PUBLIC INVESTMENT CORPORATION (PIC) Public Investment Corporation SOC Ltd 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 position: ETHICS SPECIALIST (RE-ADVERTISEMENT) Grade: *D1-D5 (Ref No: ETS0022207) Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria Requirements: • Grade 12/Matric • Bachelor’s degree in Commerce/Law, Corporate Governance/ Risk Management and Compliance or equivalent • Ethics Officer Certification Programme (EOCP) Accredited • Over 5 years relevant experience in Ethics and Compliance Management within the financial services industry or related • Knowledge and understanding of legislative requirements related to the PIC Duties: • Implement and monitor ethics risks, and opportunity assessments for the PIC • Contribute to the development of the overall ethics policy, strategy and management plan and ensure alignment with codes of ethics and/or conduct within the PIC • Ensure adherence to ethics standards and compliance with relevant regulations and guidelines • Facilitate the implementation of the ethics communication strategy • Provide advisory and safe reporting on (‘speak – up’ or whistle blowing) facilities • Drive ethical culture in collaboration with HR, Risk, and other inter-related departments • Ensure the development and maintenance of systems and procedures required for effective handling of allegations related to ethics • Ensure prompt investigations pursuant to complaints and allegations of ethical misconduct. • Ensure the implementation and monitoring of consequence management of ethics related cases • Design and implement ongoing learning and awareness programmes on the Code of Ethics and ethics related Policies • Provide regular reports and updates to various stakeholders Competencies and Skills: • Ability to multi-task and prioritise • Excellent communication skills • Excellent report writing skills • Problem solving skills • Strong organizational and project management skills • Ability to build and maintain relationships with peers and management With the PIC having topped the R2 trillion marks 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: 09 AUGUST 2022 PIC is an equal opportunities employer and as such appointments will be in line with the PIC Employment Equity plan. 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.
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: PORTFOLIO MANAGEMENT AND VALUATION ASSOCIATE (ISIBAYA) (Ref: PMVAI197) Job Grade: *D1-D4 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, science and engineering degree • 4-5 years relevant experience in unlisted investments (Deal-making or advisory) • 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, MM) • Business Report writing • Presentation skills • Financial modeling skills • Deal-making experience (Debt, equity and/or quasi-equity) GENERAL ACCOUNTABILITIES: • Assume full responsibility of the allocated portfolio companies from the transaction team to exit. • 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 PIC committees and other stakeholders • 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 scoping and conducting due diligence or independent business reviews • Assist in the drafting of legal agreements • Restructuring of transactions • Assist in valuations of investee company • Development and implement post investment plan for the portfolio companies • Unlocking value in portfolio companies, including restructuring and other corporate actions. • Conduct detailed financial analysis of investments • Stay abreast of developments in the industry sectors portfolio companies operate in • Collect and analyse information provided by investee companies • Contribute to knowledge management process (development of lessons learnt and best practices) • Design and implement exit plans for investment companies 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: 06 AUGUST 2022 3 PIC is an equal opportunities employer. Please email a copy of your comprehensive CV to Recruitment6@pic.gov.za * Grade range is from D1-D4 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. The Public Investment Corporation (PIC) invests funds on behalf of public sectorentities. The organisation is the largest investment manager in the country and the continent. Applications are invited from dynamic individuals for the following challenging 12 month contract position: PORTFOLIO MANAGER: TURNAROUND (X2) (Ref: PMT02207) Job Grade: E2-E3 Salary: All-inclusive remuneration package negotiable Centre: Public Investment Corporation, Pretoria REQUIREMENTS: Minimum Qualifications:
Preferred Qualifications:
Minimum Technical/Core Skill Requirement
GENERAL ACCOUNTABILITIES: FINANCIAL: · Ensure timely and accurate reporting on information to limit outsourcing of work; · Contribute to knowledge management process in order to limit outsourcing of work; · Conduct investee companies visits at lower costs (maintain monitoring costs at minimal); · Keep individual costs within budget (eg. Telephone, travel, training etc); BUSINESS PROCESSES: · Monitor the allocation of clients within the ISIBAYA Combined Risk Matrix (PMV and ESG) · Draft standardized submission documents to be prepared by PMV and ESG for the movement of investments to Turnaround for FP Sign off · Review submissions to the Turnaround Task Team prior to submission · Develop RFP’s for approval by the FP when deep dives and turnaround processes and other related work streams that are being outsourced to the panel · Monitoring of investments against Turnaround Plans; · Monitor all investments on a 2 weekly basis (compliance and performance) in accordance with monitoring processes, policies, guidelines, frameworks and practices; with either the internal team or the appointed consultants · Receive Compiled monitoring reports on a monthly basis from the relevant team; · Present monitoring reports to PMC (Unlisted Investments), IC –( Unlisted Investments; · Provide early warning signals to Fund Principal on new developments not already identified at date of transfer · Update database of investee companies, research and analysis for all investments moved to the Turnaround portfolio · Conduct portfolio companies visits and maintain ongoing interactions with the portfolio companies; · Maintain default stress testing models for all investments (covenant maintenance and testing, covenants monitoring) · Assist in due diligence scoping and conducting of due diligence for investments that may be required to implement the turnaround plan · Assist in the drafting of legal agreements · Assist in the structuring of transaction · Assist in Valuations if part of the Turnaround Plan · Updating of valuations model and database · E-front data capturing (capturing all the investee companies data into the systems) · Development of post investment plan to be submitted together with the investment appraisal report · Manage investees in Business Rescue by Monitoring the BR procedure and liaising with the Business Rescue Practitioner/s · Manage clients in Liquidation by liaising with the liquidators CUSTOMER: · Interaction with investee company under Turnaround ; · Make quarterly field visit to investee company; · Obtain relevant information from investee company or consultants ; · Validate information received from investee company; · Analysis information received from investee company; · Obtain necessary explanations for performance/non-performance or non-compliance from clients; · Interaction with Fund Principal · Interaction with Turnaround Panel members to ensure relationships of trust are built · Interaction with legal experts to ensure that all legal contracts are fully enforceable 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: 03 AUGUST 2022 PIC is an equal opportunities employer. Please email a copy of your comprehensive CV, in the format available on pages 5-7, under this job reference to Recruitment6@pic.gov.za * Grade range is from E2-E3 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.
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