INDUSTRIAL DEVELOPMENT CORPORATION (IDC) VACANCIES

 
SENIOR PROJECT MANAGER (FTC 3 YEARS)
Job number IDC00375
Job Grade M Band
Closing date 29-Sep-2024
 
Job Description

• To provide Project Management services in the implementation of the Musina Makhado Special Economic Zone (MMSEZ);
• The Senior Project Manager will manage the engineering planning; design coordination; procurement; construction monitoring and contract administration of bulk infrastructure and internal services for the development of the Musina-Makhado SEZ.

 
Qualification

• A Bachelor’s degree graduate qualification in Civil Engineering;
• Professional Registration with the Engineering Council of South Africa (ECSA).  Professional Registration as a Construction Project Manager with the South African Council for the Project and Construction Management Professions (SACPCMP) will be an added advantage.

 
Experience 

• Minimum of eight (8) to 10 (ten) years’ experience in a management position undertaking similar work as outlined in the scope of work and deliverables;
• Extensive Municipal Infrastructure design and Construction Manager experience;

• Exceptional planning and organizational skills: the ability to handle several complex tasks simultaneously and managing key projects with multiple stakeholders is essential;
• Proven communication skills are essential - must possess great written and verbal skills to be able to work effectively with others;
• Ability to influence stakeholders and team members;
• Experience working in a high-level collaborative environment;
• Ability to manage multiple competing priorities while building effective relationships;
• Extremely organized and persistent, with drive and determination to achieve goals;
• Ability to present and communicate technical information in a clear and concise manner.

 
Roles and Responsibilities
 
MAIN DUTIES AND RESPONSIBILITIES

• Develop and implement operational systems and quality standards for a project management office;
• Manage the delivery of professional service providers and contractors responsible for the design and construction of bulk infrastructure and internal services in the SEZ;
• Lead the design reviews and approvals of bulk infrastructure and internal services done by the appointed service providers;
• Capacitate and mentor junior staff and impart skills transfer in the development of the SEZ;
• Package and lead detailed investment led project applications for implementation of critical infrastructure planning and construction;
• Develop and implement turnaround strategies to unlock impediments facing the infrastructure delivery programme and the delays experienced by the SEZ;
• Lead the procurement of service providers for capital infrastructure projects in the SEZ;
• Troubleshooting and contract administration to identify project risks as well as develop and implement risk mitigation measures on capital infrastructure projects in the SEZ;

• Lead and manage the process of Township Establishment and designation applications for the SEZ;
• Lead the master plan development process in alignment with spatial development framework and strategic plans of the SEZ;
• Ensure adequate community facilitation and stakeholder management in support of development of the SEZ;
• Provide technical input and project management for strategic planning as required for the development of the SEZ;
• Develop institutional management mechanisms to ensure the effective and ongoing management of the SEZ;
• Monitor and evaluate work done and sign off on payments due for work done by service providers;
• Oversee the contract administration of projects in execution;
• Oversee the monitoring of project progress and make detailed scheduled reports on measurable items, such as milestones and deliverables;
• Develop and manage project schedules and provide meaningful progress updates to stakeholders together with actionable feedback relating to costs and cost-benefit analysis;
• Use applicable best practices throughout each project's execution, monitor progress, and make adjustments as required based on sound technical input;
• Lead and monitor the creation, implementation, and management of project management policies, standards and procedures;
• Develop definitions and measurements of success to objectively quantify project success and report progress against agreed plans;
• Identify potential risks across a broad number of individual projects and programs and establish communications and mitigations to address these;
• Influence and manage the factors that create change and scope creep;
• Maintain accountability for the quality of deliverables;
• Follow through and close all the defined exceptions and milestones;
• Monthly reporting of progress and making necessary submissions to the Board of Directors of the SEZ as required from time to time; and
• Lead, guide and participate in project steering committees.

 
TECHNICAL/FUNCTIONAL COMPETENCIES

• Planning and organising
• Cost Management
• Contract Administration
• Project Management/ Programme Leadership
• Risk identification and mitigation
• Analytical and problem solving
• Results and solution orientated
• Planning and organising
• Contractual Services Management
• Consulting skills

 
BEHAVIOURAL COMPETENCIES

• Decisiveness in Execution
• Communication and Engagement
• Diverse Stakeholder Management
• Collaboration and Influence
• Accountability
• Self-Initiative
• Intuitive driven
• Results orientated 

 
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DEPARTMENTAL ADMINISTRATOR
Job number IDC00373
Job Grade A Band
Closing date 29-Sep-2024
 
Job Description

• Oversee and coordinate the day-to-day administrative operations of the office, ensuring smooth and efficient work environment.
• Develop, implement and maintain administrative policies, system and procedures to optimize office operations and improve overall performance.
• Responsible for providing Secretarial and Administrative support to the Financial Management & Strategic Financial Planning Head and their teams to ensure an efficient running of the departments.
• To assist Heads and teams with support through planning and coordination of information in order to optimize workflow procedures in the departments.
• To be the point of reference for all queries, requests or issues and be an integral part of the business unit.

