Transaction Manager

Transaction Manager

Location: Paris

Salary: Negotiable  

Hybrid Working

The role of 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.850 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, Dubai, Hong Kong Rome and Milan. 

To expand our successful operation in France, we are hiring a Loan Transaction Manager in Paris. 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, coordinating 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 French (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
 

Base 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