Commercial Restructuring Specialist
4 days ago
At IDC, we are seeking an experienced Commercial Restructuring Specialist to join our team in Gauteng. As a key member of our restructuring department, you will play a vital role in helping businesses overcome financial difficulties and achieve long-term sustainability.
Estimated Salary: R 850,000 per annum (based on industry standards for this role in Gauteng)
About the RoleWe are looking for a highly skilled professional with extensive experience in commercial restructuring, business rescue, and recoveries. Your expertise will be invaluable in formulating efficient restructuring and repayment arrangements for clients in distress.
Main Responsibilities:
- Review and consider settlement/restructuring proposals from clients, and develop tailored solutions to address their financial challenges.
- Support colleagues in negotiating settlement/restructuring proposals with clients, ensuring mutually beneficial outcomes.
- Prepare comprehensive reports for committees on the feasibility of proposed restructuring plans, providing expert analysis and recommendations.
- Conduct thorough business reviews and site visits to assess client operations and identify areas for improvement.
- Maintain and enhance IDC's collateral to maximize recovery potential.
- Provide credit risk support to colleagues by analyzing client financial statements and management accounts, informing committee submissions.
- Review legal agreements from a financial and credit risk perspective, ensuring alignment with IDC's objectives.
- Monitor clients in distress, ensuring proactive engagement and effective resolution strategies.
Requirements and Qualifications:
- Commercial qualifications (e.g., BCom with postgraduate degree: MBA / MBL/CFA)
- Minimum 5-7 years' experience in a restructuring environment, with exposure to business rescue matters, legal agreements/litigation, collaterals, and credit committees in financial institutions.
IDC is a leading organization committed to supporting businesses in achieving long-term success. Our team of experts works tirelessly to provide innovative solutions and exceptional service to our clients.
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