Fresh Openings at Southern African Venture Capital & Private Equity Association (SAVCA)

The main focus of this role is to partner with the business in ensuring that all financial reporting is delivered accurately, on time, and in accordance with company requirements and accounting standards. This position provides exposure to the full accounting spectrum including tax and treasury. The secondary focus is to lead and direct a small team to ensure submissions and reporting are met on time, and accurately.

Responsibilities

• Plan, organise and execute financial tasks and projects
• Manage the CFM finance team members
• Manage audit engagement to meet reporting obligations
• Prepare budgets and forecasts
• Manage treasury
• Manage direct and indirect tax reporting
• Implement processes for new accounting standards

Qualifications & Experience

• CA(SA) qualification or similar
• Proficient in MS Office suite (Word, Advanced Excel, PowerPoint and Outlook) and Adobe PDF
• Strong knowledge of complex accounting standards
• Analytical thinker with strong conceptual and problem-solving skills
• Attention to detail with superb organisational skills
• Ability to work under pressure and meet tight deadlines
• Ability to work independently and as part of a team
• People management experience
• Excellent report-writing and communication skills
• Solid proficiency in Microsoft Office, and other financial software
• Experience within a financial services industry is a distinct advantage

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Infra Impact Investment Managers is seeking to appoint an experienced unlisted investment analyst/ senior analyst with ambitions to develop into an investment principal role over the next two to three years.

Responsibilities

1. Stay abreast of industry and / or sector developments
2. Assist members of the Investment team in the analysis and evaluation of transactions, including financial modelling, due diligence, writing reports/submissions to Investment Committee, reviewing reports to Investment Committee, post-investment monitoring activities, etc.
3. Lead the negotiation with Target companies on transactions.
4. Together with the Investments teams, help monitor the Investment Strategy target sectors, the participants, sponsors with a view to tracking current and future investment opportunities and understanding market risk profile.
5. Provide analysis as required of the above markets to support Investment Committee papers and external presentations.
6. Prepare and / or review complex financial models and perform detailed financial analysis.
7. Perform financial valuation: discounted cash flow, multiples-based and other relevant financial analyses.
8. Review of legal agreements (Transaction Documents) for all new deals.
9. Prepare and maintain power point slides for internal and external presentations.
10. Prepare and present at Investment Committee meetings.
11. Sourcing/securing potential investment opportunities aligned with the Fund’s investment objectives and help maintain a healthy pipeline.
12. Track market developments/press coverage and provide regular summary reports.
13. Develop and maintain relationships with sector bodies, government departments / agencies as necessary to secure high quality, timely information.
14. Reporting: operational and business reporting / financial performance monitoring; preparation of key management information/ performance indicators
15. Assisting with ad hoc duties as required by or assigned by Management.

PORTFOLIO MANAGEMENT FUNCTION

Responsibilities

1. Monitor key investment performance data from existing investments in the sectors.
2. Information management: ensuring all key information from investees are obtained, and properly maintained (e.g., management accounts, finance reports and operational reports, board materials, budgets, business plans);
3. Reporting: operational and business reporting / financial performance monitoring; preparation of key management information / performance indicators
4. Reporting: Portfolio Impact and Environmental, Social and Governance aspects
5. Financial and risk analysis of individual investments and portfolio’s valuation, returns and cash yield, analysis of performance against investment case and budget, tracking of key risks
6. Engaging with the Fund’s independent valuation agent, administrators and auditors
7. Assisting in liquidity management (short-term cash flow modelling and management) and transaction documentation compliance (incl. on fees / costs / expenses);
8. Engage and work effectively with the external technical/legal/financial and other advisors, maintain databases of facilities, projects and pricing trends relating to the sectors.
9. Investor engagement and handling specific investor reporting requirements and requests
10. Effectively represent the Fund’s interests in investee companies.
11. Assist in the portfolio exposure monitoring
12. Ensure that all investments’ legal compliance must be in order and escalate non-compliance
13. Record all securities required as per legal agreements and registered by the Fund (securities register). Safeguard original documents if required.
14. Record (new) signed or notarised copies of legal agreements of transactions. i.e. ensure that what should be there is there.
15. Follow-up on investees with the registration of notarial bonds and other security requirements (ensure completion of process).
16. Maintain an Investment Calendar to track and alert of significant investee events (e.g. board meetings, loan payments, undertakings etc.)
17. General operational and administrative support as and when required.

