NATIONAL EMPOWERMENT FUND (NEF) VACANCIES

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CREDIT RISK ANALYST
Listing reference: nef_000052
Listing status: Online
Apply by: 24 May 2024
 
Position summary
Industry: Financial Services
Job category: Banking, Finance, Insurance. Stockbroking
Location: Sandton
Contract: Permanent
Remuneration: Market Related
EE position: Yes
Introduction
The National Empowerment Fund is looking for a Credit Risk Analyst to support the delivery of credit risk as well as facilitate appropriate and insightful credit reporting with recommendations.
 
Job description
Reporting

• Produce accurate risk reports with commentary and in the correct format.
• Support continuous development of credit risk capability through feedback in discussions and observations in different forums as appropriate.
• Recommend improvement actions where appropriate.
• Support the building and development of credit metrics, as well as projects to deliver credit risk control.
• Attend credit committees.
• Perform other ad hoc duties as requested.

 
Minimum requirements
Qualifications

• Bachelor’s degree in Finance or Risk

 
Experience/Skills required

• Minimum 3 years of working experience in the Credit Risk environment.
• High-level understanding of the concept of credit risk management.
• Report writing skills.
• Good technical capability in the use of SQL and MS Excel.
• Good communication skills to be able to effectively communicate complex processes and outputs to colleagues with varying levels of technical knowledge.
• Able to build relationships and networks both internally and externally.
• Self-starter with the ability to work under pressure.
• A logical approach to problem solving in relation to both technical and business issues.

 
Personal Attributes/Behaviours/Attitudes
Cognitive Competencies

• Analysis and Attention to Detail
• Conceptual / Big Picture Thinking
• Focused and Sustained Attention
• Problem Solving
• Tolerance of Ambiguity

Intrapersonal Competencies

• Excellence/ Quality Orientation
• Rule Orientation
• Ethical Judgement
• Flexibility
• Drive and Results Orientation
• Time and Self-Management

Interpersonal Competencies

• Interpersonal Agility
• Building relationships
• Teamwork
• Engaging diversity

Communication Competencies

• Conflict Management
• Presentation and Facilitation
• Verbal and Written Communication (incl. Listening)

 
Functional Competencies

• Commercial and Financial Acumen
• Process and Technological Competence
• Safety and Security Orientation
• Mathematical Acumen
• Research Competence
• Environmental Scanning
• Knowledge Sharing
• Organisational Awareness

 
PLEASE APPLY HERE
 
 
 
 
 

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SENIOR INVESTMENT ASSOCIATE
Listing reference: nef_000035
Listing status: Online
Apply by: 21 May 2024
 
Position summary
Industry: Financial Services
Job category: Banking, Finance, Insurance. Stockbroking
Location: Sandton
Contract: Permanent
Remuneration: Market Related
EE position: Yes
 
Introduction
The National Empowerment Fund is looking for a Senior Investment Associate who will join uMnotho Fund team. The purpose of this role is to manage team in terms of deal implementation to ensure targets are met and to provide support for complex transactions.
 
Job description
Business Development / Transaction Origination

• Pro-actively develop business development strategies and pursue new business development through excellent understanding of market and stakeholder networks.
• Identifies lucrative market opportunities through an excellent understanding and interpretation of sector analyses, including market structure, supply and demand aspects, competitor environment, and gap analysis and taking actions accordingly.
• Actively participate in formulating, developing and implementing the business development strategy to generate new investment opportunities in the South African BEE financing market.
• Engage in the activities and efforts required for the implementation of the business development plan.
• Conduct business development in response to new markets, products and clients.
• Develop strategic relationships with financial institutions, corporate finance advisors, other intermediaries and BEE groups.
• Participate and represent the NEF at investment conferences and roundtable discussions.
• Engage in activities that ensure the investment initiatives are in support of broader South African economic development strategies and/or government BEE strategies.

 
Transaction Execution

• Act independently in all spheres of project management, expert in deal structuring and negotiations. Acknowledged as a very experienced deal maker/ transactor both within and outside of the NEF:
  • Mobilize, coordinate and guide internal and external resources to appraise transactions/project/applications.
  • Manage and influence internal decision making and transaction processes to obtain investment approval.
  • Utilize expert knowledge (of BEE market, financial market, macro-economic environment sector) as to support, lead tea in identifying and suggesting/recommending appropriate mitigation measures on key risk issues.
  • Conduct comprehensive due diligence investigations on approved transactions by providing input on scoping and partaking in due diligence exercises with minimal support.
  • Recommend, develop, negotiate innovative/optimum/appropriate finance and legal structures for each investment deal ensuring long term sustainability/viability of the project to the benefit of the client and NEF.
  • Provide advice, guidance to legal department on the commercial terms in the preparation of legal documentation.
  • Negotiate with clients/co-financiers on an acceptable deal structure, financial terms, security to ensure successful deal closure incorporate and writing reports.
  • Ensure the timeous execution of legal documents in accordance with approved term sheets
  • Acknowledged reputation within the NEF and externally based on successful deal closure and expertise.
  • Act as a mentor to Investment Associates and Investment Analyst.
  • Oversees and manages the implementation of projects through timeous disbursements paid out to the satisfaction of the client.
  • Provides expertise on structures recommended to FMCD IC by Investment Associates.
  • Pro-actively identify potential areas of non-compliance, increased risk and set-up/initiate an action programme accordingly.

