Job Opportunities at IDC

QUALIFICATIONS:

• A minimum of an Honor’s degree in finance, accounting, economics, business administration, or a related commercial field is essential.
• Non-commercial degrees if combined with extensive credit risk management experience will be considered.
• Candidates with a commercial master’s qualification will have an advantage.

KNOWLEDGE AND EXPERIENCE:

• Seasoned professional, proficient with depth in areas of expertise with direct or indirect experience in the management and leadership of highly professional teams
• 10 to 15 years of credit and investment risk management experience at senior management level
• Have intelligence to navigate through diverse stakeholders’ agendas and the resilience to sustain high performance under continued pressure and adversity
• Knowledge of key business functions (Investments, Accounting, Compliance, Audit Business Turnaround, and Client Monitoring)
• Understanding of best standards, policies and protocols in lending and credit processes and practices
• Understanding of business, strategic planning and budgeting processes.
• Experience in presenting at to senior committees
• Detailed knowledge of the general tools and techniques of structuring, evaluating and managing for debt and equity, including use of appropriate products to mitigate risks.
• Strong understanding of credit risk principles, regulatory requirements, and industry best practices.
• Ability to Identify and interpret risks related to sector, industry and business dynamics and the influence of macroeconomic, market-driven, competitive, and strategic influences on current and future business risks

Roles and Responsibilities

• Oversee the identification, assessment, and mitigation of credit risks across the Corporations’ lending and investment portfolio, encompassing new and existing exposures.
• Provide expertise in the evaluation and recommendation of acceptable risk levels across the lending and investment activities and provide specific leadership and management of the Credit Risk department
• Ensure credit policies and procedures are robust, align with all policies and regulatory requirements, and support the organization’s strategic objectives and ambitions
• Ensure the quality of the credit portfolio is maintained and an appropriate balance is reached between risk, reward and development imperatives across the value chain to foster a culture of prudent risk management
• Regularly review loan book performance indicators to identify concerns from credit decisions and feed these into ongoing decision making
• Ensure necessary controls are in place to address risks encountered during the credit life cycle from origination, evaluation, documentation, account management and collections.
• Contribute in setting the risk appetite levels for the organisation, that include Sector, Business Partner, Country and concentration limits and ensure exceptions are escalated, reviewed and tracked in line with approved standards and policies.
• Track all credit related projects and work with internal and external resources to ensure timely delivery.
• Ensure monthly reports are presented at required forums and committees, and approvals are obtained from the appropriate sanctioning body.
• Play a leading role in coaching, mentoring and developing deportment teams take responsibility in talent management and succession across the Division
• Contribute towards the periodic monitoring and review of credit modelling and pricing tools are that any emergent issues and potential risks are timeously addressed
• Review new Credit products and ensure monitoring and review of existing credit products performance is periodically conducted and any emergent issues and potential risks are addressed.
• Ensure stakeholder satisfaction through prompt service delivery and effective communication, adhering to set Service Level Agreements (SLAs) and Turnaround Time (TAT) standards for credit and investment applications.
• Serve on various committees and provide professional advice; and act as an alternate for the Chief Risk Officer in relevant credit and investment committees, including at Board Investment and Risk Committees and Board.
• Properly interpret relevant requirements emanating from various committees (e.g., Board and EXCO) to formulate responses, policies and frameworks that operationalize these requirements within own scope of activities and provide training for stakeholders and track exceptions to ensure compliance with approved standards
• Provide appropriate internal and external risk reporting (verbal and written) to various stakeholders as relevant
• Ensure there is consistent application of rules, thresholds and parameters in investment decisions, and that these are consistent with internal set limits

Roles and Responsibilities (cont.)

• Provide training on credit and investment risk management issues to relevant stakeholders and periodically review adopted credit certification programs for relevance and depth

Provide effective leadership by guiding the Department in:

• the effective translation of policy, strategy and business plans into operational and strategic execution
• Overseeing, advising and/or assisting in the implementation of Department specific projects and those within the Corporate ambit
• Managing conflict, facilitate constructive working relations and healthy morale amongst the department staff and other stakeholders
• Driving a high-performance culture through the implementation and application of various people management processes, policies and strategies.

go to method of application »

Qualifications

• Law degree and Admission as an Attorney essential
• Master’s degree such as LLM desirable

Knowledge and Experience

• A minimum of 5 years’ post-article experience in in a banking and finance/corporate finance/project finance environment.
• 2-3 years working experience in the banking and finance/SoE/DFI (restructuring, turnaround & business rescue) space is essential.
• Experience in the drafting, review, negotiation and re-negotiation of cross-border, project finance, corporate, commercial, structured and re-structured finance transactions.
• Understanding of the PFMA in particular its application to Schedule 2 SOEs, PFMA Treasury acquisition notifications, competition commission acquisitions notifications, fund management/investment

MAIN DUTIES AND RESPONSIBILITIES

• Provide general legal advice, including legal research
• Structure, restructure, negotiate and re-negotiate corporate and commercial transactions including project finance and cross-border financing transactions
• Identify, evaluate and structure import and export finance transactions
• Ensure compliance with internal legal and other IDC procedures and policies
• Identify and minimize potential legal risks
• Draft, review, negotiate and re-negotiate financing agreements and other legal documentation
• Make presentations and opine on legal and regulatory developments
• Conducting legal due diligence investigations
• Ensure efficiencies aimed at improving client satisfaction by providing efficient legal services
• Developing and maintaining relationships with providers of legal services (including, external legal counsels, business rescue practitioners and other key stakeholders)
• Develop and maintain client and institutional relationships, internally, locally and internationally

go to method of application »

Qualification

•  Minimum National Diploma in Purchasing / Logistics / Supply Chain Management or equivalent with commercial subjects.
• A Bachelor’s degree would be desirable 

Knowledge & Skills

• Minimum 5-8 years procurement experience with at least 2 years dealing with integrated procurement processes to include tender management and contract management functions.
• Preferably 3 years’ experience in practicing Public Procurement Regulation as prescribed by the National Treasury/ PFMA/ PPPFA and B-BBEE.
• SAP experience in the Materials Management module (particularly SAP Materials Management module experience) would be an advantage.
• Computer literacy (Microsoft Office suite: Word/Excel/Power Point/MS Project).

