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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