NATIONAL EMPOWERMENT FUND (NEF) VACANCIES

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FRAUD PREVENTION ANALYST
Listing reference: nef_000048
Listing status: Online
Apply by: 10 May 2024
 
Position summary
Industry: Financial Services
Job category: Banking, Finance, Insurance. Stockbroking
Location: Sandton
Contract: Fixed Term Contract
Remuneration: Market Related
EE position: Yes
Introduction
The National Empowerment Fund is recruiting for a Fraud Prevention Analyst to join the Compliance team.
 
Job description

• The individual needs to assist with implementing Fraud Prevention measures at the NEF as well as investigating Fraud matters. 
• The individual will need to assist with implementing an effective Risk Management process at the NEF and assist with the implementation of NEF Business Continuity plans.
• The individual may also need to assist with compliance monitoring.

 
Minimum requirements
Qualifications

• Fraud or Risk Management

Experience/Skills required

• Knowledge of Fraud Prevention and Risk Management

Personal Attributes/Behaviours/Attitudes

• Self-Driven
• Focussed
• Resilient

 
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REGIONAL MANAGER - MPUMALANGA
Listing reference: nef_000050
Listing status: Online
Apply by: 9 May 2024
 
Position summary
Industry: Financial Services
Job category: Banking, Finance, Insurance. Stockbroking
Location: Nelspruit
Contract: Permanent
Remuneration: Market Related
EE position: Yes
 
Introduction
The National Empowerment Fund is looking for a Regional Manager: Mpumalanga who will oversee and provide guidance on all aspects of deal making, execution and strategic planning related to deal sourcing and negotiates transactions for the regional office. Also, the incumbent will lead transactions from identification, negotiations, closing, monitoring of investments and exit thereof. Manage regional office budgets, targets, team performance and be a custodian of external stakeholder relationships.
 
Job description
1. ADVANCING B-BBEE
1.1 Screening and Processing of Enquiries and Applications
Effectively screen, prepare and refer quality applications to Funds in line with NEF mandate and turnaround times.
1.2 Management of pipeline
Ensuring that all applications received are screened; declined or withdrawn in no more than 5 days on CRM.
1.3 Queries & Complains plus Effective Client Communication

• Limit formal complaints on all received applications to no more that 3% of total applications screened for the period.
• Ensure that acknowledgement letters are sent to clients within 3 days.

1.4 Approvals of Applications

• Ensure that majority of packaged applications that were referred to the Funds should be approved by an Investment Committee;
• At least 50% of approved deals must have been presented by the Regional Manager to an Investment Committee.

1.5 Commitments and Disbursements of approved

• Help ensure that deals approved are committed within required turnaround times;
• Help ensure that deals approved and committed are disbursed to clients within required turnaround times.

 
2. MAXIMIZING THE EMPOWERMENT DIVIDEND
Invest in Black empowered businesses that have high employment creating opportunities.
2.1 Increase participation of Black Women in the Economy
Ensure that at least 40% of total deals approved should be owned and managed by Black Women.
 
3. OPTIMISING NON-FINANCIAL SUPPORT

• Effective marketing of the Regional Office by facilitating & coordinating NEF events and presentation in the Province and Activities should be captured in Quarterly Report;
• Update Regional Strategy annually;
• Ensure that NEF’s Head Office culture is replicated in the Regional Office.

 
4. FINANCIAL EFFECIENCY & SUSTAINABILITY
4.1 Regional Portfolio Monitoring
Conduct Post Investment Unit monitoring and reporting of allocated portfolio of investments in your Province under the supervision of the Senior Post Investment Associate and Post Investment Manager as per agreed outputs.
4.2 Empowerment Dividend
Ensure 100% submission of Empowerment Dividend questionnaires are returned by investees within agreed upon timelines, including accuracy thereof.
4.3 Credit Control and Impairments

• Assist in completing the Portfolio Impairments model on a quarterly basis;
• Work closely with the Legal Department on litigation matters with a view to maximising legal collections and bring these matters to closure;
• Ensure that you meet your collection and impairment rates targets per year.

