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INDUSTRIAL DEVELOPMENT CORPORATION (IDC)
 
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COPY OF ACCOUNT MANAGER - INVESTMENT FUNDS
Job number IDC00405
Job Grade P-Band
Closing date 18-Nov-2024
 
Job Description
IDC has a portfolio Funds under management from various stakeholders. IDC also has invested Private Equity (PE) Funds.  Monitoring and reporting of these funds requires a dedicated resource with relevant experience to monitor and evaluate IDC’s portfolio, assist in customer support and post investment management of same - to ensure IDC and the economy derive the financial and developmental benefits envisaged by these funds and investments.
 
Qualification and Experience
Qualifications:
  • Minimum qualification: relevant commercial or technical honours degree 
Experience: 
  • Minimum 5 years’ experience in due diligence disciplines (e.g. Marketing, Technical or Financial) with regards to investing in Funds
  • Monitoring and evaluation of investments
  • Experience in interpretation of financial statements.
  • Back-office support in the management of approved deals from first drawdown
  • Proficiency in client relationship management and administration.
  • Strong administrative and reporting skills.
  • Strong financial skills and knowledge of accounting principles.
 
Roles and Responsibilities
Internal / Operational Processes
  • Support Senior Account Managers with the origination of investment opportunities based on strategic fit, developmental outcomes and economic viability.
  • Develop framework, systems, and processes for management of the Fund portfolios.
  • Draft and submit monthly reports to HOD on individual fund performance iro developmental, financial returns.
  • Support internal processes regarding individual fund performance and valuations.
  • Risk identification and mitigation.
  • Prepare and submit submissions for either Credit or Policy committees where required for approval.
  • Maintain accurate client data for reporting purposes.
  • Support Senior Account Managers with post investment support.
Customer Focus & Stakeholder Management
  • Maintain meaningful relationships with portfolio clients in conjunction with different support functions in the IDC.
  • To effectively interact with relevant SBU’s, departments and IDC Advisory Board/LPAC members in order to fulfil the process requirements in managing the PE portfolio.
  • Manage and enhance the levels of service and communication to ensure the provision of client service excellence.
Learning, Leadership & People Growth
  • Drive and manage own development to enhance own competencies.
  • Participate in knowledge sharing in the team and cross functional.
  • Development of templates, processes and systems for administration and reporting purposes
 
Job Requirements
Technical/Functional Competencies:
• Financial and business acumen
• Data interpretation and analytics
• Back-office administrative skills
• Compliance management
• Investment/Portfolio Management
• Stakeholder Management & Customer Focus
• Result and solution orientated.
• Planning and organizing (Timeousness in delivery)
• Report writing
 
Behavioral Competencies:
  • Presentation and Communication skills
  • Negotiation skills
  • Relationship skills
  • Attention to detail
 
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CREDIT ANALYST- SMALL BUSINESS FINANCE
Job number IDC00406
Job Grade P-Band
Closing date 18-Nov-2024
 
Job Description
Processing of credit proposals, compilation of autonomous credit submission reports that form part of funding applications disseminated to Credit Committees.
Responsible for 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 equivalent
  • Post graduate qualification will be an added advantage
Knowledge and Experience
  • 5 to 8 years of relevant experience in a financial institution, 2 years of which must be specifically in the SME space
  • Knowledge and understanding of credit risk and any associated risks prevalent in the financing of transactions/projects
  • Excellent written and verbal communication skills
  • Advanced proficiency in financial statement analysis
  • Ability to work independently and collaboratively in a team environment
  • Portfolio management or Origination experience will be an advantage
 
Roles and Responsibilities
  • Provision of independent credit & investment assessments on credit submissions to credit committees; exercise credit judgment; and make sound credit recommendations within stipulated Service Level Agreement.
  • Participation in Due Diligence investigations with the SBUs & Regional offices, provide advice on risks to be assumed, mitigating factors and assessing the viability of projects.
  • Performing risk grading and pricing of Business Partners through the 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, and concentration limits guidelines.
  • Assist in formulating tools and systems to better service the SME portfolio.
  • Facilitating constructive working relations and healthy working morale with internal stakeholders.
  • Prepare and position submissions at the relevant sanctioning committees.
  • Perform pro-active on-going credit monitoring and risk management on a client and portfolio level and attend Investment monitoring committees.
  • Ensure on-going compliance with regulatory requirements.
  • Stay informed on industry trends, market conditions, and regulatory changes that may influence creditworthiness and investment decisions.
 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
  • Problem Solving
  • Business Acumen
  • Report writing Skills
  • Strong attention to detail and data validity
  • Project Management Skills
  • Strong Analytical Skills
  • Planning and Organizing
 
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 DEALMAKER (ENERGY)
Job number IDC00394
Job Grade M Band
Closing date 18-Nov-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 REQUIREMENTS:
  • Minimum qualification: relevant commercial or technical Honours
    Degree or equivalent qualification.
 
