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 competitive and innovative solutions to rehabilitate businesses in distress and protect the interests of the NEF’s investment.
Debt Restructuring
- Restructure the exposure of clients that are experiencing financial difficulties where such businesses have long-term financial viability and where liquidation is not a beneficial solution.
- Restructure the companies and reduce the significant impairments and / or write-offs.
- Establish the nature of the problem and develop a restructuring plan.
- Review and monitor the businesses financial performance.
- Review and monitor the collections.
- Interface with other stakeholders for decision making.
Turnarounds - Develop the turnaround strategies.
- Monitor the implementation of the turnaround plan.
- Introduce investors or strategic partners into a business that is facing financial difficulties where such investors or strategic partners can add value and turnaround the company.
Business Rescue - Attend to all business rescue proceedings and advice on the acceptance of the business rescue plan.
- Monitor the implementation of the Business Rescue Plan.
- Ensure that early warnings signs and other key risks factors are proactively identified.
- Follow up and implement the recommendations of the internal and external audit findings.
Reporting - Prepare a restructuring proposal.
- Present the proposal to relevant credit committees for approval.
Monitor the restructured portfolio and IA’s output - Manage/ monitor the non-performing loans until these loans have been rehabilitated or until the non-performing loans have been transferred to Legal.
- Oversee the output and quality of work of the various IA’s in TWR and ensure that transactions are managed well and actioned timeously.
Qualifications - CA (SA) or BCom Accounting with postgraduate degree e.g. BCompt (Honours) or a relevant 4-year financial tertiary education or equivalent.
Experience - At least 5 years’ experience in corporate restructurings and turnarounds.
- Credit experience is essential, including corporate restructurings and financial analysis.
Personal Attributes/Behaviours/Attitudes - The ability to plan, organise, lead and control in the work environment to achieve the business objectives,
- The ability to communicate effectively and efficiently at all levels in the organisation,
- The ability to negotiate with role players and arrive at a win-win situation in the best interest of the organisation and the negotiating party,
- The ability to understand the problem/situation, evaluate alternatives and take timely action, which will enhance the performance of the organisation,
- The ability to plan and execute projects,
- The ability to analyse the position of a business related to the financial position and business viability to enable appraisal of the business for purposes of future existence and requirements in terms of business and economic viability,
- The ability to utilise the correct computer software and the relevant functionality applicable to the outcomes required,
- The ability to interact with people at all levels in the organisation,
- The ability to compile a business proposal inclusive of the business case and financial model and motivation for the pursuance of the business venture,
- The ability to restructure debt to ensure maximum benefit to all stakeholders involved,
- Innovation and idea generation,
- Ability to think strategically and “out of the box”,
- Highly motivated and confident individual,
- Proven ability to multitask and ensure effective delivery of the priorities to meet targets and objectives and able to work effectively under pressure.
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