Associate: Development Debt Large

2 weeks ago


Sandton, South Africa IDC Full time

To ensure the correct and timeous implementation of approved transactions and proactive the management of Business Partners with the view of enhancing portfolio management by focusing on support, value add and growth and optimizing cashflow collection, where relevant and protection of IDC’s interests.
**Qualification and Experience** Qualifications**:

- BCom Accounting with post graduate degree e.g. BCompt (Honours) or BSC engineering or similar 4-year undergraduate qualification with finance experience.
- CA (SA) would be an advantage

**Knowledge and Experience**:

- Experience and knowledge in the portfolio management, restructurings, Due Diligence, drawdowns processes.
- Accounting / relevant IFRS9, financial modelling and analysis experience will be an added advantageous.
- Experience in assessing the economic viability of businesses and/or projects
- Skills in respect of the analysis and interpretation of financial statements
- Sound knowledge of business and the diversity of risks that may affect businesses
- Good understanding of different types of security
- Understanding of Economic trends would be an advantage
- Project management experience will be advantage.
- Knowledge and/or understanding of BP strategic diagnostics would be an advantage
- Sound experience in a financial environment is essential
- Knowledge and experience on how to help BP’s execute value levers

**Roles and Responsibilities**
- Allocation of business partners portfolios to manage, some of which may be complex, technical and/or high value Business Partners.
- Ensure proper handover of Business Partners from the respective SBU is completed and all key priority and risk arears are discussed during the handover meetings
- Periodically conduct SPPI (e.g. loans) impairment reviews and timeously prepare Business Partner credit quality assessment reports in accordance with the approved IDC guidelines and policies on allocated portfolio Business Partners.
- Identify Business Partners, where performance is not at the required level and develop a framework to ensure regular client visits occur and a diagnostic analysis i conducted to identify areas requiring improvement and specialized assistance and intervention.
- Schedule performance monitoring feedback sessions with investee companies on a regular basis.
- Ensure that monitoring and counselling services are provided on Value Creation levers in accordance with the Value Creation Plans and that Business Partners meet the contractual and underwriting obligations.
- Proactively identify early warning signals and initiate appropriate intervention processes where necessary.
- To ensure that all necessary amendments to contracts during the life span of the Business Partner are timeously and adequately executed.
- To ensure that all exit processes i.e. early settlement, IRR and other calculations and release of security on allocated portfolio of business partners are properly executed.
- To promptly monitor and follow-up all payments due to IDC including interest, capital, dividends, fees etc. on allocated portfolio of business partners.
- To focus on collection inflows from business partners and monitoring forecasts against actual performance.
- To analyse financial information from allocated business partners on a regular basis and assess the need for initiating intervention based on the analysis.
- To ensure maximising of IDC value and limiting losses by being considerate of eventual exiting of investments where relevant.
- To focus on enhanced portfolio management and by focusing on value add and growth of IDC’s clients and optimised cashflow collection, where relevant while at the same time ensuring protection of IDC’s interests.
- To assist in refining and adopting the evolving debt as set out.
- From time to time to be involved in department and organisation wide initiatives linked to the department’s function.
- Prepare portfolio reports as and when required on the portfolio under management and present to all relevant portfolio risk management committees.
- Prepare and present credit submissions (amendments, condonations, restructurings etc.) to the relevant credit committees.

**Job Requirements** TECHNICAL COMPETENCIES**
- Portfolio Management
- Customer Insight & Focus
- Formulation of Strategies & Concepts
- Stakeholder Management
- Financial modelling
- Business/Commercial Acumen
- Report writing skills
- Value Creation Planning
- Problem Solving
- Analytical & Diagnostic Skills
- Project Management Skills
- Consulting Skills
- Report writing skills

**BEHAVIOURAL COMPETENCIES**
- Negotiating & Influencing
- Credible Activist
- Deciding and Initiating.
- Planning & Organizing
- Coaching and mentoring
- Presentation and communication skills
- Negotiating & Influencing
- Coping with Pressures and Setbacks

Job Reference: IDC00420



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