INDUSTRIAL DEVELOPMENT CORPORATION (IDC) VACANCIES

​ 
 
PORTFOLIO ADMINISTRATOR
Job number IDC00392
Job Grade A Band
Closing date 25-Oct-2024
 
Job Description
To promptly and efficiently assist the department by providing an efficient and effective administrative role to achieve business objectives and to provide support to the various stakeholders
 
Qualification and Experience
Qualifications:

• National Diploma in Commerce or equivalent.

Knowledge and Experience:

• Minimum of 2-5 years’ experience in a Financial Services administrative environment
• Understanding and knowledge of the investment process 
• Experience in Customer Service and Care
• Experience in collection of data is essential
• Experience and knowledge of the SAP system will be advantageous
• Basic Excel Skills is essential
• The ability to operate in a multi-tasking and demanding environment

 
Roles and Responsibilities

• Monitoring terminal draw dates to ensure they don’t expire and extend before expiry.
• Tracking of undrawn commitments and updating SAP with forecasted draws by consulting with clients and validating the draws with relevant stakeholders (e.g. Segments and Strategic Business Units)
• Initiate and support disbursements processes and engage with relevant stakeholders to confirm conditions are met and gaps are communicated accordingly.
• Tracking and forecasting collections (such as Capital, Interest, Dividends, Sweeteners, Cash Sweeps, Settlements, Guarantees Fees etc.) by using SAP and send statements to clients to confirm payment. Ensure that memos are done to remove clients from debit order, when they are unable to pay.
• Investigate non-payment by IDC clients via emails and/or telephone calls. Follow-up on arrears/ outstanding payments & capturing status on the collections made & allocations of payments on SAP. Issue LODs for overdue payments & place clients on alternate rate where applicable.
• Generate and complete settlement documentation, including release of securities
• Ensure that all IDC securities are registered, registration documents are loaded on Docupedia and update SAP to reflect correct security (e.g. SNBs, Mortgage Bonds and GNBs).
• Ensure updated valuations reports on IDC security are done by the relevant IDC Dept, once expired & timeous request of new valuations to be done by providing the relevant information (e.g. assets register lists with serial numbers).
• Timeous collection of Financial Statements (ensure that the AFS & Management Accounts are accurate & complete with at least an Income Statement, Balance Sheet & Cashflow Statement). Timeous & accurate monthly updating on SAP. Issue LODs for overdue data & place clients on alternate rate where applicable.
• Capture AFS on the risk grading tool and notify relevant parties to finalise the risk grade.
• Accurate & timeous collection and monitoring of client compliance with undertakings and capturing received undertakings into SAP (e.g. client budgets & FICA/corporate governance information). Issue LODs for overdue data & place clients on alternate rate where applicable.
• Collecting jobs information from clients timeously. Check that the documents received are correct & comply with audit requirements. Issue LODs to clients for overdue jobs data & place clients on alternate rate where applicable.
• Timeously attend to client requests such as audit confirmations, statements, reconciliations, cancellations, undrawn amounts etc.
• Follow up on Letters of Amendment (LOAs) from & ensure implementation on SAP.
• Prepare memos for non-material approvals.
• Ensure that both manual and electronic filing system is up to date including saving on Docupedia or any applicable filing system.
• Ensure that an accurate database of all business partners is maintained and is up to date including, contact numbers, contact persons, physical and postal addresses, e-mail addresses etc.
• Carry out any other ad-hoc activities including capturing requirements and any other administrative duties effectively and efficiently.
• Efficient and Service Excellency to be provided to both internal and external stakeholders

 
Job Requirements
TECHNICAL COMPETENCIES

• Stakeholder Management
• Customer Insight and Focus
• Analytical Thinking
• Information Searching 
• Process Orientation
• Attention to Detail
• Report Writing 

 
BEHAVIOURAL COMPETENCIES

• Planning Organising
• Relationship Building
• Self-starter / Pro-active
• Willing to Learn

 
APPLY NOW
 
 
 
 

​
HUMAN CAPITAL ADMINISTRATOR
Job number IDC00381
Job Grade A Band
Closing date 23-Oct-2024
 
Job Description
To provide comprehensive and administrative support to the entire Human Capital Business value chain to effectively support HC and its customers in the administration process thus ensuring a seamless administrative end-to-end HC administrative process. It also involves updating and maintaining of data within a Human Capital Management (SAP) systems, ensuring governance to processes and quality HC service delivery.
 
Qualification and Experience
Qualification
National Diploma in Human Resource Management, Social Science, Financial Management, Information Management/ Technology or any relevant qualification
 
Experience
A minimum of 2 - 5 Years experience in a HC administrator role or relevant environment.
Knowledge of HC Value Chain processes
Basic Conditions of Employment Act
Employment Equity, POPIA and Labour Relations Act
Medical Aid Schemes
Skills Development Levy
SAPHR (PA, LSO)
Words, Excel, PowerPoint
HR Smart, MIE and Talent Central (or equivalent E- recruitment systems)
Competency based interviewing techniques, recruitment strategies
 
Roles and Responsibilities
Provide administrative support regarding staff movement processes (recruitment, internal appointments, transfers, secondments and rotations)
•Ensuring consistent and efficient delivery of HC resourcing and administrative services facilitating effective and timeous talent management processes and administration, in support of the respective HC Business Partners portfolios. To capture and maintain the relevant staff movement data within the human capital management system.
Provide administrative support regarding learning and development initiatives and activities
•Efficiently and effectively support L&D administration function ensuring accuracy and maintenance of bursaries and training data and records and consistently provide quality administrative services in support of L&D initiatives.
Provide administrative support regarding employee data management, staff benefits & wellness administration
•Accurately, efficiently, and effectively provide support relating to employee data management, staff benefits, and wellness administration aligned to relevant policies and legislative requirements for governance and compliance, and the provision of employer/employee support to ensure that employees are fully aware of the IDC benefits offering and in support of effectively benefits management practice. To capture and maintain the relevant employee data, staff benefits and wellness data within the human capital management system.
 
