Vacancies Available at Public Investment Corporation

Requirements:

Minimum Qualifications: 

• B Degree (honours) in Commerce, Finance or Business Science. 
• At least 5-7 years of relevant experience (SA Industrials, Healthcare, Transport and/or TMT listed equities research will be the focus areas but candidates from other sectors would also be considered if they have the relevant skill sets). 
• FAIS RE 05 Certificate or must be obtained within 6 months of employment. 

Professional Body/Association: 

• CFA / SAICA or Similar membership would be preferred. 

 Minimum Technical/Core Skill Requirement: 

• Investment analysis 
• Evaluate market intelligence 
• Recommend sector stock 
• Stock specific research 
• Equity market research 
• Complete and customise Excel-based valuation models 
• Maintain, develop, and update fundamental equity models 
• Corporate Finance/ (M&A) experience would be an advantage 

Duties:

• Stock recommendation with detailed investment thesis to develop and customise valuation models 
• Detailed presentation of these recommendations to both the Portfolio Manager: Non- Consumer Industrials as well as the Internal Listed Equities team and other relevant committees 
• Awareness of portfolio and stock exposures 
• Timely maintenance of valuation models to factor for new market information 
• Provision of investment thesis, valuations, industry and company information 
• Recommendations on Corporate actions to both the Portfolio Manager: Non-Consumer Industrials as well as the Internal Listed Equities team and other relevant committees 
• Supervise the analyst 

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Requirements:
Minimum Qualifications and Experience: 

• B Com (Honours) in Finance or B.Sc (Honours) in Finance or any other similar commerce, engineering, legal or finance degree 
• A minimum of 6 years’ experience in commercial/corporate turnarounds and rehabilitation, in an asset management, private equity organisation, financial institution or a consulting firm 
• FAIS RE 05 Certificate or must be obtained within 6 months of employment 

Preferred Qualifications:

• Professional qualification in finance, engineering, legal or any other similar relevant degree 
• Chartered Accountant, CFA, Master’s degree or Certified Rescue Analyst (CRA) would be an advantage 

Minimum Technical/Core Skill Requirement 

• Knowledge of credit risk assessment 
• Knowledge of Financial Analysis and Interpretation 
• A well-developed knowledge of business, management and finance philosophies and practices. 
• Ability to apply technical and business understanding to assist with the rehabilitation of non-performing assets. 
• Ability to apply a wide range of financial and risk assessment and mitigation techniques to the client’s business operations. 
• Dealing with private sector / commercial workout turnarounds 
• Experience in the legal process associated with turnarounds /workouts, business rescue and liquidations. 
• Experience in Investment Analysis and Financial Modelling 

Duties:

• Prepare submission reports for the various committees and other stakeholders. 
• Review submission documents prepared by PMV and ESG for the movement of investments to Turnaround. 
• Assist in drafting RFPs for approval by the AFP &/ FP. 
• Monitoring of investments against Turnaround Plans. 
• Provide early warning signals to the Manager on new developments not already identified at the date of transfer. 
• Update database of investee companies, research and analysis for all investments moved to the Turnaround portfolio. 
• Conduct portfolio company visits and maintain ongoing interactions with the portfolio companies. 
• Conduct detailed financial analysis on investee companies 
• Assist in due diligence scoping and conducting due diligence for investments that may be required to implement the turnaround plan 
• Assist in the drafting of legal agreements. 
• Assist in the restructuring of the transaction. 
• Perform/Assist in Valuations if part of the Turnaround Plan 
• Updating of valuations model and database 
• E-front data capturing (capturing all the investee company's data into the systems). 
• Development of post-investment plan to be submitted together with the investment appraisal report 
• Assist in managing investees in Business Rescue by Monitoring the BR procedure. 
• Assist in managing clients in Liquidation. 

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Requirements:

• Relevant degree in Risk or Audit. 
• Sound understanding of operational risk management principles. 
• Financial services industry knowledge and experience (Preferably Asset Management). 
• A good understanding of listed and unlisted investments. 
• Minimum 4 years of operational risk experience in financial services. 

Duties:

• Conduct day-to-day operational risk activities in terms of the Operational Risk Management Framework (ORMF) and related frameworks, policies, and procedures. 
• Assist the Senior Manager: Operational Risk in the identification, assessment, responses, and monitoring of operational risk in the PIC. 
• Coordinate the risk analysis activities of the PIC Business Units, including both listed and unlisted investments. 
• Work with Compliance, Internal & External Audit functions and other Assurance Providers to direct their efforts towards reviewing controls that mitigate the identified risks across the organization. 
• Support the process of identifying and reporting risk incidents and assist in the design of risk mitigation and control procedures within PIC. 
• Support process of identifying and reporting issues and actions within PIC. 
• Conduct control environment assessments for the organization. 
• Conduct, implement and assess key risk indicators. 
• Assist the ORM Department with reporting to various governance structures.