The Originator will work within a team of 4 originators based in London and reporting to a Team Head. The team is part of DOD - Acquisition Finance & Advisory (“AFA”) which combines Corporate Acquisition Finance solutions and Rating & Capital Advisory services.
London AFA Originators will mainly cover the U.K., Russia and the Middle East, and will be staffed in accordance with workload across the team and the development of the originators’ skill set and knowledge.
1. Corporate Acquisition Finance
Marketing & Structuring
˗ Preparation and production of Acquisition Finance & Advisory pitch books for corporate clients in liaison with other business lines (DCM, ECM, GIB and DOD Distribution & Origination teams)
˗ Financial modelling, including cash flow analysis & financial projections
˗ Proposition of financing structure (tranching, pricing, main covenants)
˗ Participation to client meetings with Senior Banker(s) and other relevant colleagues
Transaction Management & Execution
˗ Preparation of the business opportunity memorandum ("BOM") to be submitted to General Management
˗ Preparation of transaction requests (risk analysis, peer analysis, transaction structure, transaction profitability, production of bank and stressed business cases, etc.) and coordination of the credit process (liaison with RPC, CPM/ALM, Coverage)
˗ Preparation of syndication materials (information memorandum, bank presentations)
˗ Production and review of loan documentation (term sheets, mandate letters, facility agreements)
˗ Follow established CAF procedures and relevant DOD procedures
2. Rating & Capital Advisory
Support RCA Senior Advisors with a view to originating and executing financial advisory mandates. In practice this will include:
˗ Analyse companies’ business model, capital structure, financial policy
˗ Position and benchmark the companies within their peer group within the industry / close industries
˗ Assess their credit risk based on Rating Agencies’ methodologies
˗ Elaborate financial model and measure the impact of alterations of the business perimeter, capital structure, funding, financial policy, liquidity, etc.
˗ Determine and optimise the debt capacity given rating constraints / targets and propose actions on how to meet the companies’ objectives in terms of cost of capital / financial policy
˗ Help clients define the best strategy to secure adequate ratings
˗ Pitch and execute Rating Advisory missions, in order either to get an inaugural rating or to optimize existing ratings and therefore improve companies’ access to DCM / debt capacity
˗ May be staffed in accordance with the workload on a need basis without sectorial specialization.
Key Internal and External contacts
˗ Coverage bankers, SCOs and SROs
˗ Business lines (GIB, SFI, GMD, ITB, DOD)
˗ Clients (CEOs, CFOs, Treasurers, Investor Relations, etc.)
˗ Rating Agenci