Jobs at Industrial Development Corporation

Synopsis

• To provide a comprehensive and strategic support to the Chief Financial Officer by providing day to day oversight of operational matters and supporting planning and execution of key deliverables
• Serve as a subject-matter expert, draft reports, presentations and official correspondence
• Manage the effective flow of information between the CFO, Executive Management and the rest of the Corporation.
• To monitor, evaluate and measure the timeous implementation of deliverables across the Division (Group Finance)
• Support the co-ordination and alignment of Group Finance activities
• Identify trends for business improvement and risk management purposes

Qualification and Experience

Qualification: 

• Minimum qualification: relevant commercial or technical degree
• A Post graduate Qualification in a relevant field (e.g. CA(SA), MBA/MBL, LLB etc

Experience: 

• The preferred candidate will have a minimum of 5 - 8 years’ experience in the financial discipline
• Experience in State Owned Entities or development finance entities and understanding of all applicable legislative and governance principles relative to Group Finance
• Understanding of sustainable banking imperatives and environmental, social and governance requirements would be an advantage
• Candidate must have an appreciation of the role of the IDC
• 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
• Ability to work strategically and collaboratively across departments
• Effective, versatile and action-oriented
• Excellent communication skills
• Ability to manage multiple competing priorities while building effective relationships
• Extremely organized and persistent, with drive and determination to achieve goals.
• Management and leadership experience will be an added advantage
• Knowledge of Microsoft Word, Advanced Excel and PowerPoint
• Practical knowledge of SAP will be an added advantage

Roles and Responsibilities

Financial / Shareholder Returns

• To serve as advisor to the CFO
• 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 enable leadership success
• To manage the Chief Financial Officers budget and cost centres. Consolidating reports across units
• To assist in reporting activities and preparing comparative reports
• To assess inquiries directed to the CFO, determine the proper course of action and delegate to the appropriate individual to manage, and follow up to ensure resolved

Internal / Operational Processes

• Participate in strategy formulation and implementation for the CFO’s office
• Provide strategic advice and support on policy matters
• Management of the Office (planning and co-coordinating the activities of the office)
• Assist with reporting on various operational activities
• Analyse trends and provide recommendations for remediation.
• To generate ideas for improvement of cross functional processes or resolution of complex problems
• Represent the IDC and the COO at internal and external forums
• Participate in corporate strategic initiatives/projects

Corporate Strategic Alignment

• To participate in and support Corporate Initiatives
• Monitor and evaluate divisional strategic priorities and preparation of reporting and presentation requirements
• Assist and drive the requirements of the TPMO work-stream

Customer Focus & Stakeholder Management

• To create relationships with internal and external clients
• Dealing with client queries that require policy decisions to protect the organisation against reputation risk and ensure client satisfaction

Learning, Leadership & People Growth

• To provide leadership and support to staff within the Office of the CFO
• To research best practice measures
• Take responsibility for personal development and growth
• Promote the sharing of knowledge and best practice
• Impeccable managerial and interpersonal skills

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Synopsis

• To ensure that the IDC’s Investments and Loans are structured in a manner that achieves compliance with International Financial Reporting Standards (IFRS), through the provision of technical insight and direction.
• To support the IDC’s the Strategic Business Units (SBUs) and/or Client Support Growth and Catalyst (CS &G) by providing accounting technical related advice on transactions under consideration or concluded by the Company.
• To provide the Financial Management: Loans Management team with guidance on the implementation of complex Investments and Loans on SAP.

