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: ASSOCIATE FUND PRINCIPAL: PROPERTY DEALS AND TRANSACTIONS Job Grade: E1 – E4 (Ref: APPDT01) Salary: All-inclusive remuneration package negotiable Division: PIC Properties Purpose of the role To assist the Fund Principal in providing leadership and strategic vision for the fund investment, management, development, implementation and execution of a pipeline of property transactions for PIC Properties and to deliver the pipeline according to the approved outputs and thereby generating fee income for the business unit Requirements: • Honours degree in Finance, Commerce, Real Estate, or equivalent relevant qualification • CA SA)/CFA and/or Relevant MCom, MBA or MSc in Real Estate would be advantageous • 6 - 8 years Investment and deal experience in the property industry experience • Technical Knowledge in Real Estate • Deal Structuring expertise (equity and debt) • FAIS RE 05 Certificate or must be obtained within 6 months of employment Duties: • Assist the Fund Principal in the management of the deal pipeline; • Proactively identify investment partners and opportunities • Responsible for evaluating and unlocking value in the existing property portfolio in terms of the feasibilities of sales and acquisitions. • Oversee and manage the structuring of transactions that consider equity and debt components where applicable. • Strategy implementation • Play an active role in the production of committee reports to motivate deals/transactions proposed • Oversee the production of quality committee reports to motivate deals proposed • Risk management and compliance • Human resource management • Stakeholder management • Continuously assess portfolio balance and diversification in line with annual property strategies • Implement functional relationships with other asset holders/DFIs/government departments (e.g. Conclude and implement MOUs); • Present transactions to respective PIC Committees and PIC clients where necessary • Manage transaction negotiation, due diligence, legal close and disbursement in an effective and timeous manner • Develop and maintain professional and industry networks to maximise investment leads • Implement and manage a reporting and management system that controls the pipeline management, board motivations, board reporting, deal status, etc. • Research and maintain awareness of the market that may lead to/open up new opportunities and create a competitive advantage for the PIC and clients • Oversee and actively manage in a timeous and effective manner deal/transaction assessments • Manage, lead, mentor and advise a diverse investment team • Develop and build a well-motivated and robust investment team Competencies and skills: • Technical knowledge of Real Estate • Deal Structuring expertise (equity and debt) • Financial management • People management • Strategic planning • Negotiation and deal structuring • Advanced financial modelling skills • Industry and sectoral research • Valuations • Corporate Finance experience • Target Driven • Attentive to detail • Performance Driven 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: 15 December 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: INVESTMENT ANALYST (Research and Benchmarking) Grade: C3 – D3 (Ref: IARB) Salary: All-inclusive remuneration package negotiable Centre: PIC Properties Requirements: • Bachelor’s degree in Investment Management, Property Studies Commerce or equivalent relevant qualification • Minimum 2 - 4 years’ experience in SA Commercial (Preferably commercial property sector and finance) • Knowledge of Power BI, Sql and data management and manipulation to create integrated dashboards and Reports (advantageous). • Ability to undertake research Duties: • Assists Asset Managers and Investment Managers (Property Asset Managers; Deal Teams and Portfolio Monitoring Teams) in direct/indirect and external funds in unlisted property investments with research and benchmarking data and analysis. • Assists Senior Management with the drafting of portfolio investment strategies and related research requirements. • Development of financial models, including analysis of returns, sensitivities and scenario analysis etc. • Accurately report on portfolio performance to the respective client structures. • Assist in the implementation of Investment Management software project for unlisted real estate. • Identify where risk mitigation strategies have broken down and advise on the implementation of remedial corrective action/s. • MSCI Real Estate Index reporting and portfolio classification. • Analyse market data and market trends to assist with internal valuations. • Review, gather and analyze market intelligence for investment opportunities under consideration. • Management of service providers and provision of documents for audits. • Preparing research reports to support investment memoranda and other presentations for internal investment review. • Prepare analysis and supporting research information for property recapitalizations, refinancing or dispositions - assist in performing buy/sell / hold analysis. • General support as well as administrative duties. • Prepare and manage research reports, data and dashboards on the internal portfolio Competencies and skills: • Excellent communication skills • Negotiation Skills • Time management • Performance and Result oriented • Attention to detail • Ability to deal with pressure/stress • Strong organisational skills • Cost-consciousness (budgeting) • Excellent Communication skills • Problem-solving • Knowledge of income forecasting and valuation techniques • Customer service orientated • Project Management Skills • Strong analytical and numerical skills • Financial analysis, interpretation and modelling skills • Strong quantitative and qualitative analytical 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. Closing Date: 15 December 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 organization is the largest investment manager in the country and the continent. Applications are invited from dynamic individuals for the following challenging position: FUND PRINCIPAL: PE Job Grade: E4-F1 (Ref: FPL 006) Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria Requirements: • Commercial bachelor’s degree (i.e. B.Com, B. Acc, B. Bus ) • B Com (Honours) or B.SC (Honours) in Financial Management • Post Graduate Degree (Masters, MBA, etc) CFA or CA would be an advantage • At least 8 – 10 years in the investment industry • FAIS Representative • Industry and sectorial research and knowledge • Strong deal sourcing and execution skills • Investment Analysis and management Duties: • Develop and implement PE investment strategy and philosophy • Evaluate investment proposals in terms of valuations, risks, cash flow and commercial viability • Financial structuring of proposals including debt, equity and pricing to achieve the required IRR • Ensures external and internal due diligences are appropriately scoped, project managed, cost controlled and quality checked to ensure all risks are identified • Present investment proposals that fit with PIC’s investment strategy to EXCO, IC and PIC Board in legal documentation and disbursements • Monitor and evaluate the performance of investments and ensure appropriate corporate governance to minimize impairment and maximize returns Internal Use Only • Add strategic value to investments and arrange exits • Responsible for ensuring proposals are timeously declined or if commercially viable, are processed quickly and effectively; to ensure fast turnaround times • Development, training and mentoring of Private Equity team Key Competencies: • Interpersonal skills • Planning and organising • Presentation skills • Negotiation and deal structuring skills • Basic commercial skills • Time Management With the PIC having topped the R2 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: 11 December 2023 PIC is an equal opportunities employer Please email a copy of your comprehensive CV to Recruitment1@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.
Comments are closed.
|