INDUSTRIAL DEVELOPMENT CORPORATION (IDC) VACANCIES

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TECHNICAL ADVISORY EXPERT: FUNDS TRANSFER PRICING (6 MONTHS FIXED TERM CONTRACT)
Job number IDC00452 
Job Grade M Band 
Closing date 31-Jan-2025
 
Job Description
To advise, design, develop and deliver a Funds Transfer Pricing (FTP) Framework.
To assist with Technical Expert advice on the implementation of an FTP Framework, policies, methodology.
To coordinate the IDC wide implementation by liaising with the relevant Executives, Head of Departments and key technical experts for all stakeholders of the FTP framework.
 
Qualification and Experience
Qualifications
BCom Finance, Actuarial Science, Financial Economics, Accounting with post graduate degree e.g. BCom (Honours) or an Honours degree in the relevant fields or within the risk management space.
 
Knowledge and Experience

• The candidate should have at least 08-10 years of relevant local and international experience
• Knowledge and understanding of funds transfer pricing principles as it relates to commercial banks (Banks) and development funding institutions (DFIs) preferably a deep understanding of the fundamental FTP principles for a non-deposit taking institution.
• Practical experience with regards to Asset and Liability Management, Liquidity, Funds Transfer Pricing, Interest Rate Risk in the Banking Book and Capital Allocation.
• A good understanding of the ALM Balance Sheet Manager system and the ability to use it to develop scenarios that can assist the IDC make decisions on its FTP framework.
• Knowledge and understanding of balance sheet optimisation in DFIs with knowledge of the working of a treasury function that does not rely on customer deposits for funding.
• Experience working in the treasury and ALM risk departments of banks and DFIs.
• Experience working in a high-level collaborative and challenging environment.
• Experienced and passionate about working with data to derive meaning and identify trends.

 
Roles and Responsibilities

• Perform the parallel run of results of current WAC methodology and IDC rate methodology vs the FTP proposed scenarios.
• Perform the parallel run of the scenario that compares the current long term pricing methodology based on 3m jibar to the one based on the swap curve.
• Designing and implementing solutions in a risk calculation engine to satisfy business requirements by ensuring that the ALM Balance Sheet Manager system is configured to price IDC deals
• Provide professional advisory and/or opinion and recommendation of the inclusion of dividend income with the capital adjustment for high NPLs and repo funding benefit as a funding mix in the FTP calculations. This will be supported by the parallel run results.
• In collaboration with ALM Balance Sheet Manager (and dependent on availability and system input/analysis):
  - Business analysis of parallel run results.
  - Overseeing the validity and quality data inputs into a risk calculation engine and managing the implementation of project.
  - Analysis of sample positions through the parallel run of the various business scenarios with guidance on the design of the business scenarios.
  - Oversight of technical training, documentation and maintenance of data in the FIS FTP module.
  - Recommendations on centralised or decentralised FTP structure.
  - Full impact analysis of the FTP on the IDC.
  - FTP governance framework.
  - FTP Policy. - Consensus building within the IDC for the FTP framework.
•  Leading and assisting with communicating the FTP framework within the IDC at all levels.
• Recommendations for future improvisation on the FTP framework and other ALM Policies.

 
Job Requirements
TECHNICAL & BEHAVIUORAL COMPETENCIES

• Extremely organized and persistent, with drive and determination to achieve goals.
• 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 is essential.
• Proven communication skills are essential - must possess good written and verbal skills to be able to work and communicate effectively with others.
• Ability to present and communicate technical information in a clear and concise manner.
• Extremely good writing and presentation skills, particularly to committees.
• Ability to communicate complex concepts to senior management and the board.

 
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EXPORT OFFICER
Job number IDC00468
Job Grade A Band
Closing date 30-Jan-2025
 
Job Description
To ensure that all loan facilities are managed in a way that no unforeseen losses are incurred and in conjunction with Subsidiaries and Significant Investments and Business Advisory and Turnaround Departments no events of default are condoned
 
Qualification and Experience
Qualification

• Diploma in Banking or any relevant qualification.

Experience

• Minimum of 2 – 5 years Administrative or Banking experience in a Foreign / Forex Back-office environment.
• In-depth knowledge of foreign exchange transactions.
• Exposure to the SAP environment
• Good understanding of Microsoft Excel.

