Senior Associate: Development Debt Small

2 months ago


Sandton, South Africa IDC Full time

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

- CA (SA) or BCom Accounting with post graduate degree e.g. BCompt (Honours)
- BEng / BSc or similar qualification with Honours / post-graduate degree
- Post-graduate qualification such as MBA/MBL will be added advantage.
- Project Management Professional qualification (PMP).

**Knowledge and Experience**:

- Experience and knowledge in the portfolio management, restructurings, Due Diligence, draw downs and exit processes
- Accounting / relevant IFRS9, financial modelling and analysis experience will be an added advantage
- Experience in assessing the economic viability of businesses and/or projects
- Sound experience in a financial environment is essential
- 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 an advantage.
- Knowledge and/or understanding of BP strategic diagnostics would be an advantage
- Knowledge and experience on how to help BP’s execute value levers

**Roles and Responsibilities**
- Post investment and portfolio monitoring and management of allocated portfolio of complex, technical and/or high value business partners classified under the Small Debt Segment
- 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 impairment reviews and timeously prepare Business Partner credit quality assessment reports in accordance with the approved IDC guidelines and policies on allocated portfolio
- Schedule performance monitoring feedback sessions with investee companies on a regular basis.
- Identify Business Partners, where performance is not at the required level and develop a framework to ensure regular client visits occur and a diagnostics analysis is conducted to identify areas requiring improvement and specialized assistance and intervention.
- 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.
- Collate and analyse business partner performance data to develop a high-level Value Creation Plan, assess business partner performance relative to value creation plan and identify when additional support is required
- Identify strategic data to be collected from Business Partners to actively monitor and evaluate the implementation of such strategic initiatives.
- To provide continuous technical guidance to fellow team members in all key areas of their responsibilities.
- Prepare and present credit submissions (amendments, condonations, restructurings etc.) to the relevant credit committees.
- To ensure that all necessary amendments and approvals required during the life span of the Business Partner are timeously and adequately executed and ensuring that the BP meets contractual obligations and follows up if Business Partners are in breach
- Assist the Manager in other duties related to the departmen to ensure that all exit processes and other calculations on allocated portfolio of business partners are properly executed, working closely with e.g Corporate Treasury and Financial Management Depts and other support departments.
- To monitor and timeously report on undrawn facilities on the allocated portfolio of business partners (where applicable), including the collection of data that is to be captured by the back office
- To promptly monitor all payments due to IDC including interest, capital, dividends, fees etc. on allocated portfolio of business partners.
- To analyse financial information from allocated large Business Partners on a regular basis and assess the need for initiating intervention based on the analysis.
- Working closely with large business partners in identify areas for growth and value creation and monitoring the implementation of the value creation strategy of the investee companies.
- To work closely with the Boards and Management teams of the investee companies to ensure that the Business Partners under management are profitable.
- Work closely with other members of the IDC team to ensure that the investee companies under management achieve their stated targets and forecasts.
- Prepare portfolio reports as and when required on the portfolio under management and present to all relevant portfolio risk management committees.
- Required to travel extensively as and when required.

**Job Requirements**
TECHNICAL COM



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