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INDUSTRIAL DEVELOPMENT CORPORATION (IDC) VACANCIES
INDUSTRIAL DEVELOPMENT CORPORATION (IDC)
SENIOR LEGAL ADVISOR
Job number IDC00362
Job Grade P-Band
Closing date 05-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 and Experience
Qualification
Roles and Responsibilities
Job Requirements
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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SENIOR LEGAL ADVISOR
Job number IDC00362
Job Grade P-Band
Closing date 05-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 and Experience
Qualification
- Law degree and Admission as an Attorney essential
- Master’s degree such as LLM desirable
- 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
Job Requirements
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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ANTI MONEY LAUNDERING CONTROL OFFICER
Job number IDC00361
Job Grade P-Band
Closing date 04-Sep-2024
Job Description
The Anti-Money Laundering Control Officer is responsible for assisting and supporting STRATEGIC BUSINESS UNITS/Departments in complying with all the anti-money laundering control legislation (e.g. FATF recommendations 40+9, POCA, PRECCA, FICA, POCDATARA) applicable to the IDC by developing the AMLC/PIP-PEP/Sanctions framework and procedures, facilitating the implementation, creating the required awareness, performing compliance reviews and reporting on level of compliance.
He/she will be responsible for designing, evaluating, supporting, and influencing a culture of compliance throughout the organization, as well as assisting in the management and execution of an efficient compliance monitoring program
Qualification and Experience
Qualifications:
• LLB/ B. Com or equivalent qualification.
• Accredited or certified member of the Compliance Institute of South Africa (CISA).
• A Certificate in Anti-Money Laundering Control.
• CAMS Certification or a Certificate in Compliance Management will be an added advantage.
Knowledge and Experience:
• At-least 5-8 years’ experience in anti-money laundering compliance management environment.
• Sound experience in report writing and presentation skills.
• Knowledge of the Siron System will be an added advantage.
• Experience developing and implementing compliance programs
Roles and Responsibilities
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
• Team player with the ability to work unsupervised
• Exceptional analytical and investigative skills
• Strong project management skills
• Willingness to work on various compliance issues
• Must be able to adapt to working in a fast-paced environment
• Excellent verbal and written communication skills
• Exceptional presentation skills
• Strong organization skills and attention to detail
• Stakeholder Engagement Skills
• Negotiating and Influencing
BEHAVIOURAL COMPETENCIES
• Attention to detail.
• Highly Ethical and integrity.
• Good Communication skills
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ANTI MONEY LAUNDERING CONTROL OFFICER
Job number IDC00361
Job Grade P-Band
Closing date 04-Sep-2024
Job Description
The Anti-Money Laundering Control Officer is responsible for assisting and supporting STRATEGIC BUSINESS UNITS/Departments in complying with all the anti-money laundering control legislation (e.g. FATF recommendations 40+9, POCA, PRECCA, FICA, POCDATARA) applicable to the IDC by developing the AMLC/PIP-PEP/Sanctions framework and procedures, facilitating the implementation, creating the required awareness, performing compliance reviews and reporting on level of compliance.
He/she will be responsible for designing, evaluating, supporting, and influencing a culture of compliance throughout the organization, as well as assisting in the management and execution of an efficient compliance monitoring program
Qualification and Experience
Qualifications:
• LLB/ B. Com or equivalent qualification.
• Accredited or certified member of the Compliance Institute of South Africa (CISA).
• A Certificate in Anti-Money Laundering Control.
• CAMS Certification or a Certificate in Compliance Management will be an added advantage.
Knowledge and Experience:
• At-least 5-8 years’ experience in anti-money laundering compliance management environment.
• Sound experience in report writing and presentation skills.
• Knowledge of the Siron System will be an added advantage.
