Jobs at IDC

Job Description

Financial / Shareholder Returns

• Evaluate and effectively structure transactions with detailed application of IDC financing instruments.
• Ensure financial soundness of all credit submissions

Internal / Operational Processes

• Evaluate applications for finance (financial, technical and marketing disciplines)
• Deal structuring - Designing and negotiating the financial and legal relationship between the client and IDC for the specific deal.
• Risk identification and mitigation
• Leading of due diligence teams on high value / complex transactions
• Deal optimization - ensuring that the deal is aligned with the strategic objectives of the unit and will contribute to meeting industry development goals
• Support the development and implementation of strategies or action plans to drive the SBU’s strategic objectives.
• Account management function up to first draw
• Prepare well written and motivated reports for presentation to the relevant Credit and other committees as required.
• Conduct peer reviews on all due diligence disciplines.
• Training, mentoring and coaching of Business Analysts and Dealmakers
• Provide advice to Business Analysts and Dealmakers in the handling of enquiries and applications

Customer Focus & Stakeholder Management

• To effectively interact with different SBUs and departments in order to fulfil the process requirements related to any specific deal / transaction.
• Manage and enhance the levels of service and communication to ensure the provision of client service excellence

Learning, Leadership & People Growth

• Provide team leadership in transactions during due diligence
• Manage own development to enhance own competencies
• Participate in knowledge sharing in the team and cross functional
• Coaching and mentoring team members

QUALIFICATIONS

• Minimum qualification: relevant commercial or technical Honours Degree or equivalent qualification.

KNOWLEDGE & EXPERIENCE

•  8-10 years related experience of which 8 years should be in deal assessment as well as closing of transactions (i.e. management of approved deals up to first drawdown, including ensuring timely conclusion of legal agreements).
• Declared competent in three due diligence disciplines (Marketing, Technical or Financial)
• Grounded in all three disciplines
• Transaction leadership (complex deals)
• Knowledge in assessing all associated issues in a transaction (Legal, risks, etc.)
• Experience in peer review
• Experience in interpretation and analysis of financial statements
• Knowledge of the market environment and technology landscape
• Knowledge of financing instruments
• Understand and review models of proposed financial structures
• Competent in coaching and mentoring of team members.

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Qualification

• Relevant commercial or technical degree
• Post graduate degree would be an advantage

Knowledge & Skills

• The preferred candidate will have a minimum of 5 - 8 years’ experience in field of discipline.
• Experience in State Owned Entities or development finance entities and understanding of all applicable legislative and governance principles is preferred
• Understanding of sustainable banking imperatives and environmental, social and governance requirements would be an advantage
• Exemplary self-leadership.
• The candidate must have absolute commitment towards the values of the Corporation.
• Experience working in a high-level collaborative environment.
• Proven track record of effectively interacting with senior management.
• Knowledge of Microsoft Word, Advanced Excel and PowerPoint.
• Practical knowledge of SAP will be an added advantage.

Roles and Responsibilities

Financial /Shareholder Returns

• To facilitate the management the divisional budget and cost centres. Consolidating budget reports in the division.
• To assist in reporting activities and preparing comparative reports together with narrative recommendations.

Internal / Operational Processes

• To assume day-to-day responsibility for projects and tasks and coordinate the execution of strategic initiatives.
• To create and maintain cross-departmental relationships
• To assess inquiries directed to the Divisional Executive determine the proper course of action and delegate to the appropriate individual to ensure resolution achieved.
• Participate in strategy formulation and implementation for the division.
• Provide strategic advice and support on policy matters.
• Assist with reporting on various operational activities.
• Analyse trends and provide recommendations for remediation.
• Prepare Management information reporting and table analysis at key governance forums.
• Monitor and evaluate divisional performance and ensure measure/interventions are put in place.
• Effectively formulate and implement systems and procedures to ensure compliance and provide innovative solutions to take the Division forward, generating ideas for improvement of cross functional processes or resolution of complex matters.
• Ensure plans are crafted and processes developed and implemented to evaluate the impact of implementation of changes made, including taking responsibility for overseeing and reporting on this evaluation.
• Formulate and prepare presentations for the CRO.
• Participate in corporate strategic initiatives/projects.
• Research and provide specialist knowledge and advice to the CRO relating to all operational aspects.