APPLY NOW

​
SENIOR CREDIT RISK MANAGER - EVALUATION
Job number IDC00369
Job Grade M Band
Closing date 23-Oct-2024
 
Job Description
Responsible for Credit and investment risk assessments within the organisation through:
• Processing of credit proposals, compilation of autonomous Credit Submission Reports that form part of the funding applications disseminated to Credit Committees.
• Conduct evaluation of assessments that include thorough and rigorous testing of the base case assumptions provided by the client or client facing teams and provide the necessary independent attestation on the merits of the business case.
• Where necessitated, requesting amendments to proposed terms such as gearing/leverage requirements, default covenants, cash sweep mechanisms, as well as tenor increase/decreases.
• Being able to address issues within the disciplines of the credit management cycle, including ensuring that annual reviews are undertaken at least annually by CSG, and risk grades updated and pro-actively assisting clients ahead of distress, improving the portfolio credit quality and avoiding concentrations, thereby improving earnings and growth to ensure the integrity of the IDC portfolio and instil an effective and appropriate risk management culture
 
Qualification and Experience
Qualifications
• CA / B Com post graduate qualification (or equivalent).
• MBA would be an added advantage
 
Knowledge and skills:

• 8 to 10 year’s relevant experience in a financial institution
• Knowledge and understanding of credit and investment risk and any associated risks prevalent in the financing of transactions/projects
• Portfolio management experience will be an advantage
• Experience working in a high-level collaborative environment
• Ability to manage multiple competing priorities while building effective relationships
• Extremely good writing and presentation skills, particularly to committees
• Extremely organized and persistent, with drive and determination to achieve

 
Roles and Responsibilities

• Provision of independent credit & investment assessments and evaluation on credit submissions to approval committees; exercise credit judgment; and make sound credit recommendations within stipulated Service Level Agreement;
• Performing risk grading of Business Partners through application of in-house credit risk tools and models and give constructive view on the output;
• Ensure adherence to credit policies and procedures as well as team alignment to the Credit Risk Appetite Strategy, taking into account group counterparty concentration guidelines;
• Responsible for the final sign-off of all risk ratings within the IDC, including accountability for a consistent rating approach for all entities and application of overrides;
• Seek to obtain/enhance collateral to reduce the impact of loss given specific default (“LGD”);
• Provide appropriate guidance and support during Deal Development Forums (DDF) and act as a sounding board throughout the credit process;
• Provide an approach that is reasoned, impartial and encourages participation and challenge to analysis and credit risk mitigation proposals accountability for the pricing of all deals and investments;
• Prepare and position submissions at the relevant sanctioning committee and respond to questions;
• Provide support, guidance and a consistent approach and interpretation of credit and investment principles across the full credit cycle (cradle to grave);
• Provide an approach that is reasoned, impartial and encourages participation and challenge to their analysis and credit risk mitigation proposals accountability for the pricing of all deals and investments;
• Responsible for independent evaluation of annual credit reviews and provide oversight to ensure these are n aligned with requirements (at least annually);
• Provide guidance to teams on matters to be followed up and incorporated in the further designed/renewed and origination of credit and/or investment proposals/templates;
• Ensure breaches/ potential breaches and/ or exceptions, are timeously addressed and propose, with the Legal, such relevant powers of enforcement as appropriate to fully protect the interests of the IDC;
• Partner CSG in the monitoring and restructuring efforts for distressed and work-out clients and in determining and agreeing appropriate credit strategies for clients prior submission to the relevant credit approval authority;
• In collaboration with Legal department seek for the adoption of a consistent approach in the drafting of standardized finance documentation across Group Counterparties as appropriate to ensure consistency of credit terms;
• Assist origination in ensuring, prior facility draw-down, that all key and specific credit conditions, such as default ratios, re-pricing terms, information provision conditions, etc, are correctly and clearly documented and properly defined in the relevant facility agreements;
• Standing Invitee and participant at Investment Monitoring Committee and Portfolio Monitoring Technical Committee and any other portfolio monitoring forums as established by the Corporation from time to time, which would include the management of early distress, watchlist and non-performing clients;
• Oversight on the Collateral Management process, ensure that collateral is maintained and managed in accordance with the IDC Credit Policy and Collateral Valuation Guidelines and ensure that the support of Credit Department is obtained prior to any release or amendment of collateral terms;

• Partner with Risk Governance and Portfolio Management to provide insights on client conduct and lessons learnt when required;
• Formulate tools, systems and to better service the portfolio;
• Facilitate constructive working relations and healthy working morale with internal stakeholders;
• Providing constructive input to the development and enhancing of credit policies and procedures;
• Ensure on-going compliance with Credit Policy and other relevant regulatory requirements;
• Project risks identification and mitigation – including the development of a Project risk matrix in conjunction with the relevant SBUs.

 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
Problem Solving
Business Acumen
Report writing Skills
Strong attention to detail and data validity
Project Management Skills
Problem Solving
Client Insights & Focus
Strong Analytical Skills
Planning and Organizing
Solution minded
 
BEHAVIOURAL COMPETENCIES
Good Communication Skills
Self-motivated and self-driven skills
Coping with Pressures and Setbacks
Negotiating and influencing
Interpersonal Skills
 
APPLY NOW