• Experience developing and implementing compliance programs
Roles and Responsibilities
- Assist in the development of compliance initiatives and programs to comply with the respective money laundering legal, licensing, and regulatory obligations
- Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
- Improve and maintain AML/CTF policies and procedures
- Aid in the improvement of tools to monitor, analyse, and report suspicious activity
- Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place
- Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF
- Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions
- Provide oversight to the operational team, which acts as the first line monitors and investigators of suspicious activity
- Ensure consistent and timely feedback on cases that have been escalated
- Liaise with management to develop investigative strategies
- Develop and participate in compliance programs and initiatives
- Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted
- Ensure detailed and prompt investigation of all AML/CTF incidents and cases
- Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps
- Develop and execute face-to-face / virtual training for staff in various business units as required
- Aid in general compliance awareness and refresher training
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
• Team player with the ability to work unsupervised
• Exceptional analytical and investigative skills
• Strong project management skills
• Willingness to work on various compliance issues
• Must be able to adapt to working in a fast-paced environment
• Excellent verbal and written communication skills
• Exceptional presentation skills
• Strong organization skills and attention to detail
• Stakeholder Engagement Skills
• Negotiating and Influencing
BEHAVIOURAL COMPETENCIES
• Attention to detail.
• Highly Ethical and integrity.
• Good Communication skills
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SENIOR ASSOCIATE- GROWTH CATALYST
Job number IDC00358
Job Grade M Band
Closing date 01-Sep-2024
Job Description
To implement and maintain portfolio management of the equity market portfolios, obtaining the most value through the development and implementation of value creation plans and relationship building, to achieve sustained growth and maximized profitability for the business partner which will result in the IDC partaking in the benefit realization.
Qualification and Experience
Qualifications:
Roles and Responsibilities
Job Requirements
TECHNICAL COMPETENCIES
• Value Creation Planning
• Portfolio Management
• Analytical/Diagnostic Skills
• Financial Analysis
• Financial modelling
• Business/Commercial Acumen
• Client Insights & Focus
• Formulating strategies and concepts
• Report writing Skills.
• Project Management Skills
• Problem Solving
• Creating & Innovating
BEHAVIOURAL COMPETENCIES
• Good Communication Skills
• Self-motivated
• Coping with Pressures and Setbacks
• Negotiating & Influencing
• Deciding and initiating.
• Stakeholder Management
• Planning and organizing
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SENIOR ASSOCIATE- GROWTH CATALYST
Job number IDC00358
Job Grade M Band
Closing date 01-Sep-2024
Job Description
To implement and maintain portfolio management of the equity market portfolios, obtaining the most value through the development and implementation of value creation plans and relationship building, to achieve sustained growth and maximized profitability for the business partner which will result in the IDC partaking in the benefit realization.
Qualification and Experience
Qualifications:
- Post graduate degree in commerce or engineering (with exposure to finance) discipline
- MBA/MBL/CFA or CA (SA) would be an added advantage.
- The candidate should at least have 8 to 10 years of relevant experience in post investment monitoring or portfolio management.
- Experience in a private equity environment will be an added advantage.
- Experience working in Portfolio Management environment for a financial institutions
- Experience working in a high-level collaborative environment.
- Ability to manage multiple competing priorities while building effective relationships.
- Thorough understanding of developing Value Creation activities
- Extremely organized and persistent, with drive and determination to achieve goals.
- Experience in due diligence, drawdowns and exit process of investments is essential.
- Strong financial management covering financial analysis and financial modelling
- Prior experience in the manufacturing, tourism and Agro sectors will be an added advantage.
Roles and Responsibilities
- Post investment and portfolio monitoring and management of allocated portfolio of complex and technical business partners.
- Working closely with business partners in identify areas for growth and value creation, crafting and monitoring the implementation of the value creation plans of the investee companies.
- Conduct regular business partner reviews including client visits and assigning of risk rating, and risk staging to business partners.
- Periodically conduct fair values of equity investments and impairment reviews in accordance with the approved IDC guidelines and policies on allocated portfolio of complex, technical and high value business partners.