 
5. INTERNAL PROCESSES PERSPECTIVE
5.1 Operate within allocated budget
Expenses at allocated budget should not be exceeded.
5.2 Adherence to Systems and Procedures and management responsibilities

• 100% of suppliers engaged should have proper documentation and processes followed;
• Managed all existing Contracts and SLA’s.

5.3 Leadership – Administration
Provide effective administrative leadership in the office.
 
6. LEARNING AND GROWTH

• Developing self, ad hoc tasks, capacity building and special projects in the region;
• Completion and adherence to Personal Development Plan. Attitude and willingness to learn.

 
Minimum requirements
Qualifications
Essential

• B Com, B Com (Hons), CFA, CA (SA), MBA, B. Engineering

Preferred

• Post graduate degree in Finance, Accounting and/or Tax, and/or Auditing

 
Experience / Skills Required
Essential

• Have a working knowledge of SA Corporate law including the Companies Act,
• Minimum of five years’ experience in the SME funding environment, venture capital and/or development finance arenas,
• Sound technical and industry knowledge of the SME environment,
• Well-developed business networks and proven ability to generate deal flow,
• Strong technical and industry knowledge of the BBB-EE financing market including understanding of evolution of BBB-EE financing and BBB-EE Codes of Good Practice,
• Working knowledge of BBB-EE financing structures, equity investments and mezzanine financing structures,
• Some understanding of corporate finance disciplines such as valuation techniques,
• Working knowledge of financing documents such as sale and purchase agreement and shareholders agreements.
• Strong credit and risk analysis skills,
• Previous experience in managing people / professional teams,
• Well-developed presentation, written and verbal communication skills,
• Strong inter-personal skills,
• Strong organizational and strategic orientation,
• Experience in development and implementation of strategic and business plans.

 
Preferred

• Previous experience in managing an SME financing business Unit as well as a corporate finance business unit within a development finance environment.

 
Personal Attributes / Behaviours / Attitudes

• Protect and Enhance NEF’s Reputation
• Execute at Speed with respect to recruitment
• Meeting Customer Needs
• Quality Conscious
• Managing Relationships
• Analysis and Judgment
• Open and effective communication
• Information seeking
• Critical thinking
• Planning and organizing
• Project management
• Process orientation
• Attention to detail

 
APPLY
 
 
 
 
 

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INVESTMENT ASSOCIATE
Listing reference: nef_000051
Listing status: Online
Apply by: 10 May 2024
 
Position summary
Industry: Financial Services
Job category: Banking, Finance, Insurance. Stockbroking
Location: Durban
Contract: Permanent
Remuneration: Market Related
EE position: Yes
 
Introduction
The National Empowerment Fund is looking for an Investment Associate who will join the KZN Regional Office team. The incumbent will be responsible for screening and processing regional applications as well as referring applications that meet requirements to the Funds for further consideration. Also monitoring the NEF investment portfolio within the province.
 
Job description

• Performing eligibility screening of new applications for funding in terms of NEF’s criteria and mandate.
• Perform commercial screening of applications in terms of NEF’s commercial assessment, framework, and generate reports for assessed application, with recommendations on whether the applications should be accepted or rejected.
• Prepare financial analysis as part of the commercial screening process of new applications.
• Call applicants to request information and meet as well as advice applicants where applicable.
• Perform desk top research using search engines such as Google, INet Bridge, etc. to obtain industry information required in the assessment of applications.
• Identify risks on applications and make recommendations to Regional Manager in respect of way forward.
• Build networks in Kwa-Zulu Natal and source good deal flow for the NEF.
• Attend conferences and seminars that are part of the Pre-Investment Business Support.
• Resolve complaints that cannot be resolved by Product Advisor and provide Pre-Investment mentorship to applicants where necessary.
• Perform business valuations for applicants.
• Conduct post investment due diligence and monitoring of all investments in the regional office portfolio.
• Conduct due diligence on applications from existing investees for further funding and obtain approval from the relevant committees per the DOA.
• Provide and facilitate technical assistance and mentorship to all investees in conjunction with the POIU
• Conduct effective portfolio management to reduce the portfolio risk of the NEF in conjunction with the POIU.
• Maintain CRM (Customer relationship management) with all existing investees.

