Job Opportunities at IDC

QUALIFICATIONS

• CA / B Com post graduate qualification (or equivalent degree).
• MBA would be an added advantage.

KNOWLEDGE AND EXPERIENCE

• 8 to 10 years’ relevant experience in a financial institution, 5 years of which must be specifically in Credit Risk.
• Knowledge and understanding of credit risk and any associated risks prevalent in the financing of transactions/projects.
• Ability to influence stakeholders and team members.
• Experience working in a high-level collaborative environment.
• Ability to manage multiple competing priorities while building effective relationships.
• Extremely organized and persistent, with a drive and determination to achieve goals.
• Require excellent computer skills and proficiency with Microsoft Office (Excel, Access, Word, PowerPoint).
• Exceptional planning and organizational skills: the ability to handle several complex tasks simultaneously.
• The ability to coordinate key projects with a variety of stakeholders is essential.
• Proven communication skills are essential - must possess excellent written and verbal skills to be able to work effectively with others.
• Ability to present and communicate technical information in a clear and concise manner.
• Possess the ability to make deductions and meaning from complex and abstract situations and make sound decisions from these factors.
• Must have the ability to work under pressure and cope with stress in a coordinated manner and be able to make rational decisions even under stressful/ high pressure situations.
• Negotiation and interpersonal skills are essential to negotiate and influence people towards achieving a predetermined goal.

Roles and Responsibilities

• Participate in Due Diligence investigations with the SBUs & Regional Offices, provide advice on risks to be assumed, mitigating factors and assessing viability of projects.
• Preparing preliminary SWOT analysis and ensuring application of Credit policies and credit appetite framework utilizing approved standard templates.
• Participation in Basic Assessment processes and presenting the Credit Risk Opinion and obtain CEM participation and indication of final credit structure requirements.
• Assist in risk identification and mitigation, ensuring compliance to credit policy and spreading of financials (if not undertaken by business) and provide SBU with “indicative risk grade and pricing”.
• In collaboration with the Legal Services Department seek for the adoption of a consistent approach in the drafting of standardized finance documentation across Group Counterparties as appropriate to ensure adoption of consistent credit terms.
• Encourage adherence to the organization’s stated Risk Appetite levels to the front line and encourage conduct to be within such stipulated appetite levels.
• Ensure credit submissions are undertaken in strict compliance with the official Credit and Investment submission templates of the Corporation.
• As part of the integral team dealing with applications, ensure that SBU completed applications are reviewed and edited to ensure fit-for purpose assessment and appropriate risk lens on structure /tenor/products and shareholder contribution using approved IDC Credit Templates.
• Provide input into the review and enhancement of the IDC Credit & Investment Template as required.
• Facilitate constructive working relations and healthy working morale between the Credit Risk Department and relevant SBUs.
• Provide appropriate guidance and support during deal development and structuring phases and act as a sounding board throughout the credit on-boarding process.
• Identification and mitigation of project and/or counterparty risks– including the development of a project risk matrix in conjunction with the relevant SBUs.
• Ensuring that the terms and conditions of credit committee approvals are well documented and executed in the legal agreements and draw documents.
• Participate in the draw-down process and provide independent credit sign-off as required from time to time.
• Attend and participate in client and/or deal structuring meetings prior to Deal Development Forum and provide advisory credit and structuring services on potential transactions after being cleared for any potential conflict of interest.
• To co-ordinate and share information with Credit Evaluation Manager (“CEM”) in the processing of the new transaction and ensure an option is provided for CEM to attend client meetings if and as required.
• Ensure timely submission of completed and comprehensive final report pack to CEM ahead of submission into the formal Credit and Investment sanctioning process.
• Work with the deal team and Legal Services Department to ensure deal closure post Committee approval and support applications requiring waivers and/or changes of approved credit & investment terms, as and when necessary.
• Ensure adherence to the principle of “need to know” by ensuring all information shared is aligned and limited to the credit origination process.
• Perform credit checks and deed searches on prospective and existing clients.
• Attending Credit Committees and Executive Policy meetings as and when required.

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Qualifications

• CA / B Com post graduate qualification (or equivalent).
• MBA would be an added advantage

Knowledge and skills:

• 8 to 10 year’s relevant experience in a financial institution
• Knowledge and understanding of credit and investment risk and any associated risks prevalent in the financing of transactions/projects
• Portfolio management experience will be an advantage
• Experience working in a high-level collaborative environment
• Ability to manage multiple competing priorities while building effective relationships
• Extremely good writing and presentation skills, particularly to committees
• Extremely organized and persistent, with drive and determination to achieve