 
Roles and Responsibilities
Daily control of the administration of the export finance credits including:

• Model building to cater for complex financial calculations;
• Arranging remittance of funds to the exporter or foreign borrower;
• Arranging spot currency sale / purchase transactions;
• Management of CFC account in conjunction with Treasury
• Allocation of proceeds as per g/l codes;
• Renewal of loans at agreed interest ratess;
• Loan repayments on correct dates;
• Operational implementation of loan agreements, on-lending agreements, credit insurance policies and adherence to SARB exchange control approvals;
• Maintenance of working files and records;
• Preparation of management reports;
• Professional liaison with lenders, facility agents, external and internal clients

 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
Reconciliations Skills
Financial Analytical Skills
Strong Analytical Skills
Planning and Organizing Skills
 
BEHAVIOURAL COMPETENCIES
Deadline driven
Problem Solving Skills
Good Communication Skills
Good Interpersonal Skills
Coping with Pressures and Setbacks
 
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SENIOR DEALMAKER-WESTERN CAPE
Job number IDC00344
Job Grade M Band
Closing date 30-Jan-2025
 
Job Description
To evaluate and present applications for funding and structure deals that contribute towards the SBU objectives and industry development goals. This would include performing the complex financial and/or technical and/or marketing due diligence functions across the country, as well as leading a due diligence team and ensuring risk identification and mitigation. In addition, supporting the regional manager with driving new pipeline development as well as representing the IDC at various stakeholder platforms.
It is also required to assist the SBU Head with the implementation of corporate wide initiatives as and when required. 
 
Qualification and Experience
Qualifications:

• Minimum qualification: relevant commercial or technical honours degree

 
Knowledge and Experience:

• 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 a minimum of two due diligence disciplines (Marketing, Technical or Financial)
• Grounded in at least two 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 structure
• 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 SME transactions
• Deal optimization - ensuring that the deal is aligned with the strategic objectives of the unit and will contribute to meeting the IDC’s 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.
• At the delegation of the regional manager represent the IDC at various stakeholder platforms.

Supporting Regional Manager to build and maintain a strong deal pipeline

• Support the regional manager to proactively drive new business growth in line with specific initiatives that are aligned to the SBU strategy including plan of action in respect of cold calling, presentations, travel plan, entertaining potential clients to extend the reach of the Regional Office resulting in new applications pitched and/or approved by the IDC.

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
TECHNICAL/FUNCTIONAL COMPETENCIES
•    Financial acumen
•    Risk identification and mitigation
•    Investment/Portfolio Management 
•    Stakeholder Management and customer focus
•    Business Development
•    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 
•    Time Management Skills
•    Prioritisation and adhering to timelines
•    Team Management
•    Coordination of multiple transactions or activities
•    Solution focused
 
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BUSINESS DEVELOPMENT MANAGER
Job number IDC00473
Job Grade M Band
Closing date 29-Jan-2025
 
Job Description

• Originating investment opportunities based on strategic fit, developmental outcomes and economic viability.
• Planning and overseeing new marketing initiatives/strategies aligned to IDC’s sector strategies.
• Conduct detailed market assessment: identifying, researching, filtering and prioritizing of new market opportunities to improve deal sourcing.
• End to end management of the deal sourcing process, anticipating client needs and responding with innovative solutions to clients emerging needs.
• Increasing the value of current customers while attracting new business.
• Being one of the main points of contact externally for the business.
• Identifying and closing of pertinent business leads for the IDC.
• Pitching of potential deals/projects to SBUs.
• Leads the participation and presentation of IDC at investment conferences and roundtable discussions.
• Provides input into the sector development strategies and product development initiatives of the IDC toward the enhancement of an active deal pipeline.
• Client networking.
• Manage all risks within areas of responsibility and ensure compliance by following regulatory requirements and IDC’s internal policies.
• Attending conferences, meetings and industry events to generate new business and to observe industry trends/opportunities
• Developing indicative term sheets and funding proposals for clients.
• Screening of enquiries and basic assessments of applications.
• Participate in the DD process with specific focus on strategic orientation and developmental outcomes..

 
Qualification and Experience
QUALIFACATIONS:

• Minimum qualification: relevant commercial or technical Honours Degree or equivalent qualification.

 
EXPERIENCE:

• 8-10 years’ experience in a corporate environment with previous focus in a Business Development / Coverage and deal sourcing / project origination role.
• Experience in leading, initiating and developing new business strategies and opportunities to create a pipeline of development impact projects/deals ensuring deal flow and bankability in a Manufacturing sector.
• Strong ability to develop networks and relations with clients, both local and global, in order to identify and source viable projects/investments.
• Deal making experience in the Manufacturing sector will be preferred
• Proven experience in working with senior stakeholders in highly political environments
• Proficiency in client relationship management.
• Knowledge of IDC products and services.
• Knowledge of clients, their financial needs, and the sector they operate within, translating this into actionable plans and strategies for both IDC and clients
• Sound knowledge and practical understanding of: global markets, emerging industries, good networks within sector in both private and public space
• Experience in coaching and mentoring of team members

