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INDUSTRIAL DEVELOPMENT CORPORATION (IDC)
 
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PAYROLL ADMINISTRATOR
JOB NUMBER IDC00279
JOB GRADE A Band
CLOSING DATE 25-May-2024
 
JOB DESCRIPTION
To provide administrative support to the payroll function by ensuring that all payroll data, processes and associated administration and services are accurately delivered within the agreed deadlines. 
 
QUALIFICATION AND EXPERIENCE
Qualification
  • Matric 
  • Relevant HR Diploma   
  • Registration with relevant professional body (Will be an added advantage)
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Experience
  • A minimum of 4 years’ experience in payroll administration in complex environments.   
  •  Knowledge of SAP HR Module
  • Knowledge of relevant legislation BCEA, LRA, Skills Development, Provident Fund Tax Act, COIDA etc.
 
ROLES AND RESPONSIBILITIES
Payroll Processing
•    Reviews rosters, time sheets, wage and salary computation and other information to detect and reconcile payroll discrepancies. 
•    Processes paperwork for new employees and enter employee information into the payroll system. 
•    Verify attendance, hours worked, and pay adjustments, and post information onto designated records. 
•    Generating reports for payments e.g., PAYE returns and other third parties 
•    Maintain a proper document control system 
•    Keep abreast with company policies and tax legislations that impact on remuneration 
•    Monitor leave management to ensure compliance with policy and procedures. 
•    Analyse leave utilisation trends to identify risks and recommend corrective actions. 
•    Prepare reports, letters, and documents relative to this role. 
•    To liaise with and give appropriate information and advice to clients as and when required; via email/telephone etc. 
•    To assist with the general administration of work within the payroll team



Reporting, Payroll Systems Management and Maintenance
•    Compute wages and deductions and capture information on relevant systems 
•    Record employee information, such as transfers and resignations, to maintain and update payroll records 
•    To assist in the compilation of reports and records and assessment of data as may be required by the Supervisor 
•    To assist in the compilation, maintenance and analysis of client personnel records 
•    To assist in the compilation, maintenance and analysis of client payroll records 
•    To use computerised systems e.g., SAP, Word, Excel, Outlook and databases, to input and manage data and produce required documentation

Query Resolution
•    Issue and record adjustments to pay related to previous errors or retrospective increases 
•    Capture and implement legal instructions against employees’ salaries to ensure compliance with the relevant legislations IDC/HO/HC Payroll Administrator
•    Respond to queries from employees in an accurate and timeous fashion.
 
JOB REQUIREMENTS
  • Delivering results and meeting customer expectations      
  •  Following instructions and procedures    
  •  Analysing       
  • Working with people       
  • Learning and Researching     
  • Planning and Organising      
  • Achieving Goals and Objectives     
  • Coping with pressure and setbacks    
  •  Relating and Networking        
  • Applying Expertise and Technology        
  •  Adapting and Responding to Change       
  • Deciding and Initiating Action        
 
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SENIOR DEALMAKER - AUTOMOTIVE AND TRANSPORT EQUIPMENT
JOB NUMBER IDC00275
JOB GRADE M Band
CLOSING DATE 22-May-2024
 
JOB DESCRIPTION
To evaluate and present applications for funding and structure deals that contribute towards SBU objectives and industry development goals.
This would include performing the complex financial and/or technical and/or marketing due diligence functions, as well as leading a due diligence team and ensuring risk identification and mitigation.
 
QUALIFICATION AND EXPERIENCE
Qualification
  • Relevant commercial or technical Honours Degree or equivalent qualification.
 
Knowledge & Skills
  • 8-10 years related experience of which 8 years should be in deal assessment as well as closing of transactions (i.e. management of approved deals up to first drawdown, including ensuring timely conclusion of legal agreements).
  • Declared competent in three due diligence disciplines (Marketing, Technical and Financial)
  • Grounded in all three disciplines
  • Transaction leadership (complex deals)
  • Knowledge in assessing all associated issues in a transaction (Legal, risks, etc.)
  • Experience in peer review
  • Experience in interpretation and analysis of financial statements
  • Knowledge of the market environment and technology landscape
  • Knowledge of financing instruments
  • Understand and review models of proposed financial structures
  • Competent in coaching and mentoring of team members.
 
