INDUSTRIAL DEVELOPMENT CORPORATION (IDC) VACANCIES

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MANAGEMENT ACCOUNTANT SFP (12 MONTHS FTC)
Job number IDC00384
Job Grade P-Band
Closing date 14-Oct-2024
 
Job Description
• To perform financial planning for the IDC
• Co-ordinate and facilitate budget process for the business and consolidate for IDC
• To provide training and professional advice to relevant stakeholders within the IDC
• Ensure compliance to statutory requirements (PFMA)
 
Qualification and Experience
 
Qualifications: 
• Relevant BCom Degree (with a finance related major) 
• MBA / MBL / Post-graduate degree advantageous 
• Proficiency in SAP 
• Proficiency in Microsoft Word, Excel, PowerPoint 
• Proficiency in Power BI or other data analysis tool would be an added advantage
•Registration with relevant regulatory bodies e.g. CA (SA), CIMA, SAIPA (Would be desirable) 
Experience  
•Budget and Forecasting (5-8 years’ experience) 
• Cost Accounting and Cost Control (5-8 years’ experience) 
• Financial Analytical skills 
• Financial Planning Implementation and Enhancement 
• PFMA reporting 
• Knowledge of SAP Business Intelligence (BI) and Business Warehouse (BW) 
• Loading Budget on SAP
 
Roles and Responsibilities
 
Strategic Alignment
• Ensure that operational expenditure budget is alignment to the business strategy
• Provide support and professional advice to the cost center owners, functional areas, HODs and executive management
• Ensure timeous reporting of IDC Group Irregular and Fruitless and Wasteful Expenditure to relevant governance structures
Functional Operations Management
• Preparation of operating expenditure budgets
• Ensure that correct data is uploaded on SAP
• Monthly monitoring of performance against budgets and conduct relevant cost analysis
• Provide expert and professional advisory service to cost center owners
• Prepare, review, and interpret performance reports to determine projections for the year end
• Ensure accounting activities comply with relevant legal, professional, and ethical standards
• Prepare monthly performance presentations for submission to relevant governance structures
• Maintain and update systems and procedures and maintain a sound control environment
• Prepare and consolidate Irregular, Fruitless and Wasteful Expenditure (IFWE) report for the Group
• Prepare IFWE presentation for submission to relevant governance structures
• Ensure compliance of the PFMA submissions (timeous and accurate)
• Create and maintain cost and profit master data on SAP
• Implement and maintain cost allocation methodologies
• Attend to other ad-hoc requests
 
LEARNING AND GROWTH
• Innovative and continuous improvement on new ways of doing the work
• To take ownership of Personal Development
• To promote/participate in knowledge sharing with team members
• Provide training to trainee CA’s
• Active learning
Stakeholder Management
•Provide support and professional advice to the cost center owners, functional areas, HODs and executive management
Reporting
• Monthly and quarterly reporting of operational expenditure to relevant stakeholders and governance structures
• Annual Budget reporting to relevant stakeholders and governance structures
• Manage and co-ordinate the consolidation of IFWE reporting for the Group
• Ensuring compliance with statutory requirements
 
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CREDIT ORIGINATION ANALYST
Job number IDC00383
Job Grade P-Band
Closing date 13-Oct-2024
 
Job Description
Responsible for the oversight on the origination of deals and management of Credit and investment risk at the onboarding stage.
 
Qualification and Experience
 
Qualifications:

• B Com degree or an equivalent qualification

Knowledge and Experience:

• 5 to 8 year’s relevant experience in a financial institution.
• Understanding and knowledge of credit risk management or deal origination with strong emphasis on risk identification, assessment and mitigation.
• Knowledge and Understanding of credit risk and any associated risks prevalent in the financing of transactions/projects.
• Portfolio management experience will be an advantage

 
Roles and Responsibilities

• Providing the necessary support required by Senior Origination Managers and Credit Evaluation Managers in the Deal Development process.
• Conduct research and credit analysis on deals that are at basic assessment stage.
• Ensuring that potential deals at basic assessment are in line with mandate, Risk appetite framework and Credit policies.
• Performance and provision of indicative risk grading and pricing.
• Conducting credit checks and other necessary checks required at origination stage.
• Assist with the clearing of drawdown conditions.
• Communicate the Organisation’s Risk Appetite to front line and encourage adherence and conduct within the stipulated appetite levels.
• Assist with the review and continuous enhancement of Credit submission templates.
• Challenge existing methodologies and develop innovative ways to enhance the credit risk origination systems and procedures and the Credit submission templates.
• Being the voice of risk at SBU internal meetings and cultivate a holistic risk-aware culture within operation divisions.
• Work alongside Senior Origination Managers to inculcate production of succinct and high-quality reports that assist in efficient decision making
• Collaboration with Evaluation Managers to ensure alignment on risk appetite and terms of credit.
• Assist with the development of differentiated, superior solutions (solution engineering) that meet stakeholder and business requirements

 
Job Requirements
 
TECHNICAL/FUNCTIONAL COMPETENCIES
Problem Solving
Report writing Skills
Strong attention to detail and data validity
Strong Analytical Skills
Planning and Organizing
 
BEHAVIOURAL COMPETENCIES
Good Communication Skills
Self-motivated and self-driven skills
Interpersonal Skills
SIGNATURES
 
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SENIOR SPECIALIST- BUSINESS RESCUE
Job number IDC00387
Job Grade M Band (Heads and Champions)
Closing date 12-Oct-2024
 
Job Description
To provide advice to clients depicting early warning signs of distress, assist in curbing further distress; and where distress is encountered, influence and monitor implementation of solutions for distressed clients that are either going through Business Rescue or require Business Rescue intervention in order to prevent further deterioration.
 
