Empowering Africa’s tomorrow, together…one story at a time.
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 Summary
The Absa Corporate Development team is looking for a specialist to assist in the management and execution of our strategic Mergers and Acquisition (M&A) agenda and to ensure correct governance and control thereof.
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
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CA (SA) or equivalent preferred. Alternatives considered based on relevant knowledge, skills and experience.
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Essential: minimum 2 years post-qualifying experience in investment banking, corporate finance, transaction services or private equity
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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
Top Skills
What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