 
Qualifications 

• National Diploma and Advanced certificates or relevant qualification at NQF level 6 or equivalent.
• Bachelor’s degree or a relevant recognised qualification at NQF level 7 or more will be advantageous.
• Relevant Certificate in Administration

 
Experience 

• Minimum 2- 5 years proven Secretarial, Administration and Project Management experience.
  The following computer skills and knowledge of office software packages at an Advanced level are essential: MS Word; PowerPoint; Excel; Outlook.
• Knowledge of SAP will be an added advantage.

 
Roles and Responsibilities
 
MAIN DUTIES AND RESPONSIBILITIES

• Facilitate the process flow and maintenance of a register of the department’s documents, agreements, invoices received directly through email or postal services to the applicable financial management & strategic financial planning team.
• Provide secretarial support and general administrative function to the Head and the financial management strategic financial planning team members.
• Receive, direct and relay telephone messages to the affected individuals and maintenance of a record of such calls.
• Provide general administration support including minute taking, compilation of reports, presentation slides preparation, scheduling of appointments and meetings for the departments.
• Tracking and monitoring of the department’s operational deliverables on a day-to-day basis.
• Project management support to the Heads through presence in key meetings, facilitation of key deliverables and engagement with key internal and external stakeholders.
• Maintain accurate and up to date records, agreements, reports and databases to ensure compliance with organisational policies and regulatory requirements.
• Maintain and track the contracts concluded by the departments to ensure compliance with the procurement policies and guidelines.
• Arrange and manage meetings or events and other administrative logistics required by the departments.
• Daily management the Heads diaries ensuring timely scheduling of events and the elimination of meeting clashes.
• Maintain the general filing system and file all correspondence, as well as maintaining electronic filing on Docupedia and SharePoint.
• Making travel arrangements and processing claims for the Heads and team members (as and when required)
• Ensure that the stationery requirements for the departments are adequate at any point in time.
• Facilitate the onboarding and offboarding of new staff members joining the teams.
• Maintain an updated contact list for the department.
• Provide administrative support in order to optimize workflow procedures in the office.

Customer Focus & Stakeholder Management

• Provide professional secretarial support.
• Provide an efficient customer service to both internal and external stakeholders.

Learning, Leadership & People Growth

• Manage own development to enhance own competencies.
• Participate in knowledge sharing in the team.

 
TECHNICAL/FUNCTIONAL COMPETENCIES

• Administration and telephone skills
• Excellent organizational and time management skills
• Ability to liaise and engage with both internal and external clients
• Project Management
• Ability to maintain confidentiality and handle sensitive information with discretion
• Attention to detail
• Customer centricity
• Analytical skills
• Budgeting skills
• Minutes taking skills

 
BEHAVIOURAL COMPETENCIES

• Interpersonal skills
• Good ethics, integrity and high level of professionalism
• Confidentiality because of the nature of the work
• Communication skills (both written and verbal)
• Ability to multitask and thrive under work pressure
• Strong interpersonal skills
• Problem solving

 
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PROJECT ADMINISTRATOR (3 YEAR FTC)
Job number IDC00374
Job Grade A Band
Closing date 29-Sep-2024
 
Job Description
The project administrator will provide administrative support, coordination, and assistance to the project team that is tasked with developing the Musina Makhado Special Economic Zone in Limpopo to ensure efficient project execution and delivery within stipulated timelines and budgets.
 
Qualifications 

• Minimum National Diploma Qualification.
• Proven experience in project administration, preferably in the built environment or financial services sector.
• Proficiency in Microsoft Office suite and project management software.
• Excellent organisational and time management skills.
• Strong attention to detail and accuracy.
• Ability to work effectively in a fast-paced, dynamic environment.

 
Experience 

• Minimum of 2 (two) to 5 (five) years’ experience in a position undertaking similar work as outlined in the scope of work and deliverables.
• Demonstrated ability to manage multiple tasks and priorities effectively.
• Strong interpersonal and communication skills.
• Ability to work collaboratively in a team environment.
• Knowledge of project management principles and practices.
• Adaptability and flexibility to changing project requirements and priorities.