Roles and Responsibilities

• Provision of independent credit & investment assessments and evaluation on credit submissions to approval committees; exercise credit judgment; and make sound credit recommendations within stipulated Service Level Agreement;
• Performing risk grading of Business Partners through application of in-house credit risk tools and models and give constructive view on the output;
• Ensure adherence to credit policies and procedures as well as team alignment to the Credit Risk Appetite Strategy, taking into account group counterparty concentration guidelines;
• Responsible for the final sign-off of all risk ratings within the IDC, including accountability for a consistent rating approach for all entities and application of overrides;
• Seek to obtain/enhance collateral to reduce the impact of loss given specific default (“LGD”);
• Provide appropriate guidance and support during Deal Development Forums (DDF) and act as a sounding board throughout the credit process;
• Provide an approach that is reasoned, impartial and encourages participation and challenge to analysis and credit risk mitigation proposals accountability for the pricing of all deals and investments;
• Prepare and position submissions at the relevant sanctioning committee and respond to questions;
• Provide support, guidance and a consistent approach and interpretation of credit and investment principles across the full credit cycle (cradle to grave);
• Provide an approach that is reasoned, impartial and encourages participation and challenge to their analysis and credit risk mitigation proposals accountability for the pricing of all deals and investments;
• Responsible for independent evaluation of annual credit reviews and provide oversight to ensure these are n aligned with requirements (at least annually);
• Provide guidance to teams on matters to be followed up and incorporated in the further designed/renewed and origination of credit and/or investment proposals/templates;
• Ensure breaches/ potential breaches and/ or exceptions, are timeously addressed and propose, with the Legal, such relevant powers of enforcement as appropriate to fully protect the interests of the IDC;
• Partner CSG in the monitoring and restructuring efforts for distressed and work-out clients and in determining and agreeing appropriate credit strategies for clients prior submission to the relevant credit approval authority;
• In collaboration with Legal department seek for the adoption of a consistent approach in the drafting of standardized finance documentation across Group Counterparties as appropriate to ensure consistency of credit terms;
• Assist origination in ensuring, prior facility draw-down, that all key and specific credit conditions, such as default ratios, re-pricing terms, information provision conditions, etc, are correctly and clearly documented and properly defined in the relevant facility agreements;
• Standing Invitee and participant at Investment Monitoring Committee and Portfolio Monitoring Technical Committee and any other portfolio monitoring forums as established by the Corporation from time to time, which would include the management of early distress, watchlist and non-performing clients;
• Oversight on the Collateral Management process, ensure that collateral is maintained and managed in accordance with the IDC Credit Policy and Collateral Valuation Guidelines and ensure that the support of Credit Department is obtained prior to any release or amendment of collateral terms;

Roles and Responsibilities (cont.)

• Partner with Risk Governance and Portfolio Management to provide insights on client conduct and lessons learnt when required;
• Formulate tools, systems and to better service the portfolio;
• Facilitate constructive working relations and healthy working morale with internal stakeholders;
• Providing constructive input to the development and enhancing of credit policies and procedures;
• Ensure on-going compliance with Credit Policy and other relevant regulatory requirements;
• Project risks identification and mitigation – including the development of a Project risk matrix in conjunction with the relevant SBUs.

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QUALIFICATIONS: 

• Minimum requirements: The incumbent must have commercial qualifications e.g. BCom with post graduate degree / CA(SA)
• MBA / MBL would be an advantage
• Legal Qualification would be an advantage

KNOWLEDGE AND EXPERIENCE:

• At least 5-8 years’ experience in a Turnaround and Restructuring environment - businesses experiencing distress.
• Experience in Business Rescue advisory and processing
• Knowledge of business and the diversity of risks that may affect businesses.
• Good understanding of different types of security.
• Good working knowledge of Chapter 6 Company’s Act, Contract, Taxation, IFRS and Insolvency legislation.
• Good knowledge of Industry standards, technology trends and best practices

Roles and Responsibilities

• Provide advice and support to sector SBUs and Post Investment Segments in respect of their clients who are showing early signs of operational and/or financial stress. Attend all meetings to do with the specific Business Rescue process;
• Plan and execute the Business Rescue process of IDC clients experiencing distress through:
• Carry out Business Reviews to 1) diagnose cause of distress and 2) ascertain reasonable prospect of client becoming operationally and financially viable;
• Determine the optimum Rescue solutions that will improve the company’s viability,
• Determine the optimum Financial/non-financial Restructuring intervention that can be implemented to support the Rescue strategy
• Influence the Business Rescue process for the benefit of the IDC;
• Evaluate Business Rescue plan presented by the Business Rescue Practitioner and recommend changes;
• Safeguard IDC’s Security position through maintaining and/or improving the recoverability of IDC’s exposure,
• Draft and present submission reports to various decision making committees,
• Review drafted legal agreements to ensure they capture the IDC credit committee approval,
• Closely monitor the implementation of the Business Rescue strategy through attending Creditors meetings; Interaction with key stakeholders; regular client visits; etc.
• Regularly update the Business Advisory & Turnaround monitoring platform (SAP) iro tracking progress against process and status update notes;
• Attend and contribute to the monthly Business Advisory & Turnaround Portfolio Management meetings
• Prepare and present regular monitoring submissions to Portfolio Monitoring Committee
• Provide efficient service to both internal and external stakeholders/clients;

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Objectives

• Project planning and management – development of business cases/project implementation plans etc.
• Stakeholder management.
• Technical oversight on projects.
• Strong strategic vision and thought leadership in the field of Technical Infrastructure Services best practice.
• Apply innovative technical mechanism for public infrastructure delivery in various sectors.
• Apply strategic public infrastructure delivery mechanisms for all three spheres of government.
• Apply infrastructure delivery mechanisms that provide additional technical capacity to government.
• Manage a multi-disciplinary team of built environment specialist.
• Build relationships and collaborations with key stakeholders in the infrastructure planning and delivery space.
• Foster key partnerships with local & international stakeholders in the field of infrastructure trends.

Qualification and Experience

Formal Qualification/Degree

• Any of the following qualifications: Postgraduate/NQF level 8 related qualification in the Built Environment.

Roles and Responsibilities

Work Experience

• Minimum 8 to 10 years of experience in infrastructure project planning, implementation, and delivery in both public and private sectors.
• Additional Advantage: Minimum of 3 years’ experience working at a management level.

Registration with a Professional Body

• Registration with a statutory body or legally recognized association.