Qualification and Experience
 
Qualifications:
Minimum requirements:

• Commercial qualifications e.g. BCom with post graduate degree
• MBA / MBL would be an advantage

Knowledge and Experience:

• At least 8-10 years’ experience in a Turnaround and Restructuring environment - businesses experiencing distress.
•  Experience in Business Rescue advisory
•  Knowledge of business and the diversity of risks that may affect businesses.
• Good understanding of different types of security.
•  Good working knowledge of Chapter 6 in the Company’s Act, Contract, Taxation, IFRS and Insolvency legislation.
• Good knowledge of Industry standards, technology trends and best practices

 
Roles and Responsibilities

• Provide advice and support to Sector Business Units (SBUs) and Post Investment Segments in respect of clients who are showing early signs of operational and/or financial stress.
• Assist in recommending the suitable Business Rescue Practitioner
• Attend all meetings to do with the specific Business Rescue process
• Plan and execute the Business Rescue process of IDC clients experiencing distress through:
  o Carry out Business Reviews to 1) diagnose cause of distress and 2) ascertain reasonable prospect of client becoming operationally and financially viable;
  o Determine the optimum Rescue solutions that will improve the company’s viability,
• o Determine the optimum Financial/non-financial Restructuring intervention that can be implemented to support the Rescue strategy
  o Influence the Business Rescue process for the benefit of the IDC;
  o Evaluate Business Rescue plan presented by the Business Rescue Practitioner and recommend changes;
• Safeguard IDC’s Security position through maintaining and/or improving the recoverability of IDC’s exposure,
• Draft and present submission reports to various decision making committees,
• Review drafted legal agreements to ensure they capture the IDC credit committee approval
• Closely monitor the implementation of the Business Rescue strategy through attending Creditors meetings; Interaction with key stakeholders; regular client visits; etc.
• Regularly update the Business Advisory & Turnaround monitoring platform (SAP) iro tracking progress against process and status update notes;
• Attend and contribute to the monthly Business Advisory & Turnaround Portfolio Management meeting
• Prepare and present regular monitoring submissions to Portfolio Monitoring Committee
• Provide efficient service to both internal and external stakeholders/clients

 
Job Requirements
TECHNICAL COMPETENCIES

• Business Turnaround & Rescue
• Financial modelling
• Analytical/Diagnostic Skills
• Business/Commercial Acumen
• Problem Solving/Solution Generation
• Client Insights & Focus
• Formulating strategies and concepts
• Report writing Skills
• Project Management Skills
• Stakeholder Management

 
BEHAVIOURAL COMPETENCIES

• Communication & Presentation skills
• Creating & Innovating
• Coping with pressure & set backs
• Planning & Organising
• Negotiating & Influencing
• Networking Skills
• Results Driven
• Coaching & Mentoring
• Deciding & Initiating

 
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HUMAN CAPITAL CONSULTANT (3 YEAR FTC)
Job number IDC00380
Job Grade P-Band
Closing date 10-Oct-2024
 
Job Description
The purpose of the Human Capital Consultant role is talent acquisition and retention, geared to attract, recruit, develop, and retain skilled individuals who can contribute to the success and growth of ISA. This role involves strategically identifying and acquiring talent that aligns with the company's goals and values, as well as nurturing and developing employees to maximize their potential and drive Infrastructure South Africa (ISA) success.
 
Qualification and Experience
 
Qualification
• A 3-year Degree (NQF Level 7) or Diploma in HR Management or related discipline.
Knowledge & Skills
• 5 - 8 years of experience in talent acquisition, recruitment, or human capital with a focus on talent acquisition and retention.
• Additional Advantage: 3 years’ experience working at a management level.
Job Related Knowledge (knowledge of systems, processes, regulations or law)
•Recruitment techniques.
•Diversity & inclusion.
•Relevant legislation.
•Continuous learning & adaptability.
•Communication & relationship building.
•Training development.
•Staff retention.
 