 
Roles and Responsibilities
 
MAIN DUTIES AND RESPONSIBILITIES

• Ensure adequate preparation, organisation and maintenance of project documentation, including typing and dicta typing of contracts, reports, tender documents, spreadsheets, presentations, minutes of meetings, letters and other correspondence.
• Assist Project Team with project administration such as compilation of Tender Lists; compilation and placing of Tender Adverts; typing, distribution and follow up of Invitations to Tender and Notice to Tenderers; arithmetic checking of tenders submitted; payment certificates, fee accounts, agreements, etc.
• Assist project team with editing, formatting, printing, binding, photocopying, scanning and dissemination of their documents.
• Create, update and maintain an efficient filing system [electronically in a server and in hard copy] daily or weekly including opening new files and archiving routinely, as required
• Coordinate meetings, workshops, and project-related events, including scheduling, venue booking, and preparation of meeting materials.
• Facilitate communication and collaboration among project stakeholders, including government agencies, private sector partners, and community representatives.
• Maintain project schedules and calendars, tracking key milestones, deadlines, and deliverables.
• Support financial management activities by tracking project expenditures, processing invoices, and preparing financial reports.
• Conduct research and gather data on relevant topics to support project planning and decision-making.
• Provide logistical support for project team members, including travel arrangements, accommodation bookings, and equipment procurement.
• Assist in monitoring project progress, identifying risks and issues, and recommending corrective actions as necessary.
• Perform other administrative tasks and duties as assigned by the Project Manager or project leadership.
• Interact and provide linkages with IDC head office support systems to capacitate the Project operations.
• Assist in investment attraction marketing and branding activities
• Organise necessary hardware and software support for the project, as necessary, from time to time.
• Manage company pool car use and maintenance and general office housekeeping.
• Direct or Deal with Client / visitors queries.

 
TECHNICAL/FUNCTIONAL COMPETENCIES

• Proficiency in project administration tools and software.
• Proficiency in Ms Word; Ms Excel and Ms PowerPoint
• Understanding of procurement processes and contract management.
• Knowledge of financial management principles.
• Research and analytical skills.
• Report writing and documentation skills.

 
BEHAVIOURAL COMPETENCES

• Results orientated
• Communication and Engagement
• Accountability
• Self-Initiative
• Proactive and self-motivated.
• Attention to detail and accuracy.
• Strong problem-solving skills.
• Excellent interpersonal and communication skills.
• Ability to work effectively under pressure and meet deadlines.

 
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SENIOR LEGAL ADVISOR
Job number IDC00362
Job Grade P-Band
Closing date 28-Sep-2024
 
Job Description
To provide sound, clear and accurate legal advice to mitigate the legal risks that the IDC is exposed to in its daily activities.
 
Qualification

• Law degree and Admission as an Attorney essential
• Master’s degree such as LLM desirable

 
Knowledge & Skills 

• A minimum of five years’ post-article experience in the financial services industry
• 2-3 years working experience in the banking and finance/SoE/DFI (restructuring, turnaround & business rescue) space is essential
• Experience in the drafting, review, negotiation and re-negotiation of cross-border, project finance, corporate, commercial, structured and re-structured finance transactions
• Understanding of the PFMA in particular its application to Schedule 2 SOEs, PFMA Treasury acquisition notifications, competition commission  acquisitions notifications, fund management/investment

 
Roles and Responsibilities

• Provide general legal advice, including legal research
• Structure, restructure, negotiate and re-negotiate corporate and commercial transactions including project finance and cross-border financing transactions
• Identify, evaluate and structure import and export finance transactions
• Ensure compliance with internal legal and other IDC procedures and policies
• Identify and minimize potential legal risks
• Draft, review, negotiate and re-negotiate financing agreements and other legal documentation
• Make presentations and opine on legal and regulatory developments
• Conducting legal due diligence investigations
• Ensure efficiencies aimed at improving client satisfaction by providing efficient legal services 
• Developing and maintaining relationships with providers of legal services (including, external legal counsels, business rescue practitioners and other key stakeholders)
• Develop and maintain client and institutional relationships, internally, locally and internationally

