PUBLIC INVESTMENT CORPORATION (PIC) VACANCIES

PUBLIC INVESTMENT CORPORATION (PIC)
Public Investment Corporation SOC Ltd
Private Bag X187
Pretoria 0001
Republic of South Africa

Grade 12 and Administration Diploma or equivalent
Minimum of 2 years experience in Office Administration, preferably in the Investment industry
Proficient in all MS Suites.

Duties:

Provide administrative support to the teams by devising and maintaining office systems including but not limited to document preparations for meetings, diary management, coordination of meetings, accurate minute taking, formatting documents, preparation of decline letters, etc.
Coordinate and facilitate timeous submissions to specified Committees.
Arrange, coordinate, and facilitate meetings as instructed.
Action local and international travel requests by the team, manage expense budget, and ensure travel arrangements are accurate and complete.
Assist in following up to ensure that payments to service providers are made within agreed timelines.
Prepare and facilitate monthly orders such as stationery.
Attend to any ad hoc queries as directed by management.
Sourcing of quotations and raising of purchase requisitions and orders on Great Plains for approval by the delegated persons for corporate costs.
Payment preparation and processing of invoices relating to Corporate Costs for submission to Finance for payment.
Assist with all AuM procurement activities as directed by management.
Conduct weekly review of business unit budget utilization for discussion with the Line Manager.
Weekly review of outstanding requisitions and purchase orders to ensure that long outstanding requisitions and purchase orders are attended to promptly.

Competencies and skills:

Excellent communication
Excellent time management
Ability to work under pressure
Problem-solving
Customer service orientated
Multitasking
Attention to detail
Performance driven

With the PIC having topped the R2,6 trillion mark in assets under management and in the process of entering the global investment market, it is the best asset manager any serious professional would want to be associated with. It is also one of the better places from which one can serve South Africa.

Closing Date: 23 January 2024

PIC is an equal opportunities employer and as such appointments will be in line with the PIC Employment Equity plan.

Please forward copies of your comprehensive CV’s to Recruitment4@pic.gov.za

* Grade range is from C1 – C5 commensurate with applicable minimum requirements.

Privacy Notice: By submitting your job application, you consent to PIC’s processing of your personal information for the purposes of assessing your job application. PIC will process your Personal Information in accordance with applicable laws and the PIC Privacy Policy available here (www.pic.gov.za). You are free to withdraw your consent at any time, after which, PIC may no longer be able consider your job application

The Public Investment Corporation (PIC) invests funds on behalf of public sector entities including the Government Employees Pension Fund. The organisation is the largest investment manager in the country and the continent. Applications are invited from dynamic individuals for the following challenging position:

CREDIT RISK ANALYST
Job Grade: D1 – D5
(Ref: CRA002)
Salary: All-inclusive remuneration package negotiable
Centre: Risk Management division, Pretoria

Requirements:
• B Com Degree (Finance/Accounting), BSc (Actuarial/Mathematics) or any related Commercial degree
• Postgraduate Finance or Investment-related Degree, CFA, FRM, CAIA (Highly Advantageous)
• 2 - 4 years of relevant experience in due diligence assessments of credit risk in Corporate Finance and Project Finance Deals.
• Credit risk experience in both unlisted and listed credit is highly advantageous.
• Knowledge of Credit Assessment Techniques for various asset classes
• Knowledge of Financial Modeling and Valuation techniques
• Knowledge of compliance requirements for investments in Asset Management

Duties:
• To provide expert advice on credit risk factors that may influence investment decisions made on PIC portfolios for both listed and unlisted investments.
• To participate in due diligence of investment considerations and to provide independent risk assessment detailed reports, with recommendations to the various committees to inform decision-making.
• To assess investment considerations against both the client mandates and the PIC’s internal investment-related and other applicable policies and processes, which assessment will form part of the overall risk assessment to inform decision-making.
• To conduct ongoing risk monitoring, at investment and portfolio level for reporting to PIC Management, Client and Board (as required)
• To participate in ad-hoc credit and investment risk-related projects and activities related to improving ways of measuring, managing, reporting and/or minimizing risk while ensuring maximized return on all PIC portfolios.
• To participate in quarterly monitoring of investments (as required), including impairment calculations.
• To participate in ad-hoc requests from clients and/or PIC management to provide input into the risks and opportunities for portfolio optimisation.
• Contribute to the enhancement of credit risk and investment risk processes to enable continued robustness of PIC’s risk management.
• To conduct ongoing research and understanding of financial markets to understand trends and risks to ensure informed credit risk recommendations.

