Job description

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  • Location:
    Mumbai
  • Department:
    Operations(IBP)
  • Division:
    IBP Business Enablement
  • Employment Type:
    Full time
  • Salary:
    Competitive

Covenant Management (build, tracking, reporting) (11378)

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.


Description of role and key responsibilities

Responsible for

The Covenant Analyst is responsible for the collation and management of covenants.

Key Responsibilities:

  • Building and inputting all covenants for new loan agreements to which IBP is party into Covenant Management System ("CMS");
  • Sending reminders for covenants to client or that client's representative, in respect of any deal, prior to the due date;
  • Receiving covenants, performing measurements, managing in CMS and saving down into SharePoint (document storage system)
  • Escalating overdue covenants to the relevant desk at thirty (30) days past due;
  • Escalating overdue covenants via the "Watchlist" process at ninety (90) days past due
  • Making necessary amendments to covenant information in CMS following any refinancing/restructuring of deals;
  • Terminating covenants in CMS in the event of a prepayment/repayment of deal.
  • Managing any covenant breaches with relevant stakeholders.
  • Providing monthly MI and commentary to GLO Manco
  • Any other remediation and project related tasks as required by Transformation Team.

Core skills

  • •    Detailed knowledge of complex loan agreements 
    •    Understanding of legal and financial lending covenants
    •    Ability to understand, interpret and remediate data.

Any other attributes that would be helpful, but not essential for the role.

  • •    Strong attention to detail.
    •    Analytical mindset.
    •    Excellent communication skills with the ability to influence stakeholders and manage expectations.
    •    Strong time management and ability to prioritise. 

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!


Recite Me

We commit to ensure that everyone is fairly assessed during our recruitment process. To assist candidates in completing their application form, Recite Me assistive technology is available on our Careers pages. This can be accessed by clicking on the ‘Accessibility Options' link at the top of the page.

The Recite Me tool includes a screen reader, styling and customisation options, a series of reading aids, a translator and more.

If you have any form of disability or neurodivergent need and require further assistance in completing your application, please contact the Careers team at [email protected] who will be happy to assist. 


 
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Location
Mumbai
607, 6th Floor, The Capital, A – Wing, Bandra Kurla Complex, Bandra East, Mumbai, India, 400051
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Meet the recruiter

Santosh Siddu

LinkedIn

We commit to ensure that everyone is fairly assessed during our recruitment process.

Let us know if you need any reasonable adjustments to complete your application.

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Benefits

Pension
Private Medical Cover
Virtual GP
Gym Discounts
Psychologist Service
Annual Leave
Life Assurance
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