Transaction Manager (Loans)

Transaction Manager (Loans)

Location: Frankfurt
Salary: Negotiable
Hybrid Working

The role of Transaction Manager (Loans)

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.400 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 $300 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, Dubai and Hong Kong.

To expand our successful operation in Germany, we are hiring a Loan Transaction Manager in Frankfurt. The Transaction Manager will liaise very closely with the Transaction Management Group in London, which is GLAS’s headquarter. The Transaction Manager is responsible for managing the entire live cycle of the loan as Agent, from deal funding to loan exit. This includes reviewing and negotiating Finance- and Security Documents, co-ordinating the transaction closing process, managing waivers and consents requests and participating in loan repayments, refinancings, debt restructurings, prolongations and potential insolvencies. The Transaction Manager is responsible for a specific loan portfolio and is the primary contact for any borrowers, lenders and advisors for all ongoing non-operational matters.

To be successful in your role

We are looking for a dynamic individual able to work in an entrepreneurial fast pace working environment. To be successful in this role you are an effective communicator with excellent communication skills both in English and German (written and verbal). As Loan Transaction Manager you have a “can-do” and problem-solving attitude and are keen to learn and to progress your career. You are eager to stay up to date on industry financing trends and regulatory changes. Any experience in Capital Markets transactions is a plus, but not essential.

Responsibilities

• Reviewing and negotiating a wide range of Finance Documents in close cooperation with internal and external legal Counsels (Credit Agreements, Intercreditor Agreements, Security Documents, Subscription Agreements, etc.)
• Managing the entire deal closing process with internal departments and all external participants (Legal Counsels, Client Services, Compliance, Borrowers, Sponsors, Lenders, Advisors)
• Managing the funding process for new loan transactions or bond issuances as Agent including reviewing and commenting on Deal Fund-Flows
• Reviewing Risk-Free-Rate replacement mechanics (LIBOR)
• Managing and executing Utilisation Requests as Agent throughout the entire live cycle of the transaction
• Managing and co-ordinating loan waiver and consent requests under the Credit Agreement with all participants and arranging for appropriate Lender voting
• Managing loan exits and complex loan events (repayments, refinancings, debt restructurings, prolongations, insolvencies)
• Monitoring margin rachet events and loan covenants throughout the live cycle of the loan
• Managing and actioning any corporate actions
• Attending Industry events and maintaining and building strong relationships with banks, investment banks, debt & equity funds, sponsors, law-firms, debt advisors, etc

Person Specification

• Strong attention to detail and ability to work to tight deadlines
• 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

Salary + bonus
Hybrid working
Long service award
Career development and study support
Good holiday entitlement

It’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