 
TECHNICAL/FUCNTIONAL COMPETENCIES
Sound corporate and commercial legal knowledge
Ability to work independently and within a team
Draft and negotiate loan agreements and other legal documentation
Transactional negotiations at senior level
Excellent analytical and problem-solving skills
Excellent communication and interpersonal skills
Independent judgement and good analytical skills
Capable of working in a high-pressured environment and can exercise independent judgement
Ability to prioritize and plan
Ability to independently provide guidance and timeous delivery on highly complex projects
Ability to coach and mentor juniors on areas of specialization
Good knowledge and understanding of international and local financing instruments

BEHAVIOURAL COMPETENCIES
Collaboration and Influence: The successful candidate is a senior person who will be highly visible and credible with key internal and external stakeholders and proactive in aligning risk strategies to address the business.
Leadership: This individual will possess excellent personal communication skills that engender credibility and confidence both inside and outside the IDC and a team-first mentality. Resourceful and a self-starter, the candidate will know how to make things happen through his or her people, while also being hands-on. The ideal candidate must have natural leadership abilities and be capable of crafting the vision and creating support from within.
Teamwork: A true team player. Supportive of his or her team, peers and others across the organisation. Contributes to an atmosphere in which people work together, enthusiastically and effectively, in producing outstanding results.
Results Oriented: Energetic, resourceful, sophisticated and savvy, with strong service orientation and positive “can-do” attitude. Fully committed to the job and to delivering outstanding work. Never satisfied with status-quo, continually striving for excellence. Enjoys working “hands-on”. Strong attention to detail.
 
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INTERNAL AUDIT MANAGER - LEVEL 1
Job number IDC00371
Job Grade P-Band
Closing date 27-Sep-2024
 
Job Description
To provide assurance activities on the internal operating controls, processes and practices. 
 
Qualifications
• B Com Honours 
• Certified Internal Auditor will be added advantage 
• Membership of relevant professional body
 
Experience 
• Minimum work experience: + 5 years Internal Audit experience 
• Knowledge of risk assessment techniques
 
Roles and Responsibilities

• To conduct allocated audits from planning, execution and reporting in line with best 
  practices, IIA methodologies and standards and within agreed timeliness. 
• To conduct adhoc review of audit files and audit reports of junior auditors and peers in line with the quality assurance requirements. 
•  To discuss audit findings with management as well as assess the management comments thereof. 
• To follow up on progress made by management in addressing previously raised audit 
  findings. 
• Manage allocated assignments within agreed timelines. 
• Provide inputs to IDC’s systems and procedures before approval by the Systems and Procedures Committee.
• Mentor and work with TOPP trainee students on audits and ensure IDC and SAICA professional standards are maintained. 
•  Positive contribution toward formulation of the unit strategy and the Internal Audit three yearly rolling plan. 
• To contribute to the improvement of current audit activities and processes. 
• Initiate and manage implementation of key deliverables /strategies for the unit. 
• Provide an efficient service to both internal and external customers. 
• Ability to establish and maintain good relationship with key stakeholders.
• Promote knowledge sharing within the team.
• To take ownership of Personal Development Plan

 
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PROGRAMME COORDINATOR - NEW ELECTRIC VEHICLE
Job number IDC00319
Job Grade P-Band
Closing date 27-Sep-2024
 
Job Description

• Coordination of the predefined governance structures to ensure operational efficiency and impact.
• To assist the team through planning and coordination of information in order to optimize workflow procedures in the team.
• Responsible for providing administrative support to the team to ensure efficient running of the office.
• To be the point of reference for all queries, requests or issues and be an integral part of the unit.

 
Qualifications: 

• Degree in Economics, Public Policy, Business, or Engineering
•  Honours degree or international qualifications will be an advantage 

 
Experience:

• 4 - 8 year’s experience in a similar role
• Previous work experience for government (+5 years) and private sector (+4 years)
• Demonstrable experience working with high-level officials, government employees, private sector professional and c-suite and finance professionals
• Evidence of previous coordinating roles fulfilled.
• Understanding of the JET investment and implementation plan
• Understanding of global decarbonization agenda and SA role
• Understanding of government processes and how to navigate.
• Understanding of contracting and institutional agreements.
• Previous experience working with the following government departments – Department of
• Trade, Industry and Competition, Department of Transport, National Treasury, Presidency,
• Depart. of Environmental Affairs.
• Exposure to a broad range of industries with incl. but not limited to automotive, energy, science and research, green hydrogen, electric vehicles etc.
• Effective, versatile, and action-oriented. 

