Turnaround Specialist

2 days ago


Midrand, Gauteng, South Africa Development Bank of Southern Africa (DBSA) Full time

The purpose of this role is to rehabilitate the private sector non-performing loan book, with the ultimate goal of maximising recovery for the bank. The role is responsible for providing technical expertise utilising various turnaround methodologies to develop, implement and monitor turnaround plans and rehabilitation strategies for private sector nonperforming loans.

Key Responsibilities
  • Manage complex, high value non-performing private sector / commercial loans by reviewing and assessing turnaround / workout alternatives and solutions to ensure that the most financially acceptable and appropriate recovery solution is found for the DBSA.
  • Provide support to Management (Investment Committee) and Board (Board Credit and Investment Committee) by providing bank wide advice on turnaround issues.
  • Provide inputs on the design and implementation of turnaround/recovery management solutions in order to build a sound platform for the recovery of DBSA non-performing loans.
  • Prepare, communicate and facilitate the use of appropriate turnaround and risk methodologies, tools and techniques for distressed and non-performing clients.
  • Work with other turnaround specialists within the Unit to maintain and improve the business rescue and turnaround capability within DBSA.
  • Maximise recoveries to the DBSA in as short a time as is reasonably possible.
  • Calculate Expected Credit Loss for Stage 3 Assets (non performing loans) within the portfolio under consideration.
Key Measurements of Outputs
  • Performance against agreed targets (value and number of Stage 3 Assets (NPLs) to be maintained within the DBSA prudential limit).
  • Performance outputs as per the performance management system.
  • Implementation and monitoring of turnaround/ business rescue plans.
  • Achievement of turnaround times stipulated.
  • Management of relationships with key stakeholders (internal and external).
  • Clean Audit.
Minimum Requirements
  • A minimum of a Bachelor's Degree in Finance or equivalent is required.
  • A minimum of between 5-10 years' experience in commercial/corporate business rescue, rehabilitation and turnarounds in a commercial banking and/or financial institutional environment.
  • A well-developed knowledge of business, management and finance philosophies, practices, etc.
  • Solid understanding of the relevant business legislative and policy framework; i.e. Basel II, GAAP, IFRS9, Companies Act etc.
  • Business Rescue/turnaround management experience and/or qualification.
  • Expert knowledge of credit risk and financial management principals and methodologies to lead private sector business rescue assignments in the DBSA.
  • Able to use technical and business understanding to assist with the rehabilitation of non-performing loans.
  • Able to apply a wide range of financial and risk assessment and mitigation techniques to the client's business operations.
  • Able to develop innovative solutions, identify new areas of opportunity, and identify, analyse and address the appropriate risks in order to rehabilitate the client.
  • Able to utilize complex influencing strategies for leverage.
  • Strong business acumen and strategic advisory experience.
  • Ability to facilitate, negotiate and communicate superbly at all levels.
  • Dealing with private sector / commercial workouts turnarounds – real examples will need to be provided.
  • Extensive experience of the legal process associated with workouts, business rescue and liquidations.
  • Experience in managing a team of workout specialists in a private sector environment.
Desirable Requirements
  • A post-graduate qualification such as CFA and/or financial or management qualification.
  • Credit Risk or Certified Rescue Analyst qualification.
Policy

The Development Bank of Southern Africa will endeavor to make appointments in line with its Employment Equity Policy and Plan. Applications from suitably qualified designated groups, especially people with disabilities, are encouraged.

The DBSA corporate culture fit requires clear, logical and analytical thinking grounded in good interpersonal skills, a sense of urgency and results orientated execution of duties. The ability to work collaboratively and finding practical yet innovative solutions is critical to success in a work environment that demands emotional resilience, accountability and responsible risk taking and management.

The DBSA reserves the right to amend or remove vacancies in line with organisational requirements.

All vacancies can be viewed on the DBSA website (www.dbsa.org) under Careers.

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