 
Minimum requirements
Qualifications

• B Com (Finance, Accounting, Financial Management, Management Accounting) Degree.
• Postgraduate Commerce Degree will be a distinct advantage

 
Experience/Skills required

• 3 years’ experience on 2 or more of the following areas: SME funding/deal making/ investment environment, business banking, venture capital environment and/or development finance,
• 3 years’ experience in managing an SME portfolio.
• Good understanding of the investment process especially as it relates to SME funding.
• Basic understanding of the various investment instruments and deal structures applicable to a SME portfolio.
• Good working knowledge of key commercial statutes and regulations (e.g. Tax, Companies Act and BEE legislative environment).
• Ability to perform desktop analysis and risk assessments on applications and put forward compelling written recommendations for consideration.
• Ability to analyse and interpret financial statements.
• Working experience in due diligence appraisals.
• Ability to generate deal flow through own networks.
• PC literacy and competency in Microsoft Excel, Word, and PowerPoint.
• Good Presentation Skills and ability to communicate at all levels.
• Strong negotiating skills.
• Strong credit control / collections skills.

 
Personal Attributes/Behaviours/Attitudes

• Ability to maintain good relationships with clients.
• Ability to work in a team.
• Must be self-motivated,
• Ability to take initiative and make decisions.
• Interpersonal Skills.
• Attention to detail.
• Result orientation and deadline – driven.
• Exceptionally professional with outstanding business ethics.
• Time and task management.

 
APPLY

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TRAINEE (INTERNAL AUDIT)
Listing reference: nef_000049
Listing status: Online
Apply by: 7 May 2024
 
Position summary
Industry: Financial Services
Job category: Banking, Finance, Insurance. Stockbroking
Location: Sandton
Contract: Internship
Remuneration: Market Related
EE position: Yes
 
Introduction
The National Empowerment Fund is looking for a Trainee to join the Internal Audit team.
 
Job description

• Execution of audits per the internal audit plan;
• Assessing and understanding business processes to identify key controls and risks;
• Understanding risks and related audit objectives;
• Prepare audit planning memo through input from business stakeholders;
• Verify audit objectives through communication with business stakeholders;
• Prepare process maps to document key business processes, procedures and controls using experience to identify process;
• improvement opportunities for the business under review and understand audit procedures;
• Identify and measure risk and evaluate controls;
• Document an audit programme from key controls identified in risk and control matrix;
• Perform audits for a variety of areas in our business including analysing our operations to ensure compliance with company procedures, evaluating our internal controls to ensure risks are reduced, ensuring the reliability of our financial reports, and putting effective asset protection measures in place;
• Conduct internal audits through fieldwork and sample testing to review adequacy and effectiveness of controls;
• Completion of IIA compliant working papers using the NEF Internal Audit Methodology;
• Perform audits that identify control and regulatory compliance deficiencies, as well as enhance policies and procedure manuals;
• Producing quality internal audit reports with value adding recommendations;
• Build, maintain and manage professional relationships with management.

 
Minimum requirements
Qualifications

• BCom Internal Audit, BCom Accounting or other Internal audit related qualification

 
Experience / Skills Required

• No work experience required, but must have the educational foundation in the relevant fields.
• Challenging the status quo with a view to improving the environment or peoples understanding,
• Adapting behaviour to meet major changes at work,
• Building and maintaining effective relationships with internal and external stakeholders,
• Establishing and maintaining collaborative relationships with peers / subordinates / managers,
• Identifying business risks,
• Effective report writing skills,
• Advanced Excel skills,
• Demonstrated ability to deal with difficult customers,
• Ability to hold difficult conversations,
• Problem solving skills.

 
Personal Attributes / Behaviours / Attitudes
 
Cognitive Competencies

• Able to work under pressure
• Ability to analyse
• Able to challenge processes if contrary to Regulations and policies
• Able to interrogate information and raise/escalate for further attention where necessary

 
Intrapersonal Competencies

• Excellence/ Quality Orientation
• Ethical Judgement
• Resilience and Stress Management
• Drive and Results Orientation
• Time and Self-Management

 
Interpersonal Competencies

• Building Relationships
• Interpersonal Agility
• Teamwork

 
Communication Competencies

• Verbal and Written Communication
• Functional Competencies
• Commercial and Financial Acumen
• Mathematical Acumen

 
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