- In collaboration with the business partner management team, define KPI’s and design dashboards to collect data for progress monitoring of such KPI’s.
- Frequent collection of data for monitoring of VC Plans and reformulating the strategic initiatives if / when required.
- Build sound relationships with business partner management teams and board through regular visits to business partners.
- Ensure value creation plans are crafted to generate revenue growth and contain and manage costs in order to improve EBIT.
- Proactively identify early warning signals and initiate appropriate intervention processes where necessary, exercising step-in rights early to limit potential losses.
- Provide non-financial value add to business partners through access to connections and resources, providing market insights and proprietary insights required to assist the Business Partner to grow – opportunity to utilize the services of Capability Sourcing in such instances.
- Monitor strategic initiative through data insights, dashboards and reports to identify deviations from agreed plans and take appropriate action.
- Collaborate with Business Units to obtain expert insights relative to specific Business Partner sectors.
- Assisting with IDC cashflow management (including input of timeous collections encompassing accurate forecasting of collections measured against actual performance).
- Implement and manage a process for forecasting Business Partner dividend payments and future projections and variants on dividend income to determine contribution to IDC funding.
- Obtain/Research and analyze market, industry, and financial reviews to gain insights and trends to identify growth opportunities and areas of concern.
- Ensure that all necessary amendments to contracts during the life span of the business partner are adequately executed.
- Monitor and timeously report on undrawn facilities on the allocated portfolio of business partners.
- Ensure that all exits processes i.e., early settlement, IRR and other calculations and release of security on allocated portfolio of business partners are properly executed.
- Promptly monitor all payments due to IDC including interest, capital, dividends, fees etc. on allocated portfolio of business partners
- Analyze financial information from allocated business partners on a regular basis and assess the need for initiating intervention based on the analysis.
- Work closely with the boards and management teams of the investee companies to ensure that the business partners under management are profitable.
- Monitor and evaluate that proper governance structures exist and are being applied.
- Work collaboratively with members of the IDC teams to ensure that the investee companies under management achieve their stated targets and forecasts
- Prepare portfolio reports as and when required on the portfolio under management.
- Provide continuous technical guidance to fellow team in all key areas of their responsibilities.
Job Requirements
TECHNICAL COMPETENCIES
• Value Creation Planning
• Portfolio Management
• Analytical/Diagnostic Skills
• Financial Analysis
• Financial modelling
• Business/Commercial Acumen
• Client Insights & Focus
• Formulating strategies and concepts
• Report writing Skills.
• Project Management Skills
• Problem Solving
• Creating & Innovating
BEHAVIOURAL COMPETENCIES
• Good Communication Skills
• Self-motivated
• Coping with Pressures and Setbacks
• Negotiating & Influencing
• Deciding and initiating.
• Stakeholder Management
• Planning and organizing
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SENIOR ACCOUNT MANAGER LEVEL 1
Job number IDC00355
Job Grade M Band
Closing date 31-Aug-2024
Job Description
To assist with management of various processes including to evaluate, prepare and present applications for funding that contribute towards the Department objectives and the various funding Programmes’ development goals. This would include performing the financial and/or technical and/or marketing due diligence functions for individual and cluster applications, structuring of the facilities and ensuring risk identification and mitigation. To pro-actively provide value-adding and strategic advice, support and guidance to the Programmes and relevant stakeholders.
Qualification and Experience
QUALIFICATIONS:
Roles and Responsibilities
Financial / Shareholder Returns
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES:
BEHAVIOURAL COMPETENCIES:
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SENIOR ACCOUNT MANAGER LEVEL 1
Job number IDC00355
Job Grade M Band
Closing date 31-Aug-2024
Job Description
To assist with management of various processes including to evaluate, prepare and present applications for funding that contribute towards the Department objectives and the various funding Programmes’ development goals. This would include performing the financial and/or technical and/or marketing due diligence functions for individual and cluster applications, structuring of the facilities and ensuring risk identification and mitigation. To pro-actively provide value-adding and strategic advice, support and guidance to the Programmes and relevant stakeholders.
