Job Vacancies 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.

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Job description

• To provide prompt and sound legal advice and support to the NEF in particular the Post Investment Department and Turnarounds, Workouts & Restructures Department;
• To provide legal input to submissions papers on existing investments prepared for the Portfolio Management Committee and other committees where relevant;
• To implement and monitor debt recovery, litigation, business rescue proceedings and all other legal and Court processes, whether or not outsourced to third party legal advisors;
• To implement the restructuring of companies and drafting all legal agreements relating thereto;
• To address all legal matters relating to the NEF and its investee companies, implement amendments to funding structures and terms and negotiation of contracts with investee companies or third parties;
• Provide general legal advice to the NEF’s various departments;
• Manage costs/budget for work carried out externally.

Minimum requirements

Experience / Skills Required

• At least 3 – 5 years litigation and Court experience,
• Working knowledge of various computer programmes including MS Tools e.g. Word, Excel etc.,
• In depth knowledge of laws and legal processes in respect of NEF core business (primarily relating to Corporate Finance, Structured Finance and Investment Banking),
• Working knowledge of other areas of law e.g. Tax, Companies Act, Insolvency,
• Experience in turnarounds and restructures of companies,
• Working knowledge of finance,
• Accuracy in preparing legal documentation,
• Ability to advice on legal issues related to NEF business,
• Ability to convey legal opinion and argue legally.

Qualification Requirements

• LLB – and at least 3 years post article experience,
• Post graduate qualification would be an advantage,
• Admitted Attorney.

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Job description

Assessment of Applications (Pre-screening) and Report writing

• Collect all relevant information from applicants;
• Evaluate new deals from Pre-Investment for potential;
• Perform high level desktop financial and commercial assessment and provide recommendations and comments to Investment Associates;
• Analyse, compile and report on market information on a deal-by-deal basis;
• Prepare the early review report and make recommendation for ratification by deal committee within guidelines;
• Draft recommendation letters. 

Financial modeling and preparing of financial analysis

• Build financial models according to NEF financial modeling methodologies standards models;
• Provide comprehensive financial analysis, using approved financial modelling tools, to the Deal Team on transactions presented to the NEF;
• Apply standard investment analysis (under the advice / assistance of senior team members) on deal structuring techniques, market analysis and valuation principles;
• Manage and influence internal decision–making and project process to obtain investment approval; 

Research, analysis and preparing research reports

• Conduct research and gathering data using reliable sources of information;
• Assist teams with due diligence exercise;
• Analyse and prepare reports on findings and make recommendations.

Minimum requirements

Experience / Skills Required

• Minimum of 2 years similar experience in the corporate finance/ Banking/ DFI environment
• At least 2 years of financial modelling and deal assessment experience
• A generalist in small and medium enterprises (SMEs), franchise, procurement and entrepreneurship finance area
• Understanding of NEF mandate and investment guidelines
• Possess good analytical and modelling skills
• An expert analyst demonstrating high command of the abilities required to perform the role
• Ability to apply financial modelling methodologies
• Ability to apply NEF processes with ability to move beyond the standard process with help to produce highly insightful diagnoses
• Able to identify important issues and highlight same to team for consideration
• Good at knowledge gathering finds additional relevant information from unusual sources
• Possesses analytical skills
• Can develop good, actionable recommendations and is a strong contributor in discussions on investment implications
• Structures own work and meet all commitments and targets and also exceeds agreed upon work
• Participation in team problem solving
• Contributions to team effectiveness
• Willingness to travel.

Qualification Requirements

• Bachelor of Commerce degree in Accounting / Economics / Finance or equivalent;
• Postgraduate qualification and/or CFA are an added advantage.