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INDUSTRIAL DEVELOPMENT CORPORATION (IDC) VACANCIES
INDUSTRIAL DEVELOPMENT CORPORATION (IDC)
DEALMAKER - TEXTILES AND WOOD PRODUCTS
JOB NUMBER IDC00302
JOB GRADE P-Band
CLOSING DATE 03-Jul-2024
SYNOPSIS
A permanent position exists within the Textiles and Wood Products SBU for a Dealmaker at the IDC Head office in Sandton, reporting to the SBU Head: Textiles and Wood Products
JOB DESCRIPTION
To evaluate and present applications for funding and structure deals that contribute towards unit objectives and industry development goals. This would include performing the financial and/or technical and/or marketing due diligence functions and ensuring risk identification and mitigation.
QUALIFICATION AND EXPERIENCE
QUALIFICATION REQUIREMENTS
- Minimum qualification: relevant commercial or technical Honours Degree or equivalent qualification.
KNOWLEDGE AND EXPERIENCE REQUIREMENTS
- 5-8 years related experience of which 2-3 years should be in assessment as well as closing of transactions (i.e. management of approved deals up to first drawdown, including ensuring timely conclusion of legal agreements)
- Declared competent in two due diligence disciplines (Marketing, Technical or Financial)
- Grounded in one of the above due diligence disciplines
- Experience in interpretation of financial statements
- Sector-specific knowledge would be advantageous
- Knowledge of financial products as used by IDC
ROLES AND RESPONSIBILITIES
Financial /Shareholder Returns
- Evaluate and effectively structure transactions with detailed application of IDC financing instruments (where applicable/appropriate)
- Evaluate applications for finance (financial, technical or marketing disciplines) through due diligence investigations
- Deal structuring - Designing and negotiating the financial, EHS, legal and other relationships between the client and IDC for the specific deal (where applicable)
- Risk identification and mitigation
- Participate in due diligence teams
- Deal Optimisation - Ensuring that the deal is aligned with the strategic objectives of the unit and will contribute to meeting industry development goals
- Account management function up to first draw
- Prepare and submit basic assessments and comprehensive credit proposals that meets the IDC funding requirements.
- Ensuring accurate client data management
- Maintain meaningful relationships with enquirers, applicants and portfolio clients in conjunction with different support functions in the IDC.
- To effectively interact with different SBU’s and departments in order to fulfil the process requirements related to any specific business
- Manage and enhance the levels of service and communication to ensure the provision of client service excellence.
- Liaise, communicate and promote the unit externally
- Drive and manage own development to enhance own competencies
- Participate in knowledge sharing in the team and cross functional
- Mentoring and acting as a coach to Business Analysts
ROLES AND RESPONSIBILITIES (CONT.)
TECHNICAL/FUNCTIONAL COMPETENCIES
- Financial acumen
- Risk identification and mitigation
- Investment/Portfolio Management
- Stakeholder Management and customer focus
- Report writing skills
- Planning and organizing
BEHAVIOURAL COMPETENCIES
- Presentation and Communication skills
- Negotiation skills
- Relationship and Networking skills
- Persuading and Influencing skills
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ACCOUNT MANAGER - INVESTMENT FUNDS
JOB NUMBER IDC00290
JOB GRADE P-Band
CLOSING DATE 27-Jun-2024
JOB DESCRIPTION
IDC has a portfolio Funds under management from various stakeholders. IDC also has invested Private Equity (PE) Funds. Monitoring and reporting of these funds requires a dedicated resource with relevant experience to monitor and evaluate IDC’s portfolio, assist in customer support and post investment management of same - to ensure IDC and the economy derive the financial and developmental benefits envisaged by these funds and investments.
QUALIFICATION AND EXPERIENCE
Qualifications:
- Minimum qualification: relevant commercial or technical honours degree
- Minimum 5 years’ experience in due diligence disciplines (e.g. Marketing, Technical or Financial) with regards to investing in Funds
- Monitoring and evaluation of investments
- Experience in interpretation of financial statements.
- Back-office support in the management of approved deals from first drawdown
- Proficiency in client relationship management and administration.
- Strong administrative and reporting skills.
- Strong financial skills and knowledge of accounting principles.
ROLES AND RESPONSIBILITIES
Internal / Operational Processes
- Support Senior Account Managers with the origination of investment opportunities based on strategic fit, developmental outcomes and economic viability.
- Develop framework, systems, and processes for management of the Fund portfolios.
- Draft and submit monthly reports to HOD on individual fund performance iro developmental, financial returns.
- Support internal processes regarding individual fund performance and valuations.
- Risk identification and mitigation.
- Prepare and submit submissions for either Credit or Policy committees where required for approval.
- Maintain accurate client data for reporting purposes.
- Support Senior Account Managers with post investment support.
- Maintain meaningful relationships with portfolio clients in conjunction with different support functions in the IDC.
- To effectively interact with relevant SBU’s, departments and IDC Advisory Board/LPAC members in order to fulfil the process requirements in managing the PE portfolio.
- Manage and enhance the levels of service and communication to ensure the provision of client service excellence.
- Drive and manage own development to enhance own competencies.
- Participate in knowledge sharing in the team and cross functional.
- Development of templates, processes and systems for administration and reporting purposes
JOB REQUIREMENTS
Technical/Functional Competencies:
• Financial and business acumen
• Data interpretation and analytics
• Back-office administrative skills
• Compliance management
• Investment/Portfolio Management
• Stakeholder Management & Customer Focus
• Result and solution orientated.
• Planning and organizing (Timeousness in delivery)
• Report writing
Behavioral Competencies:
- Presentation and Communication skills
- Negotiation skills
- Relationship skills
- Attention to detail
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