Associate-Development Debt at IDC

Qualification and Experience

• 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

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, drawdowns 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 will be an advantage.
• Knowledge and/or understanding of BP strategic diagnostics would be an advantage
• Knowledge and experience on how to help BP’s execute value levers

Roles and Responsibilities

• Post investment and portfolio monitoring and management of allocated portfolio, some of which may be complex, technical and/or high value Business Partners.
• Ensure proper handover of Business Partners from the respective SBU is completed and all key priority and risk areas are discussed during the handover meetings.
• Periodically conduct SPPI (e.g. loans) impairment reviews and timeously prepare Business Partner credit quality assessment reports 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 regular client visits occur and a diagnostic analysis is conducted to identify areas requiring improvement and specialized assistance and intervention.
• Schedule performance monitoring feedback sessions with investee companies on a regular basis. Ensure that monitoring and counselling services are provided on Value Creation levers in accordance with the Value Creation Plans and that Business Partners meet the contractual and underwriting obligations.
• Conduct client visits and regular Business Partner reviews, which include undertaking reviews, application funds reviews where applicable and AFS analysis, covenant reviews and assigning of risk rating 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 timeously and adequately executed.
• To ensure that all exit processes i.e. early settlement, IRR and other calculations and release of security on the 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 the 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 cashflow collection, where relevant while at the same time ensuring 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.
• Prepare portfolio reports as and when required on the portfolio under management and present to all relevant portfolio risk management committees.
• Prepare and present credit submissions (amendments, condonations, restructurings etc.) to the relevant credit committees.

Job Requirements

TECHNICAL COMPETENCIES

• Portfolio Management
• Customer Insight & Focus
• Formulation of Strategies & Concepts
• Stakeholder Management
• Financial modelling
• Business/Commercial Acumen
• Report writing skills
• Value Creation Planning
• Problem Solving
• Analytical & Diagnostic Skills
• Project Management Skills
• Consulting Skills
• Report writing skills