Key Required Experience

Proven track record of leading transactions in the unlisted/private markets sector including:

1. Assessing opportunities for investment fit
2. Leading or playing a key role in the DD process
3. Managing external service providers such as legal and technical advisors
4. Negotiating key investment terms and translating these into agreements
5. Preparing reports and leading Investment Committees through the merits and risks identified in transactions
6. Financial modelling experience
7. A blend of equity and credit experience preferred with exposure to infrastructure investments and/ or private equity transactions

Key Attributes

1. Leadership skills; maturity
2. Strong qualitative and quantitative valuation/analytical/financial skills.
3. Strong interpersonal and teamwork skills.
4. Excellent verbal and written communication skills.
5. A self-motivated, committed work ethic and a drive for excellence as well as keen attention to detail.
6. Strong data management and research skills.
7. Ability to perform under deadline pressures.
8. Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolutions.
9. Advanced knowledge of MS Excel, Word and PowerPoint.

The unlisted investment team consists of a core team responsible for originating and executing investments, as well as ongoing commercial management of the assets.

Closing Date: 4th, June 2022

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Responsibilities

1. Working collaboratively with team members to support the implementation and commitment to ESG integration in investment processes in unlisted investments.
2. Ensure the ESG principles, plans and issues are adopted in the investment decision-making process and enforce compliance in line with the approved ESG governance framework.
3. Apply screening tools to select investment opportunities.
4. Assess companies from an impact perspective.
5. Analyse and measure factors in business models, products and services that enable long term environmental and social impact returns.
6. Formulate comprehensive ESG impact investment cases, reflecting both the financial and impact aspects of any recommendation.
7. Conduct engagements with companies on ESG issues
8. Conduct ESG due diligence to select investment opportunities and portfolio investee companies.
9. Ensure the implementation of ESG Action Plans.
10. Conduct periodic impact analysis.
11. Conduct and support ESG research.
12. Producing thought leadership research exploring the business and macro-economic case for ESG analysis and integration
13. Design user-friendly matrices for management of ESG Data
14. Innovative ESG reporting methodologies
15. Report on ESG performance, plans and issues as required by business and stakeholders
16. Provide in depth and creative analysis of ESG and global mega trends impact themes, evaluate its market potential, and define metrics that can be used to measure and report on the impact on environment/society (contribution to the UN SDGs).
17. Monitor investee compliance in terms of ESG legal and regulatory compliance.
18. Escalate non-compliance, as appropriate, to remedy with investee management.
19. Create and maintain an electronic undertakings checklist per individual investee and a consolidated portfolio view.
20. Perform undertakings compliance reviews for active investments.
21. Complete and maintain a detailed consolidated Investee ESG Compliance Report on all compliance findings, ranking non- compliance by risk category.
22. Create and maintain a historical (electronic) compliance history per investee.
23. On an annual basis, ensure investee securities are in place and enforceable.
24. Assist with the preparation and presentation of reporting requirements.

Educational Qualifications

1. B Degree in Business, Finance, Social, Environmental Sciences, Engineering, Developmental studies, Economics and any other relevant degree.
2. Preferred Qualifications: Post Graduate Degree in Environmental Health and Safety, Corporate Governance, and Human Resources, MBA, CFA.

Key Required Experience

1. Extensive knowledge of and passion for financial markets.
2. At least 2 to 4 years of working experience in private equity and/or infrastructure investing.
3. Expertise in impact investing and /or ESG.
4. ESG due diligence knowledge/experience.
5. Understanding of Impact measurement and management and the IFC Performance Standards.
6. ESG Post Investment monitoring knowledge/experience.
7. Working knowledge of BBBEE issues.
8. Understanding of the Investment management industry.
9. Understanding of Environmental and/or social legislative frameworks.
10. Research and Quantitative Data management Experience.
11. Understanding of Corporate Governance principles including King IV.
12. Knowledge of the standard financial valuation tools.
13. Transaction Project management experience.

Key Attributes:

1. A passion for impact investing and ESG
2. Excellent communication (oral and written) and presentation skills in English
3. Interpersonal skills
4. Independent Planning and organising
5. Attention to detail
6. Strong research and analytical skills
7. Ability to deal with stress/pressure
8. Creativity, flexibility and proactivity, and enjoy cooperation with the team
9. High degree of self-reliance, independent working style and sense of responsibility
10. Entrepreneurial and business-oriented mind-set, and the ability to process information in a comprehensive and conclusive manner

Closing Date: 30th, May 2022

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The primary focus of the position is work closely with the Chief Financial and Risk Officer to create a sustainable risk management culture within the organisation that strengthens the lines of defense.

