Investment Principal at National Empowerment Fund

Job description

Turnarounds

• Oversee the development of operational turnaround strategies for investees;
• Provide strategic guidance to the TWR Investment Associates in formulating solutions;
• Oversee the implementation of the formulated turnaround plan in the business;
• Introduce investors or strategic partners to the business;
• Provide access to new markets from networks;
• Ensure quality of output.

Business Rescue

• Oversee business rescue proceedings where applicable to investees;
• Provide expert advice on formulation of the business rescue plan;
• Perform role of Chief Restructuring Officer in the business if required;
• Advise on the acceptance or rejection of the business rescue plan;
• Monitor or be engaged in the implementation of the Business Rescue Plan;
• Ensure that the NEF’s position is protected in the business rescue process.

Debt Restructuring

• Oversee the restructuring of 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 to reduce impairments and/or write-offs;
• Review and monitor the business financial performance;
• Review and monitor collection;
• Interface with other stakeholders for decision making;
• Manage non-performing loans until the investee has been stabilized or until the client has been handed over to Legal.

Workouts

• Oversee workouts with regards to transactions where no turnaround is possible;
• Devise workout solutions in the best interests of the NEF;
• Monitor collection in line with the workout approval.

Investment Reporting

• Development and continuous improvement of reporting templates;
• Review committee submissions and presentations to ensure good quality;
• Prepare committee papers where required on TWR matters for consideration.

Minimum requirements

Experience / Skills Required

• Minimum of 8 years’ experience in deal making environment;
• Minimum of 3 years people management experience;
• Strong Due Diligence analysis and exposure;
• Solid Financial Modelling skills;
• In-depth Business Turnarounds and Restructures experience.

Qualification Requirements

• B. Com Hons Degree with specialization in Accounting and/or Business Finance;
• CA (SA) or MBA an advantage.