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 position: INVESTMENT ANALYST: EARLY-STAGE FUND (VENTURE CAPITAL) Grade: C3 – D3 (Ref: INVSTEA001) Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria Description: The PIC’s Early-Stage Fund finances early-stage businesses that are highly innovative and that have a direct positive impact on the economy and society. Strategic objectives of the Fund include creating new industries, catalyzing early-stage projects, creating jobs, unlocking economic growth and driving transformation whilst generating financial returns. The Fund deploys capital directing and indirectly through other venture capital funds. Purpose: To assist the Fund Principal and Associate Fund Principal in undertaking Investment transactions Requirements: • Bachelor’s degree in commerce (finance, investments, accounting) or equivalent qualification • Postgraduate qualification (Hons, Masters, MBA, etc), CFA,CA(SA), CAIA would be advantageous • 2 - 4 years investment experience. Venture Capital, Private Equity, Multi-manager experience would be advantageous • Knowledge of venture capital market • FAIS RE 05 Certificate or must be obtained within 6 months of employment Duties: • Preparation of deal screening and preliminary scoping reports of investment opportunities • Assist the team in complying with the requirements of each stage of the investment process • Assist the team in planning and coordinating due diligence on potential investment opportunities • Assist the team with relevant research and information in structuring and pricing of transactions • Assist the team in preparing term sheets • Assist the team in preparation of appraisal reports • Assist the team in implementation and disbursement process • Assist the team in the handover of approved transactions to various divisions including portfolio management • Assist the team in ongoing monitoring of a portfolio of funds, including review of quarterly reports, valuation, risk management, compliance and reporting Competencies and skills: • Financial analysis and interpretation • Financial modelling skills • Ability to undertake research • Strong analytical skills • Strong numerical skills • Strong quantitative and qualitative analytical skills • Ability to work effectively under pressure • Investment analysis • Basic financial modelling skills • Planning and organising skills • Time management • Research and analytical skills • Commercial skills • Writing and presentation skills • Interpersonal and communication skills • Problem-solving 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: 29 September 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 C3 – D3 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: ASSOCIATE FUND PRINCIPAL: EARLY-STAGE FUND (VENTURE CAPITAL) Grade: E1 – E4 (Ref: AFPEA) Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria Description: The PIC’s Early-Stage Fund finances early-stage businesses that are highly innovative and have a direct positive impact on the economy and society. Strategic objectives of the Fund include creating new industries, catalyzing early-stage projects, creating jobs, unlocking economic growth and driving transformation whilst generating financial returns. The Fund deploys capital directing and indirectly through other venture capital funds. Purpose of the role: To assist the Fund Principal in implementing the strategy and carrying out the strategic vision for the investment business. Requirements: • Postgraduate degree in finance/investments/commerce or equivalent qualification • Masters, MBA, etc. CFA or CA (SA) or CAIA would be advantageous • 6 - 8 years’ venture capital/private equity experience. Multi-manager experience would be advantageous • Previous transaction experience is important • Venture capital industry knowledge • FAIS RE 05 Certificate or must be obtained within 6 months of employment Duties: • Proactively identify investment partners and opportunities – deal-sourcing • Deal screening and preparation of preliminary scoping reports • Conduct and coordinate due diligence on potential investment opportunities • Preparation of appraisal reports • Participate in structuring and pricing of transactions • Participate in negotiation of term sheets and review transaction agreements • Participate in the implementation and disbursement process • Lead the handover of approved transactions to various divisions including portfolio management • Ongoing monitoring of a portfolio of funds, including review of quarterly reports, valuation, risk management, compliance, and reporting • Participate in the exit process for transactions Competencies and skills: • Financial management • Credit risk and enterprise risk management • People management • Strategic planning • Negotiation and deal structuring • Industry and sectoral research • Basic commercial legal skills • Advanced financial modelling skills • Valuations • High Investment Analysis • Strong transaction execution Skills • Basic Financial Modelling Skills • Planning and Organising Skills • Time management • Research and Analytical Skills • Commercial Skills • Writing and Presentation Skills • Interpersonal and Communication Skills • Negotiation and Deal Structuring • Problem-solving 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: 29 September 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 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 COMPLIANCE OFFICER (RE-ADVERTISEMENT) (Regulatory Compliance) Job Grade: D3 – D5 (Ref: SCORC) Salary: All-inclusive remuneration package negotiable Division: Compliance Purpose of the role: To assist the business in managing compliance risk and providing assurance to Management, Board, and Regulators that PIC is aware of and takes steps to comply with legislation, regulations, policies, processes and best practice relevant to the PIC. Requirements: • An Honours Degree in Law, Commerce or equivalent related qualification • At least 4 – 6 years relevant compliance experience in the Financial Sector preferably in the asset management industry and/ or unlisted investments • Registered Persons Exams (RPE) certificates for JSE Compliance Officers is an added advantage • RE1, RE 3 and RE 5 certificates or obtain within 6 months of appointment to the role Duties: • To monitor and review the PIC’s level of compliance with applicable legislations, regulations, policies, client mandates and report findings to the relevant governance structures • To develop compliance monitoring plans and review compliance risk management plans based on relevant legislative requirements • Perform tracking of progress made by business units in remediating internal control deficiencies identified and reported through the compliance review reports • Maintain and monitor compliance with PIC’s FAIS license conditions, i.e. FAIS profile changes, etc • To compile and facilitate submission of statutory returns to regulators, e.g. FSCA, BBBEE Commission • To assist with performance of monitoring of PIC’s holdings in listed equities and collective investment schemes funds and report to the relevant stakeholders such as regulators, investee companies and the market; • Provide inputs into the development, maintenance and implementation of the compliance policies and procedures • To assist with the education of internal stakeholders on compliance requirements • To assist in performing ad-hoc functions, as and when assigned by Management Competencies and skills: • Audit techniques • Compliance opinions • Excellent communication skills, both verbal and written • Strong analytical skills • Strong presentation skills • Knowledge of and experience in asset classes (financial instruments) relevant to PIC • Knowledge of and experience in legislation relevant to PIC (e.g. Companies Act, FAIS Act, FICA, CISCA, Pension Fund Act (Reg 28), PFMA, Financial Markets Act, JSE Listing Requirements, FSRA, Competition Act, King IV, Properties related legislations) • Good report writing skills • Project Management skills • Interpersonal skills • Policy development, and the ability to understand and interpret legislations. • Knowledge of and experience in Corporate Governance • Risk Management skills 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: 29 September 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.
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