Investment Associate at National Empowerment Fund

Job description

Pre-Screening

• Source deals aligned with mandate of employer
• Network with industry bodies
• Attend conferences, i.e. Keep up breast 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

• Conduct equity valuation discussions and negotiations with the prospective applicants
• Conduct due diligence investigations on applications that satisfy the pre-screening assessments
• Develop a financial model of the due diligence outcomes
• 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
• Overseer 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 the teams to meet with their SLA
• Ensure that tender process 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 milestone is achieved.
• Proactively engage other funders for capital raising efforts for projects under development
• Conduct post investment valuations of equity investments of NEF
• 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

Experience / Skills Required

• 3-5yrs Business Analysis or Management Consulting experience or
• 3-5yrs Project Management experience in a Financial/Investment Transacting environment
• Business and Financial Acumen (includes ability to identify and manage risk)

Qualification Requirements

• Engineering Degree with Finance Qualification
• CFA, CA (SA)
• All requisite industry bodies affiliations