Roles and Responsibilities
•Develop and execute innovative recruitment strategies to attract top-tier candidates across various channels, including job boards, social media, professional networks, and referrals.
•Conduct thorough candidate screenings, interviews, and assessments to evaluate qualifications, skills, suitability and cultural fit to the organization.
•Build and maintain a strong talent pipeline for current and future human capital needs.
•Collaborate with hiring managers to understand staffing needs and provide guidance on best practices for attracting and selecting candidates.
•Coordinate and facilitate the onboarding process for new hires, ensuring a smooth transition into the organization.
•Coordinate offboarding of existing employees and lessons learnt feedback for more improved services.
•Implement talent retention initiatives, including performance management, career development, succession planning, and employee engagement programs.
•Analyse recruitment metrics and trends to continuously improve the effectiveness of talent acquisition and retention processes.
•Stay up to date on industry trends, best practices, and legal requirements related to talent acquisition and retention.
 
Job Requirements
 
Job-Related Skills
•Ability to build and manage relationships.
•Good written and verbal communication skills.
•Excellent 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 nature of work.
•Ability to follow through with initiatives and effective prioritisation.
•Ability to multitask and thrive under work pressure.
•MS Office: Excel, Word, PowerPoint, Outlook, MS Teams.
•Project management skills.
•Presentation skills.
•Agility.
•Solutions orientation.

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CONSOLIDATION IFRS SPECIALIST
Job number IDC00385
Job Grade P-Band
Closing date 10-Oct-2024
 
Job Description
The purpose of the role is to act as a subject matter expert for the consolidation, period close reporting and intercompany accounting functions for IDC company and group in compliance with IFRS, regulatory requirements and IDC policies.

The Consolidation IFRS Specialist is responsible for activities related to period end, consolidation, and intercompany accounting. The specialist needs to ensure standardisation of consolidation reporting processes, policies, procedures across the group; timely and accurate preparation of consolidated monthly, quarterly, and annual financial results; and implementation and maintenance of appropriate consolidation financial reporting systems.
 
Qualification and Experience
 
Qualifications 
Bachelor’s degree in finance /accounting or equivalent CA(SA) – Mandatory
 
Experience:
•5-8 Years’ experience in finance or finance operations related roles.
•3-5 Years’ experience in performing Group Consolidations function of a large company.
•Experience in a managerial position (preferable).
•Experience in accounting for complex consolidations in a multinational environment.
•Industry experience from financial services/Lending/Banking would be advantageous.
•Good understanding of the functioning of the SAP system and consolidation systems.
•Strong IFRS 10 and IAS 28 experience required.
•Understanding of financial analysis and the ability to prepare management reports.
•Sound financial Excel Modelling Skills, Microsoft Office inclusive of Word and PowerPoint
•Proficient in Microsoft Excel and Word.
 
Roles and Responsibilities
•Review and guide the group financial reporting processes.
•Design and implement group wide reporting controls and templates required for the execution of financial consolidation.
•Preparation of the group consolidation in compliance with the group reporting policies, procedures, and templates.
•Continuously provide input into the improvement of the group reporting policies, procedures, templates and the efficiency of the consolidation preparation processes.
• Perform the group consolidation for monthly, quarterly, and annual financial performance.
• Process the relevant approved year-end adjustments key to the consolidation performance.
• Manage the overall process for the preparation and consolidation of monthly, quarterly, and annual financial results.
• In liaison with Client Support and Growth (CSG), identify and maintain a record of investments that meet the requirements of consolidation.
• Implement controls to ensure that the list of investments to be consolidated is complete at any point in time on the consolidation platform.
• Monthly review and reconciliation of ZPR (SAP client depository) to ensure alignment of the investments list across the various business areas, i.e., completeness and accuracy to the trial balance.
• In liaison with Technical Finance, ensure the accuracy of the classification and measurement of the investments.
• Responsibility for the development and update of intercompany policies and procedures.
• Define and identify the nature of intercompany transactions and account types specific to the IDC reporting environment for intercompany transaction elimination purposes.
• Ensure the group consolidation process is in compliance with IFRS requirements.
• Keep abreast of latest developments in IFRS and integrate these into group accounting policies and procedures.
• Prepare monthly, quarterly, and annual internal consolidation financial reports to key IDC committees.
• Participate, provide input and support in the audit preparation process and during the performance of the external audit.
• Support the financial reporting team with the preparation of any internal financial reports, as applicable.
• Contribute to the preparation of external financial reports to external stakeholders.
• Assist with ad-hoc Financial Management department initiatives and projects.
•Create and maintain a good relationship with internal and external stakeholders.
•Provide coaching and training to the financial reporting team as and when necessary.
•Support and drive Innovation of the IDC group consolidation process.
•Participation in key meetings as per nomination.
 
Job Requirements
FUNCTIONAL KNOWLEDGE
Financial Consolidation
Consolidation systems
Financial accounting
Period end & Closing
IFRS (International Financial Reporting Standards)
JSE Listing Requirements
Corporate Governance – King IV
 
BEHAVIOURAL COMPETENCIES
Deadline driven and attention to detail
Good Communication Skills and a hands-on approach
Good Interpersonal Skills
Coping with Pressures and tight deadlines
Conflict resolution skills
Negotiating and influencing
Presentation Skills
Decision Making Skills
 
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