Competencies:
• Knowledge of systems used in investments to perform and apply analytical skills
• Valuation techniques for various asset classes (listed, unlisted and property assets)
• Credit risk management for various asset classes (listed, unlisted and property assets)
• Due diligence and Credit restructuring skills
• Knowledge and understanding of financial and non-financial risks
• Financial/Investment risk management
• Investment Compliance management
• Risk Monitoring and Reporting (‘Cradle to Grave’)
• Programming skills given the dependency on model usage
• Strong analytical skills
• Strong research skills
• Strong financial modelling skills
• Strong presentation skills (written and verbal)
• Ability to work and collaborate with multiple teams in the Investment Process
• Ability to work independently to execute mandated tasks
• Ability to communicate at senior management level
• Ability to work under pressure and tight deadlines Internal Use Only
• Ability to travel (domestically and internationally) to conduct due diligence
• High degree of ethical conduct to ensure the integrity of the investment portfolios and the PIC

With the PIC having topped the R2.6 trillion mark in assets under management and in the process of entering the global investment market, it is the best asset manager any serious professional would want to be associated with. It is also one of the better places from which one can serve South Africa.

PIC is an equal opportunities employer and as such appointments will be in line with the PIC Employment Equity plan.

Closing Date: 18 January 2024

Please email a copy of your comprehensive CV to Recruitment4@pic.gov.za

* Grade range is from D1 – D5 commensurate with applicable minimum requirements.

Privacy Notice: By submitting your job application, you consent to PIC’s processing of your personal information for the purposes of assessing your job application. PIC will process your Personal Information in accordance with applicable laws and the PIC Privacy Policy available here (www.pic.gov.za). You are free to withdraw your consent at any time, after which, PIC may no longer be able consider your job application

The Public Investment Corporation (PIC) invests funds on behalf of public sector entities. The organisation is one of the largest asset managers on the African continent. Applications are invited from dynamic individuals for the following challenging position:

JUNIOR FUND ACCOUNTANT
Job Grade: C1- C5
(Ref: JFA01/10)

Purpose of the role:
The purpose of the role is to administer record keeping of property-related transactions and maintain controls on the accounting system to assist with the compilation of both financial and non-financial information.
Salary: All-inclusive remuneration package negotiable
Division: Finance
Centre: Public Investment Corporation, Pretoria
Requirements

Minimum Qualifications:

Degree in Accounting or Finance/ National Diploma
2-5 years of relevant working experience

Duties:

Monthly record keeping and maintaining of controls in the Properties Portfolio to ensure that the monthly fund transactions are reflected accurately in the accounting records.
Prepare monthly reconciliations of the Balance Sheet for the Properties Portfolio, to ensure that the fund transactions are correctly recorded on the accounting system.
Prepare calculation of management fees, to ensure that fees due to the PIC as asset manager are valid and accurate (i.e. have accrued and calculated as per the applicable client mandate,) and paid timeously.
Ensure that the adjustment accounts for sold buildings are prepared and settled timeously after transfer, this is to ensure that the buildings are de-recognised on time from the accounting system to ensure accounting records reflect an accurate position of the portfolio at all times.
Preparation of monthly and bi-annual submissions to SARS (VAT and Income tax), to ensure compliance with tax legislation.
Preparation of annual financial statements in accordance with applicable accounting standards in order to ensure statutory compliance e.g., Companies Act.
Execution of annual asset verification, this is to verify the completeness and existence of assets reflected in the accounting records.

