PUBLIC INVESTMENT CORPORATION (PIC) Private Bag X187 Pretoria 0001 Republic of South Africa 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 positions: PORTFOLIO MANAGEMENT AND VALUATIONS ASSOCIATE – PROPERTIES (X2 VACANCIES) Job Grade: * D1 – D5 (Ref: PMVAP1114) Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria Requirements: • B Com (Honours) in Commerce or B.Sc (Honours) in Finance, Property Studies related degree or any other related commerce and finance degree • CA (SA), CFA or Master’s degree would be an advantage • 4 - 5 years in post-investment management, report writing and presentation skills • 4 years working experience, with an exposure to Commercial Property or other Investments • Knowledge of Credit Risk Assessment • Knowledge of Financial Analysis and Interpretation • Experience in Financial Modeling • FAIS RE 05 Certificate or must be obtained within 6 months of employment Duties: • Monitor and analyse financial and non-financial performance information of Property Investments and their respective counterparties • Develop monitoring plans and post-investment management strategy of all Unlisted Property investments • Develop post investment plan to be submitted together with the investments appraisal report • Monitor all investments (compliance and performance) in accordance with monitoring processes, policies, guidelines, frameworks and practices • Minimise impairments of investments through active monitoring of covenants and early remedial actions • Compile reports and present them to all Exco and Board sub-committees as well as Clients • Provide early warning signs to the Property Investments team and Senior Manager: Portfolio Management • Conduct investee companies and property site visits and maintain ongoing interactions with the investee companies Competencies and skills: • Excellent communication skills, both verbal and written • Good interpersonal skills • Be customer service oriented • Be able to handle excessive pressure • Be willing to adapt to change when required • Be able to operate with little supervision • Be deadline driven With the PIC having exceeded the R2 trillion mark in assets under management as well as entered 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: 30 November 2022 PIC is an equal opportunities employer. Please email a copy of your comprehensive CV, quoting the reference number for this role, to Recruitment6@pic.gov.za * Grade range is from D1 – D5 commensurate with applicable minimum requirements 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. PORTFOLIO MANAGEMENT AND VALUATION ASSOCIATE (ISIBAYA) (Ref: PMVAI1511) Job Grade: *D1-D5 Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria Requirements: Minimum Qualifications: • B Commerce Degree (finance, engineering, legal) or any other relevant commerce and engineering degree • 4-5 years relevant experience in unlisted investments • Knowledge of Credit Risk Assessment • Knowledge of Financial Analysis and Interpretation • Experience in Investment Analysis and Financial Modelling Preferred Qualifications: • Post Graduate Degree (finance, engineering, legal) or any other relevant commerce and science degree Minimum Technical/Core Skill Requirement • Credit risk assessment • Financial analysis and interpretation • Performance measuring (IRR) • Business Report writing • Financial modeling skills • Audit skills GENERAL ACCOUNTABILITIES: • Monitor all investments on quarterly basis (compliance and performance) in accordance with monitoring processes, policies, guidelines, frameworks and practices. • Compile and present monitoring reports to Investment Committee and Portfolio Management Committee • Provide early warning signals for investments with high probability of default • Conduct portfolio companies visits and maintain ongoing interactions with the portfolio companies. • Assist in the drafting of legal agreements • Assist in the restructuring of transactions • Assist in valuations of investee company • Development of post investment plan for the portfolio • Assume full responsibility for the allocated portfolio companies from transaction team to exit. • Assist in unlocking value in portfolio companies, including restructuring and other corporate actions. • Conduct detailed financial analysis of investments • Prepare regular portfolio reports for submission to Investment Committees and other stakeholders • Collect, validate and analyse information provided by investee companies • Contribute to knowledge management process (development of lessons learnt and best practices) and assist in the structuring of transactions COMPETENCIES: • Excellent communication skills (oral and written) • Negotiation skills • Interpersonal 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 With the PIC having topped the R2 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: 29 November 2022 PIC is an equal opportunities employer. Please email a copy of your comprehensive CV to Recruitment6@pic.gov.za * Grade range is from D1-D5 commensurate with applicable minimum requirements 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. SENIOR MANAGER: MARKET RISK (RE-ADVERTISEMENT) Job Grade: E2 – E4 (Ref: SMMARR001) Salary: All-inclusive remuneration package negotiable Centre: Risk, Pretoria Requirements: • Grade 12 & Degree in Commerce or Risk Management • Postgraduate qualifications / Financial Risk Management and/or CFA, PRM and/or equivalent • At least 5 – 8 years financial risk management experience in the financial services industry • Sound understanding both in terms of depth and breadth of financial risk management principles • FAIS RE 05 certification or must be obtained within 6 months of employment • Advanced knowledge of investment risk management systems • 1 – 2 years experience in team leadership and people management Preferred: • Financial Risk Management and/or CFA and/or equivalent • Professional Risk management related bodies membership Duties: • Develop and maintain a financial risk management framework, encompassing the market and liquidity risk frameworks, including processes and procedures for a structured approach to risk identification, assessment, measurement, reporting and monitoring in the corporation • Monitor market and liquidity risk compliance with mandates, deal agreements, policies, processes and procedures, in relation to investment risk Internal Use Only • Monitor and report portfolio Investment Risk periodically (daily, monthly, quarterly, annually) • Review risk reports compiled by the Market Risk Analysts and Senior Analysts • Report periodically to various committees within the corporation • Responsible for ensuring the corporation’s policies, procedures, guidelines for market risk are reviewed periodically, ensuring that they remain relevant to the environment and aligned with best practice • Oversight of investment risk systems, ensuring the corporation adopts best practice solutions to manage market risk • Valuation of financial instruments and derivatives • Regular review of pricing models • Oversight of market data and instruments pricing • Formulate and manage the department budget • Periodic portfolio analysis (including stress-testing, and scenario analysis) as required • Responsible for ensuring internal controls for Market Risk department remain robust and introduce and implement additional controls where required • Represent the Risk department in various committees of the corporation and client engagement meetings • Support the CRO and GM: Investment Risk on an ad-hoc basis to represent Risk in various forums and committees, on an ad-hoc basis. • Support the SM: Credit Risk on an ad-hoc basis where required • Reporting as appropriate to senior management, Board/Board committees and clients • Lead, mentor and develop a dynamic team of professionals Competencies: • Strong analytical skills • Strategic thinking • Ability to work in a highly pressurized environment • Strong financial modelling capabilities (build, maintain and validate models) • Project management skills • Creativity/innovation • Excellent communication skills, both verbal and written • Thorough knowledge of risk management principles and practices • Knowledge of asset management industry • Knowledge of financial markets - capital, money, equity, foreign exchange and financial derivatives • IRFS hierarchy of valuation techniques • PFMA, Treasury Regulations and other relevant legislation • Knowledge of Corporate Governance, Law, Company Law • Knowledge of Ethics • Valuation methods and techniques • Compliance Management • Financial Management • Operational Risk Management With the PIC having excess of R2,5 trillion 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: 28 November 2022 Please email a copy of your comprehensive CV to Recruitment4@pic.gov.za * Grade range is from E2 – E4 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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