Qualification and Experience
QUALIFICATIONS:
- Minimum qualification: relevant commercial honours degree
- An additional qualification for e.g. CA, MBA/MBL would be an advantage.
- 8-10 years related experience of which 8 years should be in deal assessment as well as closing of transactions
- Declared competent or working towards three due diligence disciplines (Marketing, Technical and Financial)
- Knowledge in assessing all associated issues in a transaction (Legal, risks, etc.)
- Experience in peer reviews
- Experience in complex financial modeling and interpretation thereof
- Experience in interpretation and analysis of financial statements
- Knowledge of the process and assessment of the market environment and technology landscape
- Knowledge of financing instruments (i.e. grants and concessional funding structures)
- Understand review and assessment of feasibility of models of proposed financial structures
- Experience in presenting applications for approval to investment committees
- Negotiation of legal agreements and implementation thereof
- Competent in coaching and mentoring of team members.
Roles and Responsibilities
Financial / Shareholder Returns
- Ensure financial soundness of all credit submissions.
- Ensure financial and developmental reporting to stakeholders are timeous and accurate.
- Develop/input into financial models
- Manage end-to-end application and submission process
- Evaluate applications for finance (financial, technical and marketing disciplines)
- Conduct and/or manage due diligence on applications in line with the Department’s Standard Procedures.
- Designing and negotiating the financial and legal relationship between the client and IDC for the specific deal.
- Risk identification and mitigation
- Deal optimization - ensuring that the deal is aligned with the strategic objectives of the Department and will contribute to meeting industry development goals
- Support the development and implementation of strategies or action plans to drive the Department’s strategic objectives.
- Account management function up to first drawdown
- Prepare well written and motivated reports for presentation to the relevant approval Panel and any other Panel as may be required.
- Conduct peer reviews on all due diligence disciplines.
- Monitor deals post implementation i.r.o reporting, M&E and any other information that may be required by the Department.
- Training, mentoring and coaching of Account Managers
- Provide guidance to Business Analysts and Dealmakers in the handling of enquiries, applications and submissions and post-investment activities.
- To engage with applicants effectively and timeously during application and approval process.
- To effectively interact with different SBUs and departments in order to fulfil the process requirements related to any specific deal / transaction.
- Manage and enhance the levels of service and communication to ensure the provision of client service excellence.
- Provide team leadership in transactions during due diligence
- Manage own development to enhance own competencies
- Participate in knowledge sharing in the team and cross functional
- Coaching and mentoring of team members
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES:
- Financial acumen
- Risk identification and mitigation
- Investment/Portfolio Management
- Stakeholder Management and customer focus
- Planning and organising
- Report writing skills
BEHAVIOURAL COMPETENCIES:
- Presentation and communication skills
- Negotiation skills
- Relationship Building and Networking skills
- Persuading and Influencing skills
- Coaching and Mentoring
- Leading and Co-ordinating
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SAICA TRAINEE ACCOUNTANT
Job number IDC00353
Job Grade S Band
Closing date 30-Sep-2024
Job Description
The purpose of the CA Learnership is to present potential Chartered Accountants to serve articles within the Corporation. Formal training through practical experience and a structured program is provided and at the same time, IDC contributes to the provision of future high-level qualified CA manpower requirements of the country in general as outlined in the National Development Plan:
Qualification and Experience
QUALIFICATION:
To qualify for the learnership you will have to have completed or enrolled in one of the following SAICA-accredited programs looking to enrol for ITC in January 2025:
TECHNICAL COMPETENCIES:
BEHAVIOURAL COMPETENCIES:
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SAICA TRAINEE ACCOUNTANT
Job number IDC00353
Job Grade S Band
Closing date 30-Sep-2024
Job Description
The purpose of the CA Learnership is to present potential Chartered Accountants to serve articles within the Corporation. Formal training through practical experience and a structured program is provided and at the same time, IDC contributes to the provision of future high-level qualified CA manpower requirements of the country in general as outlined in the National Development Plan:
- To develop a talent pipeline of Chartered Accountants for the core business areas within IDC
- To create opportunities for unemployed graduates with the required qualifications to develop competencies in the IDC environment.
