Senior Investment Associate

Listing reference: nef_000028
Listing status: Under Review
Apply by: 21 May 2024
Position summary
Industry: Financial Services
Job category: Banking, Finance, Insurance. Stockbroking
Location: Sandton
Contract: Fixed Term Contract
Remuneration: Market Related
EE position: Yes
Introduction
The National Empowerment Fund is looking for a Senior Investment Associate who will join our Turnaround, Workout and Restructure (TWR) team on a fixed-term contract. The successful candidate will provide competitive and innovative solutions to rehabilitate businesses in distress and protect the interests of the NEF’s investment.
Job description

Debt Restructuring
  • Restructure the exposure of clients that are experiencing financial difficulties where such businesses have long-term financial viability and where liquidation is not a beneficial solution.
  • Restructure the companies and reduce the significant impairments and / or write-offs.
  • Establish the nature of the problem and develop a restructuring plan.
  • Review and monitor the businesses financial performance.
  • Review and monitor the collections.
  • Interface with other stakeholders for decision making.
 
Turnarounds
  • Develop the turnaround strategies.
  • Monitor the implementation of the turnaround plan.
  • Introduce investors or strategic partners into a business that is facing financial difficulties where such investors or strategic partners can add value and turnaround the company.
 
Business Rescue
  • Attend to all business rescue proceedings and advice on the acceptance of the business rescue plan.
  • Monitor the implementation of the Business Rescue Plan.

Risk Management
  • Ensure that early warnings signs and other key risks factors are proactively identified.
  • Follow up and implement the recommendations of the internal and external audit findings.
 
Reporting
  • Prepare a restructuring proposal.
  • Present the proposal to relevant credit committees for approval.
 
Monitor the restructured portfolio and IA’s output
  • Manage/ monitor the non-performing loans until these loans have been rehabilitated or until the non-performing loans have been transferred to Legal.
  • Oversee the output and quality of work of the various IA’s in TWR and ensure that transactions are managed well and actioned timeously.

Minimum requirements

Qualifications

  • CA (SA) or BCom Accounting with postgraduate degree e.g. BCompt (Honours) or a relevant 4-year financial tertiary education or equivalent.

Experience

  • At least 5 years’ experience in corporate restructurings and turnarounds.
 
  • Credit experience is essential, including corporate restructurings and financial analysis. 

Personal Attributes/Behaviours/Attitudes

  • The ability to plan, organise, lead and control in the work environment to achieve the business objectives,
  • The ability to communicate effectively and efficiently at all levels in the organisation,
  • The ability to negotiate with role players and arrive at a win-win situation in the best interest of the organisation and the negotiating party,
  • The ability to understand the problem/situation, evaluate alternatives and take timely action, which will enhance the performance of the organisation,
  • The ability to plan and execute projects,
  • The ability to analyse the position of a business related to the financial position and business viability to enable appraisal of the business for purposes of future existence and requirements in terms of business and economic viability,
  • The ability to utilise the correct computer software and the relevant functionality applicable to the outcomes required,
  • The ability to interact with people at all levels in the organisation,
  • The ability to compile a business proposal inclusive of the business case and financial model and motivation for the pursuance of the business venture,
  • The ability to restructure debt to ensure maximum benefit to all stakeholders involved,
  • Innovation and idea generation,
  • Problem solving skills,
  • Ability to think strategically and “out of the box”,
  • Highly motivated and confident individual,
  • Proven ability to multitask and ensure effective delivery of the priorities to meet targets and objectives and able to work effectively under pressure.

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