Investor Relation Associate Corporate Finance is to ensure compliance with financial covenants in debt agreements by tracking analyzing and monitoring key financial ratios. The Associate is also expected to maintain an uptodate database of loan covenants identifying potential breaches and escalating risks with recommended actions while coordinating with internal departments for timely submissions of all required reports.
Covenant Tracking & Compliance Monitoring
- Track and analyze financial covenants in debt agreements to ensure ongoing compliance.
- Review loan agreements and identify key financial covenants terms and conditions.
- Calculate and monitor key financial ratios such as debttoequity interest coverage and liquidity ratios as specified in loan agreements.
- Monitor and verify compliance with covenant requirements ensuring timely identification of potential breaches and assessment of potential risks.
- Provide insights and recommendations on maintaining compliance with financial covenants.
Database Management & Compliance Deadlines
- Maintain an uptodate database of loan covenants key terms and compliance deadlines.
- Ensure all covenantrelated data is accurately recorded and accessible for internal and external reporting.
- Track and update covenant status regularly flagging any approaching deadlines or risks of noncompliance.
Risk Identification & Escalation
- Identify potential covenant breaches early and assess their financial and operational impact.
- Escalate compliance risks to the Corporate Finance Manager along with recommended corrective actions.
- Support the development of risk mitigation strategies to address potential breaches.
Covenant Compliance Reporting
- Prepare and submit covenant compliance reports to relevant stakeholders including lenders auditors and internal management.
- Ensure reports are accurate welldocumented and submitted within specified deadlines.
- Respond to inquiries from lenders and auditors regarding covenant compliance and financial ratios.
CrossDepartmental Coordination
- Collaborate with Finance Treasury and Legal teams to ensure the timely collection and submission of financial data for compliance reporting.
- Facilitate discussions between internal stakeholders to address covenantrelated concerns and ensure alignment on reporting requirements.
- Support negotiations with lenders by providing accurate covenant compliance data and insights.
Requirements
. in Accounting Economics Banking & Finance.
Professional qualifications such as ACA ACCA or CFA are an added advantage.
Strong computer literacy is essential with advanced proficiency in Microsoft Excel.
A minimum of 4 to 5 years of relevant working experience in corporate finance and/or Development Finance Institution (DFI) financial covenant tracking.
Indepth knowledge of Nigerian Accounting Standards and International Financial Reporting Standards (IFRS).
Advanced user of Microsoft Excel.
Strong analytical skills and the ability to interpret complex financial data.
Proficiency in financial modelling and data analysis.
Excellent communication skills. Strong interpersonal and relationshipbuilding skills.
High level of attention to detail.