Vacancies at Industrial Development Corporation

Qualifications 

• Bachelor’s degree in finance /accounting or equivalent CA(SA) - Mandatory

Experience:

• 5-8 Years’ experience in finance or finance operations related roles.
• 3-5 Years’ experience in performing Group Consolidations function of a large company.
• Experience in a managerial position (preferable).
• Experience in accounting for complex consolidations in a multinational environment.
• Industry experience from financial services/Lending/Banking would be advantageous.
• Good understanding of the functioning of the SAP system and consolidation systems.
• Strong IFRS 10 and IAS 28 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.

Roles and Responsibilities

• Review and guide the group financial reporting processes.
• Design and implement group wide reporting controls and templates required for the execution of financial consolidation.
• Preparation of the group consolidation in compliance with the group reporting policies, procedures, and templates.
• Continuously provide input into the improvement of the group reporting policies, procedures, templates and the efficiency of the consolidation preparation processes.
• Perform the group consolidation for monthly, quarterly, and annual financial performance.
• Process the relevant approved year-end adjustments key to the consolidation performance.
• Manage the overall process for the preparation and consolidation of monthly, quarterly, and annual financial results.
• In liaison with Client Support and Growth (CSG), identify and maintain a record of investments that meet the requirements of consolidation.
• Implement controls to ensure that the list of investments to be consolidated is complete at any point in time on the consolidation platform.
• Monthly review and reconciliation of ZPR (SAP client depository) to ensure alignment of the investments list across the various business areas, i.e., completeness and accuracy to the trial balance.
• In liaison with Technical Finance, ensure the accuracy of the classification and measurement of the investments.
• Responsibility for the development and update of intercompany policies and procedures.
• Define and identify the nature of intercompany transactions and account types specific to the IDC reporting environment for intercompany transaction elimination purposes.
• Ensure the group consolidation process is in compliance with IFRS requirements.
• Keep abreast of latest developments in IFRS and integrate these into group accounting policies and procedures.
• Prepare monthly, quarterly, and annual internal consolidation financial reports to key IDC committees.
• Participate, provide input and support in the audit preparation process and during the performance of the external audit.
• Support the financial reporting team with the preparation of any internal financial reports, as applicable.
• Contribute to the preparation of external financial reports to external stakeholders.
• Assist with ad-hoc Financial Management department initiatives and projects.
• Create and maintain a good relationship with internal and external stakeholders.
• Provide coaching and training to the financial reporting team as and when necessary.
• Support and drive Innovation of the IDC group consolidation process.
• Participation in key meetings as per nomination.

Job Requirements

FUNCTIONAL KNOWLEDGE

• Financial Consolidation
• Consolidation systems
• Financial accounting
• Period end & Closing
• IFRS (International Financial Reporting Standards)
• JSE Listing Requirements
• Corporate Governance – King IV

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Qualifications:

• B Com degree or an equivalent qualification

Knowledge and Experience:

• 5 to 8 year’s relevant experience in a financial institution.
• Understanding and knowledge of credit risk management or deal origination with strong emphasis on risk identification, assessment and mitigation.
• Knowledge and Understanding of credit risk and any associated risks prevalent in the financing of transactions/projects.
• Portfolio management experience will be an advantage

Roles and Responsibilities

• Providing the necessary support required by Senior Origination Managers and Credit Evaluation Managers in the Deal Development process.
• Conduct research and credit analysis on deals that are at basic assessment stage.
• Ensuring that potential deals at basic assessment are in line with mandate, Risk appetite framework and Credit policies.
• Performance and provision of indicative risk grading and pricing.
• Conducting credit checks and other necessary checks required at origination stage.
• Assist with the clearing of drawdown conditions.
• Communicate the Organisation’s Risk Appetite to front line and encourage adherence and conduct within the stipulated appetite levels.
• Assist with the review and continuous enhancement of Credit submission templates.
• Challenge existing methodologies and develop innovative ways to enhance the credit risk origination systems and procedures and the Credit submission templates.
• Being the voice of risk at SBU internal meetings and cultivate a holistic risk-aware culture within operation divisions.
• Work alongside Senior Origination Managers to inculcate production of succinct and high-quality reports that assist in efficient decision making
• Collaboration with Evaluation Managers to ensure alignment on risk appetite and terms of credit.
• Assist with the development of differentiated, superior solutions (solution engineering) that meet stakeholder and business requirements

Job Requirements

TECHNICAL/FUNCTIONAL COMPETENCIES

• Problem Solving
• Report writing Skills
• Strong attention to detail and data validity
• Strong Analytical Skills
• Planning and Organizing

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Qualifications:

Minimum requirements:

• Commercial qualifications e.g. BCom with post graduate degree
• MBA / MBL would be an advantage

Knowledge and Experience:

• At least 8-10 years’ experience in a Turnaround and Restructuring environment - businesses experiencing distress.
•  Experience in Business Rescue advisory
•  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 in the 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 Business Units (SBUs) and Post Investment Segments in respect of clients who are showing early signs of operational and/or financial stress.
• Assist in recommending the suitable Business Rescue Practitioner
• 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 diagnose cause of distress and  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 meeting
• Prepare and present regular monitoring submissions to Portfolio Monitoring Committee
• Provide efficient service to both internal and external stakeholders/clients

Job Requirements

TECHNICAL COMPETENCIES

• Business Turnaround & Rescue
• Financial modelling
• Analytical/Diagnostic Skills
• Business/Commercial Acumen
• Problem Solving/Solution Generation
• Client Insights & Focus
• Formulating strategies and concepts
• Report writing Skills
• Project Management Skills
• Stakeholder Management

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Qualification

• A 3-year Degree (NQF Level 7) or Diploma in HR Management or related discipline.

Knowledge & Skills

• 5 - 8 years of experience in talent acquisition, recruitment, or human capital with a focus on talent acquisition and retention.
• Additional Advantage: 3 years’ experience working at a management level.

Job Related Knowledge (knowledge of systems, processes, regulations or law)

• Recruitment techniques.
• Diversity & inclusion.
• Relevant legislation.
• Continuous learning & adaptability.
• Communication & relationship building.
• Training development.
• Staff retention.

Roles and Responsibilities

• Develop and execute innovative recruitment strategies to attract top-tier candidates across various channels, including job boards, social media, professional networks, and referrals.
• Conduct thorough candidate screenings, interviews, and assessments to evaluate qualifications, skills, suitability and cultural fit to the organization.
• Build and maintain a strong talent pipeline for current and future human capital needs.
• Collaborate with hiring managers to understand staffing needs and provide guidance on best practices for attracting and selecting candidates.
• Coordinate and facilitate the onboarding process for new hires, ensuring a smooth transition into the organization.
• Coordinate offboarding of existing employees and lessons learnt feedback for more improved services.
• Implement talent retention initiatives, including performance management, career development, succession planning, and employee engagement programs.
• Analyse recruitment metrics and trends to continuously improve the effectiveness of talent acquisition and retention processes.
• Stay up to date on industry trends, best practices, and legal requirements related to talent acquisition and retention.