 
Roles and Responsibilities
 
Financial / Shareholder Returns:

• Process the department’s expenditure and / or invoices.
• Keep appropriate record and regularly report on expenditures.
• Actual vs Budget monitoring and reporting

Internal / Operational Processes

• Guides and coordinates meetings and workshops with key stakeholders of the NEV council, workstreams and others (funders, international organizations, foreign offices)
• Creates and Maintains guidelines of conduct for meetings. Ensures guidelines are approved and periodically reviewed.
• Ensures effectives of councils and workstream and other meetings.
• Responsible for agendas for meetings
• Responsible for preparing meeting minutes (within 7 calendar days of meetings)
• Responsible for preparing annual meeting calendars. (1 month before the new calendar year)
• Supports the Programme lead and the JET PMU functions such as stakeholder management, communications, events organization, and marketing activities, reporting, consultant appointments.
• Manages records and data for the Just Energy Transition (JET) Investment Plan (IP) for  NEV & GH Implementation program
• Continually improves the process of coordination with stakeholders
• Supports Workstream lead organizations with secretariate functions
• Assist in the preparation of presentations for meetings
•  Maintain organogram of program structure
• Support the NEV and GH2 council chairperson
• Responsible for stakeholder data base
• Track action items and report of status at meetings
• Alert Programme lead of action items off-track
• Supports technical expert panels/advisory bodies with secretariat functions 

Customer Focus & Stakeholder Management:

• Provide professional administrative support to the team,
• Provide an efficient customer service to both internal and external customers

Learning, Leadership & People Growth:

• Manage own development to enhance own competencies
• Participate in knowledge sharing in the team, such as ESRR trends and due diligence time requirements, lessons learnt, etc.
• Solutions Driven, Accountability and Innovativeness.

 
Technical/Functional Competencies:

• MS 360 suite (MS word, MS Excel, MS PowerPoint, MS Teams)
• Data management and dashboards
• Presentation skills
• Attention to detail
• Excellent time management skills
• Ability to multi-task
• Good verbal and written communication skills

 
Behavioural Competencies: 

• Interpersonal skills
• Good ethics, integrity, and high level of professionalism
• Confidentiality because of the nature of the work
• Communication skills (both written and verbal)
• Ability to multi-task and thrive under work pressure

 
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SENIOR CREDIT RISK MANAGER - EVALUATION
Job number IDC00369
Job Grade M Band
Closing date 26-Sep-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 instill an effective and appropriate risk management culture
 
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.

 
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

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PORTFOLIO TRANSACTIONS MANAGER
Job number IDC00370
Job Grade M Band (Heads and Champions)
Closing date 26-Sep-2024
 
Job Description
This position focuses on assisting the Divisional Executive in managing the performance of portfolio companies. It involves working closely with Portfolio Management and Monitoring Teams, portfolio companies, and potential strategic partners. The role assists with strategic, operational, financial structuring and closing in-portfolio transactions for portfolio companies. In addition, the role oversees, ensures and manages the quality and timeliness of Committee submissions before final review by the Divisional Executive. Quality refers to raising the technical elements including - (1) strategic rationale and value creation aspects (2) financial and structuring aspects (3) overall risk reduction aspects and (4) document structuring and writing that aids Committee decision-making including aesthetic aspects of reports, presentations and submissions.
It requires a deep understanding of finance, business strategy, and industry-specific knowledge. Responsibilities include working with Portfolio Management and Monitoring Teams to monitor and evaluate portfolio companies' financial and operational performance, implement value creation and risk mitigation plans, report on portfolio performance to Committees. This requires collaborating with CSG Heads and Managers and coordinating inputs from other IDC Divisions.
 
Qualifications

• Minimum qualification: Bachelor’s degree in finance, economics, or a relevant commercial or technical honours degree from a reputable institution.
• Relevant Post Graduate qualification such as CA (SA) / MBA or equivalent would be an advantage.

 
Knowledge and Experience
Experience:

• 8-10 years of experience in Investment Banking, Private Equity, Corporate Finance and Corporate Strategy Consulting.
• Proven track record in deal sourcing, structuring, and execution and maturity experience at in working at a senior leadership level and management levels
• Sound knowledge and experience in developing and implementing turnaround strategies and plans.
• Good understanding of different types of security for financial investments
• Working knowledge of Company, Contract, Taxation and Insolvency legislation
• Strong communication and networking skills.
• Strong presentation and communication skills
• Proven proficiency in Microsoft Office products, especially Microsoft Excel

Financial Acumen:

• Strong understanding, analysing and interpretation of financial statements, valuation techniques, and capital structures including working knowledge in:
• Assessing credit risk and the economic viability of businesses and/or projects is a prerequisite.
• Financial services or finance or management consultancy and with general business background, particularly on the quantitative side
• Balance sheet structuring, deal structuring and closing principles
• Some public sector finance, finance development institutions, and the workings of the South African National Treasury

 
Roles and Responsibilities
 
1. Finance structuring and investing related responsibilities.
Work with Portfolio Management and Monitoring Teams to:
In-Portfolio Transactions Evaluation
Assess a deal's desirability by assisting with generating innovative idea through their deep understanding of a sector, correctly assessing BP financial positions leading up to establishing capital requirements, nature and type of capital, additional capital sources outside IDC from which to raise new capital required to fund the implementation of Business Partner’s restructuring and turnaround strategies.

