PUBLIC INVESTMENT CORPORATION (PIC) Public Investment Corporation SOC Ltd Private Bag X187 Pretoria 0001 Republic of South Africa The Public Investment Corporation (PIC) invests funds on behalf of public sector entities including the Government Employees Pension Fund. The organisation is the largest investment manager in the country and the continent. Applications are invited from dynamic individuals for the following challenging positions: DEVELOPMENT MANAGER (24 MONTHS FIXED TERM CONTRACT) Grade: D1 – D5 (Ref: DEVM002) Salary: All-inclusive remuneration package negotiable Centre: PIC Properties division, Pretoria Requirements: • Honours BSc Property studies, Quantity Surveying, Civil Engineering degree or relevant equivalent qualification • Minimum 5 - 7 years’ relevant experience within the Property Industry • FAIS RE 05 Certificate or must be obtained within 6 months of employment • Financial Model and Cost Management Knowledge • Technical Knowledge in Asset Management • Strong market research capability Duties: • Support the sectors to enhance the value of the portfolio by successfully managing and delivering superior developments, which are exceeding industry standards • Develops and manages strong client relationship and industry networks to maximize development opportunities • Manage development within agreed program, quality standards and within budget parameters • Analyse and manage new development opportunities to maximise the returns for PIC • Assessment of the existing portfolio and identification and implementation of refurbishment and redevelopment opportunities • Value engineering of developments or redevelopments concepts and refinement to ensure future-proofing of the investments • Implement best practices in relation to the appointment of professional teams/contractors and keep abreast of market trends and best practice • Manage and direct the development team to ensure that the migration solution complies with internal and external clients’ needs and to provide on-going leadership and mentoring; define the performance parameters of team and measurement of areas under supervision • Monitor developments/team to ensure compliance with all statutory, building regulations and procurement guidelines • Implement “Green” and sustainability principles to developments and responsibly manage any direct impacts that we might have on communities and the environment. • Ensures the drafting and signing of all necessary contracts in collaboration with the Legal Department. Competencies and skills: • Excellent communication skills • Negotiation Skills • Organisational Leadership skills • Time management • Performance and result-oriented • Ability to deal with pressure/stress • Cost-consciousness (budgeting) • Stay abreast of the latest property trends • Stay abreast of the latest property law • Problem-solving • Customer service orientated • Analytical thinker • Initiating action The incumbent must be willing to travel to Cape Town. With the PIC having topped the R2.5 trillion mark in assets under management and in the process of entering the global investment market, it is the best asset manager any serious professional would want to be associated with. It is also one of the better places from which one can serve South Africa. Closing Date: 17 October 2023 PIC is an equal opportunities employer and as such appointments will be in line with the PIC Employment Equity plan. Please forward copies of your comprehensive CV’s to Recruitment4@pic.gov.za * Grade range is from D1 – D5 commensurate with applicable minimum requirements. Privacy Notice: By submitting your job application, you consent to PIC’s processing of your personal information for the purposes of assessing your job application. PIC will process your Personal Information in accordance with applicable laws and the PIC Privacy Policy available here (www.pic.gov.za). You are free to withdraw your consent at any time, after which, PIC may no longer be able consider your job application
FUND MANAGER (INDIRECT INVESTMENTS) Grade: E2 – E4 (Ref: FNM001) Salary: All-inclusive remuneration package negotiable Centre: PIC Properties division, Pretoria Requirements: • Honours degree in Property Studies or equivalent qualification • Minimum 6 – 8 years’ experience within the Property Asset Management Industry • FAIS RE 05 Certificate or must be obtained within 6 months of employment • Knowledge of Property Management, Property Law, Accounting and Property Market • Knowledge of Credit Risk Assessment • Knowledge of Financial Analysis and Interpretation Duties: • Maximise the value of the portfolio in order to meet and exceed benchmark returns on portfolio • Ensure sustainable net income and capital growth • Management of risk measures (equity and debt exposures) • Manage portfolio efficiency – financial and social impact measures • Manage risk to ensure the stability of cash flow • Enhance the performance of all investment properties within the portfolio as part of value creation initiatives • Ensure effective financial performance reporting to internal governance structures • Consolidate, analyse and report on Key Performance Data regarding the portfolio • Accurately report on various matters • Make investments decisions • Management and monitoring of performance of staff in line with KPI’s Competencies and skills: • Excellent communication skills • Negotiation Skills • Organisational Leadership skills • Time management • Performance and Result oriented • Ability to deal with pressure/stress • Cost-consciousness (budgeting) • Stay abreast of the latest property trends • Stay abreast of the latest property law • Problem-solving • Customer service orientated • Management Skills • Analytical thinker With the PIC having topped the R2.5 trillion mark in assets under management and in the process of entering the global investment market, it is the best asset manager any serious professional would want to be associated with. It is also one of the better places from which one can serve South Africa. Closing Date: 17 October 2023 PIC is an equal opportunities employer and as such appointments will be in line with the PIC Employment Equity plan. Please forward copies of your comprehensive CV’s to Recruitment4@pic.gov.za * Grade range is from E2 – E4 commensurate with applicable minimum requirements. Privacy Notice: By submitting your job application, you consent to PIC’s processing of your personal information for the purposes of assessing your job application. PIC will process your Personal Information in accordance with applicable laws and the PIC Privacy Policy available here (www.pic.gov.za). You are free to withdraw your consent at any time, after which, PIC may no longer be able consider your job application