 
Roles and Responsibilities

• Client relationship management
• Ensuring that customer complaints are attended to timeously and feedback is provided to the complainant and SBU Head.
• Gathering feedback and taking corrective action on client queries to ensure satisfaction and retention.
• Build relationships, networks and collaborate with internal and external key stakeholders and clients to position IDC as the 'go-to' funder for development financing opportunities and ensure that IDC’s product offering and expertise are used to the optimum.
• Building influential and sustainable relationships with strategic partners to assist SBU in achieving its strategic objectives.
• Close liaison with the SBU’s deal-making and specialist teams as well as Post-Investment teams to ensure alignment in client service.
• IDC representation on Boards / Steering Committees
• Participate in internal product, scheme or fund development.
• Learning, Leadership & People Growth
• Contribute towards the development of competencies and knowledge of industries within the organisation.
• Coaching and Mentoring of peers
• Keep up to date with latest industry developments (conferences and sector forums)
• Manage own development to enhance own competencies
• Participate and lead knowledge sharing in the team and cross functional

 
Job Requirements
BEHAVIOURAL COMPETENCY:

• Presentation and communication skills
• Negotiation skills
• Relationship building and Networking skills
• Persuading and Influencing skills
• Coaching and Mentoring
• Presentation and communication skills
• Negotiation skills
• Relationship building and Networking skills
• Persuading and Influencing skills

 
TECHNICAL COMPETENCY:

• Business Development
• Macro-economic and analytical thinking
• Financial and business acumen
• Innovative & strategic thinking
• Stakeholder Management & Customer Focus
• Result and solution orientated
• Planning and organizing

 
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PROJECT PAYROLL ADMINISTRATOR
Job number IDC00469
Job Grade A Band
Closing date 28-Jan-2025
 
Synopsis
The Basic Education Employment Initiative (BEEI) is a nationwide program where the IDC works in collaboration with the Department of Basic Education (DBE) and Unemployment Insurance Fund (UIF). It is the largest youth employment programme in South Africa, with approximately 250,000 youth who will receive soft and technical skill training. The IDC will thus be supporting the upskilling of the youth and general workforce for integration into the educator space and general national industrialization, leading to either improved learning outcomes in the schools and/or to enhance their own pathways forward after the programme.
The role will be located at the IDC office in each Province. Successful candidates will be travelling from school to school on a rotational basis monitoring and providing system support. They will also be responding to queries on the payment system.
 
Job Description
• To monitor monthly provincial payroll submissions ensuring that timesheets are timeously and accurately converted to net pay accordingly.
• Monitor monthly, quarterly and bi-annual programme compliance / reporting.
• Monitor & reconcile payroll monthly / quarterly budget (both wage & non- wage).
• Assist with monthly accounting and record keeping.
• Monitoring of schools to ensure compliance with the programme
 
Qualification and Experience
• A Post Matric qualification – preferably in finance, IT or Payroll.
• Payroll related qualification
 
Roles and Responsibilities
Duties and Responsibilities:
• Monitoring/vetting payroll information submitted by the province to ensure it is valid, approved and accurate
• Perform analysis on province payroll data to identify any anomalies and track compliance with agreed pay rates and employee level split.
• Compare/monitor actual wage costs to budget and identify reasons for variances
• Checking PAYE, UIF, COIDA provisions for reasonability and ensure payment on the part of the province to relevant statutory bodies
• Analyse exception reports timeously and follow up on unsuccessful wage payments to     ensure timeous completion
• Analyse recipient movements (Onboards, offboards, transfers)
• Monitor province’s monthly progress reports against programme outputs
• Monitoring schools for compliance with the overall programme objectives.
• Providing technical support on the programme’s payment system.
 
Job Requirements
Experience
• 3 years related payroll administration experience
• Performing reconciliations, specifically Paye, UIF and COIDA
• General office administration, queries and filing
• MS Word; PowerPoint; Excel; Outlook
• Project Administration will be an added advantage
 
Technical/Functional Competencies
• Own vehicle is a must
• Maintaining confidentiality at all times
• Planning and organising
• Attention to detail
• Risk identification and mitigation
• Analytical and problem solving
• Results and solution orientated
 
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​COMPLIANCE SPECIALIST
Job number IDC00453
Job Grade P-Band
Closing date 27-Jan-2025
 
Job Description
The Compliance Monitoring Specialist (“Monitoring Specialist”) will be working within the Compliance and Regulatory Affairs Department of the IDC and will be carrying out compliance monitoring reviews to ensure that business is meeting its regulatory obligations and compliance risks are mitigated. The monitoring specialist is required to complete high quality monitoring reviews from planning to reporting, to contribute to the implementation of the CRAD’s compliance monitoring methodology and processes, and to ensure that IDC and all its subsidiaries are conducting business in accordance with applicable pieces of legislation and regulations and relevant codes and standards.
 