- To grant graduates an opportunity to network with professionals and learn about the different career paths that are available in the corporation.
- To Develop the necessary range and depth of experience and cultivate future business leaders
Qualification and Experience
QUALIFICATION:
To qualify for the learnership you will have to have completed or enrolled in one of the following SAICA-accredited programs looking to enrol for ITC in January 2025:
- Certificate in Theory of Accounting (CTA),
- Post Graduate Diploma in Accounting
- Honours Degree in Accounting.
TECHNICAL COMPETENCIES:
- In-depth knowledge of the respective field of study.
- Sound knowledge about the Industrial Development Corporation
- MS Office: Excel, Word, PowerPoint, Outlook, MS Teams
- Ability to liaise effectively at a high level
BEHAVIOURAL COMPETENCIES:
- Is proactive and forward-thinking
- Relating and Networking
- Planning and organising
- Following Instructions and Procedures
- Coping with Pressures and Setbacks
- Adhering to Principles and Values
- Teachable
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INTERNSHIP PROGRAM
Job number IDC00349
Job Grade S Band
Closing date 29-Aug-2024
Synopsis
The Industrial Development Corporation of South Africa Limited (the IDC) is a self-financing, state-owned national development finance institution which provides finance for industrial development projects, playing a catalytic role in promoting partnerships across industries within and outside our borders, promoting regional economic growth.
We do this by:
• Proactively identifying and funding of high-impact and labour-intensive projects.
• Leading the creation of viable new industries.
• Using our diverse industry expertise to drive growth in priority sectors; and
• Taking up higher-risk funding projects.
Job Description
The IDC offers workplace exposure through an internship programme for a period of 18-months. Our programme aims to provide a customised, structured, and supervised workplace experience. This allows qualified youth to gain valuable work experience, explore career paths, networking opportunities and mentoring through experienced professionals.
The IDC internship programme is a 18month fixed-term contract that provides workplace experience underpinned by a carefully designed training program customized to allow one to gain valuable work experience, explore career paths, networking with professionals in the workplace while earning a stipend.
Through our customised onboarding programme, we will settle you into IDC and set you up for success. You will be immersed in a series of accredited learning assets covering areas meant to anchor you in your journey of 18 months, while we expose you to the latest curated on-line content addressing our DNA embedded IDC core competencies.
We are therefore inviting applications for an internship programme which will run for a period of 18 months. Interns will be placed nationally within the IDC (Head Office & Regions).
Qualification and Experience
Applicants must be able to satisfy these basic eligibility requirements to apply for the internship:
Candidates will be required to undergo the competency-based interviews.
The following checks will be conducted, Criminal Record checks, verification of educational qualification and proof of South African citizenship.
Successful candidates will be required to sign a 18-month fixed term employment contract.
If you don’t hear from us after 4 weeks from the closing date, please consider your application unsuccessful.
Applicants must be in possession of any qualification of the following fields.
BCom Accounting/Financial Management (Specialising in Management Accounting) or Financial Accounting/ BTech Cost & Management Accounting; Honours Information Science with specialisation in Knowledge Management, BCom (Law); or LLB; Honours Degree in Mathematical Finance/ Financial Engineering/Quantitative Risk or Finance/Financial Modelling/Actuarial Science/Financial Econometrics/Mathematical Economics; Diploma Travel Tourism/Business Travel; BEng. Industrial Engineering/BSc Environmental Science. CTA and Honours in Finance or Accounting. BCom/ BA Human Resource Management, Diploma Human Resources Management/Development; BA/BCom Psychology, Master’s in psychology (completed or in progress); Diploma / Degree in Information Management or Archival Studies; Degree/Diploma in Logistics Management/Purchasing; BSc IT/B.IT; BA/Advanced Diploma in Media Studies/Journalism/Communication/Brand Communication. BCom Marketing Management/Public Relations/Project Management.
