Transaction ManagerGlobal Loan Agency Services Limited Melbourne, Australia
Transaction Manager
Location: Melbourne, Australia
Salary: Competitive
Work Type: Hybrid Working
The role of a Transaction Manager
GLAS is an international provider of institutional debt administration services, serving lenders, borrowers, issuers, and advisers offering a global platform across Loan Agency and related services, Capital Markets and Restructuring.
GLAS' vision is to be recognised as the best-in-class independent, non-creditor, conflict-free provider of institutional debt administration services, enabling global clients and counterparties to achieve successful outcomes on their transactions.
Transaction Managers provide high-level transaction management services across a portfolio of diverse transactions in relation to GLAS's role as a provider of agency, trustee and finance administration services.
ResponsibilitiesTo be the primary contact on an allocated portfolio of transactions.Establish and maintain key relationships with clients and other market participants, helping to develop the GLAS Australia's portfolio and presence.In conjunction with the internal legal team, perform a high-level review of syndicated loan and security documentation from an operational perspective.To co-ordinate and to act as a liaison point between finance parties during the term of a transaction.To ensure all conditions precedent have been confirmed by legal and lenders as required and notify all finance parties prior to first utilisation.To monitor ongoing conditions subsequent.To approve utilisation requests prior to processing where conditions subsequent apply.Coordinate efficient completion of GLAS's KYC processes, including collection and understanding of corporate formation and structure documentation, and liaising with GLAS's internal Compliance team.Establishment and ongoing maintenance of internal transaction databases.Covenant monitoring through the collection and analysis of financial statements and information, with immediate distribution and posting of required documentation to the wider lender group via Debtdomain.Coordinating waivers and amendments to existing documentation in consultation with borrowers, lenders, lenders legal and lenders advisors where appropriate.Management and coordination of finance party accessions.Managing and organising the daily workload ensuring activities are performed within defined deadlines.Collaborating and coordinating with team members to cover all operational aspects of loan closing processes.Working with the team Manager, developing processes and procedures.Escalating any issues or complaints in a timely manner.Person SpecificationSolid knowledge and experience as facility and security agent.Loan documentation review experience.Good understanding of funding mechanics.Strong relationship management skills.A can-do and resourceful attitude with a commitment to critical and flexible thinking.The ability to ask the right questions and self-supervise.Professional approach.Ability to work under pressure.Organisational and time management skills.Excellent attention to detail.Skills and CompetenciesCustomer service focused: committed to providing exceptional customer service across all channels - written, phone and face to face.Communication: the ability to communicate clearly and concisely.Attention to detail: excellent attention to detail and written skills when communicating with others, both internally and externally.Commerciality: ability to apply knowledge in a practical, commercial manner.Teamwork: willingness to assist and support others as required and get on with team members.Time management/organisation: accomplish objectives effectively within time frame given and carry out duties in an efficient and timely manner.BenefitsBase salary + bonusHybrid workingLong service awardEmployee Assistance Program (EAP)Career development and study supportGood holiday entitlementIt's our people who make GLAS successful and we strive to recruit and retain the best people and operate in an environment underpinned by inclusivity, diversity, and opportunity. We recognise that a more inclusive workplace allows ideas and a variety of points of view to trigger discussions or deliver innovative results.
Besides, we want people at GLAS to be successful - we are committed in your career development. We truly believe in and live by our values of stepping in, stepping up and standing out.
In addition to our commitment to a diverse workforce we are also happy to talk about flexible working to support.
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