Qualification and Experience
Qualifications

• A bachelor’s degree in business related discipline; LLB, B Com Law, BA Law, Risk Management
• Post-graduate Compliance Qualification is mandatory
• CPRAC Qualification from CISA will have an added advantage

Knowledge and Experience

• Minimum of 5 to 8 years relevant and practical compliance monitoring or regulatory compliance risk management experience
• Member of the Compliance Institute of Southern Africa

 
Roles and Responsibilities

• Develop a risk based annual compliance monitoring plan to ensure coverage of key compliance risks across IDC and subsidiaries for board approval. Work with the Compliance Manager to regularly assess the relevance and focus of the Compliance Monitoring Plan
• Execute the board approved compliance monitoring plan and ensure that monitoring reviews are strategic and structural to deliver the required level of assurance within the agreed timelines as per the compliance monitoring schedule.
• Implement the CRAD’s annual compliance monitoring plan by performing complex monitoring reviews, producing quality compliance monitoring results and providing compliance advice and guidance to business to achieve regulatory compliance outcomes.
• Develop and implement the Compliance Risk Management Plans (CRMPs) and perform compliance monitoring reviews by doing the following:

        (i) identifying and risk rating of the applicable provisions
       (ii) identifying, analysing and testing controls;
       (iii) Undertaking thorough process, system and business walkthroughs and applying best practice sampling mechanisms to form a reasonable assurance view
       (iv) identifying potential areas or compliance vulnerability and risk;
       (v) properly prepare and record working papers; and
       (vi) present the monitoring outcomes to business stakeholders;

• To provide assurance to the board and relevant sub-committees on the adequacy and effectiveness of controls and systems developed by business, including adherence to regulatory requirements.
• Deliver high quality compliance monitoring reports regarding compliance risks that have been identified through compliance monitoring reviews and provide recommendations on sustainable remedial plans.
• Provide timely communication on the results of compliance monitoring reviews to SBUs/Departments, and management as and when the identified gaps are confirmed, present and submit these monitoring reports to relevant stakeholders in line with the requirements of the CRAD monitoring process and plan.
• Develop and monitor the issue log/tracker to ensure the information is accurate, valid and supported by factual evidence and manage record-keeping of all review documentation in the relevant SharePoint folders. Take ownership for reporting issues raised during reviews to ensure effective resolution of issues within agreed timeframes.
• Provide independent compliance advisory services through the development of recommendations for improvements to controls and processes, which will ensure adherence to legislative requirements and mitigation of regulatory risks.
• Continuously develop and improve the monitoring methodology and overall approach to conducting monitoring reviews and stay abreast of relevant trends and typologies to utilize this information to inform the IDC Compliance Monitoring Framework.
• Pro-actively engage with stakeholders at all levels and build collaborative, effective relationships across the business and other assurance providers to contribute effectively to the execution of reviews and enhance knowledge and understanding of the IDC business operations.
• Drive continuous improvement across the business by ensuring that statutory and legislative knowledge is always current, and stakeholders are engaged effectively to facilitate the establishment of a compliance culture that contributes to prudent risk management.
• Keep abreast with IDC internal business context, standards, and goals.
• Contribute to the drafting and revision of company policies

 
Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES

• Planning and organized approach to work, ensure that daily tasks are performed timely, and be able to adapt to short-term changes quickly and calmly
• Must be able to interpret and apply legislation to varying business environments within the IDC
• Strong analytical and problem-solving skills and must be able to analyse data and interpret results
• Strong presentation, negotiating and influencing skills
• Possess excellent communication skills and present concepts clearly and concisely

 
BEHAVIOURAL COMPETENCIES

• Highly detail-oriented and meticulous
• High level of integrity and ethical standards
• Professional, proactive, independent thinker able to work and drive forward key activities under own initiative.
• Ability to interpret complex regulatory requirements and effectively operationalise them in a way that is tailored to the relevant audience
• Ability to work independently, as part of a team and emotional intelligence
• Positive approachable open-door mind set which is solution focused and balancing business imperatives

 
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​SENIOR LEGAL ADVISOR
Job number IDC00467
Job Grade P-Band
Closing date 23-Jan-2025
 
Job Description
JOB PURPOSE
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
Qualifications

• Law degree and Admission as an Attorney essential
• Master’s degree such as LLM desirable

Knowledge and Experience

• A minimum of 5 years’ post-article experience in in a banking and finance/corporate finance/project finance environment.
• 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
MAIN DUTIES 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.
Judgment: Makes timely decisions while including necessary people in the decision-making process. Exhibits sound and rational judgment.
Communication: Possesses excellent written/oral communication skills as well as excellent persuasive and presentation skills. Able to deal effectively with a broad range of personalities and cultures.
Change agent and strategic thinker: An innovative thinker who is comfortable designing for the future, while managing day-to-day matters.
 
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