PUBLIC INVESTMENT CORPORATION (PIC) VACANCIES

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The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose mandate is to make investments in various sectors of the economy on behalf of public sector entities. Amongst our clients are the Government Employees Pension Fund, the Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown to be amongst the top, large investment managers in South Africa and the rest of the African continent, with current assets under management at just over R2.6 trillion. At the centre of our growth is a team of self-driven professionals who are results-focused.
 
We are currently seeking applications from dynamic individuals for the following position: 
 
ASSISTANT PORTFOLIO MANAGER (CONSUMER) 
• *Job Grade: E1-E2 
• Ref: APMC291024 
Salary: All-inclusive remuneration package negotiable 
Centre: Public Investment Corporation, Pretoria 
 
Purpose of the role: 
To carry out in-house equity research, supply Head of Equities and Portfolio Manager: Consumer with equity buy or sell recommendations to enable PIC to meet its investment targets. To also assist with the maintenance of the house view as far as it relates to the [relevant sector] and to supervise analysts. 
 
Requirements:
 
Minimum Qualifications: 

• B Degree in Commerce, Finance or Science 
• At least 7 years relevant experience 
• FAIS representative 

 
Preferred Qualifications:

• Postgraduate degree in commerce, finance, or science 

 
Professional Body/Association: 

• CFA / SAICA or Similar 

 
Minimum Technical/Core Skill Requirement: 

• Investment analysis 
• Evaluate market intelligence 
• Recommend sector stock 
• Stock specific research 
• Equity market research 
• Complete and customise Excel-based valuation models 
• Maintain, develop, and update fundamental equity models 

 
Duties:

• Consumer stocks recommendation with detailed investment thesis to develop and customize valuation models 
• Detailed presentation of these recommendations to both the Portfolio Manager: Consumer as well as the Internal Listed Equities team 
• Awareness of portfolio and stock exposures 
• Timely maintenance of valuation models to factor for new market information 
• Provision of investment thesis, valuations, industry and company information 
• Supervise the analyst 

 
Competencies and skills: 

• Self-starter
• Ability to cope with pressure and setbacks 
• Strong numerical skills 
• Communication and Presentation skills 
• Excellent writing skills 
• Thorough and accurate analysis 
• Interpersonal skills 
• Planning and organising 
• Delivering results and meeting customer expectations 

 
 
Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position.
 
Closing Date: 05 November 2024 
 
* Grade Range: The grade range for this position is from E1-E2, commensurate with applicable  minimum requirements. 
 
The PIC is an equal opportunities employer, aligning appointments with the PIC Employment  Equity plan. 
 
Please forward a copy of your comprehensive curriculum vitae, quoting the reference number, to: Recruitment6@pic.gov.za
 
Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

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CAREER OPPORTUNITY CHIEF EXECUTIVE OFFICER 
 
The Public Investment Corporation SOC Limited (PIC) is an asset management firm wholly owned by the government of the Republic of South Africa, represented by the Minister of Finance. With over R2.7 trillion of assets under management, PIC is Africa’s largest asset manager, established in 1911 and corporatized in 2005, investing funds across asset classes such as listed equities, real estate, capital markets, private equity and impact investments on behalf of the Government Employees Pension Fund (GEPF), as well as other public sector clients such as the UIF, CC, CP and AIPF which focus on provision of social security. Through its listed investments, the PIC controls over 10% of the Johannesburg Stock Exchange. The PIC has a mandate to invest in the rest of the African continent and beyond. 
 
The organisation is seeking to appoint a Chief Executive Officer (CEO) who has sound experience in business leadership, with preference but not limited to the financial sector i.e. asset management, funders or investment management - as well as demonstrable knowledge and understanding of governmental regulations, compliance requirements and policy considerations. He/she will have a strong ability to build relationships with multiple key stakeholders, exhibit strong influencing skills, and possess strategic leadership and thinking. The incumbent must demonstrate competence and unquestionable ethical conduct. The PIC is seeking a visionary CEO to take the helm of this prestigious and key player in the South African economy. The CEO will have the rare opportunity to shape the future of asset management in South Africa, have material influence in companies listed on the Johannesburg Stock Exchange and be pivotal to funding private companies poised for growth in our economy, while maximizing returns for our clients. The CEO’s strategic vision and leadership will guide the leadership team to new heights of success, while fostering a culture of collaboration, integrity, and excellence. 
 
As a custodian of a sustainable and profitable future for the organisation for the benefit of all its stakeholders, the CEO is accountable to the board and the shareholder for overall business performance by leading the creation and implementation of the group vision and strategy through the leadership of an executive team. Key additional focus areas include strategic networking, continuous improvement, innovation and building and maintaining a robust control environment. 
 
Key Responsibilities: 
Develop and execute a comprehensive strategic plan to drive business growth and enhance shareholder value. 

1. Strategy development, execution, monitoring and reporting: Improved organizational confidence and ongoing improvement of the organisation’s image and visibility, and play a key role in the diversification of the South African economy. 
2. Financial oversight: Achievement of over-arching financial goals and objectives by ensuring sufficient capacity, resources and skills to manage the organisation’s financial position and have clean audits. 
3. Business sustainability and profitability: Achievement of growth objectives with evidence of proactive risk management which includes favourable investment returns and increase of assets under management. 
4. Internal and external stakeholder engagement: Build and maintain positive market perceptions from clients, investors, investees, analysts, regulators and the shareholder. 
5. Operational oversight: Ensure consistent delivery on agreed organisational performance and improving technology enabled operational efficiency. 
6. Governance, risk and compliance management: Ensure compliance with all applicable laws, regulations, and industry best practices, and prudent risk management. 
7. Leadership of the executive team: build and maintain leadership cohesion and through them engender an organisational culture that supports excellence, integrity, continuous improvement, appreciation of diversity, retention of talent and general improvement of staff morale. 

 
Qualifications, competencies, skills and experience: 

• Postgraduate qualification would be advantageous. 
• Proven track record of success in senior leadership roles. 
• Strategic, with commercial and financial acumen 
• Stakeholder management. 
• Understanding of financial markets, investment strategies would be advantageous. 
• Knowledge of risk management principles. 
• Strong leadership presence with the ability to inspire and motivate teams. 
• Commitment to diversity, equity, and inclusion in the workplace. 

 
 
The CEO will be based at the PIC head office in Menlyn, Pretoria. 
 
A competitive remuneration will be negotiated with the successful candidate. 
 
The PIC is an equal opportunity employer, committed to employment equity. Confidential applications enclosing detailed profiles and contact details, quoting PIC CEO, should be sent to executive-search@SearchPartners.co.za by Monday 4 November 2024.