ROLES AND RESPONSIBILITIES
Financial /Shareholder Returns
  • Evaluate and effectively structure transactions with detailed application of IDC financing instruments.
  • Ensure financial soundness of all credit submissions.
 
Internal /Operational Processes
  • Evaluate applications for finance (financial, technical and marketing disciplines)
  • Deal structuring - Designing and negotiating the financial and legal relationship between the client and IDC for the specific deal.
  • Risk identification and mitigation
  • Leading of due diligence teams on high value / complex transactions
  • Deal optimization - ensuring that the deal is aligned with the strategic objectives of the unit and will contribute to meeting industry development goals
  • Support the development and implementation of strategies or action plans to drive the SBU’s strategic objectives.
  • Account management function up to first draw
  • Prepare well written and motivated reports for presentation to the relevant Credit and other committees as required.
  • Conduct peer reviews on all due diligence disciplines.
  • Training, mentoring and coaching of Business Analysts and Dealmakers
  • Provide advice to Business Analysts and Dealmakers in the handling of enquiries and applications
 
Customer Focus & Stakeholder Management
  • To effectively interact with different SBUs and departments in order to fulfil the process requirements related to any specific deal /
  • Manage and enhance the levels of service and communication to ensure the provision of client service excellence.
 
Learning, Leadership & People Growth
  • 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
 
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PLANT EQUIPMENT & MACHINERY VALUER (FTC: 24 MONTHS)
JOB NUMBER IDC00273
JOB GRADE P-Band
CLOSING DATE 22-May-2024
 
JOB DESCRIPTION
To independently assess and provide expect advise on the estimated new replacement cost, open market, forced sale and other values of physical assets (plant, equipment and machinery) in order to ensure that physical assets, including those considered for and / or taken for collateral, are properly valued.
 
QUALIFICATION AND EXPERIENCE
Qualification
  • Diploma or Bachelor’s degree in Engineering
  • Registered Professional Engineer with the Engineering Council of South Africa (ECSA), Member of Royal Institution of Chartered Surveyors (RICS), American Society Appraiser (ASA) will be an advantage
 
Knowledge & Skills
  • 5-8 years' experience in plant, machinery and equipment appraisal
  • Work experience in mechanical / industrial engineering and/or financial services industry will be an advantage
 
ROLES AND RESPONSIBILITIES
Independently conducting own assessments and valuations of plant, equipment and machinery, and providing expect advice on:
  • The appropriateness and reasonability of the Client’s anticipated capital expenditure on plant, equipment and machinery in order to validate against the applicable industry norms.
  • The functional, economic, physical obsolescence, etc of plant, equipment and machinery including the impact and implications thereof on the IDC’s physical collateral register.
  • The forecast of total and remaining economic life and value of plant, equipment and machinery including the impact and implications thereof on the IDC’s physical collateral.
  • The variance between the Client’s and own independently determined estimated capital expenditure costings, envisaged process improvements, etc, including making recommendations for adherence to industry norms and best practices.
  • The appropriateness of the envisaged plant and equipment installation strategy, methodology, programme and deliverables against set programme milestones.
  • The risks inherent in the clients’ plant and equipment projects including making recommendations for risk mitigation
  • The validity and accuracy of reviewed valuation reports of the physical assets prepared by others.
The required continuous improvement on the department’s process, procedures, templates, etc.
  • Maintain relevant records and relations in support of expertise, expert knowledge
  • Report writing and presentations at internal and external committees
  • Manage effective interaction with SBUs and Departments
  • Maintain and enhance current knowledge and awareness of valuation and other effective practices.
 
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