• Use and customize IDC financial models to evaluate the potential return on investment and developmental impacts of portfolio companies and on in-portfolio transactions.
• Work with internal teams and external advisors (lawyers, accountants, consultants) to evaluate risks and opportunities associated with operational and balance sheet restructures of portfolio companies and with each transaction.
• Oversee the value creation and turnaround restructuring process, including financial, legal, and operational assessments.

In-Portfolio Transactions Structuring
Structure and negotiate detailed terms of refinancing deals in liaison with other IDC professionals from other Divisions.

• Develop recommendations for choice of financial instruments to use in transactions.
• Negotiate the transaction's terms, including price, structure (e.g., equity vs. debt), and governance associated with operational and balance sheet restructure plans of portfolio companies.

In-Portfolio Transactions Execution
Assist with leading the transaction process from start to finish, including drafting term sheets, managing the legal documentation process, and closing operational and balance sheet restructure plans of portfolio companies and transactions.
Portfolio Management
Proactively conduct portfolio reviews across multiple perspectives and initiate or participate in forums for strategic change:

• Drive value creation and monitor performance in portfolio companies.
• Assist in exit strategies, including preparing companies for sale and negotiating exits to maximize returns.
• Provide a complimentary oversight on Business Rescue and Turnaround optimization, exploring opportunities which could arise from the Turnaround Playbook.

Market and Industry Analysis

• Stay up to date with market trends, economic conditions, and industry developments.

Relationship Management

• Build relationships with key stakeholders, including portfolio companies’ management teams, co-investors, and financial institutions

 
2. Strategy related responsibilities
• Provide a complimentary oversight on all Business Partners classified within the Top20; and escalated matters, ensuring application of quality control review.
• Play a hands-on role in the development of solutions on material BPs where the BA&TS department is responsible – especially those in Business Rescue:
o Participate in the process for selecting a Business Rescue Practitioner and ensure that capable BR Practitioners are engaged.
o Ensure that there is a sound process to manage delivery by the BRP, reporting structure and system to track milestones in the Business Rescue process – especially in relation to funds drawdown to protect IDC position.

• Provide a complimentary oversight on all Business Partners classified within the Top20; and escalated matters, ensuring application of quality control review.
• Play a hands-on role in the development of solutions on material BPs where the BA&TS department is responsible – especially those in Business Rescue:
  - Participate in the process for selecting a Business Rescue Practitioner and ensure that capable BR Practitioners are engaged.
  - Ensure that there is a sound process to manage delivery by the BRP, reporting structure and system to track milestones in the Business Rescue process – especially in relation to funds drawdown to protect IDC position
• Assist with creating presentation and documents that are fit for purpose especially in assisting Committees make decisions:
  - Facilitate discussions with the clients to elaborate on areas of proposed improvements - Define client business problems concisely, hypothesize the proposed solutions and perform quantitative and qualitative analysis to drive the proposed solution
  
  

3. Managing quality and delivery timelines to Division Executive for final reviews and Committee Submissions
Work with Portfolio Management and Monitoring Teams to quality of submissions and delivery timelines:
Managing Quality

• Ensure strategic and financial soundness of recommended solutions contained in all submissions to Committees.
  - Reports are comprehensive and cover not only strategic rationale and value creation aspects, financial and structuring aspects, overall risk reduction aspects but all aspects including legal, regulatory issues and an in-depth understanding of the client's industry.
  - Improve their communication and proposal pitching to ensure that proposals taken to Committees land correctly and enable decision making.
  - Provide guidance to ensure that the aesthetics of the papers are at the required level
  - Coordinating, forward planning and managing deadlines to ensure reviews and submission times to the Divisional Executive and Committee Secretariat are met through monitoring and evaluating the timeous delivery to avoid last minute submissions.
• Provide constructive advice to Associates and Specialists on a range of matters including but not limited to Business Strategy, Business Restructuring and Stabilization, Performance Improvement, Debt Restructuring,
• Restarts/Recapitalization and alternative capital raising mechanisms/sources.
• Act as a sounding-board and coach to CSG Managers and Heads on reports and presentation structuring, storytelling and delivery to build sustainability for CSG Division

