Investment Associate (TWR)
Listing reference: nef_000118
Listing status: Under Review
Apply by: 23 April 2025
Position summary
Industry: Financial Services
Job category: Banking, Finance, Insurance. Stockbroking
Location: Sandton
Contract: Fixed Term Contract
Remuneration: Market Related
EE position: Yes
Introduction
To support provide competitive and innovative solutions to rehabilitate businesses in distress and protect the interests of the NEF’s investment. This position is for a 06-months fixed-term contract.
Job description
1. 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
2. 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
3. Business Rescue
- Attend to all business rescue proceedings and advice on the acceptance of the business rescue
- Monitor the implementation of the Business Rescue Plan
4. 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.
5. Reporting
- Prepare a restructuring proposal
- Present the proposal to relevant credit committee's for approval
6. Monitor the restructured portfolio
- Manage/ monitor the non-performing loans until these loans have been rehabilitated or until the nonperforming loans have been transferred to Legal.
Minimum requirements
Qualification Requirements
- CA (SA) or BCom Accounting with postgraduate degree e.g. BCompt (Honours) or a relevant 4 year financial tertia education or equivalent.
Experience / Skills Required
Experience
- 3 to 5 years' experience in corporate restructurings and turnarounds
- Credit experience is essential, including corporate restructurings and financial analysis.
Skills
- Independent Business Review
- Short term cash flow reviews
- Financial Restructuring
- Financial analysis skills
- Operational turnarounds
- Experience in Business Rescue (Chapter 6 of Companies Act 2008)
- Financial modelling skills;
- Working capital and cash management
- Report writing skills Negotiation skills
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