Corporate Strategic Alignment

• To participate in and support Corporate Initiatives.
• To formulate and implement innovative ways to improve Customer focus
• Monitor and evaluate divisional strategic priorities and preparation of reporting and presentation requirements.

Customer Focus & Stakeholder Management

• Develop and build relationships with internal and external clients.
• Build a network of relationships, across the departments, to enable achievement of goals and objectives.
• Ensure effective client experience management to optimise client experience across all touch points.

Learning, Leadership & People Growth

• Keep up to date with latest developments (conferences and sector forums)
• To research best practice measures.
• Take responsibility for personal development and growth.
• Promote the sharing of knowledge and best practice in the division.

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Qualifications:

• National Diploma in Commerce or equivalent.

Knowledge and Experience:

• Minimum of 2-5 years’ experience in a Financial Services administrative environment
• Understanding and knowledge of the investment process 
• Experience in Customer Service and Care
• Experience in collection of data is essential
• Experience and knowledge of the SAP system will be advantageous
• Basic Excel Skills is essential
• The ability to operate in a multi-tasking and demanding environment.

Roles and Responsibilities

• Monitoring terminal draw dates to ensure they don’t expire and extend before expiry.
• Tracking of undrawn commitments and updating SAP with forecasted draws by consulting with clients and validating the draws with relevant stakeholders (e.g. Segments and Strategic Business Units)
• Initiate and support disbursements processes and engage with relevant stakeholders to confirm conditions are met and gaps are communicated accordingly.
• Tracking and forecasting collections (such as Capital, Interest, Dividends, Sweeteners, Cash Sweeps, Settlements, Guarantees Fees etc.) by using SAP and send statements to clients to confirm payment. Ensure that memos are done to remove clients from debit order, when they are unable to pay.
• Investigate non-payment by IDC clients via emails and/or telephone calls. Follow-up on arrears/ outstanding payments & capturing status on the collections made & allocations of payments on SAP. Issue LODs for overdue payments & place clients on alternate rate where applicable.
• Generate and complete settlement documentation, including release of securities
• Ensure that all IDC securities are registered, registration documents are loaded on Docupedia and update SAP to reflect correct security (e.g. SNBs, Mortgage Bonds and GNBs).
• Ensure updated valuations reports on IDC security are done by the relevant IDC Dept, once expired & timeous request of new valuations to be done by providing the relevant information (e.g. assets register lists with serial numbers).
• Timeous collection of Financial Statements (ensure that the AFS & Management Accounts are accurate & complete with at least an Income Statement, Balance Sheet & Cashflow Statement). Timeous & accurate monthly updating on SAP. Issue LODs for overdue data & place clients on alternate rate where applicable.
• Capture AFS on the risk grading tool and notify relevant parties to finalise the risk grade.
• Accurate & timeous collection and monitoring of client compliance with undertakings and capturing received undertakings into SAP (e.g. client budgets & FICA/corporate governance information). Issue LODs for overdue data & place clients on alternate rate where applicable.
• Collecting jobs information from clients timeously. Check that the documents received are correct & comply with audit requirements. Issue LODs to clients for overdue jobs data & place clients on alternate rate where applicable.
• Timeously attend to client requests such as audit confirmations, statements, reconciliations, cancellations, undrawn amounts etc.
• Follow up on Letters of Amendment (LOAs) from & ensure implementation on SAP.
• Prepare memos for non-material approvals.
• Ensure that both manual and electronic filing system is up to date including saving on Docupedia or any applicable filing system.
• Ensure that an accurate database of all business partners is maintained and is up to date including, contact numbers, contact persons, physical and postal addresses, e-mail addresses etc.
• Carry out any other ad-hoc activities including capturing requirements and any other administrative duties effectively and efficiently.
• Efficient and Service Excellency to be provided to both internal and external stakeholders