Roles and Responsibilities

•  To facilitate the administration of the integrated procurement process and to conduct commercial evaluations i.e. cost evaluations, commercial evaluations, B-BBEE evaluations and other statutory compliance checks and to ensure follow-through of recommendations to contract management and contract close-out.
• To provide procurement advice to internal clients on procurement strategies to optimally serve business needs
• To assist in the negotiations and finalization of supply and service contracts to achieve cost savings and other commercial targets
• To effectively support B-BBEE imperatives and initiatives
• To assist internal user departments / clients with the development of clear technical specifications and associated cost models
• To provide support to the procurement manager with the implementation of procurement strategies
• To effectively implement procurement policy-, systems- and procedures and to ensure compliance thereto in the execution of procurement duties
• To ensure timely execution of procurement processes and to manage internal client expectations
• To monitor supplier performance based on Service Level Agreements (SLAs)
• To monitor supplier development plans for supplier growth and improved service delivery

go to method of application »

Qualification

• Law degree and Admission as an Attorney essential
• Master’s degree such as LLM desirable

Knowledge & Skills 

• A minimum of five years’ post-article experience in a banking and finance/corporate finance/project finance environment.
• 8-10 years working experience in the banking and finance/SoE/DFI (restructuring, turnaround & business rescue) space is essential 
• Experience in the drafting, review, negotiation and re-negotiation of cross-border, project finance, corporate, commercial, structured and re-structured finance transactions

Roles and Responsibilities

• Provide general legal advice, including legal research
• Structure, restructure, negotiate and re-negotiate corporate and commercial transactions including project finance and cross-border financing transactions
• Identify, evaluate and structure import and export finance transactions
• Ensure compliance with internal legal and other IDC procedures and policies
• Identify and minimize potential legal risks
• Draft, review, negotiate and re-negotiate financing agreements and other legal documentation
• Make presentations and opine on legal and regulatory developments
• Conducting legal due diligence investigations
• Ensure efficiencies aimed at improving client satisfaction by providing efficient legal services 
• Developing and maintaining relationships with providers of legal services (including, external legal counsels, business rescue practitioners and other key stakeholders)
• Develop and maintain client and institutional relationships, internally, locally and internationally

go to method of application »

Qualifications:

• Matric
• Relevant Diploma

Knowledge and Experience:

• 2 to 5 years proven Secretarial and Administration experience.
• The following computer skills and knowledge of office software packages are essential: MS Word; PowerPoint; Excel; Outlook
• Knowledge of SAP will be an added advantage

Roles and Responsibilities

Financial / Shareholder Returns

• Process the department’s expenditure and / or invoices
• To process financial travel claims and provide support for travel related enquiries.
• To process VAT invoices for payment and follow up with financial management department on outstanding VAT invoices by email and/or telephone;
• To assist the team by ordering stationery and other office supplies;
• To monitor usage to avoid wastage that might culminate to “fruitless expenditure” in respect of the LSD; and
• To perform duties within the financial and budget guidelines, record-keeping of accounts of the LSD.

Internal / Operational Processes

• Receives and screens telephone calls and resolves basic queries;
• Schedules and arranges conferences and meetings for the members of the team (as and when requested by the manager and/or team member(s);
• Arranges travel for the members of the team (including ensuring proper scheduling of transportation arrangements and making hotel reservations);
• Maintains the team’s filing system (opening, closing and arching of files);
• Determines the need for, requisitions of stationery supplies, and/or ensures the repair and/or report of any faulty printing machines as soon as becoming aware of the fault;
• Organises diaries, appointments and arranging meetings.
• Creates, transcribes and distributes cluster and/or departmental meeting agendas, minutes and work related reports in accordance with the LSD’s style and format (as and when required); and
• Maintains and manages the LSD subscriptions with various professional bodies as may be required from time to time.
• To assist the team with the preparation of legal agreements (including preparation of amendments to legal agreements and non-disclosure agreements);
• To attend to all typing needs of the LSD in relation to any legal documentation (applicable from time to time);
• To be a general administrative support to the team (in line with the LSD’s systems and procedures), including dispatching of legal agreements to clients,
• To follow-up with clients regarding signature of legal agreements;
• To update SAP daily on the status of signature of legal agreements;
• To attend to the circulation for signature and witnessing of legal agreements on behalf of the Corporation;
• To facilitate instructions to external attorneys (for bond registrations and/or cancellations):
• To attend to photocopying, faxing, mailing, dispatch, and/or receiving of legal documents on behalf of LSD;
• To attend to the filing of originally signed legal agreements with the Corporation’s records department;
• To proofread and correct prepared materials for correct grammar, spelling, punctuation, format and syntax in respect of all legal agreements and related documents prepared at the LSD prior to sending it out;
• To compose non-standard correspondence (as and when required);
• To prepare presentations from information and guidelines provided by the cluster manager or a team member (as and when required);
• To manage and file legal master templates and legal opinions on the LSD Shared Drive; and
• To facilitate on boarding of new staff members.

Customer Focus & Stakeholder Management

• To attend to general correspondence and liaison with internal and external clients (as and when required);

Learning, Leadership & People Growth

• Manage own development to enhance own competencies
• Participate in knowledge sharing in the team