PUBLIC INVESTMENT CORPORATION (PIC) VACANCIES

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We are currently seeking applications from dynamic individuals for the following position: 
 
ASSISTANT PORTFOLIO MANAGER (NON-CONSUMER INDUSTRIALS) 
*Job Grade: E1-E2 
Ref: APMI170225 
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 Listed Equities and Portfolio Manager: Non-Consumer Industrials 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 Non-Consumer Industrials and to supervise analysts. 
 
Requirements:
Minimum Qualifications: 

• B Degree (honours) in Commerce, Finance or Business Science. 
• At least 5-7 years of relevant experience (SA Industrials, Healthcare, Transport and/or TMT listed equities research will be the focus areas but candidates from other sectors would also be considered if they have the relevant skill sets). 
• FAIS RE 05 Certificate or must be obtained within 6 months of employment. 

 
Professional Body/Association: 

• CFA / SAICA or Similar membership would be preferred. 

 
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 
• Corporate Finance/ (M&A) experience would be an advantage 

 
Duties:

• Stock recommendation with detailed investment thesis to develop and customise valuation models 
• Detailed presentation of these recommendations to both the Portfolio Manager: Non- Consumer Industrials as well as the Internal Listed Equities team and other relevant committees 
• 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 
• Recommendations on Corporate actions to both the Portfolio Manager: Non-Consumer Industrials as well as the Internal Listed Equities team and other relevant committees 
• Supervise the analyst 

 
Competencies and skills: 

• Self-starter
• Ability to cope with pressure and setbacks 
• Strong numerical and analytical 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: 03 March 2025 
 
* 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.
 
 
 
 
 

​We are currently seeking applications from dynamic individuals for the following position: 
 
ASSOCIATE: WORKOUT AND RESTRUCTURING
*Job Grade: D1-D5 
Ref: AWR140225 
Salary: All-inclusive remuneration package negotiable 
Centre: Public Investment Corporation, Pretoria 
 
Purpose of the role: 
To monitor investments from compliance to legal agreements, investment performance and TOVA issues, including Liquidations and Business Rescue Processes. 
 
Requirements:
Minimum Qualifications and Experience: 

• B Com (Honours) in Finance or B.Sc (Honours) in Finance or any other similar commerce, engineering, legal or finance degree 
• A minimum of 6 years’ experience in commercial/corporate turnarounds and rehabilitation, in an asset management, private equity organisation, financial institution or a consulting firm 
• FAIS RE 05 Certificate or must be obtained within 6 months of employment 

 
Preferred Qualifications:

• Professional qualification in finance, engineering, legal or any other similar relevant degree 
• Chartered Accountant, CFA, Master’s degree or Certified Rescue Analyst (CRA) would be an advantage 

 
Minimum Technical/Core Skill Requirement 

• Knowledge of credit risk assessment 
• Knowledge of Financial Analysis and Interpretation 
• A well-developed knowledge of business, management and finance philosophies and practices. 
• Ability to apply technical and business understanding to assist with the rehabilitation of non-performing assets. 
• Ability to apply a wide range of financial and risk assessment and mitigation techniques to the client’s business operations. 
• Dealing with private sector / commercial workout turnarounds 
• Experience in the legal process associated with turnarounds /workouts, business rescue and liquidations. 
• Experience in Investment Analysis and Financial Modelling 

 
Duties:

• Prepare submission reports for the various committees and other stakeholders. 
• Review submission documents prepared by PMV and ESG for the movement of investments to Turnaround. 
• Assist in drafting RFPs for approval by the AFP &/ FP. 
• Monitoring of investments against Turnaround Plans. 
• Provide early warning signals to the Manager on new developments not already identified at the date of transfer. 
• Update database of investee companies, research and analysis for all investments moved to the Turnaround portfolio. 
• Conduct portfolio company visits and maintain ongoing interactions with the portfolio companies. 
• Conduct detailed financial analysis on investee companies 
• Assist in due diligence scoping and conducting due diligence for investments that may be required to implement the turnaround plan 
• Assist in the drafting of legal agreements. 
• Assist in the restructuring of the transaction. 
• Perform/Assist in Valuations if part of the Turnaround Plan 
• Updating of valuations model and database 
• E-front data capturing (capturing all the investee company's data into the systems). 
• Development of post-investment plan to be submitted together with the investment appraisal report 
• Assist in managing investees in Business Rescue by Monitoring the BR procedure. 
• Assist in managing clients in Liquidation. 

 
Competencies and skills: 

• Strong business acumen 
• Good report writing and presentation skills to internal and external stakeholders 
• Excellent communication skills (oral and written) 
• Interpersonal skills 
• Negotiation skills 
• Planning and organising 
• Time management 
• Performance and result-oriented 
• Ability to deal with stress/pressure 
• Strong quantitative and qualitative analytical skills 
• Customer service oriented 

 
 
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: 28 February 2025 
 
* 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 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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We are currently seeking applications from dynamic individuals for the following position: 
 
OPERATIONAL RISK ANALYST
*Job Grade: D1 – D5 
•Ref: ANLST003 
Salary: All-inclusive remuneration package negotiable 
Centre: Pretoria, Risk Management Division 
 
Purpose of the role: 
To identify, assess and mitigate risks within the organization’s operational processes. 
 
Requirements:

• Relevant degree in Risk or Audit. 
• Sound understanding of operational risk management principles. 
• Financial services industry knowledge and experience (Preferably Asset Management). 
• A good understanding of listed and unlisted investments. 
• Minimum 4 years of operational risk experience in financial services. 

 
Duties:

• Conduct day-to-day operational risk activities in terms of the Operational Risk Management Framework (ORMF) and related frameworks, policies, and procedures. 
• Assist the Senior Manager: Operational Risk in the identification, assessment, responses, and monitoring of operational risk in the PIC. 
• Coordinate the risk analysis activities of the PIC Business Units, including both listed and unlisted investments. 
• Work with Compliance, Internal & External Audit functions and other Assurance Providers to direct their efforts towards reviewing controls that mitigate the identified risks across the organization. 
• Support the process of identifying and reporting risk incidents and assist in the design of risk mitigation and control procedures within PIC. 
• Support process of identifying and reporting issues and actions within PIC. 
• Conduct control environment assessments for the organization. 
• Conduct, implement and assess key risk indicators. 
• Assist the ORM Department with reporting to various governance structures. 

 
Competencies and skills: 

• Problem-solving skills. 
• Attention to detail. 
• Good communication skills both verbal and written. 
• Knowledge of compliance, risk, and financial management. 
• Knowledge of financial markets - capital, money, equity, foreign exchange, and financial derivatives. 
• Knowledge of insurance coverage, and industry standards. 
• Knowledge of the ISO 31000 standards, Basel Operational Risk principles, COSO risk governance principles, and corporate governance principles e.g., King IV. 
• Knowledge of (ORX) Operational Risk Reporting Standards. 
• Knowledge of enterprise risk management principles. 

 
 
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: 21 February 2025 
 
* 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 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.