Senior Manager: Enterprise Finance

Overview:

The successful candidate will be responsible for:

• leading, managing and co-ordinating the provision of enterprise finance services in the organisation, constituting long and short-term loans, risk capital, micro-lending, and third-party funding to promote access to finance by businesses, with a view to advancing the growth and development priorities of the Eastern Cape province.

• the design of responsive enterprise finance products and provision of related support services

• the design and management of processes and systems relating to loan applications, processing, approvals, feedback management, pay-outs, collections, monitoring and reporting.

• functions relating to support services, such as the design and formulation of governance and administrative systems required for the effective rendering of enterprise finance services

• overseeing client contracting and management of securities relating to approved loans

• managing the performance of the loans book, particularly matters relating to collection and impairment rates.

Minimum requirements:

• Degree in Commerce (Business Management / Economics/ Finance /etc.) or Development or Entrepreneurship studies
• Relevant post-graduate qualification
• Minimum of 10 years working experience of which 5 years should be at an enterprise finance, SMME support or economic development environment at a middle management or senior consultancy level.

The Key Performance Areas will encompass:

Strategic Planning and Governance

• Provide input to the organisational strategy and Corporate Plan.
• Provide input into reviewing organisational activities and assist in recommending corrective actions if necessary.
• Develop unit operational plans and align all activities undertaken in the unit to ensure delivery of corporate objectives.
• Enhance and implement treasury regulation systems, processes, procedures, tools, and control systems.
• Ensure monthly, quarterly, and annual reports are prepared accurately, maintained, and submitted timeously to all stakeholders.
• Implement controls within the section which minimize potential risk to stakeholders.
• Manage preparation and support of all internal and external audits.
• Participate in management forums within the organisation, contributing expertise to enable sound decision making.
• Facilitate departmental communication through appropriate structures and systems.
• Develop and manage relationships with all internal and external stakeholders.

Provision of management and oversight of funding solutions.

• Design and package relevant funding solutions to address the financial needs of businesses/SMMEs including the following:

1. Short- and long-term loan products
2. Risk capital
3. Partneships and resource mobilisation
4. Micro- lending .

• Monitoring of the implementation of the loan security regime.
• Manage and oversee the provision of funding solutions to improve the sustainability of businesses.
• Develop and ensure that loan collection management is undertaken.
• Develop loan security regime and due diligence framework for all products.
• Develop loan monitoring framework and its implementation and ensure safeguarding of all security documents for the portfolio.

Development of policies, procedures, and systems for all funding products

• Develop funding frameworks for the funding solutions and ensure compliance with the relevant legislation for all enterprise finance products.
• Develop Standard Operating Procedures for all products.
• Design and formulate governance and administrative systems required for the effective rendering of enterprise finance services.
• Oversee the productivity activities of businesses which includes conducting feasibility studies, listing targeted markets, and setting business goals.

Portfolio Management and Aftercare

• Oversee the loan portfolio monitoring and aftercare services on all approved financial products.
• Oversee the provision of pre-investment business needs analysis, identify key support interventions and ensure implementation of those interventions post-investment by the organisation
• Oversee the management of workouts / restructuring of funded businesses and monitor follow-up and recovery of funds disbursed.
• Establish partnerships with institutions to increase access to financial services for enterprises and for the roll out of the enterprise finance programmes.
• Oversee credit control, collections, and portfolio performance to ensure that financial services are provided and managed to optimise entrepreneurship and sustainable livelihoods.
• Ensure provision of monthly reports and facilitate corrective measures if required.

Budget Management of Unit

• Manage, control the capital and operational budget of the Unit to ensure effective and efficient functioning within budgetary constraints of the organisation.
• Evaluate the unit’s performance against the approved budget and addressing deviations/variances.
• Monitor, recommend and implement corrective measures to rectify deviations/acts contrary to budgetary provisions, financial regulations, audit requirements and departmental procedures.
• Authorise requisitions, payments, etc. regarding expenditure as delegated.
• Prepare and present reports detailing the status of expenditure and availability of funds for current and short-term interventions.
• Prepare budget transfer requests and submit for approval.
• Sound planning and forecasting of capital expenditure within area of responsibility.

People Management

• Assign responsibilities and ensure effective task authorisation protocols are in place.
• Implement staff development and training to achieve overall organisational objectives.
• Develop and implement succession plans.
• Adhere to employment equity and recruitment policies.
• Manage the performance of direct and indirect reports in accordance with the organisation's performance management policy and procedure.
• Identify training and development needs, implementing plans to address requirements, as appropriate.
• Manage discipline and absenteeism in accordance with organizational codes and procedures.
• Motivate staff through the implementation of various reward mechanisms."

Development of policies, procedures, and systems for all funding products

• Develop funding frameworks for the funding solutions and ensure compliance with the relevant legislation, inclusive of the following categories:

1. Short- and long-term loan products
2. Risk capital
3. Partnerships and resource mobilisation
4. Micro lending"

• Develop Standard Operating Procedures for all products.

Customer and Stakeholder Management

• Conduct stakeholder mapping and relationship building sessions for purposes of establishing expectations and feedback on the organisation's regional performance.
• Build and lead an effective team that works collaboratively with others toward achieving organisational goals.
• Gauge the performance of various teams and recommend areas that need improvement and changes to achieve the expected targets.
• Identify and facilitate staff development and training interventions to achieve overall organisational objectives.
• Provide exemplary advice and support to the CEO, Board and Senior Management team in relation to stakeholder engagement issues and activities.
• Arrange, attend, and contribute to meetings with key stakeholders and manage expectations.