apply now ASSOCIATE: DEVELOPMENT DEBT – (50010802)

ASSOCIATE: DEVELOPMENT DEBT – (50010802)

ASSOCIATE: DEVELOPMENT DEBT – (50010802)

  • Closing Date of Advert: 18/10/2021
  • Job Title: Associate: Development Debt
  • Organizational Unit: Industrial Development Corporation Ltd -> Client Support and Growth -> Development Debt
  • Job Type: Full-time
  • Category: Client Management
  • Education Level: Honours Degree
  • Location: GP ZA (Primary)

Job Description

A permanent position exists at our Head office in Sandton for  Associate: Development Debt within the Development Debt Department reporting to the Manager: Development Debt Large

JOB PURPOSE

To ensure the correct and timeous implementation of approved transactions and the management of business partners with the view of enhancing portfolio management by focusing on support, value add and growth and optimizing cash flow collection, where relevant and protection of IDC’s interests.

MAIN DUTIES AND RESPONSIBILITIES 

The main duties of this role will include, but will not be limited to: –
• Allocation of business partners portfolios to manage, some of which may be complex, technical and/or high value business partners.
• Periodically conduct SPPI (e.g. loans) impairment reviews in accordance with the approved IDC guidelines and policies on allocated portfolio business partners.
• Identify Business Partners, where performance is not at the required level and develop a framework to ensure personal visits occur and diagnostics are conducted to identify areas requiring improvement and specialized assistance.
• Ensure that monitoring and counselling services are provided on Value Creation levers in accordance with the value creation levers in accordance with the Value Creation Plans and that Business Partners meet the contractual and underwriting obligations.
• Conduct regular reviews including client visits and assigning risk ratings to business partners.
• Proactively identify early warning signals and initiate appropriate intervention processes where necessary.
• To ensure that all necessary amendments to contracts during the life span of the business partner are adequately executed.
• To ensure that all exit processes i.e. early settlement, IRR and other calculations and release of security on an allocated portfolio of business partners are properly executed.
• To promptly monitor and follow-up all payments due to IDC including interest, capital, dividends, fees etc. on an allocated portfolio of business partners.
• To focus on collection inflows from business partners and monitoring forecasts against actual performance.
• To analyse financial information from allocated business partners on a regular basis and assess the need for initiating intervention based on the analysis.
• To ensure maximising of IDC value and limiting losses by being considerate of eventual exiting of investments where relevant.
• To focus on enhanced portfolio management and by focusing on value add and growth of IDC’s clients and optimised cash flow collection, were relevant while at the same time ensuring the protection of IDC’s interests.
• To assist in refining and adopting the evolving debt as set out.
• From time to time to be involved in department and organisation wide initiatives linked to the department’s function.

Job Requirements

KNOWLEDGE AND EXPERIENCE

• The candidate should have at least 5-8 years of relevant experience in post investment monitoring / portfolio management or evidencing experience in managing key aspects of business partner relationships by considering risks, mitigants and protecting financial interests.
• Experience and knowledge in the portfolio management, restructurings, Due Diligence, draw downs processes.
• Accounting / relevant IFRS9, financial modelling and analysis experience will be an added advantageous.
• Experience in assessing the economic viability of businesses and/or projects
• Sound experience in a financial environment is essential
• Skills in respect of the analysis and interpretation of financial statements
• Sound knowledge of business and the diversity of risks that may affect businesses
• Good understanding of different types of security
• Understanding of Economic trends would be an advantage
• Project management experience.
• Knowledge and/or understanding of BP strategic diagnostics would be an advantage
• Sound experience in a financial environment is essential
• Good understanding of different types of security
• Project management experience.
• Knowledge and experience on how to help BP’s execute value levers

TECHNICAL COMPETENCIES

1 Portfolio Management
2 Customer Insight & Focus
3 Formulation of Strategies & Concepts
4 Stakeholder Management
5 Financial modelling
6 Business/Commercial Acumen
7 Report writing skills
8 Value Creation Planning
9 Problem Solving
10 Analytical & Diagnostic Skills
11 Project Management Skills
12 Consulting Skills
13 Report writing skills

BEHAVIOURAL COMPETENCIES

1 Negotiating & Influencing
2 Credible Activist
3 Deciding and Initiating.
4 Planning & Organizing
5 Coaching and mentoring
6 Presentation and communication skills
7 Negotiating & Influencing
8 Coping with Pressures and Setbacks

QUALIFICATIONS

• BCom Accounting with post graduate degree e.g. BCompt (Honours) or BSC engineering or similar 4-year undergraduate qualification with finance experience.
• CA (SA) would be an advantage

****Requirement: As our entity (IDC) Provides financing & funding, the need to ensure trust, honesty and integrity in all financial & non-financial activities must be above reproach

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