Responsibilities

Control self-assessment (“CSA”) administration

• Engaging with internal teams in a professional and collaborative manner to identify, manage, measure and report risks and controls
• Ensuring all action plans based on the CSA’s are attended to timeously and agreed action plan timelines
• Continual review and development of the risk mitigating controls and procedures

Incident reporting management

• Ensuring the incident management process is followed per incident
• Ensuring all action plans items are met in agreed timelines

Risk reporting preparation

• Prepare the risk reports; such as, report distribution to depositary, regulatory, governance, and so on.
• Prepare risk report for the Audit, Risk & Compliance Committee

Depositary management

• Ensure timely submission to depositary, by gathering information from operating units

Risk software

• Manage relationship with the software solution provider and ensure delivery of approved projects

Qualifications and Experience

• Business Science, or, BCom Hons with specialisation in accounting or investment management, preferred
• Additional qualifications such as CFA and/or Financial Risk Management, an advantage
• Graduate with some relevant work experience
• Self-starter
• Excellent communication skills, both written and verbal
• Understanding of risk monitoring and management in Private Equity Funds and Manager
• Microsoft Excel proficiency, and an ability to interrogate and sort data is essential
• Strong communications skills to engage at all levels and develop internal and external business relationships
• Problem solving
• Quickly understand business issues and data challenges in order to develop solutions
• Detail oriented, and able to identify shortcomings in processes and procedures
• Ability to work well under pressure and ongoing re-prioritising of multiple tasks, with proven planning and organisation skills
• High personal drive, resilient and possessing an uncompromising ethical standard
• Accuracy and attention to detail
• An ability to work within a team as well as independently
• Good knowledge of MS Office suite

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Responsibilities

Qualifications and Experience

Governance Board and sub-committee management

• Manage the appointment, resignation and removal of Directors and sub-committee Members.
• Prepare and file specific resolutions, ordinary resolutions, and Directors’ (round robin) resolutions
• Schedule meetings of the Governance Board and sub-committee, including preparing the agenda, meeting material and minutes
• Update Charters as required
• Maintain governance registers
• Corporate Secretarial support
• Execute and maintain all required official corporate filings according to applicable laws and regulations.
• Draft resolutions, notices, proxy forms and agendas for meetings;
• Maintain minute books (including record of resolutions etc);
• Maintain all statutory registers and check quorum at meetings;
• AML/KYC support
• Maintain KYC information for each CFM entity
• Prepare responses to AML/KYC requests on CFM entities
• Assist the KYC team with CFM KYC process
• Implement processes or systems to ensure good corporate governance and ongoing compliance with legislation.
• Creating new legal entities in Netherlands incl.
• Arranging approval of deed of Incorporation, resolutions
• Liaising with bank to open bank accounts
• Liaising with tax advisor to ensure VAT and other Tax registrations
• A relevant degree, such as:  BCom Hons, Business Science, LLB
• A minimum of 5 years work experience in the financial services industry with exposure to a compliance environment
• High degree of competence, with excellent verbal and written communication skills
• Conveys information clearly and concisely, demonstrates active listening
• Ability to plan and prioritise effectively

Strong interpersonal skills

• Highest integrity
• Attention to detail
• Highest integrity
• Attention to detail

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About the job
The SAVCA CEO provides the association with strategic management, leadership and oversight of the operational aspects to ensure SAVCA meets its objectives and is representative of its members and the broader ecosystem within the public domain.

This role requires an individual who understands the importance of prioritising the profiling of SAVCA and the industry above self-promotion, who can build trusting relationships, is able to creatively solve problems, is a good leader who is humble enough to get their hands dirty and understands how to balance immediate needs with long term goals.

Principal Responsibilities:

Strategy development and execution

• Develop the SAVCA strategy and annual performance measurements (KPIs), with the support of the SAVCA Board.
• Translate the strategy into executional business plans, and lead the SAVCA Executive team to achieve the desired outcomes.
• Monitor progress against the business plans and report quarterly to the Board on progress made.
• Devise corrective actions, where necessary, to discuss with the Board for approval.

