Investment Banker: Mining RPF

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Opportunity to join Investment Banking Mining Project Finance team. Successful candidate will have relevant degree and 3–4 years’ experience in Investment banking (natural resources, project finance, or leveraged finance) with deep understanding of Mining finance, commodity finance, or structured lending. Exposure to mining transactions (debt, equity, or advisory) is strongly preferred

Transaction Execution

Support the execution of mining-related financing transactions, including:

Project finance (greenfield and brownfield developments)

Corporate and leveraged finance facilities

Structured commodity/offtake-linked financing

Manage transaction workstreams, including:

• Due diligence coordination (technical, ESG, legal, insurance)
• Financial structuring and lender engagement

Assist with preparation and review of:

• Information memorandums
• Credit papers and business committee submissions
• Financing agreements and term sheets

Financial Analysis &. Modelling

Life-of-mine (LOM) models

Cash flow forecasting based on production profiles and commodity prices

Debt sizing and sculpting

Perform sensitivities on key variables:

• Production
• Commodity prices
• Operating costs
• FX rates and inflation

Assess credit metrics and project bankability:

• DSCR (Debt Service Coverage Ratio)
• LLCR (Loan Life Coverage Ratio)
• Leverage ratio
• Interest Coverage ratio
• Breakeven prices and downside cases

Technical &. Sector Analysis

Ore body characteristics

Mine plans and production schedules

Capex and opex assumptions

Evaluate key risks:

• Geological risk
• Jurisdictional/political risk
• Environmental and ESG considerations

Track sector developments across commodities (PGMs, gold, coal, base metals, etc.)

Client Interactions

Pitch materials and financing proposals

Market updates and commodity insights

Participate in meetings with:

• Mining corporates
• Private equity sponsors
• Technical advisors and lenders

Origination & Business Development

Identify and support origination opportunities, including:

• M&A /acquisition related financing
• Project development funding
• Refinancing and extensions

Assist in developing tailored financing solutions (e.g., streaming, royalties, hybrid structures)

Team Oversight

Supervise Analysts on models and presentations

Review output for accuracy and quality

Support knowledge development within the team

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised