Current Jobs at IDC

Qualification and Experience

Qualifications:

• BCom Accounting or BEng / BSc with exposure to finance
• Post-graduate degree or qualification will be an added advantage

Knowledge and Experience:

• The candidate should at least have 5-8 years of relevant experience in post investment monitoring or portfolio management.
• 5 years’ experience in a private equity environment will be an added advantage.
• Experience working in Portfolio Management environment for a commercial bank
• Experience working in a high-level collaborative environment
• Ability to manage multiple competing priorities while building effective relationships
• Thorough understanding of developing Value Creation activities
• Extremely organized and persistent, with drive and determination to achieve goals
• Experience in due diligence, drawdowns and exit process of investments is essential
• Financial modelling essential
• Prior experience in the Agro or Manufacturing sectors will be an added advantage.

Roles and Responsibilities

• Post investment and portfolio monitoring and management of allocated portfolio of complex and technical business partners.
• Working closely with business partners in identify areas for growth and value creation crafting and monitoring the implementation of the value creation plans of the investee companies
• Conduct regular business partner reviews including client visits and assigning of risk rating, and risk staging to business partners
• Periodically conduct fair values of equity investments and impairment reviews in accordance with the approved IDC guidelines and policies on allocated portfolio of complex, technical and high value business partners.
• In collaboration with the business partner management team, define KPI’s and design dashboards to collect data for progress monitoring of such KPI’s.
• Frequent collection of data for monitoring of VC Plans and reformulating the strategic initiatives if / when required.
• Build sound relationships with business partner management teams through regular visits to business partners.
• Ensure value creation plans are crafted to generate revenue growth and contain and manage costs in order to improve EBIT.
• Proactively identify early warning signals and initiate appropriate intervention processes where necessary, exercising step-in rights early to limit potential losses.
• Provide non-financial value add to business partners through access to connections and resources, providing market insights and proprietary insights required to assist the Business Partner to grow – opportunity to utilize the services of Capability Sourcing in such instances.
• Monitor strategic initiative through data insights, dashboards and reports to identify deviations from agreed plans and take appropriate action.
• Collaborate with Business Units to obtain expert insights relative to specific Business Partner sectors.
• To ensure maximizing of the IDC value and limiting losses by being considerate of eventual exiting of investments where relevant
• Assisting with IDC cashflow management (including input of timeous collections encompassing accurate forecasting of collections measured against actual performance);
• Implement and manage a process for forecasting Business Partner dividend payments and future projections and variants on dividend income to determine contribution to IDC funding.
• Obtain/Research and analyze market, industry and financial reviews to gain insights and trends to identify growth opportunities and areas of concern.
• Ensure that all necessary amendments to contracts during the life span of the business partner are adequately executed.
• Monitor and timeously report on undrawn facilities on the allocated portfolio of business partners.
• Ensure that all exits processes i.e. early settlement, IRR and other calculations and release of security on allocated portfolio of business partners are properly executed.
• Promptly monitor all payments due to IDC including interest, capital, dividends, fees etc. on allocated portfolio of business partners.
• Analyze financial information from allocated business partners on a regular basis and assess the need for initiating intervention based on the analysis

Roles and Responsibilities (cont.)

• Work closely with the management teams of the investee companies to ensure that the business partners under management are profitable.
• Monitor and evaluate that proper governance structures exist and are being applied
• Work collaboratively with members of the IDC teams to ensure that the investee companies under management achieve their stated targets and forecasts.
• Prepare portfolio reports as and when required on the portfolios under management
• Working closely with Senior Associates and Manager obtaining guidance and technical insights
• Collaborate with Business Units to obtain insights to sector specialties and provide service where required.

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Qualification and Experience

Qualifications

• Bachelor’s degree in finance /accounting or equivalent CA(SA) - Mandatory

Experience:

• 10 Years’ experience in finance or finance operations related roles.
• 5 - 8 Years’ experience in performing Group Consolidations function of a large company.
• Experience in a managerial position (preferable).
• Experience in accounting for complex consolidations in a multinational environment.
• Industry experience from financial services/Lending/Banking would be advantageous.
• Good understanding of the functioning of the SAP system and consolidation systems.
• Strong IFRS 10 and IAS 28 experience required.
• Understanding of financial analysis and the ability to prepare management reports.
• Sound financial Excel Modelling Skills, Microsoft Office inclusive of Word and PowerPoint
• Proficient in Microsoft Excel and Word.

Roles and Responsibilities

• Review and guide the group financial reporting processes.
• Design and implement group wide reporting controls and templates required for the execution of financial consolidation.
• Preparation of the group consolidation in compliance with the group reporting policies, procedures, and templates.
• Continuously provide input into the improvement of the group reporting policies, procedures, templates and the efficiency of the consolidation preparation processes.
• Perform the group consolidation for monthly, quarterly, and annual financial performance.
• Process the relevant approved year-end adjustments key to the consolidation performance.
• Manage the overall process for the preparation and consolidation of monthly, quarterly, and annual financial results.
• In liaison with Client Support and Growth (CSG), identify and maintain a record of investments that meet the requirements of consolidation.
• Implement controls to ensure that the list of investments to be consolidated is complete at any point in time on the consolidation platform.
• Monthly review and reconciliation of ZPR (SAP client depository) to ensure alignment of the investments list across the various business areas, i.e., completeness and accuracy to the trial balance.
• In liaison with Technical Finance, ensure the accuracy of the classification and measurement of the investments.
• Responsibility for the development and update of intercompany policies and procedures.
• Define and identify the nature of intercompany transactions and account types specific to the IDC reporting environment for intercompany transaction elimination purposes.
• Ensure the group consolidation process is in compliance with IFRS requirements.
• Keep abreast of latest developments in IFRS and integrate these into group accounting policies and procedures.
• Prepare monthly, quarterly, and annual internal consolidation financial reports to key IDC committees.
• Participate, provide input and support in the audit preparation process and during the performance of the external audit.
• Support the financial reporting team with the preparation of any internal financial reports, as applicable.
• Contribute to the preparation of external financial reports to external stakeholders.
• Assist with ad-hoc Financial Management department initiatives and projects.
• Create and maintain a good relationship with internal and external stakeholders.
• Provide coaching and training to the financial reporting team as and when necessary.
• Support and drive Innovation of the IDC group consolidation process.
• Participation in key meetings as per nomination.

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Qualification and Experience

Qualification

• Minimum qualification: relevant commercial or technical Honours Degree or equivalent qualification.
• MBA or Master’s would be an advantage.

Knowledge & Skills

• 8-10 years’ industry experience, including strategy development & implementation

Sound knowledge and practical understanding of: -

• global industries and value chains
• global markets
• technology landscape
• regulatory landscape and alternative frameworks
• economic policy
• future trends (local and global)
• emerging industries
• Good networks within industry in both private and public space
• Experience in coaching and mentoring of team members

Roles and Responsibilities

Internal /Operational Processes

• Lead the formulation of industry road maps and identify short term (immediate), medium term (emerging) and long term (imagined) priorities
• Together with SBUs or Projects develop clear, tangible implementation plans for sector development following consultation with relevant internal and external stakeholders.
• Compile analytical frameworks for sectors
• Provide future industry insights to SBU and Projects Head to influence the SBU’s short-medium term industry development strategies
• Monitor / review actual vs anticipated developmental trajectory of industries and subsectors and take corrective measures (revision of strategies / focus areas / action plans) as required.
• Lead or participate in industry development Steering Committees / Forums to inform industry development initiatives
• Ongoing engagement with Ops and Support Units to ensure that industry development strategies are optimally executed and updated / refined where strategies prove to not yield the desired   
• Identification and management of risks relating to industry development strategies
• Provide value-adding input and guidance to the Client Support & Growth teams and to the SBUs to ensure that investee companies are contributing to overall industry development goals
• Participate in ad hoc and unscheduled strategic interventions required to address challenges / priorities in the sector or the IDC

Customer Focus & Stakeholder Management

Actively engage relevant industry stakeholders and participate and represent the IDC in industry forums (internal and external) to :

• influence the goals, objectives, activities and initiatives of such forums (and participating parties) to ensure that the IDC’s ultimate industry development goals are achieved
• learn from industry stakeholders / parties participating in industry
• create a conducive environment for the development / growth of industries and/or their subsectors
• Clearly articulate and communicate the industry / sector-specific strategies within the IDC and the larger external stakeholder group, eg through publication of articles, speeches at conferences, social media presence;
• Ensure service excellence.

Learning, Leadership & People Growth

• Contribute towards the development of competencies and knowledge of industries within the organisation.
• Coaching and Mentoring of peers
• Keep up to date with latest industry developments (conferences, sector forums, literature reviews and internal IDC engagement)
• Participate and lead knowledge sharing in the team and cross functional

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Qualification and Experience

Qualifications:

• The incumbent must have commercial qualifications e.g., BCom with post graduate degree: MBA / MBL/CFA

Knowledge and Experience:

• At least 5-7 years’ experience in a Restructuring environment - businesses experiencing distress.
• Exposure to business rescue matters.
• Exposure to legal agreements or litigation for purpose of recoveries.
• Exposure to various collaterals.
• Exposure to credit committees in financial institutions, Preferably DFI’s.

Roles and Responsibilities

• Review and consider settlement/restructuring proposals from clients and formulate the most efficient and suitable restructuring and repayment arrangements for the client in distress.
• Support the other team members in negotiating settlement/restructuring proposals with clients.
• Prepare reports to relevant committees on the reasonability and feasibility of settlement or restructuring proposals of IDC client’s facilities which are in arrears.
• Carry out Business reviews and conduct site visits.
• Ensure that IDC’s collateral is maintained or improved for purposes of maximizing IDC’s recovery,
• Play a credit risk support role to other team members in providing financial advice or analysis of client’s financial statement or management accounts in submission reports to committees.
• Review legal agreements from a financial and credit risk perspective.
• Manage and monitor clients in distress.