Junior Transaction Manager
Location: Sydney/Melbourne
Salary: Competitive
Hybrid Working
The role of Junior 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.
The business currently comprises c.550 employees who deliver a solution-based, innovative service, ensuring GLAS is the preferred global partner of choice. GLAS has a blue-chip customer base developed over many years; select clients include Apollo, Blackstone, CVC, Deutsche Bank and Goldman Sachs. GLAS has been recognised as the premier independent provider of loan agency and bond trustee services with a portfolio of over $800 billion assets across its global platform. The company is headquartered in London with offices in Paris, Frankfurt, Madrid, New York, New Jersey, Sydney, Melbourne, Brisbane, Singapore, Hong Kong and Dubai.
Reporting to the Team Leader(s) a Junior Transaction Manager is responsible for the ongoing management of a portfolio of 35-45 transactions. Junior Transaction Manager responsibilities include the timely collection and analysis of financial statements, interpretation of deal terms, and the ongoing servicing of existing clients.
A Junior Transaction Manager will collaborate with other TMG members in order to progress their understanding and knowledge of syndicated loans and leverage the Asia Pacific Loan Market Associations resources.
To be successful in your role
We are looking for a dynamic individual able to work in an entrepreneurial fast pace working environment. You will need to have strong organisational skills and be able to manage multiple priorities. Teamwork is key to being successful in the role of Junior Transaction Manager, you will need to understand the importance of teamwork, supporting colleagues and knowing when to ask for support.
Responsibilities
- Responsible for the ongoing management of a portfolio of syndicated loans in which GLAS acts as Facility Agent and/or Security Trustee.
- Ongoing review of syndicated loan and supporting finance & security documentation
- 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, utilising the Transaction Support Group (“TSG”) team where applicable
- Facilitating deal amendments and handling the collection of lender votes within required timeframes
- Facilitating obligor accessions and handling the collection of lender votes within required timeframes
- Shadow senior team member on complex transactions
- Ongoing collaboration with internal GLAS deal teams.
- Be the first point of call and therefore form an ongoing relationship with all deal counterparties including borrower firms and lender institutions
- Establish and maintain key relationships with clients and other market participants, developing the GLAS portfolio and presence
- Provision of exceptional customer service. Form an ongoing relationship with all deal counterparties, including borrowers
- Coordinate efficient completion of GLAS’s KYC processes for new obligors, including the collection of corporate formation and structure documentation and liaising with GLAS’s internal Compliance team
- Attendance at client meetings and industry conferences to assist with GLAS marketing and sales strategies
- Adhering to GLAS Policies and Procedures
- Ensuring the timely updating of OneView and Debtdomain, utilising the TSG team where applicable
- Actively participate and engage in team and company projects
Experience and Qualifications
- Confident in communicating in a professional and concise manner
- Proven experience of taking accountability for your own personal development
- We welcome graduate candidates with +2 year financial industry experience to apply or people restarting their careers
Person Specification
- Strong attention to detail and ability to work to tight deadlines
- A committed work ethic and the ability to operate with integrity
- Flexibility to adapt to the changing needs of a growing business
- The ability to represent GLAS to high standards and expectations at all times
Benefits
- Base salary + bonus
- Hybrid working
- Long service award
- Employee Assistance Program (EAP)
- Career development and study support
- Good holiday entitlement
Our people are at the heart of GLAS's success. We are committed to attracting, developing and retaining talented individuals in an environment built on inclusivity, diversity and opportunity. We believe that diverse perspectives drive innovation, encourage meaningful discussion and help us deliver the best outcomes for our clients.
We are passionate about supporting our employees' career development and long-term success. Our culture is underpinned by our core values of Excellence, Client Centricity, Collaboration and Innovation, which guide the way we work, support our clients and achieve results together.
At GLAS, we are committed to creating an environment where everyone has the opportunity to contribute, develop and thrive, regardless of background or experience. We believe that fostering an inclusive workplace strengthens our business, our people and the service we provide to our clients
Skills Required
- Graduate candidates with at least two years of financial industry experience
- Strong professional and concise communication skills
- Strong organizational skills and ability to manage multiple priorities
- Strong attention to detail and ability to meet tight deadlines
- Committed work ethic and ability to operate with integrity
- Flexibility to adapt to changing business needs
- Ability to represent the company to high professional standards
- Commitment to personal development
What We Do
GLAS was established in 2011 as an independent provider of financial administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action without causing delays and generating large legal bills. Our experienced team of market professionals and the close involvement of management personnel allows us to smooth the progress of your transaction. Today, GLAS are recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, focused on providing streamlined solutions to complex transactions with the ability to work on deals which may be in distress, pre- or post-restructuring or unusual in nature. Our Mission Our mission is to always strive to deliver professional expertise to our clients and their stakeholders so that they can achieve successful outcomes on their transactions. We will provide this through collaborative teamworking and delivery of solution based, innovative services. This will make GLAS their preferred go-to global partner of agency and trustee services. GLAS and its subsidiaries operate on one global platform with teams based in London, Manchester, Paris, Frankfurt, New York, New Jersey, Sydney, Brisbane and Singapore, ensuring 24/7 support. GLAS is a proud award winner of the ALT Credit European Services awards in 2016, 2017, 2018, 2019, 2020 and 2021.