Job Requirements
Job-Related Skills
Ability to build and manage relationships
Good written and verbal communication skills
scheduling and time management skills
Good attention to detail
Good interpersonal skills
Ability to liaise and engage with both internal and external clients
Excellent customer relationship skills
Respect for confidentiality due to the nature of work
Innovation and Creativity
BEHAVIOURAL COMPETENCY
Is proactive and forward-thinking
Relating and Networking
Strong Professional Judgement in managing situations and/or confidential information
Relating and Networking
Planning and Organising
Following Instructions and Procedures
Coping with Pressures and Setbacks
Adhering to Principles and Values
Presenting and Communicating Information
Teachable
TECHNICAL COMPETENCY
In-depth knowledge of the respective field of study.
Sound knowledge about the Industrial Development Corporation
MS Office: Excel, Word, PowerPoint, Outlook, MS Teams
Ability to liaise effectively at a high level
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INTERNSHIP PROGRAM
Job number IDC00349
Job Grade S Band
Closing date 29-Aug-2024
Synopsis
The Industrial Development Corporation of South Africa Limited (the IDC) is a self-financing, state-owned national development finance institution which provides finance for industrial development projects, playing a catalytic role in promoting partnerships across industries within and outside our borders, promoting regional economic growth.
We do this by:
• Proactively identifying and funding of high-impact and labour-intensive projects.
• Leading the creation of viable new industries.
• Using our diverse industry expertise to drive growth in priority sectors; and
• Taking up higher-risk funding projects.
Job Description
The IDC offers workplace exposure through an internship programme for a period of 18-months. Our programme aims to provide a customised, structured, and supervised workplace experience. This allows qualified youth to gain valuable work experience, explore career paths, networking opportunities and mentoring through experienced professionals.
The IDC internship programme is a 18month fixed-term contract that provides workplace experience underpinned by a carefully designed training program customized to allow one to gain valuable work experience, explore career paths, networking with professionals in the workplace while earning a stipend.
Through our customised onboarding programme, we will settle you into IDC and set you up for success. You will be immersed in a series of accredited learning assets covering areas meant to anchor you in your journey of 18 months, while we expose you to the latest curated on-line content addressing our DNA embedded IDC core competencies.
We are therefore inviting applications for an internship programme which will run for a period of 18 months. Interns will be placed nationally within the IDC (Head Office & Regions).
Qualification and Experience
Applicants must be able to satisfy these basic eligibility requirements to apply for the internship:
- Applicants must be South African Citizens
- Applicants must be less than 35 years of age.
- Effective English writing and verbal communication skills
- Not be studying at any other institution.
- Applicant must not be registered or have been on any Learnership or Internship Programme
- All applicants must have a completed Qualification.
Candidates will be required to undergo the competency-based interviews.
The following checks will be conducted, Criminal Record checks, verification of educational qualification and proof of South African citizenship.
Successful candidates will be required to sign a 18-month fixed term employment contract.
If you don’t hear from us after 4 weeks from the closing date, please consider your application unsuccessful.
Applicants must be in possession of any qualification of the following fields.
