Investment Associate
Listing reference: nef_000021
Listing status: Closed
Apply by: 19 October 2023
Position summary
Industry: Financial Services
Job category: Banking, Finance, Insurance. Stockbroking
Location: Sandton
Contract: Permanent
Remuneration: Market Related
EE position: Yes
Introduction
The National Empowerment Fund is looking for an Investment Associate who will ensure the fund achieves its investment goals, customer service, business growth and client retention objectives in line with the mandate by sourcing deals and managing the entire process from origination through to disbursement.
Job description
Pre-Screening
• Source deals aligned with mandate of employer,
• Network with industry bodies,
• Attend conferences, i.e. keep abreast with industry developments,
• Address telephonic enquiries and walk ins in support of Pre-Investment,
• Conduct pre-screening analysis for new enquiries and applications as required by Fund Manager,
• Conduct desktop analysis studies to determine viability of early stage projects,
• Meet with prospective clients, provide advisory on NEF products and services,
• Accompany prospective/applicant to strategic meeting(s) to assist to finalise their application,
• Identify in which stage of project is and ensure all requisite information for that project phase is made available.
Application
• Review technical documents and review Engineering outputs from Service Providers
• Project management of milestones of the implementations program of the different projects being led by the appointee
• Conduct equity valuation discussions and negotiations with the prospective applicants,
• Conduct due diligence investigations on applications that satisfy the pre-screening assessments,
• Review financial models of the due diligence outcomes from Service Providers to the steerco,
• Compile a submission report outlining the outcomes of the due diligence,
• Assist legal with project background to enable them to conduct their due diligence,
• Provide input to enable legal to issue a project term sheet,
• Timely engagement of Credit Risk to ensure that the risk report is submitted timeously,
• Inform secretariat to include the application as an Agenda item to the relevant committee meeting,
• Prepare a presentation for the submission and ensure it is circulated to secretariat before the meeting
• Present due diligence output to relevant committees to seek approval for funding.
Post Approval
• Assist clients in satisfying any relevant compliance requirements (FICA) etc.
• Assist clients in satisfying conditions precedent for funding,
• Conduct an induction of Project Promoters of the SPF Governance Framework (i.e. How to conduct business the NEF SPF way),
• Assist in disbursement of funds to meet project development activities,
• Participate in project steering committees,
• Derive suitable project development milestones for the project to tie them to the project promoters or project managers contract,
• Appoint a suitable project manager for the project and recommend to the Fund Manager for consideration of approval,
• Oversee and co-manage the project development process,
• Manage the approved project budget to ensure it is applied to suitably approved project activities and milestones,
• Present the project development progress at the SPF Portfolio Management Committee meetings
• Provide project support to other projects,
• Provide input into Post Investment’s Risk Portfolio Management Committee report,
• Conduct timely disbursement to projects under implementation and manage external service providers to meet their contracted SLA milestones,
• Ensure that tender processes conducted by the project are in alignment with the governance framework and/or NEF procurement policies (whichever is applicable on the project).
• Present the outcome of the project development process when the key milestones are achieved.
• Proactively engage other funders for capital raising efforts for projects under development,
• Proactively engage with relevant strategic stakeholders to ensure significant project progress is achieved.
Non-core
• Participate in external committees as required (e.g. SPII, BIFF etc.),
• Present speeches in representation of the organisation as and when required,
• Proactively engage other NEF support departments before concluding any deal,
• Ensure KPA and statutory requirements on projects in administration are satisfied,
• Lead on at least 3 projects that are active and supports at least 3.
Minimum requirements
Qualifications
• Engineering Degree is essential,
• Post Graduate Commercial (finance, accounting, economics) and/or with Project Management experience or qualification,
• All requisite industry bodies affiliations.
Experience/Skills Required
• 3-5 years Business Analysis or Management Consulting experience or,
• 3-5 years Engineering/Technical Consultancy experience,
• 3-5 years Project Management experience in a Financial/Investment Transacting environment,
• Business and Financial Acumen (includes ability to identify and manage risk).