NATIONAL EMPOWERMENT FUND (NEF) VACANCIES

NATIONAL EMPOWERMENT FUND (NEF)

INVESTMENT ASSOCIATE

Listing reference: nef_000204

Listing status: Online

Apply by: 6 November 2026

Position summary

Industry: Financial Services

Job category: Other: Banking, Finance, Insurance, Stockbroking

Location: Sandton

Contract: Fixed Term Contract

Remuneration: Market Related

EE position: Yes

Introduction

To source and execute deals, support business development as well as maintain client relationships.

Job description

Business development/ transaction origination

• Support business development initiatives.
•  
• Develop and maintain clients network and relationships;
• Develop and maintain client portfolio to source transactions;
• Consult with BEE groups, intermediaries, lending institutions and other stakeholders;
• Explore opportunities for new investments through networking;
• Actively participate in business development initiatives;
• Contribute to the development of a business development strategy;
• Start to build networks within BEE market;
• On deal flow start to build reputation as an acknowledged/successful deal maker.

Transaction execution

• Applies standard project management skills of resource utilization, process management independently but still needs advice / assistance on deal structuring techniques and negotiation skills:
  
  
• Mobilize, coordinate and guide internal and external resources to appraise project/deals;
• Manage and influence internal decision making and project processes to obtain investment approval;
• Develop a broad knowledge of (of corporate finance/private equity macro environment, sector, specific transaction) to support team in identifying and recommending appropriate mitigation measures on key risk issues;
• Partake in due diligence exercises, using approved processes and principles as outlined in the due diligence scope;
• With assistance recommend, develop, negotiate innovative/optimum/appropriate finance and legal structures for each investment deal ensuring long term sustainability/ viability of the project to the
  benefit of the client and the NEF;
• With assistance utilize knowledge of project deal structuring in compiling paralegal documents such as term sheets;
• With assistance support negotiate with clients/co-financiers on an acceptable deal / project structure financial term, security to ensure successful deal closure;
• With support oversee the finalization of legal agreements pertaining to the transaction/project.

Minimum requirements

Experience / Skills Required

• Minimum of 3 years’ experience in dealmaking,
• Deal structuring experience
• Solid Project management experience 
• A generalist in area in corporate finance with some experience in private equity

Qualification Requirements

• Graduate degree, preferably a BCom Accounting, CA, CFA or equivalent

Personal Attributes/Behaviours/Attitudes

Cognitive Competencies

• Analysis and Attention to Detail
• Conceptual / Big Picture Thinking
• Creative / Innovation
• Focus & Sustained Attention
• Judgement and Decision Making
• Problem Solving & Learning Agility 

Intrapersonal Competencies

• Assertiveness
• Drive and Result Orientation
• Decisiveness & Action Orientation
• Ethical Judgement
• Excellent / Quality Orientation
• Resilience and Stress Management
• Rule Orientation
• Time and Self- Management
• Objectivity 

Interpersonal Competencies

• Building Relationships
• Customer Service Orientation
• Engaging Diversity
• Interpersonal Agility
• Teamwork

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INVESTMENT ANALYST

Listing reference: nef_000203

Listing status: Online

Apply by: 6 November 2026

Position summary

Industry: Financial Services

Job category: Other: Banking, Finance, Insurance, Stockbroking

Location: Sandton

Contract: Fixed Term Contract

Remuneration: Market Related

EE position: Yes

Introduction

To provide support function to Investment Associates on all areas of transaction execution.

Job description

To assess, package and recommend UIF transactions to committees for approval.

Transaction execution

• Applies standard investment analysis (under the advice / assistance of senior team members) on deal structuring techniques, market analysis and valuation principles.
•  
• Provide comprehensive financial analysis, using approved financial modelling tools, to the Deal Team on transactions presented to the NEF.
• Analyse, compile and report on market information on a deal-by-deal basis.
• Provide comprehensive valuation analysis on all transactions in order to mitigate risks to the NEF and the parties it supports by using industry best practice in valuation analysis.
• Mobilise, coordinate and guide internal and external resources to appraise deals / applications.
• Leverage relationships within the industry to create on-going industry analysis inflow from other institutions.
• Manage and influence internal decision–making and project process to obtain investment approval.
• Develop a broad knowledge (of corporate finance / private equity macro environment, sector, and
• Other specific transaction dynamics) to support the team in identifying and recommending appropriate mitigation measures on key risk issues.
• Partake in due diligence exercises at the request of the senior deal team member, using approved processes and principles as outlined in the due diligence scope.
• Provide commentary on innovative / optimum / appropriate finance and legal structures for each investment deal ensuring long term sustainability / viability of the project to the benefit of the client and the NEF.

Minimum requirements

Experience / Skills Required

• A generalist in corporate finance with some experience in private equity.
• An expert Analyst demonstrating a good to high command of the abilities required to perform the role.
• 2 – 5 years Financial Analysis experience.