BCom Accounting/Financial Management (Specialising in Management Accounting) or Financial Accounting/ BTech Cost & Management Accounting; Honours Information Science with specialisation in Knowledge Management, BCom (Law); or LLB; Honours Degree in Mathematical Finance/ Financial Engineering/Quantitative Risk or Finance/Financial Modelling/Actuarial Science/Financial Econometrics/Mathematical Economics; Diploma Travel Tourism/Business Travel; BEng. Industrial Engineering/BSc Environmental Science. CTA and Honours in Finance or Accounting. BCom/ BA Human Resource Management, Diploma Human Resources Management/Development; BA/BCom Psychology, Master’s in psychology (completed or in progress); Diploma / Degree in Information Management or Archival Studies; Degree/Diploma in Logistics Management/Purchasing; BSc IT/B.IT; BA/Advanced Diploma in Media Studies/Journalism/Communication/Brand Communication. BCom Marketing Management/Public Relations/Project Management.
Job Requirements
Job-Related Skills
Ability to build and manage relationships
Good written and verbal communication skills
scheduling and time management skills
Good attention to detail
Good interpersonal skills
Ability to liaise and engage with both internal and external clients
Excellent customer relationship skills
Respect for confidentiality due to the nature of work
Innovation and Creativity
BEHAVIOURAL COMPETENCY
Is proactive and forward-thinking
Relating and Networking
Strong Professional Judgement in managing situations and/or confidential information
Relating and Networking
Planning and Organising
Following Instructions and Procedures
Coping with Pressures and Setbacks
Adhering to Principles and Values
Presenting and Communicating Information
Teachable
TECHNICAL COMPETENCY
In-depth knowledge of the respective field of study.
Sound knowledge about the Industrial Development Corporation
MS Office: Excel, Word, PowerPoint, Outlook, MS Teams
Ability to liaise effectively at a high level
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HUMAN CAPITAL BUSINESS PARTNER
Job number IDC00352
Job Grade P-Band
Closing date 29-Aug-2024
Job Description
The purpose of this role can be defined into the following distinct functions:
- To provide a client centric and service orientated Human Capital advisory service to business in the implementation of
people strategies and initiatives - Support the operationalizing and execution of people strategies.
- To be a trusted, credible people coach and advisor to line managers and employees alike.
- Ensure the effective risk analysis, mitigation and management of people practices and processes in the business
Qualification and Experience
Qualification
- Relevant degree in Human Resources or related.
- Postgraduate degree would be advantageous.
- Minimum of 5-8 years of progressive, practical exposure/application of human resource management processes with a generalist background and exposure to recruitment, selection, training, talent management, organisational development, change, recognition and reward, employee relations relevant legislation and employment laws within a complex environment.
- Strong background in partnering with the diverse stakeholders.
- Experience in use and application of relevant psychometric assessments with
certification as an assessment practitioner being advantageous. - Knowledge and understanding of various Labour Laws.
- Knowledge and understanding of end-to-end recruitment and disciplinary processes.
- Knowledge of performance management methodologies, processes and practices.
- Knowledge and of various Change Management methodologies and practices.
- Knowledge of Talent Management processes including succession planning, 9-Box Grid.
- Knowledge of various team interventions such as Assimilations.
- Knowledge and understanding of workforce planning and people strategy
implementation. - Knowledge and understanding of Employee Wellness processes.
- Knowledge and understanding of driving transformation in the business through culture management, employee engagement, etc.
Roles and Responsibilities
FUNCTIONAL OPERATIONS MANAGEMENT
HC Execution
- Partners with the Senior HCBP to drive the implementation of strategies that will engage people in delivering the organization’s vision.
- Partners with Senior HCBP and COE to ensure execution of relevant HC projects as per the business needs
- Communicate and engage with respective Divisions’ management and/or employees
- Obtain feedback with regards to implementation and ensure such feedback is translated back to HC Strategy and processes
- Provide expert advice and coaching to all stakeholders when appropriate
- Develop and promote ongoing feedback mechanisms for employees to influence the continuous improvement of HC services and processes
- Identify new opportunities for HC to add value to the business.
- Provide inputs and guidance on HC requirements for business
- Implements, communicates and offers advice on standard HC systems, processes, policies, procedures, plans, and ensure programs are in place
and effectively utilized (reward and recognition, employee relations, workforce planning, resourcing, performance management, etc.).
