Associate Fund Principal: Workout & Restructuring at Public Investment Corporation

Requirements:
Minimum Qualifications and Experience: 

• B.Com (Honours) in Finance or B.Sc (Honours) in Finance or any other related commerce and finance degree 
• A minimum of 8 - 10 years of experience in commercial/corporate turnarounds and rehabilitation in an asset management / private equity organisation or a financial institution, or a consulting firm 
• 4-5 years of management experience 
• FAIS RE 05 Certificate (or obtained within 3 months of employment)  

Preferred Qualifications:

• Post Graduate Degree (finance, engineering, legal) or any other relevant commerce and engineering degree 
• CA (SA), CFA or Master’s degree would be an advantage  

Key Technical/Core Skills Requirement: 

• A well-developed knowledge of business, management and finance philosophies, practices, etc. 
• Turnaround management/ Business Rescue experience and/or qualification. 
• Able to use technical and business understanding to assist with the rehabilitation of non-performing assets. 
• Able to apply a wide range of financial and risk assessment and mitigation techniques to the client’s business operations. 
• Able to develop innovative solutions, identify new areas of opportunity, and identify, analyse and address the appropriate risks to rehabilitate the client.
• Able to utilise complex influencing strategies for leverage. 
• Strong business acumen and strategic advisory experience. 
• Dealing with private sector / commercial workouts turnarounds – real examples will need to be provided. 
• Extensive experience in the legal process associated with turnarounds /workouts, business rescue and liquidations. 

Duties:

• Develop and implement turnaround and monitoring plans for all assets that are placed in the Turnaround Portfolio, which are allocated to you in Consultation with the Fund Principal. 
• Develop and keep updated the skills matrix of the Turnaround Panel Members to enable timeous and effective procurement. 
• Assist in maximising the value of assets under management through proactive intervention and value addition in portfolio companies. 
• Assist in the restructuring of investments that are experiencing financial difficulties to ensure long-term financial viability. 
• Monitor all investments under turnaround in your portfolio on a bi-monthly (every second week) basis (compliance and performance) in accordance with monitoring processes, policies, guidelines, frameworks and practices. 
• Prepare and present reports to Committees as indicated by the FP and to the various client committees. 
• Ensure that key risk factors, that were not previously identified by PMV, are proctively identified and managed, including drafting lessons learnt and submitting to FP for inclusion in the Investment Process and for sharing with relevant PIC teams with a view to improving investment performance. 
• Conduct portfolio company visits and maintain ongoing interactions with the portfolio companies. 
• Supervise and mentor a team of internal resources and or specialist consultants in a private equity environment. 
• Manage and monitor performance of external service providers, including liquidators and business rescue practitioners, to ensure that they deliver in terms of the agreed mandate on a timeous and cost-effective basis. 
• Preparing submissions to nominate liquidators and business rescue practitioners to the Master to further our transformation objectives in the industry.