Turnaround and Workout Specialist

1 week ago

Sandton, Gauteng, South Africa Sanlam Full time R2 000 000 - R2 500 000 per year

Who are we?

Sanlam Investment Group

The Sanlam Investment Group is uniquely equipped and positioned to deliver on its purpose of empowering generations to be financially confident, secure and prosperous. Through our vast in-house expertise and strategic partner networks, we can access all asset classes across the globe, private and public, actively and passively managed, to develop investment solutions that are in our clients' best interests and have a positive impact on society. Backed by the Sanlam Group's balance sheet, the Sanlam Investment Group has a true competitive advantage in its ability to invest alongside clients, particularly in private markets where impact investing drives the agenda.

The Sanlam Investment Group is one of the largest, most diversified financial services and investment firms in Southern Africa with assets under management and administration of more than R2 trillion. It is a B-BBEE level 1 contributor and one of the largest black-empowered asset managers on the African continent.

Sanlam Alternative Investments (SAI)

The purpose Sanlam Alternative Investments (SAI) business is to help build the African continent and make a real sustainable difference in the emerging economies in which we operate in, aligning to the Sanlam Group's mission of financial inclusion. The SAI business has a broad range of capabilities that include Private Equity, Specialised Finance, Property, Infrastructure and Partnerships. Sanlam is the biggest non-banking financial institution on the continent, operating in Africa for over 100 years.

What will you do?

Responsible for managing distressed and non-performing credit exposures, leading restructuring negotiations, and developing recovery strategies that maximize value and minimize credit losses. This role is also responsible for finding innovative solutions for all stakeholders.

Responsibilities include:

  • Lead restructuring and workout of complex distressed credit investments across sectors.
  • Monitor restructured exposures and ensure adherence to revised terms.
  • Analyze financial statements and cash flow to assess restructuring feasibility.
  • Develop and execute restructuring plans to improve liquidity and financial stability.
  • Negotiate directly with borrowers, sponsors, and advisors to reach sustainable restructuring solutions (e.g., covenant waivers, debt-for-equity swaps, maturity extensions).
  • Collaborate with legal, credit risk, and external counsel to ensure compliance with regulatory and contractual frameworks.
  • Present restructuring strategies, risk assessments, and recommendations to senior credit committees.
  • Conduct asset sales or reorganizations to satisfy stakeholder interests.

Qualification and Experience

  • Relevant postgraduate qualification (e.g., Finance, Investment Management, Economics, Accounting).
  • CA(SA) and/or CFA designation preferred.
  • Significant experience (Minimum 10 years) in debt workouts and restructuring
  • Deep understanding of financial markets, lending practices, and accounting.
  • In-depth experience with corporate credit analysis, investment structuring, and portfolio risk oversight.
  • Strong understanding of debt syndications, private credit, and structured finance.
  • Familiarity with credit derivatives and synthetic exposures advantageous.
  • Strong financial modelling and valuation expertise.
  • Excellent negotiation and communication skills.

Personal Attributes

Manages complexity - Contributing strategically

Business insight - Contributing strategically

Action orientated - Contributing strategically

Plans and aligns - Contributing strategically

Ensures accountability - Contributing strategically

Build a successful career with us

We're all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Core Competencies

Being resilient - Contributing strategically

Collaborates - Contributing strategically

Cultivates innovation - Contributing strategically

Customer focus - Contributing strategically

Drives results - Contributing strategically

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensure a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.

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