Member services

• Establish and maintain positive relationships with SAVCA members.
• Provide support and advice to members where appropriate.
• Oversee the execution of the member value proposition.
• Support the attraction of new members to SAVCA, whilst retaining existing members.

Regulatory advocacy

• With the support of the Head of Regulatory Affairs, ensure developments in legal, regulatory and tax matters are monitored, the position of the industry determined, recommendations submitted and members are informed.
• Advocate to improve the enabling environment for the industry in Southern Africa, especially in relation to regulation, taxation and education on the industry.
• Through participation in different government, industry and other forums, positively influence regulatory and policy aspects.

Marketing and communications

• Facilitate the development and implementation of communications and marketing plans to build and enhance the image of SAVCA and of the industry.
• Build the profile of SAVCA and the industry through media engagements in line with marketing and communication plans.
• Participate in events and forums (formally and informally) to influence the image of SAVCA and of the industry.
• Represent the profession within Africa and internationally.
• Ensure the good image and reputation of SAVCA is maintained.

Relationship building

• Develop and sustain relationships with a range of stakeholders where there is mutual benefit to promote the industry.
• Develop and maintain collaborative relationships with African and other industry bodies/associations that support private market development and promotion.
• With the support from the SAVCA Executive, ensure member/stakeholder queries are dealt with efficiently.
• Determine who SAVCA should partner with, to achieve the association’s objectives and form mutually beneficial partnerships.

Research and publications

• Ensure SAVCA reports are published in line with the association’s policies and standards, within budgets and timelines, and are communicated accordingly to relevant stakeholders.
• Identify new research that will support the strategy and objectives of SAVCA, for the Board’s consideration.
• Where relevant, partner with stakeholders to support or produce research and publications.

Training/Capacity building

• Identify industry training and capacity building needs.
• Offer a training calendar that meet SAVCA and member goals based on the needs identified. This will include the requirements for continuous professional development.
• Ensure all training and capacity building offerings meet SAVCA standards and is an additional source of revenue for SAVCA.
• Develop training offerings that will serve the local investment community and upskill their understanding of private equity and venture capital.

Events

• Offer a series of events that will create meaningful networking opportunities for SAVCA members and industry stakeholders. This may include, amongst others, the annual private equity and venture capital conferences, research report launches, member meetings, etc.
• Ensure all events meet SAVCA standards and is aligned with SAVCA’s objectives.

Financial management and governance

• With the support of the Treasurer, develop an annual budget for sign-off by the Board, based on SAVCA’s strategic objectives and operational requirements.
• Monitor SAVCA’s financial position to ensure expenses are controlled within the financial plan/budget and provide quarterly reports to the Board.
• Make appropriate and timely decisions related to the financial sustainability of SAVCA.
• Ensure SAVCA meets all legislative/accounting requirements which includes financial reporting, annual audit, adherence to the MOI, etc.
• Ensure the Board has all the information necessary to properly exercise its responsibilities.

Operational and team management

• With the support of the Head of Operations, develop and implement relevant policies and procedures, and identify opportunities for efficiencies.
• Support the sub-committees of the Board and other advisory committees of the association to ensure objectives are met.
• Oversee operations of SAVCA, with the support from the SAVCA Executive team.
• Manage individual and team performance of the SAVCA Executive team to ensure set objectives are achieved.
• Set the tone for a high-performance culture and offer team members development opportunities.
• Ensure that SAVCA is optimally resourced (staff complement and infrastructure), with adequate contingency plans in place.

Education and Experience:

• Graduate degree in Business, Finance or related.
• Minimum of 10 years Senior Management experience.
• A good understanding of private equity and venture capital, or the savings and investment industry in Southern Africa is preferred.
• Strong interest in developing the venture capital and private equity sector.
• Ability to lead and manage a diverse team.
• Effective organisational skills, with the ability to prioritise and multi-task.
• Strong marketing, presentational and public speaking skills.
• Strong project management and relationship building skills.
• Ability to manage and prioritise different stakeholders.
• Integrity, autonomy, self-confidence, and energy.
• Flexibility to travel locally and internationally, when required.
• Ability to work in a challenging environment.
• Advanced knowledge of MS Office Suite and virtual communication tools.
• Comfortable with reporting to the Chair and the Board.

Applications closes: 20th, May 2022.