PUBLIC INVESTMENT CORPORATION (PIC) Public Investment Corporation SOC Ltd Private Bag X187 Pretoria 0001 Republic of South Africa
The Public Investment Corporation (PIC) manages investments on behalf of the Government Employees Pension Fund, Unemployment Insurance Fund, Compensation Fund and other public sector entities. The organisation is one of the largest investment managers in the country and on the African continent. Applications are invited from dynamic individuals for the following challenging position: PORTFOLIO MANAGEMENT AND VALUATION ASSOCIATE (ISIBAYA) X2 (Ref: PMVAI021123) Job Grade: *D1-D4 Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria REQUIREMENTS: Minimum Qualifications: • B Commerce Degree (finance or legal) or any other relevant commerce or science degree • 4-5 years relevant experience in unlisted investments (Deal-making or advisory) • Knowledge of Credit Risk Assessment • Knowledge of Financial Analysis and Interpretation • Experience in Investment Analysis and Financial Modelling • FAIS RE5 Certificate or must be obtained within 6 months of employment Preferred Qualifications: • Post Graduate Degree (finance or legal) or any other relevant commerce and science degree Minimum Technical/Core Skill Requirement • Credit risk assessment • Financial analysis and interpretation • Performance measuring (IRR, MM) • Business Report writing • Presentation skills • Strong financial modeling skills • Deal-making experience (Debt, equity and/or quasi-equity) • Portfolio management (unlisted investments) • Portfolio company value addition GENERAL ACCOUNTABILITIES: • Assume full responsibility for the allocated portfolio companies from the transaction team to exit. • Monitor all investments quarterly (compliance and performance) in accordance with monitoring processes, policies, guidelines, frameworks and practices. • Oversee disbursements to approved projects as well as monitor a project's progress post-investment • Compile and present monitoring reports to PIC committees and other stakeholders • Provide early warning signals for investments with high probability of default • Conduct portfolio company visits and maintain ongoing interactions with the portfolio companies. • Assist in scoping and conducting due diligence or independent business reviews • Assist in the negotiation, structuring and review of legal agreements • Restructuring of transactions • Identify risk and opportunities in portfolio companies and implementation of mitigating strategies • Undertake continuous research and provide recommendations on significant developments, emerging opportunities and challenges in sector of focus. • Assist in valuations of investee company • Development and implement post-investment plan for the portfolio companies • Development and maintenance of investment models, portfolio data, and supporting analytics; • Unlocking value in portfolio companies with portfolio company executives and other members of the PMV team in line with the PIC value creation framework • Conduct detailed financial analysis of investments • Stay abreast of developments in the industry sectors portfolio companies operate in • Contribute to knowledge management process (development of lessons learnt and best practices) • Design and implement exit plans for investment companies • Networking, liaising, and maintaining relationships with key internal and external stakeholders COMPETENCIES: • Excellent communication skills (oral and written) • Negotiation skills • Self-starter • Problem-solving skills and ability to innovate • Interpersonal skills • Planning and organising • Work efficiently under pressure and ability to meet tight deadlines Performance and result-oriented • Strong quantitative and qualitative analytical skills to make sound investment decisions • Willingness to share information, teach and learn from others- A team player. The PIC assets under management are nearly R2.6 trillion across listed and unlisted investments. The firm prides itself in its diversity, excellence, and commitment to contribute positively to society in all its activities. The PIC offers unparalleled exposure to investment markets, industries, sectors and is globally recognised as a leading investment firm when it comes to Responsible Investing. If you are dynamic, resilient, agile, disciplined and committed to making a difference - we look forward to your application. Closing Date: 09 November 2023 PIC is an equal opportunities employer and as such appointments will be done in line with PIC’s Employment Equity Plan. Please forward a copy of your comprehensive CV quoting “PMVA021123” to Recruitment6@pic.gov.za * Grade range is from D1 – D4 commensurate with applicable minimum requirements. 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
The Public Investment Corporation (PIC) invests funds on behalf of public sector entities including the Government Employees Pension Fund. The organization is the largest investment manager in the country and the continent. Applications are invited from dynamic individuals for the following challenging position: SENIOR ANALYST: PERFORMANCE & ATTRIBUTION Job Grade: D3 – D5 (Ref: SAPA001) Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria Requirements: • Postgraduate degree in commerce, science or any related equivalent qualification. • CFA, CIPM and/or equivalent advantageous • 5 - 8 Years relevant experience • FAIS RE 05 certification or must be obtained within 6 months of employment. Duties: • To implement performance and attribution management practices within the PIC. • Monitoring of performance and attribution compliance with mandates and policies. • Perform and manage the data reconciliation process between the source system and performance measurement and attribution system. • To calculate and monitor the performance and attribution of PIC’s investment portfolios. • Identify sources of portfolio outperformance or underperformance through performance attribution analysis. • Measure and report on portfolio performance versus stipulated benchmark timeously on a monthly and quarterly basis. • Compilation of performance reports for internal and external stakeholders (e.g., management and clients). • Presentation of performance reports to internal and external stakeholders. • Maintenance of performance and attribution systems. • GIPS compliance monthly maintenance. • Lead, mentor and develop graduates and analysts in Performance and attribution. Competencies and skills: • Ability to work in a highly pressurized environment. • Proactive and strategic thinking. • Performance and Attribution skills. • Financial Industry knowledge and experience. • Valuation techniques. • Compliance management. • Financial & Accounting knowledge. • Risk management. • Information Systems knowledge. • Need a basic understanding of the macro environment and the interrelation between various disciplines and its impact on portfolio performance. • Moderately technical environment. • Problem-solving skills. • Attention to detail. • Creativity and Innovation. • Good communication skills both verbal and written. 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. PIC is an equal opportunities employer and as such appointments will be in line with the PIC Employment Equity plan. Closing Date: 07 November 2023 Please email a copy of your comprehensive CV to Recruitment4@pic.gov.za * Grade range is from D3 – 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.