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 /
    transaction.
  • 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
 
Job Requirements
KNOWLEDGE AND EXPERIENCE REQUIREMENTS:
  • 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.
 
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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OFFICE SUPPORT MANAGER: CFO OFFICE
Job number IDC00386
Job Grade P-Band
Closing date 17-Nov-2024
 
Job Description
  • To provide a comprehensive and strategic support to the Chief Financial Officer by providing day to day oversight of operational matters and supporting planning and execution of key deliverables
  • To monitor, evaluate and measure the timeous implementation of deliverables across the Division
  • Support the co-ordination and alignment of Group Finance activities
  • Identify trends for business improvement and risk management purposes
 
Qualification and Experience
Qualification: 
  • Minimum qualification: relevant commercial or technical degree
  • A Post graduate Qualification in a relevant field (e.g. CA(SA), MBA/MBL, LLB etc
Experience: 
  • The preferred candidate will have a minimum of 5 - 8 years’ experience in the financial discipline
  • Experience in State Owned Entities or development finance entities and understanding of all applicable legislative and governance principles relative to Group Finance
  • Understanding of sustainable banking imperatives and environmental, social and governance requirements would be an advantage
  • Candidate must have an appreciation of the role of the IDC
  • The candidate must have absolute commitment towards the values of the Corporation.
  • Experience working in a high-level collaborative environment
  • Proven track record of effectively interacting with senior management
  • Ability to work strategically and collaboratively across departments
  • Effective, versatile and action-oriented
  • Excellent communication skills
  • Ability to manage multiple competing priorities while building effective relationships
  • Extremely organized and persistent, with drive and determination to achieve goals.
  • Management and leadership experience will be an added advantage
  • Knowledge of Microsoft Word, Advanced Excel and PowerPoint
  • Practical knowledge of SAP will be an added advantage
 
Roles and Responsibilities
Financial / Shareholder Returns
  • To serve as advisor to the CFO
  • To assume day-to-day responsibility for projects and tasks and Coordinate the execution of strategic initiatives
  • To create and maintain cross-departmental relationships to enable leadership success
  • To manage the Chief Financial Officers budget and cost centres. Consolidating reports across units
  • To assist in reporting activities and preparing comparative reports
  • To assess inquiries directed to the CFO, determine the proper course of action and delegate  to the appropriate individual to manage, and follow up to ensure resolved
Internal / Operational Processes
  • Participate in strategy formulation and implementation for the CFO’s office
  • Provide strategic advice and support on policy matters
  • Management of the Office (planning and co-coordinating the activities of the office)
  • Assist with reporting on various operational activities
  • Analyse trends and provide recommendations for remediation.
  • To generate ideas for improvement of cross functional processes or resolution of complex problems
  • Represent the IDC and the COO at internal and external forums
  • Participate in corporate strategic initiatives/projects
Corporate Strategic Alignment
  • To participate in and support Corporate Initiatives
  • Monitor and evaluate divisional strategic priorities and preparation of reporting and presentation requirements
  • Assist and drive the requirements of the TPMO work-stream
 Customer Focus & Stakeholder Management
  • To create relationships with internal and external clients
  • Dealing with client queries that require policy decisions to protect the organisation against reputation risk and ensure client satisfaction
Learning, Leadership & People Growth
  • To provide leadership and support to staff within the Office of the CFO
  • To research best practice measures
  • Take responsibility for personal development and growth
  • Promote the sharing of knowledge and best practice
  • Impeccable managerial and interpersonal skills 
 
Job Requirements
LEADERSHIP COMPETENCIES
  • Resilience
  • Decisiveness in Execution
  • People Engagement
  • Communication and Engagement
  • Diverse Stakeholder Management
  • Teamwork
  • Innovation
  • Change leadership
  • Strategic Thinking
  • Business Mind Set
 
TECHNICAL/FUNCTIONAL COMPETENCIES
  • Business acumen
  • Stakeholder Management 
  • Analytical and problem solving
  • Results and solution orientated
  • Planning and organizing
  • Leadership and managerial skills.
  • Monitoring and evaluation
 
BEHAVIOURAL COMPETENCIES
  • Verbal and written communication skills
  • Negotiation and influencing capability.
  • Ability to follow through with initiatives.
  • Ability to motivate and work with teams from diverse cultural backgrounds.
  • Sense of urgency and can-do attitude
  • Flexible and able to deal with ambiguity.
 
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