, corporate finance, transaction services or private equity

Knowledge and Skills

• Excellent analytical and technical skill set (financial analysis, valuation, due diligence, modelling and commercial documentation)
• Experience in a global investment banking environment with exposure to M&A international best practice
• Banking and insurance sector M&A experience, including African M&A experience
• Tactful and persuasive with the ability to convince minds at various levels of the organisation
• Strategic and commercial mindset
• Problem-solving / solutions oriented
• Strong attention to detail and an analytical approach
• Persistent in nature and a data-driven working style
• Ability to work in a team environment and foster knowledge sharing and mentoring of other team members
• Strong communication (verbal and written) and interpersonal skills at various levels

Competencies

• Technical Knowledge
• Business Skills
• Control Environment
• Personal & Interpersonal Skills
• Commercial Effectiveness

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised