INDUSTRIAL DEVELOPMENT CORPORATION (IDC) VACANCIES

​SENIOR CREDIT MANAGER- ORIGINATION
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Job number IDC00547
Contract Type Permanent
Posting End Date 21 Jun 2025
Region Gauteng
IDC Job Grade M Band
 
Job Description
To partner with the Business Unit/s and become part of the core client assessment team with an aim to bring diversity of skills, disciplines and experiences in the onboarding and early assessment of credit risk and investment that deliver on the IDC mandate.
To deliver value -added skills and advisory services to the early-stage due-diligence process by appropriately co-identifying the risks being taken and proposing mitigating factors in line with the organization’s risk appetite frameworks and applicable standards.
To package and offer suitable solutions and mitigations that are aligned to the risk appetite of the Corporation thereby improving the quality of credit submissions and enhancing quicker turnaround, while maintaining an independent view.

Qualification and Experience
QUALIFICATIONS

• CA / B Com post graduate qualification (or equivalent degree).
• MBA would be an added advantage.

 
KNOWLEDGE AND EXPERIENCE

• 8 to 10 years’ relevant experience in a financial institution, 5 years of which must be specifically in Credit Risk.
• Knowledge and understanding of credit risk and any associated risks prevalent in the financing of transactions/projects.
• 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 a drive and determination to achieve goals.
• Require excellent computer skills and proficiency with Microsoft Office (Excel, Access, Word, PowerPoint).
• Exceptional planning and organizational skills: the ability to handle several complex tasks simultaneously.
• The ability to coordinate key projects with a variety of stakeholders is essential.
• Proven communication skills are essential - must possess excellent written and verbal skills to be able to work effectively with others.
• Ability to present and communicate technical information in a clear and concise manner.
• Possess the ability to make deductions and meaning from complex and abstract situations and make sound decisions from these factors.
• Must have the ability to work under pressure and cope with stress in a coordinated manner and be able to make rational decisions even under stressful/ high pressure situations.
• Negotiation and interpersonal skills are essential to negotiate and influence people towards achieving a predetermined goal.

 
Roles and Responsibilities

• Participate in Due Diligence investigations with the SBUs & Regional Offices, provide advice on risks to be assumed, mitigating factors and assessing viability of projects.
• Preparing preliminary SWOT analysis and ensuring application of Credit policies and credit appetite framework utilizing approved standard templates.
• Participation in Basic Assessment processes and presenting the Credit Risk Opinion and obtain CEM participation and indication of final credit structure requirements.
• Assist in risk identification and mitigation, ensuring compliance to credit policy and spreading of financials (if not undertaken by business) and provide SBU with “indicative risk grade and pricing”.
• In collaboration with the Legal Services Department seek for the adoption of a consistent approach in the drafting of standardized finance documentation across Group Counterparties as appropriate to ensure adoption of consistent credit terms.
• Encourage adherence to the organization’s stated Risk Appetite levels to the front line and encourage conduct to be within such stipulated appetite levels.
• Ensure credit submissions are undertaken in strict compliance with the official Credit and Investment submission templates of the Corporation.
• As part of the integral team dealing with applications, ensure that SBU completed applications are reviewed and edited to ensure fit-for purpose assessment and appropriate risk lens on structure /tenor/products and shareholder contribution using approved IDC Credit Templates.
• Provide input into the review and enhancement of the IDC Credit & Investment Template as required.
• Facilitate constructive working relations and healthy working morale between the Credit Risk Department and relevant SBUs.
• Provide appropriate guidance and support during deal development and structuring phases and act as a sounding board throughout the credit on-boarding process.
• Identification and mitigation of project and/or counterparty risks– including the development of a project risk matrix in conjunction with the relevant SBUs.
• Ensuring that the terms and conditions of credit committee approvals are well documented and executed in the legal agreements and draw documents.
• Participate in the draw-down process and provide independent credit sign-off as required from time to time.
• Attend and participate in client and/or deal structuring meetings prior to Deal Development Forum and provide advisory credit and structuring services on potential transactions after being cleared for any potential conflict of interest.
• To co-ordinate and share information with Credit Evaluation Manager (“CEM”) in the processing of the new transaction and ensure an option is provided for CEM to attend client meetings if and as required.
• Ensure timely submission of completed and comprehensive final report pack to CEM ahead of submission into the formal Credit and Investment sanctioning process.
• Work with the deal team and Legal Services Department to ensure deal closure post Committee approval and support applications requiring waivers and/or changes of approved credit & investment terms, as and when necessary.
• Ensure adherence to the principle of “need to know” by ensuring all information shared is aligned and limited to the credit origination process.
• Perform credit checks and deed searches on prospective and existing clients.
• Attending Credit Committees and Executive Policy meetings as and when required.

 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES

• Problem Solving Skills
• Business Acumen
• Report writing Skills
• Strong attention to detail and data validity
• Project Management Skills
• Strong Analytical Skills
• Planning and Organizing
• Client Insights & Focus

 
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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​SENIOR CREDIT RISK MANAGER - EVALUATION
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Job number IDC00546
Contract Type Permanent
Posting End Date 21 Jun 2025
Region Gauteng
IDC Job Grade M Band
 
Job Description
Responsible for Credit and investment risk assessments within the organisation through:
• Processing of credit proposals, compilation of autonomous Credit Submission Reports that form part of the funding applications disseminated to Credit Committees.
• Conduct evaluation of assessments that include thorough and rigorous testing of the base case assumptions provided by the client or client facing teams and provide the necessary independent attestation on the merits of the business case.
• Where necessitated, requesting amendments to proposed terms such as gearing/leverage requirements, default covenants, cash sweep mechanisms, as well as tenor increase/decreases.
• Being able to address issues within the disciplines of the credit management cycle, including ensuring that annual reviews are undertaken at least annually by CSG, and risk grades updated and pro-actively assisting clients ahead of distress, improving the portfolio credit quality and avoiding concentrations, thereby improving earnings and growth to ensure the integrity of the IDC portfolio and instil an effective and appropriate risk management culture
 
Qualification and Experience
Qualifications
• CA / B Com post graduate qualification (or equivalent).
• MBA would be an added advantage
 
Knowledge and skills:

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

 
Roles and Responsibilities

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

 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES

• Problem Solving
• Business Acumen
• Report writing Skills
• Strong attention to detail and data validity
• Project Management Skills
• Problem Solving
• Client Insights & Focus
• Strong Analytical Skills
• Planning and Organizing
• Solution minded

 
BEHAVIOURAL COMPETENCIES

• Good Communication Skills
• Self-motivated and self-driven skills
• Coping with Pressures and Setbacks
• Negotiating and influencing
• Interpersonal Skills

 
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