Competencies and skills:

Knowledge of IFRS, GRAP, Company’s Act, Income Tax Act, PFMA and other relevant legislature
Broad knowledge of financial policies and practices
Knowledge of Financial accounting principles.
Knowledge of Property Application Systems, COGNOS Reporting Systems, Caseware
Understanding of how the public service operates
Knowledge of property business
Applying critical thinking to resolve problems
Ability to analyze and interpret financial data
MS Office including advanced Excel
Collaboration, strong interpersonal, communication and presentation skills

With the PIC having topped the R2.5 trillion mark in assets under management and in the process of entering the global investment market, it is the best asset manager any serious professional would want to be associated with. It is also one of the better places from which one can serve South Africa.

Closing Date: 18 January 2024

PIC is an equal-opportunity employer.

Please forward the copies of your comprehensive CV’s to Recruitment2@pic.gov.za

*Grade range is from C1- C5 commensurate with applicable minimum requirements.

Privacy Notice. By submitting your job application, you consent to PIC’s processing of your personal information for the purposes of assessing your job application. PIC will process your Personal Information in accordance with applicable laws and the PIC Privacy Policy available here (www.pic.gov.za). You are free to withdraw your consent at any time, after which, PIC may no longer be able consider your job application.

The Public Investment Corporation (PIC) invests funds on behalf of public sector entities. The organisation is one of the largest asset managers on the African continent. Applications are invited from dynamic individuals for the following challenging position:

FUND FINANCIAL ACCOUNTANT
Job Grade: D1- D5
(Ref:FFA01/10)

Purpose of the role
To account for property investment transactions ensure accurate financial reporting to stakeholders and provide support to the Properties division.
Salary: All-inclusive remuneration package negotiable
Division: Office of the CFO; Finance
Centre: Public Investment Corporation, Pretoria

Requirements:
Minimum Qualifications:

Grade 12
A Bachelor's Degree in Finance/Accounting or equivalent
Minimum 5 years experience in a similar role

Preferred Qualifications:

Post Graduate qualification in finance or accounting-related field.

Duties:

Ensure minimal external or internal audit queries are raised during a financial year by attending staff training on applicable laws and accounting standards and ensuring a review process is maintained on capturing all transactions.
Assist with the annual budget process by reviewing draft budgets to ensure the accuracy and reasonability thereof.
Maintaining effective working relationships with all stakeholders by ensuring all stakeholders’ information is submitted timeously and providing a prompt response to any queries raised.
Analyse monthly transactions recorded on the accounting system to ensure validity, accuracy and completeness of transactions reported to clients.
Ensure monthly reporting to stakeholders is accurate and provided timeously by ensuring transactions and related supporting financial information are prepared and reviewed according to policies and accounting standards.
Assist with the preparation of Annual Financial Statements of Investee entities and review of AUM monthly, bi-annual and annual tax submissions to SARS in accordance with relevant tax legislation and internal policies and procedures.

Competencies and skills:
• Knowledge of IFRS, GRAP, Company’s Act, Income Tax Act, PFMA and other relevant legislation
• Broad knowledge of financial policies and practices
• Knowledge of Financial accounting principles
• Knowledge of Property Application Systems, COGNOS Reporting System and, Caseware
• Understanding of how the public service operates
• Project management experience
• Knowledge of property business
• Applying critical thinking to resolve problems
• Ability to analyze and interpret large volumes of financial data
• Ability to multitask
• Collaboration
• Strong interpersonal, communication and presentation skills

With the PIC having topped the R2.5 trillion mark in assets under management and in the process of entering the global investment market, it is the best asset manager any serious professional would want to be associated with. It is also one of the better places from which one can serve South Africa.

Closing Date: 17 January 2024

PIC is an equal-opportunity employer.

Please forward the copies of your comprehensive CV’s to Recruitment2@pic.gov.za

*Grade range is from D1- D5 commensurate with applicable minimum requirements.

Privacy Notice. By submitting your job application, you consent to PIC’s processing of your personal information for the purposes of assessing your job application. PIC will process your Personal Information in accordance with applicable laws and the PIC Privacy Policy available here (www.pic.gov.za). You are free to withdraw your consent at any time, after which, PIC may no longer be able consider your job application.

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