- Support with implementation of people strategies aimed at facilitating a high-performance culture
- Provide on-going line management coaching and training around driving a high-performance culture in their units
- Ensure performance management process and system is optimally deployed/implemented in units.
- Works with internal stakeholders to identify risk areas and address them.
- Partners with ER and Transformation Specialists to ensure a sound ER environment within the business units.
- Attend to all labour related matters including supporting CCMA cases.
- Support line managers in forecasting and planning their talent pipeline requirements in line with the function or business strategy and ensure
appropriate capacitation is in place - Ensure that remuneration and reward is competitive by providing guidance and direction to Senior management on latest market and industry
trends. - Work with the Total Rewards and Shared Services to co-ordinate the Annual Salary Increase and incentive process.
- Implement and encourage the company recognition programmes and other initiatives to build a culture of recognition
- Support the achievement of the Employee Value Proposition to create a ‘Great Place to Work’ environment.
- Support the implementation of the Integrated Talent management processes, i.e. Talent Reviews, Development, Retention programmes and or initiatives.
- Supports the implementation of organisational effectiveness interventions.
- Support and monitor the implementation of change plans.
- Proactively implement interventions which would assess the level of engagement in the business i.e. employee engagement survey’s.
- Support and monitor the execution of the business case for change against agreed metrics.
- Support the implementation of Employment Equity Plans and ensure that a medium/long term plan is developed to address representation at a Senior management, Professionally qualified and skilled technical levels.
- Implement programs to drive a strong diversity, equity and inclusion, ) culture
- Prepares analytics and organizational health measures such as disciplinaries, grievances, performance management, employee wellness matters, absenteeism and other organizational measures across the business unit
- Review, consolidate and identify trends around people scorecards to inform unit engagement. In collaboration with the Senior HCBP/HCBP develop, monitor and manage actions to address these (for example high turnover among high performers).
- Compile and present divisional/departmental people dashboard to the divisional leadership team.
- Deliver on talent acquisition service to the business.
- Implementation of people movements/changes within the business (promotions, transfers, secondments, job rotations, role upgrades, salary adjustments, etc.).
- Planning and coordination of sessions and related documentation (team cohesion, talent reviews, culture, organizational development (OD), change and learning and development initiatives.
- Facilitation of post appointments, stay and exit interviews. Drive implementation of people related outcomes from these interviews.
- Support the offboarding process of employees.
- Quarterly HC Audit and adhoc reporting
- To continuously research and find new ways of doing the work.
- To take ownership of Personal Development.
- To promote/participate in knowledge sharing with team members
- Identifies service requirements and performance and delivers on these
- Maintains regular communication and engagement with stakeholders
- Manages and resolves non-delivery and compliance issues
- Units’ objectives, standards and operating procedures are communicated to internal and external service providers as per SLA
Job Requirements
Job-Related Skills
Project Management and Implementation Skills
Coaching and Mentoring Skills
Group Facilitation Skills
Job evaluation and profiling skills
People Management skills
Emotional Intelligence
Empathy
Conflict Management skills
Talent Acquisition skills
Problem Solving Skills
Data analysis/analytics/reasoning of data
Networking/influencing and negotiation skills
UCF COMPETENCY PROFILE (BEHAVIOURAL)
Deciding and Initiating Action
Leading & Supervising
Adhering to Principles & Values
Relating & Networking
Writing and Reporting
Analysing
Planning and Organising
Delivering Results and Meeting Customer Expectations
Presenting and Communicating Information
Learning and Researching
Following Instructions and Procedures
Achieving Goals and Objectives
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COMPLIANCE OFFICER
Job number IDC00351
Job Grade P-Band
Closing date 28-Aug-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 and Experience
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.
- 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.
- 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.
- 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.
Job Requirements
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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