Managing Timelines

•  Create and manage a rolling forward plan (with 2-week, 4 week, 6 weeks, 3 months, 6 months and 12 months windows) of submissions to Committees that is consistent with and aligned to the CSG Division performance plan.
  • Coordinate the final delivery of submissions to Committee Secretariat to ensure that all submissions are on time and in case of delays, the Committee Secretariat is informed on time.
  • Schedule and facilitate pre-Committee Meeting presentations dry runs where Associates and Specialists pitch their messages to the Divisional Executive and also post meeting debriefings to ensure clarity of decisions and next steps.

4.    General responsibilities

• Coaching of Associates and Specialists will take priority, but also essential for Managers and Heads to be coached to build sustainability within CSG.
• Drive training programs on newly designed and amended templates and other areas of upskilling as and when the need arises.
  
  

TECHNICAL/FUNCTIONAL COMPETENCIES

• Analytical Skills: Analysing complex business situations, excellent financial modelling skills and making sound investment decisions.
• Negotiation Skills: Demonstrated ability to negotiate favourable terms and close transactions.
• Industry Knowledge: Satisfactory understanding of the industry or focus sectors.
• Interpersonal Skills: Excellent communication, presentation, and relationship-building skills.
• Project Management: Ability to manage multiple deals simultaneously and work under tight deadlines
• Financial modelling and acumen including risk identification and mitigation
• Investment and Portfolio Management
• Business/Commercial Acumen
• Formulating strategies and concepts
• Report writing skills
• Stakeholder Management - customer focus
• Problem Solving

 
LEADERSHIP COMPETENCIES

• Resilience
• Decisiveness in Execution
• People Engagement
• Communication and Engagement
• Diverse Stakeholder Management
• Teamwork
• Innovation
• Change leadership
• Strategic Thinking
• Business Mindset

 
BEHAVIOURAL COMPETENCIES

• Presentation and communication skills
• Negotiation skills
• Relationship Building and Networking skills
• Persuading and Influencing skills
• Coaching and Mentoring
• Leading and Co-ordinating
• Competent in coaching and mentoring of team members

 
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COMPLIANCE OFFICER
Job number IDC00351
Job Grade P-Band
Closing date 26-Sep-2024
 
Job Description
The Compliance Officer is responsible for assisting and supporting SBUs/Departments in complying with the all applicable regulatory requirements (i.e. Laws, Regulations and Supervisory requirements (i.e. rules, codes and self-regulatory organizational standards) applicable to the IDC by facilitating the implementation, management and maintenance of the compliance methodology.
 
QUALIFICATION
•    Commerce or Legal degree or equivalent
 
KNOWLEDGE & SKILLS
•    5 to 8 years relevant and practical compliance risk management or legal experience
•    Member of the Compliance Institute of Southern Africa
 
Roles and Responsibilities
 
COMPLIANCE RISK IDENTIFICATION AND ASSESSMENT

• Conduct formal Compliance Risk Profile workshops to identify and assess the total universe of regulatory requirements applicable to the IDC and its Business Unit/Depts.
• Conduct informal Compliance Risk Profile reviews to identify amended and/or new regulatory requirements and update the Compliance Risk Profile/s accordingly in support of the overall IDC Compliance Risk Profile.
• Stay abreast of amended and/or new regulatory requirements, and pro-actively identify and communicate the impact of the anticipated regulatory change on the IDC and its Business Units/Depts.
• Compile and continuously update, manage and execute an SBU/Dept. Compliance Coverage Plan, detailing the compliance risk identification, assessment, management, monitoring and reporting activities to be undertaken for a financial year.

 
COMPLIANCE RISK MANAGEMENT

• Compile Compliance Risk Management Plans for the applicable regulatory requirements.
• Review, manage and update existing Compliance Risk Management Plans when so required, but at the least once every two years.
• Provide compliance advice to the SBUs/Depts on the requirements stipulated within the compliance-owned policies, the regulatory control environment (existing and/or new) and the ways in which to minimize the impact of occurred non-compliance.
• Participate in projects to identify applicable compliance risks and advise on the management and mitigation thereof.
• Undertake compliance awareness activities such as:
• contributing articles to in-house publications;
• distributing interesting and relevant articles; and conducting presentations to the SBUs/Dept. on applicable regulatory requirements to support the embedment and enhancement of a culture of compliance.