SENIOR MANAGER: DIRECT INVESTMENT Grade: E4 – F1 (Ref: SM_DI014) Salary: All-inclusive remuneration package negotiable Centre: PIC Properties division, Pretoria Purpose of the role: To oversee property portfolios of both direct assets and investment vehicles pertaining to the directly held portfolio. To combine the strategic day to day running of the portfolio along with driving the added value initiatives, through development, acquisition and disposal, and reporting to the client. Requirements: • Honours BCom Finance degree or equivalent qualification (NQF level 8) • Relevant MComm, MBA or MSc in Real Estate would be advantageous • Minimum 10 - 12 years’ experience within the Property Investment Industry in Senior Management with at least 5 years’ experience in managing direct reports • Knowledge of Property Asset Management, Property Management, Property Law, Property Development, Property Acquisition & Disposal, Accounting and performance calculation • Sound, Strong and Ethical Leadership • FAIS RE 05 Certificate or must be obtained within 6 months of employment Duties: • Effective management and oversight of property portfolio of direct assets and related investment vehicles • Ensure achievement of market-related returns on investments and on the existing portfolio • Growth and Development of the portfolio in line with the requirements of the mandate and strategy • Unlocking value for clients through underlying asset strategies • Manage risk to ensure the stability of cash flows • Initiation of effective internal business processes and procedures for the achievement of better efficiencies • Accurately report to Board, and relevant committees • Oversight and development of investment strategies at a building and portfolio level • Oversight and implementation of sustainable initiatives to drive efficiencies at a building and portfolio level • Effective stakeholder management of Property Management function to ensure effective management of portfolio assets are performed • Effective oversight and management of the Asset Management and Development Team to ensure that new and refurbished buildings are • Effective management and oversight of Property Budgets • Management and Monitoring of performance of staff in line with KPI’s Competencies and skills: • Excellent communication skills • Negotiation Skills • Time management • Performance and Result oriented • Ability to deal with pressure/stress • Cost-consciousness (budgeting) • Problem-solving • Customer service orientated • Management Skills • Organisational Leadership • Analytical thinker With the PIC having topped the R2.5 trillion mark in assets under management and in the process of entering the global investment market, it is the best asset manager any serious professional would want to be associated with. It is also one of the better places from which one can serve South Africa. Closing Date: 17 October 2023 PIC is an equal opportunities employer. Please forward copies of your comprehensive CV’s to Recruitment4@pic.gov.za * Grade range is from E4 – F1 commensurate with applicable minimum requirements. Privacy Notice: By submitting your job application, you consent to PIC’s processing of your personal information for the purposes of assessing your job application. PIC will process your Personal Information in accordance with applicable laws and the PIC Privacy Policy available here (www.pic.gov.za). You are free to withdraw your consent at any time, after which, PIC may no longer be able consider your job application. FUND FINANCIAL ACCOUNTANT (INVESTMENT FINANCE - UNLISTED) Permanent Job Grade: *D1-D5 (Ref: FA006) Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria Requirements: • Degree in Accounting or equivalent • SAICA Articles • An Honours Degree in Accounting or equivalent is preferable • 2 - 5 years of relevant working experience Duties: • Ensure all transactions are processed accurately and timeously on the reporting systems. • Ensure reconciliations are cleared timeous as per policy and procedure manual. • Ensure corporate actions are accurately accounted for on the system. • Ensure all prices are verified and loaded onto the reporting systems. • Perform analytical reviews of reconciliation discrepancies and exceptions. • Provide accurate and timely client portfolio and ad-hoc reporting to internal and external stakeholders. • Provide assistance, guidance and mentoring to fund accountants. • Assist in the management of internal and external audits. • Releasing of unlisted investment payments on the payment system. Knowledge: • MS Office including advanced Excel, • Knowledge of International Financial Reporting Standards (IFRS), Generally Recognised Accounting Practice (GRAP), Income Tax, Public Finance Management Act (PFMA) and Companies Act • Project management and people management • Asset management industry knowledge Competencies and skills: • Interpersonal skills • Analytical skills • Coping with Pressure • Time Management and prioritization • Problem-solving • Meticulous attention to detail • A strong focus on meeting deadlines is essential With the PIC having topped the R2.5 trillion mark in assets under management and in the process of entering the global investment market, it is the best asset manager any serious professional would want to be associated with. It is also one of the better places from which one can serve South Africa. Closing Date: 16 October 2023 PIC is an equal-opportunity employer. Please forward the copies of your comprehensive CV’s to Recruitment2@pic.gov.za *Grade range is from D1 – D5 commensurate with applicable minimum requirements. Privacy Notice. By submitting your job application, you consent to PIC’s processing of your personal information for the purposes of assessing your job application. PIC will process your Personal Information in accordance with applicable laws and the PIC Privacy Policy available here (www.pic.gov.za). You are free to withdraw your consent at any time, after which, PIC may no longer be able consider your job application.
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