Senior Specialist- Business Rescue

3 months ago


Sandton, South Africa IDC Full time

To provide advice to clients depicting early warning signs of distress, assist in curbing further distress; and where distress is encountered, influence and monitor implementation of solutions for distressed clients that are either going through Business Rescue or require Business Rescue intervention in order to prevent further deterioration.
**Qualification and Experience** Qualifications**:
Minimum requirements:

- Commercial qualifications e.g. BCom with post graduate degree
- MBA / MBL would be an advantage

**Knowledge and Experience**:

- At least 8-10 years’ experience in a Turnaround and Restructuring environment - businesses experiencing distress.
- Experience in Business Rescue advisory
- Knowledge of business and the diversity of risks that may affect businesses.
- Good understanding of different types of security.
- Good working knowledge of Chapter 6 in the Company’s Act, Contract, Taxation, IFRS and Insolvency legislation.
- Good knowledge of Industry standards, technology trends and best practices

**Roles and Responsibilities**
- Provide advice and support to Sector Business Units (SBUs) and Post Investment Segments in respect of clients who are showing early signs of operational and/or financial stress.
- Assist in recommending the suitable Business Rescue Practitioner
- Attend all meetings to do with the specific Business Rescue process
- Plan and execute the Business Rescue process of IDC clients experiencing distress through:

- Carry out Business Reviews to 1) diagnose cause of distress and 2) ascertain reasonable prospect of client becoming operationally and financially viable;
- Determine the optimum Rescue solutions that will improve the company’s viability,
- o Determine the optimum Financial/non-financial Restructuring intervention that can be implemented to support the Rescue strategy
- Influence the Business Rescue process for the benefit of the IDC;
- Evaluate Business Rescue plan presented by the Business Rescue Practitioner and recommend changes;
- Safeguard IDC’s Security position through maintaining and/or improving the recoverability of IDC’s exposure,
- Draft and present submission reports to various decision making committees,
- Review drafted legal agreements to ensure they capture the IDC credit committee approval
- Closely monitor the implementation of the Business Rescue strategy through attending Creditors meetings; 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;
- Attend and contribute to the monthly Business Advisory & Turnaround Portfolio Management meeting
- Prepare and present regular monitoring submissions to Portfolio Monitoring Committee
- Provide efficient service to both internal and external stakeholders/clients

**Job Requirements** TECHNICAL COMPETENCIES**
- Business Turnaround & Rescue
- Financial modelling
- Analytical/Diagnostic Skills
- Business/Commercial Acumen
- Problem Solving/Solution Generation
- Client Insights & Focus
- Formulating strategies and concepts
- Report writing Skills
- Project Management Skills
- Stakeholder Management

**BEHAVIOURAL COMPETENCIES**
- Communication & Presentation skills
- Creating & Innovating
- Coping with pressure & set backs
- Planning & Organising
- Negotiating & Influencing
- Networking Skills
- Results Driven
- Coaching & Mentoring
- Deciding & Initiating

Job Reference: IDC00387



  • Sandton, South Africa Adcorp Holdings Full time

    **Synopsis** Are you a seasoned professional with a passion for turning businesses around? Our client is seeking a dynamic individual to join our team as a **Senior Specialist: Business Rescue.** **Qualification and Experience** - Commercial qualifications (e.g., BCom) with a postgraduate degree. - MBA/MBL would be advantageous. - Certificate in Business...


  • Sandton, South Africa IDC Full time

    To provide advice to clients depicting early warning signs of distress, assist in curbing further distress; and where distress is encountered, influence and monitor implementation of solutions for distressed clients that are either going through Business Rescue or require Business Rescue intervention in order to prevent further deterioration. **Qualification...


  • Sandton, South Africa Jobted ZA C2 Full time

    To assess clients in distress, review restructuring/settlement proposals from clients and provide suitable restructuring and repayment profiles, review financial statements/management accounts and provide advice to the team regarding financial position of the clients and financial ability to commit to restructured repayment arrangements, manage clients in...


  • Sandton, South Africa TalentCru Full time

    To assess clients in distress, review restructuring/settlement proposals from clients and provide suitable restructuring and repayment profiles, review financial statements/management accounts and provide advice to the team regarding financial position of the clients and financial ability to commit to restructured repayment arrangements, manage clients in...


  • Sandton, South Africa IDC Full time

    To assess clients in distress, review restructuring/settlement proposals from clients and provide suitable restructuring and repayment profiles, review financial statements/management accounts and provide advice to the team regarding financial position of the clients and financial ability to commit to restructured repayment arrangements, manage clients in...


  • Sandton, South Africa TalentCru Full time

    To assess clients in distress, review restructuring/settlement proposals from clients and provide suitable restructuring and repayment profiles, review financial statements/management accounts and provide advice to the team regarding financial position of the clients and financial ability to commit to restructured repayment arrangements, manage clients in...