 
Deal Sustainability / Risk Management / Portfolio Management

• Responsible for surveillance, compliance, pro-actively anticipates and implements corrective actions, lead discussions in negotiating possible solutions:
  • Makes recommendations on effective solutions to sustain client relationships in the event of a default without causing a dilution in the asset value of the NEF.
  • Represents the NEF on Boards of Directors of selected investee companies.

 
Minimum requirements
Qualifications

• BCom degree in Finance/ Accounting
• Post Grad added advantage

 
Experience / Skills Required

• 5 years similar experience in private equity/project finance/structured finance
• Deal structuring
• Project management

 
Personal Attributes / Behaviours / Attitudes
Cognitive Competencies

• Analysis and Attention to Detail
• Focus & Sustained Attention
• Judgement and Decision Making
• Problem Solving & Learning Agility
• Tolerance of Ambiguity

Intrapersonal Competencies

• Assertiveness
• Drive and Result Orientation
• Decisiveness & Action Orientation
• Ethical Judgement
• Excellent / Quality Orientation
• Resilience and Stress Management
• Rule Orientation
• Time and Self- Management
• Objectivity

 
Interpersonal Competencies

• Building Relationships
• Building Strategy Relationships/ Networking
• Customer Service Orientation
• Engaging Diversity
• Interpersonal Agility
• Teamwork

 
Communication Competencies

• Conflict Management
• Influencing & Impact (incl. Negotiation)
• Presentation and Facilitation
• Verbal and Written Communication
• Persuasiveness / Selling Skills

 
Functional Competencies

• Anticipating and Managing Change
• Building the Brand
• Business insight and Risk Awareness
• Commercial and Financial Acumen
• Consulting / Advising
• Environmental Scanning
• Knowledge Sharing
• Organisational Awareness
• Mathematical Acumen
• Research Competencies
• Process & Tech Competence
• Programme & Project Management

 
PLEASE APPLY HERE

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SENIOR INVESTMENT ASSOCIATE
Listing reference: nef_000028
Listing status: Online
Apply by: 21 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 looking for a Senior Investment Associate who will join our Turnaround, Workout and Restructure (TWR) team on a fixed-term contract. The successful candidate will provide competitive and innovative solutions to rehabilitate businesses in distress and protect the interests of the NEF’s investment.
 
Job description
Debt Restructuring

• Restructure the exposure of clients that are experiencing financial difficulties where such businesses have long-term financial viability and where liquidation is not a beneficial solution.
• Restructure the companies and reduce the significant impairments and / or write-offs.
• Establish the nature of the problem and develop a restructuring plan.
• Review and monitor the businesses financial performance.
• Review and monitor the collections.
• Interface with other stakeholders for decision making.

 
Turnarounds

• Develop the turnaround strategies.
• Monitor the implementation of the turnaround plan.
• Introduce investors or strategic partners into a business that is facing financial difficulties where such investors or strategic partners can add value and turnaround the company.

 
Business Rescue

• Attend to all business rescue proceedings and advice on the acceptance of the business rescue plan.
• Monitor the implementation of the Business Rescue Plan.

 
Risk Management

• Ensure that early warnings signs and other key risks factors are proactively identified.
• Follow up and implement the recommendations of the internal and external audit findings.

 
Reporting

• Prepare a restructuring proposal.
• Present the proposal to relevant credit committees for approval.

 
Monitor the restructured portfolio and IA’s output

• Manage/ monitor the non-performing loans until these loans have been rehabilitated or until the non-performing loans have been transferred to Legal.
• Oversee the output and quality of work of the various IA’s in TWR and ensure that transactions are managed well and actioned timeously.

 
Minimum requirements
Qualifications
 

• CA (SA) or BCom Accounting with postgraduate degree e.g. BCompt (Honours) or a relevant 4-year financial tertiary education or equivalent.

 
Experience
 

• At least 5 years’ experience in corporate restructurings and turnarounds.

 

• Credit experience is essential, including corporate restructurings and financial analysis. 

 
Personal Attributes/Behaviours/Attitudes

• The ability to plan, organise, lead and control in the work environment to achieve the business objectives,
• The ability to communicate effectively and efficiently at all levels in the organisation,
• The ability to negotiate with role players and arrive at a win-win situation in the best interest of the organisation and the negotiating party,
• The ability to understand the problem/situation, evaluate alternatives and take timely action, which will enhance the performance of the organisation,
• The ability to plan and execute projects,
• The ability to analyse the position of a business related to the financial position and business viability to enable appraisal of the business for purposes of future existence and requirements in terms of business and economic viability,
• The ability to utilise the correct computer software and the relevant functionality applicable to the outcomes required,
• The ability to interact with people at all levels in the organisation,
• The ability to compile a business proposal inclusive of the business case and financial model and motivation for the pursuance of the business venture,
• The ability to restructure debt to ensure maximum benefit to all stakeholders involved,
• Innovation and idea generation,
• Problem solving skills,
• Ability to think strategically and “out of the box”,
• Highly motivated and confident individual,
• Proven ability to multitask and ensure effective delivery of the priorities to meet targets and objectives and able to work effectively under pressure.

 
PLEASE APPLY HERE