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: 
 
ASSOCIATE FUND PRINCIPAL: PROPERTY DEALS AND TRANSACTIONS (REF: APPDT02) 
Grade: E1 – E4 
Salary: All-inclusive remuneration package negotiable 
Centre: PIC Properties division, Pretoria 
 
Purpose of the role: 
To assist the Fund Principal in providing leadership and strategic vision for the fund investment, management, development, implementation and execution of a pipeline of property transactions for PIC Properties and to deliver the pipeline according to the approved outputs and thereby generating fee income for the business unit. 
 
Requirements:

• Honours degree in Finance, Commerce, Real Estate, or equivalent relevant qualification 
• CA SA)/CFA and/or Relevant MCom, MBA or MSc in Real Estate would be advantageous 
• 6 - 8 years Investment and deal experience in the property industry experience 
• Technical Knowledge in Real Estate 
• Deal Structuring expertise (equity and debt) 
• FAIS RE 05 Certificate or must be obtained within 6 months of employment 

 
Duties:

• Assist the Fund Principal in management of the deal pipeline; 
• Proactively identify investment partners and opportunities 
• Responsible for evaluating and unlocking value in the existing property portfolio in terms of feasibilities of sales and acquisitions. 
• Oversee and manage the structuring of transactions that consider equity and debt components where applicable. 
• Strategy implementation 
• Play an active role in the production of committee reports to motivate deals/transactions proposed 
• Oversee the production of quality committee reports to motivate deals proposed 
• Risk management and compliance 
• Human resource management 
• Stakeholder management 
• Continuously assess portfolio balance and diversification in line with annual property strategies 
• Implement functional relationships with other asset holders/DFIs/government departments (e.g. Conclude and implement MOUs); 
• Present transactions to respective PIC Committees and PIC clients where necessary 
• Manage transaction negotiation, due diligence, legal close and disbursement in an effective and timeous manner 
• Develop and maintain professional and industry networks to maximise investment leads 
• Implement and manage a reporting and management system that controls the pipeline management, board motivations, board reporting, deal status, etc. 
• Research and maintain awareness of the market that may lead to/open up new opportunities and create a competitive advantage for the PIC and clients 
• Oversee and actively manage in a timeous and effective manner deal/transaction assessments 
• Manage, lead, mentor and advise a diverse investment team 
• Develop and build a well-motivated and robust investment team 

 
Competencies and skills: 

• Technical knowledge of Real Estate 
• Deal Structuring expertise (equity and debt) 
• Financial management 
• People management 
• Strategic planning 
• Negotiation and deal structuring 
• Advanced financial modelling skills 
• Industry and sectoral research 
• Valuations
• Corporate Finance experience 
• Target Driven 
• Attentive to detail 
• Performance Driven 

 
Our firm values diversity, excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and are willing to be part of a team that is focused on creating meaningful change, you are we welcome to submit your application for this position. 
 
Closing Date: 28 June 2024 
 
* Grade Range: The grade range for this position is from E1 – E4, 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 to: Recruitment4@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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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: 
 
PORTFOLIO MANAGEMENT AND VALUATIONS ASSOCIATE – PROPERTIES 
• *Job Grade: D1-D5 
• Ref: PMVAP200624 
Salary: All-inclusive remuneration package negotiable 
Centre: Public Investment Corporation, Pretoria 
 
Purpose of the role: 
To manage, monitor and analyse financial and non-financial performance information of Property Investments (Direct and Indirect Investments) and their respective counterparties 
 
Requirements:
Minimum Qualifications : 

• B Com (Honours) in Commerce or B.Sc (Honours) in Finance, Property Studies or related degree or any other related commerce and finance degree 
• 4 - 5 years in post-investment management 
• 4 years working experience, with exposure to Commercial Property or other Investments 
• FAIS RE 05 Certificate or must be obtained within 6 months of employment 

 
Preferred Qualifications : 

• Masters Degree (finance, property studies, engineering, legal) or any other relevant commerce and engineering degree 
• CA (SA), CFA 

 
Minimum Technical/Core Skill Requirement 

• Knowledge of Credit Risk Assessment 
• Knowledge of Financial Analysis and Interpretation 
• Experience in Financial Modeling 
• Performance measure (IRR) 
• Audit skills 

 
Duties:

• Conduct financial analysis of investments 
• Ensure that relationships with key stakeholders are well-maintained 
• Attending Shareholder meetings and investee engagements (Shareholder activism) 
• Prepare performance reports on the above matters for submission to governance committees in line with business stipulated frequency 
• Identify timeous warning signals for investments with a high probability of defaults in line with the rating matrix 
• Collect reportable information from investee companies in line with the approved process 
• Validate and analyse PMV information provided by investee companies (analytical review) 
• Contribute to knowledge management process (development of lessons learnt and best practices) and assist in the structuring of transactions 
• Research and sectorial analysis 

 
Competencies and skills: 

• Ability to present and communicate information 
• Excellent writing and reporting skills 
• Good Interpersonal skills 
• Planning and organising 
• Delivering results and meeting customer expectations 
• Ability to cope with pressures and setbacks 
• Strong quantitative and qualitative analytical skills to make sound decisions 
• Self-starter
• Problem-solving skills and ability to innovate 

 
 
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: 27 June 2024 
 
* Grade Range: The grade range for this position is from D1-D5, 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 “PMVAP200624” in the subject line 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.