  • Sandton, South Africa TalentCru Full time

    To assess clients in distress, review restructuring/settlement proposals from clients and provide suitable restructuring and repayment profiles, review financial statements/management accounts and provide advice to the team regarding financial position of the clients and financial ability to commit to restructured repayment arrangements, manage clients in...


  • Sandton, South Africa Nefcorp Full time

    Job category: Banking, Finance, Insurance. Stockbroking Contract: Fixed Term Contract Remuneration: Market Related EE position: Yes Introduction The National Empowerment Fund is looking for a Senior Investment Associate who will join our Turnaround, Workout and Restructure (TWR) team on a fixed-term contract. The successful candidate will provide...

  • Senior Legal Advisor

    2 months ago


    Sandton, South Africa TalentCru Full time

    Job DescriptionJob Title: Senior Legal Advisor - High-Risk Mitigation SpecialistJob Summary: We are seeking a highly skilled Senior Legal Advisor to provide sound, clear, and accurate legal advice to mitigate legal risks that the organization is exposed to in its daily activities.Key Responsibilities:Provide general legal advice, including legal...


  • Sandton, South Africa Capital Recruit Full time

    Job Title: Senior Business Development SpecialistAbout the Role:We are seeking a highly skilled and experienced Senior Business Development Specialist to join our team at Capital Recruit. The ideal candidate will have a strong background in sales and account management within a technology environment.Key Responsibilities:Develop and implement proactive...

  • Senior Legal Advisor

    4 months ago


    Sandton, South Africa IDC Full time

    To provide sound, clear and accurate legal advice to mitigate the legal risks that the IDC is exposed to in its daily activities. **Qualification and Experience** Qualification** - Law degree and Admission as an Attorney essential - Master’s degree such as LLM desirable **Knowledge & Skills** - A minimum of five years’ post-article experience in the...


  • Sandton, South Africa Dante Personnel Full time

    Minimum requirements: NQF qualification/diploma would be advantageousMust be able to fully communicate in English and Afrikaans to clients, attorneys, tracing agents and strategic partners3 - 5 years experience in debt collection or credit control2 - 3 years experience with Credit Insurance would be beneficialExperience in a legal firm would be a great...

  • Senior Legal Advisor

    7 months ago


    Sandton, South Africa IDC Full time

    To provide sound, clear and accurate legal advice to mitigate the legal risks that the IDC is exposed to in its daily activities. **Qualification and Experience** Qualification** - Law degree and Admission as an Attorney essential - Master’s degree such as LLM desirable **Knowledge & Skills** - A minimum of five years’ post-article experience in the...


  • Sandton, South Africa Dimension Data Full time

    Job DescriptionWe are seeking a skilled Senior Business Intelligence Specialist to join our team at Dimension Data.Key Responsibilities:Analyze and interpret purchasing data to identify automation opportunities.Collaborate with high-volume requisitioners to understand the requisitioning process and identify improvement opportunities.Provide ongoing training...


  • Sandton, South Africa Absa Bank Limited Full time

    Empowering Africa’s tomorrow, together one story at a time. - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. Job...

  • Senior Legal Advisor

    2 weeks ago


    Sandton, South Africa Jobted ZA C2 Full time

    JOB PURPOSE To provide sound, clear and accurate legal advice to mitigate the legal risks that the organisation is exposed to in its daily activities.  Qualifications -  Law degree and Admission as an Attorney essential -  Master’s degree such as LLM desirable Knowledge and Experience - A minimum of 5 years’ post-article experience...

  • Tax Specialist

    4 months ago


    Sandton, South Africa IDC Full time

    The tax specialist role exists to provide expert tax advisory services, focusing on tax planning, equity and loan deal structuring, and cross-border investments locally as well as in Africa. The role includes evaluating the impact of new projects, liaising with external tax experts, and ensuring optimal tax strategies for the company. Additionally, the...

  • Senior Legal Advisor

    2 weeks ago


    Sandton, South Africa IDC Full time

    **Job Description** JOB PURPOSE** To** **provide sound, clear and accurate legal advice to mitigate the legal risks that the IDC is exposed to in its daily activities. **Qualification and Experience** Qualifications** - Law degree and Admission as an Attorney essential - Master’s degree such as LLM desirable **Knowledge and Experience** - A minimum of 5...

  • Senior Legal Advisor

    4 months ago


    Sandton, South Africa IDC Full time

    To provide sound, clear and accurate legal advice to mitigate the legal risks that the IDC is exposed to in its daily activities. **Qualification and Experience** Qualification** - Law degree and Admission as an Attorney essential - Master’s degree such as LLM desirable **Knowledge & Skills** - A minimum of five years’ post-article experience in a...

  • Senior Legal Advisor

    3 weeks ago


    Sandton, South Africa TalentCru Full time

    To provide sound, clear and accurate legal advice to mitigate the legal risks that the organization is exposed to in its daily activities.QualificationLaw degree and Admission as an Attorney essentialMasterâ€TMs degree such as LLM desirableKnowledgeSkillsÂA minimum of five yearsâ€TM post-article experience in a banking and finance/corporate...