Qualification Requirements

• B Com Hons or Engineering Degree

Personal Attributes/Behaviours/Attitudes

• Ability to place oneself outside a situation
• Take all the relevant information into consideration and draw conclusions
• The exchange of information or the planning of joint efforts by a group
• The ability to plan, organise, lead and control in the work environment to achieve the business objectives
• The ability to apply project management planning techniques to conduct effective planning of work outputs and distribution of resources equitably
• Accuracy
• Analytical
• Initiative
• Enthusiasm
• Commitment
• Hard work

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POST INVESTMENT ASSOCIATE X3

Listing reference: nef_000202

Listing status: Online

Apply by: 6 November 2026

Position summary

Industry: Financial Services

Job category: Asset and Fund Management

Location: Sandton

Contract: Fixed Term Contract

Remuneration: Market Related

EE position: Yes

Introduction

To monitor the investment portfolio, portfolio recoveries and restructuring as well as effective portfolio risk management.

Job description

• The primary role is to conduct post investment due diligence and monitoring of investments in your allocated NEF portfolio
• To conduct due diligence on application from investees for further funding and obtain approval from the relevant committees per DOA
• Periodic site visits to investee companies.
• Oversee investee legal compliance
• Investee valuations and impairment calculations
• Quarterly risk analysis and reporting of investee companies (NEF internal and external)
• Liaison with internal and external audit departments
• Manage the NEF mentor panel of consultants per NEF investment
• Monitor and report back on Empowerment Dividend data
• Early identification / flagging of potential areas of non-compliance and defaulting clients
• Attend investee board (if nominated) as and when required
• Attend internal departmental committee meetings as and when necessary

Minimum requirements

Experience / Skills Required

• At least 5 years deal making/investment experience;
• Strong Project Management and Corporate Finance and/or Venture Capital experience (minimum of 5 years);
• Completed articles or have strong audit experience;
• Good working knowledge of key commercial statues and regulations (e.g. Taxation, Companies Act,
• Commercial Law, Litigation and Insolvency Law);
• In-depth experience in financial modelling;
• Ability to analyse and interpret financial statements;
• Conduct enterprise valuations and exits on large complex deals;
• Proven track record of managing a diverse investment portfolio from a post investment perspective;
• Various industry sectors experience;
• Portfolio risk analysis experience;
• PC: MS Word, Excel and PowerPoint competency at an advanced level;
• Strong report writing skills;
• Understanding of enterprise valuation and exit valuation methodologies from a post investment perspective.

Qualification Requirements

• Graduate degree – minimum B.Com. (Business and Finance, Accounting).
• Honours degree – B.Com. (Finance, Accounting or CTA)

Personal Attributes/Behaviours/Attitudes

• Self-starter and initiator
• Superior negotiating skills
• Strong ability to influence experienced entrepreneurs at board level
• Output driven
• Attention to detail, Quality conscious, Thoroughness
• Meeting customer needs
• Managing relationships
• Analytical and superior judgement
• Effective communication
• Confidentiality/integrity
• Personal organisation – ability to work independently unsupervised
• Maintain high levels of work standards

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POST INVESTMENT FINANCIAL ANALYST

Listing reference: nef_000201

Listing status: Online

Apply by: 6 November 2026

Position summary

Industry: Financial Services

Job category: Other: Banking, Finance, Insurance, Stockbroking

Location: Sandton

Contract: Fixed Term Contract

Remuneration: Market Related

EE position: Yes

Introduction

To provide investment support to Post Investment Associates by analysing deals, ensure that the financial models are appropriate for seamless revenue collection.

Job description

• Provide comprehensive financial analysis using approved financial modelling for existing portfolio companies;
• Analyse, compile and report on market information on a deal-by-deal basis;
• Contribute to the development of a business development strategy when required for the portfolio companies;
• Develop a broad knowledge (of corporate finance / private equity macro environment, sector, specific transaction) to support team in identifying and recommending appropriate mitigation measures on key risk issues for portfolio companies;
• For additional funding and or restructure, partake in due diligence exercises at the request of the team member, using approved processes and principles as outlined in the due diligence scope;
• Provide commentary on innovative / optimum / appropriate finance and legal structures for each investment deal ensuring long term sustainability / viability of the project to the benefit of the client and the NEF;
• Analysing financial information relating to specific companies, e.g. company results, profit and loss, balance sheet and cash flow statements to determine the commercial viability of portfolio companies;
• Consider the economic implications which might affect the performance of portfolio companies;
• Analysing equity valuations of portfolio companies semi-annually;
• Annual site visits to investee portfolio companies;
• Early identification / flagging of potential areas of defaulting clients.

Minimum requirements

Experience / Skills Required

• 2 – 5 years Financial Analysis experience
• A generalist in area of corporate finance with some experience in private equity
• PC Literacy is essential and use and knowledge of Excel is important as this role often involve financial modelling and projection work Strong Project Management and Corporate Finance and/or Venture Capital experience (minimum of 5 years).

Qualification Requirements

• Graduate degree – minimum B.Com. (Business and Finance, Accounting).

Personal Attributes/Behaviours/Attitudes

• Analytical thinker
• Strong entrepreneurial understanding
• Assertive
• Strong team contributor
• Exceptional time management quantities
• Integrity
• Maintains high levels of work standards
• Highly effective communications skills
• Process and service orientation

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