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 position: SENIOR MARKET RISK ANALYST (X2) Job Grade: E1 – E4 (Ref: SAMR_001 & SAMR_002) Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation Risk division, Pretoria Requirements: • Postgraduate degree in commerce, science or any related equivalent qualification • CFA, FRM, PRM and/or equivalent advantageous • 6 – 8 years of relevant experience • FAIS RE 05 certification or must be obtained within 6 months of employment • Sound understanding both in terms of depth and breadth of financial risk management principles Duties: • To provide expert advice on processes and methods to identify, analyse, measure, evaluate, monitor and regularly report investment risk for listed asset classes periodically • Subject matter expert on listed portfolio investment risk and performance management • To implement effective liquidity risk management practices within the PIC • Monitoring of market and liquidity risk compliance with mandates, deal agreements, policies, and processes • Periodic valuation of financial instruments, derivates and other structured investment products • Compilation of risk and portfolio analysis reports for internal and external stakeholders (e.g., management and clients) • Presentation of risk reports to internal and external stakeholders • Periodic portfolio analysis (e.g., stress-testing) (daily, monthly, as required) • Adherence and maintenance of market risk policies and guidelines, and risk register to ensure that risk management controls remain robust. • Lead, mentor and develop graduates and analysts in the Market Risk division Competencies and skills: • Strong financial analytical skills • Strong quantitative skills • Knowledge of risk management systems (e.g. MSCI Barra, Bloomberg) • Advanced Excel, MS Access and VBA skills • Knowledge of Matlab, SAS and/or R • Knowledge of risk management principles and practices • Asset management and/or financial services knowledge and experience • Strong valuation capabilities (listed and unlisted instruments) • Strong financial modelling capabilities (build, maintain and validate models) • Ability to work in a highly pressurized environment • Compliance management • Pro-active and strategic thinking • Information systems • Inter-personal relations • Creativity/innovation • Project management skills (for market risk project implementation) • Excellent communication skills, both verbal and written • Ability to communicate with senior management • Strong presentation skills (verbal and written) 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. PIC is an equal opportunities employer and as such appointments will be in line with the PIC Employment Equity plan. Closing Date: 09 November 2023 Please email a copy of your comprehensive CV to Recruitment4@pic.gov.za * Grade range is from E1 – 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. 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 position: SENIOR CREDIT RISK ANALYST (X2) Job Grade: E1 – E4 (Ref: SCRA001 & SCRA002) Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation Risk Management division, Pretoria Requirements: • Postgraduate degree in commerce, science, engineering or any related equivalent qualification • CFA, FRM, CAIA, CA(SA) and/or equivalent advantageous • 6 – 8 years investment risk management experience • FAIS RE 05 certification or must be obtained within 6 months of employment • Sound understanding both in terms of depth and breadth of financial risk management principles • Credit risk experience in both unlisted and listed credit is highly advantageous. Duties: • To manage credit risk by way of identifying, quantifying, and reporting on various forms of credit risk (e.g. pricing, volatility, and interest rate risk). • To provide subject matter expertise on the risks factors that affect one or more of the asset classes that are managed by the PIC. • Advise investment teams on appropriate pricing terms, structuring, credit enhancement or risk mitigation strategies. • To run with pilot/research projects related to improving ways of measuring, managing and/or minimizing investment risk while ensuring maximized return on all PIC portfolios. • Prepare Credit reports, determine the credit risk rating of new counterparties, recommend appropriate debt pricing, and make investment recommendations with respect to the individual transactions to management and clients. • Review existing investment credit ratings and conduct impairment calculations. • To implement effective investment/credit risk management practices within the PIC. • Lead, mentor and develop graduates and analysts. Competencies: • Strong Valuation techniques for various asset classes (listed, unlisted and property assets) • Strong Credit risk evaluation skills for various asset classes (listed, unlisted and property assets) • Strong restructuring skills • Compliance management • Sound understanding of Risk management principles, standards and practices • Strong knowledge and understanding of financial and non-financial risks • Financial/Investment risk management • Programming skills • Strong quantitative and analytical skills • Strong research skills • Strong financial modelling skills • Strong presentation skills (written and verbal) • Ability to work and collaborate with multiple teams in the Investment Process • Ability to work independently to execute mandated tasks • Ability to communicate with senior management • Ability to work under pressure and under deadlines • Ability to travel (domestically and internationally) • Working Knowledge of systems used in order to perform and apply analytical skills • High degree of ethical conduct to ensure the integrity of the investment portfolios and the PIC 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. PIC is an equal opportunities employer and as such appointments will be in line with the PIC Employment Equity plan. Closing Date: 6 November 2023 Please email a copy of your comprehensive CV to Recruitment4@pic.gov.za * Grade range is from E1 – 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.
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