Roles and Responsibilities

• Function as the IFRS technical key person for the SBU and CS &G teams.
• Create internal IFRS checklists for the origination of Investments and Loans and Advances.
• Provide guidance to the SBU and CS &G teams with regards to the requirements of IFRS 13 for the valuations prepared and the required inputs to the AFS disclosure notes.
• Keep abreast with the latest IFRS and GRAP technical updates.
• Ensure business’s compliance with the classification of SPPI & non-SPPI financial instruments and IFRS 9 related internal policies.
• Review complex Mezzanine agreements and determine the appropriate IFRS 9 classification to be applied.
• Review of complex restructure arrangements and advise on the appropriate accounting treatment to be applied.
• Draft accounting technical memorandums or position papers on the treatment of affected transactions and Financial Statement Line Items.
• Assist the FM, SBU and CS &G teams with accounting technical queries.
• Provide support the FM teams in the preparation of the Annual and Interim Financial Statements through guidance or assistance where necessary.
• Maintenance of communication channels with the Financial Management: Loans Management team, pre-empting IFRS technical bottlenecks and resolving these in time to meet set disbursements timelines.
• Participation in key meetings relating to key Loans Management transactions, including deferrals and contract restructures, and creating adequate controls, measures to ensure the accuracy of their accounting in SAP.
• Attendance to Internal and External Auditor engagements and IFRS findings related to Investments and Loans and advances.
• To support the Head: Financial Management with regards to any reporting value-add analysis and committee representation as may be required from time to time.
• Participation in key meetings as nominated. Participation in ad-hoc projects.
• Participate in audit liaison activities as may be required.

Job Requirements

• Qualified CA(SA)
• Further studies, such as an MCom (Accounting), will be an added advantage.
• At least 8-10 years’ experience in IFRS in an accounting environment, preferably financial services.
• At least 5-7 years post articles experience.
• Thorough knowledge of IFRS, GRAP (added advantage) and applicable legal and regulatory requirements (including the PFMA & National Treasury regulations).
• Strong IFRS 9 and IFRS 13 experience required.
• Understanding of financial analysis and the ability to prepare management reports.
• Sound financial Excel Modelling Skills, Microsoft Office inclusive of Word and PowerPoint
• Proficient in Microsoft Excel and Word.
• Must be deadline-driven with attention to detail.
• Computer literacy (excel) is essential with an ability to work under pressure to tight deadlines.
• Ability to think independently/laterally and have a logical approach to problem solving.
• Good communication skills and a ‘hands-on’ approach is required.
• Ability to simplify and explain highly technical information in a simplistic manner
• A mature personality that is self and output driven.
• Ability to present and explain information for decision making at all levels
• Ability to combine strong analytical skills with business knowledge
• Proven excellence in planning and execution

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Synopsis

• To evaluate and present applications for funding and structure deals that contribute towards unit objectives and industry development goals. This would include performing the financial and/or technical and/or marketing due diligence functions and ensuring risk identification and mitigation.

Job Description

Financial / Shareholder Returns

Evaluate and effectively structure transactions with detailed application of IDC financing instruments (where applicable/appropriate)

Internal / Operational Processes

• Evaluate applications for finance (financial, technical or marketing disciplines) through due diligence investigations
• Deal structuring - Designing and negotiating the financial, EHS, legal and other relationships between the client and IDC for the specific deal (where applicable)
• Risk identification and mitigation
• Participate in due diligence teams • Deal Optimisation - Ensuring that the deal is aligned with the strategic objectives of the unit and will contribute to meeting industry development goals
• Account management function up to first draw
• Prepare and submit basic assessments and comprehensive credit proposals that meets the IDC funding requirements.
• Ensuring accurate client data management

Customer Focus & Stakeholder Management

• Maintain meaningful relationships with enquirers, applicants and portfolio clients in conjunction with different support functions in the IDC.
• To effectively interact with different SBU’s and departments in order to fulfil the process requirements related to any specific business transaction.
• Manage and enhance the levels of service and communication to ensure the provision of client service excellence.
• Liaise, communicate and promote the unit externally

Learning, Leadership & People Growth

• Drive and manage own development to enhance own competencies
• Participate in knowledge sharing in the team and cross functional
• Mentoring and acting as a coach to Business Analysts

Qualification and Experience

Formal Qualifications

Minimum qualification: CA(SA)

Knowledge & Experience

• 5-8 years related experience of which 2-3 years should be in 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 two due diligence disciplines (Marketing, Technical or Financial)
• Grounded in one of the above due diligence disciplines
• Experience in interpretation of financial statements
• Sector-specific knowledge would be advantageous
• Knowledge of financial products as used by IDC

Roles and Responsibilities

Technical / Functional Competencies

• Financial acumen
• Risk identification and mitigation
• Investment/Portfolio Management
• Stakeholder Management and customer focus
• Report writing skills
• Planning and organizing

Behavioural Competencies

• Presentation and Communication skills
• Negotiation skills
• Relationship and Networking skills
• Persuading and Influencing skills