Senior Specialist- Turnaround
3 days ago
**Finance**
**JHB North**
***:
**OUTLINE**
**SENIOR SPECIALIST- TURNAROUND**
**PERMANENT**
**JOHANNESBURG NORTH**
**SALARY - MARKET RELATED**
**Division** - Client Support and Growth / Business Advisory and Turnaround Services
Client Management
**EDUCATION LEVEL **- Honours Degree
**JOB DESCRIPTION**:
A Senior Specialist Turnaround within the Business Advisory & Turnaround Services Department.
**JOB PURPOSE**
To provide advice to clients, depicting early warning signs of distress, which assists in curbing further distress, and craft and monitor implementation of turnaround solutions for distressed clients.
**KEY RESPONSIBILITIES**
- Planning and executing the Turnaround and Restructuring of clients experiencing distress
- Carrying out Business Reviews to ascertain whether clients have the potential of becoming
operationally and financially viable.
- Determining the optimum Turnaround solutions that will improve the company’s viability,
- Determining the optimum Financial Restructuring intervention that can implement to support the Turnaround strategy e.g., restructuring of the company’s repayment terms, conversion of debt to equity, injection by the organization of additional funds, finding third parties to inject additional funds, etc.
- Safeguarding the company’s Security position through maintaining and/or improving the recoverability of the company’s exposure,
- Drafting and presenting submission reports to various decision-making committees,
- Reviewing drafted legal agreements to ensure they capture the company’s credit committee approval,
- Closely monitoring the implementation of the Turnaround strategy through attending Steerco/
Manco; 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;
- Providing support to sector SBUs/PIMD in respect of their clients who are showing signs of potential
financial failure
- Attending and contribute to the monthly Business Advisory & Turnaround Portfolio Management
meetings
- Providing efficient service to both internal and external stakeholders/clients
JOB REQUIREMENTS:
EXPERIENCE:
- At least 8-10 years’ experience in a Turnaround and Restructuring environment - businesses experiencing distress.
- knowledge of business and the diversity of risks that may affect businesses.
- Good understanding of different types of security.
- Good working knowledge of Company, Contract, Taxation, IFRS and Insolvency legislation.
- Industry standards, technology trends and best practices
**TECHNICAL/FUNCTIONAL COMPETENCIES**
- Problem Solving
- Business acumen
- Report writing Skills
- Project Management Skills
- Communication & Influence
- Analytical Skills
- Formulating strategies and concepts.
- Assess both the operational and financial viability of businesses
- Strong financial modelling/analysis skills
**BEHAVIOURAL COMPETENCIES**
- Coping with Pressures and Setbacks
- Conflict Management
- Persuading and influencing
- Planning and Organizing
- Communication Skills
- Interpersonal Skills
- Deciding and Initiating
- Self-motivated and self-driven skills
**QUALIFICATIONS (Formal qualifications)**
- BCom with post graduate degree: MBA / MBL
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