 
COMPLIANCE RISK MONITORING

• Plan, manage and conduct compliance monitoring (i.e. control adequacy reviews, control effectiveness reviews, control self-assessment questionnaires/sign-offs and/or control spot check reviews) on the applicable regulatory requirements.
• Compile and discuss the Compliance Review Report with the SBU/Dept and agree the corrective actions to be taken, the person responsible for implementing the corrective actions and the due date for implementation.
• Log all compliance findings on the Compliance Issues Log, manage and track the progress made by the SBU/Dept. in closing the finding/s and ensure that the Compliance Issues Log accurately reflects all amendments, supporting the integrity of the data reported on to the relevant governance committees.

 
COMPLIANCE RISK REPORTING

• Compile and submit a Compliance Risk Profile Report to the SBUs/Depts.
• Compile, agree and submit a SBU/Dept. Compliance Coverage Plan with/to the SBU/Dept.
• Compile, manage, discuss and agree the Control Adequacy Review Report and/or Control Effectiveness Review
• Report and/or Control Self-Assessment Review Report and/or Control Spot Check Review Report with the SBU/Dept.
• Compile and submit a quarterly SBU/Dept. Compliance Report, detailing the status of the Management of the compliance risks within the SBU/Dept.

 
TECHNICAL/FUNCTIONAL COMPETENCIES

• Planning and Organizing
• Project Management Skills
• Strong Analytical Skills
• Presentation skills
• Stakeholder Engagement Skills
• Negotiating and Influencing
• 
  

BEHAVIOURAL COMPETENCIES

• Attention to detail. 
• Highly Ethical and integrity. 
• Good Communication skills

 
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LOANS OFFICER
Job number IDC00250
Job Grade P-Band
Closing date 25-Sep-2024
 
Job Description
The position is responsible for actioning key functions within with the Loans and Shares functions, as well as certain supervisory functions related to tasks and people
 
KNOWLEDGE AND EXPERIENCE
• A minimum of 5 - 8 years’ relevant work experience (Accounting/debtors).
• A sound knowledge of IDC processes would be an added advantage.
• SAP system experience preferably in Loans Management Module.
• Excel and Word
 
QUALIFICATION
BCom degree with accounting as major
Relevant Financial Management Degree. 
 
Roles and Responsibilities
The key functions of the position include:
• Creation of contracts on SAP following approval by the relevant credit approval committees and specific Fund approval bodies
• Monthly clearing of GL clearing accounts, as assigned.
• Checking loan agreements activated by Loans Administrators for accuracy and completeness.
• Implementation of LOAs.
• Daily disbursement processes related to Loans and Shares
• Manually maintaining interest rates on specific accounts
• Assistance with Legal Matters, Certificate of Indebtedness, litigation matters
• Online debit order collections on relevant payment dates
• Preparation of normal and IRR settlement amounts, on request from business.
• Action write-offs as approved by the relevant approval bodies and in line with Delegation Matrix
• Post-approval changes on SAP, including but not limited to the CAM system.
• Management of Trade Finance revolving credit facility transactions
• Management of Guarantee and Letter of Undertaking processes
• Management of all Share-related transactions, including but not limited to the selling and purchasing of shares, redemptions and dividends.
• Releasing contracts on SAP, subject to certain authority levels to be determined.
• Posting of debit positions and other business operation items
• Signing of security release forms as requested by Corporate Secretariat.
• Managing the completeness and execution of designated tasks, such as legal agreements, CAMs; LOAs; Guarantees etc.
• Co-management of large, complex transactions together with administrators
• Maintain accuracy of Loans TB for assigned SBUs.
• Manage IMC processes, as required, for assigned SBUs.
• Review and posting of journals, as required.
• Reconciliation of the Loans TB to the IDC GL
• Addressing internal and external client queries and review pertaining to queries
• Ad hoc on the job training and mentoring of staff.
• Liaising with Internal and External Auditors
• Numerous routine and ad-hoc support functions
 
Job Requirements
BEHAVIOURAL COMPETENCIES
• Deadline driven
• Attention to detail
• Must be able to work effectively within a team structure
• Good Communication Skills
• Good Interpersonal Skills
• Coping with Pressures and Setbacks
• Good Time Management Skills
 
TECHNICAL COMPETENCIES
• Supervisory Skills
• Project Management Skills
• Strong Analytical Skills
• Planning and Organising Skills
 
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