Senior Associate- Growth Catalyst at Industrial Development Corporation

Qualification and Experience

Qualifications:

• Post graduate degree in commerce or engineering (with exposure to finance) discipline
• MBA/MBL/CFA or CA (SA) would be an added advantage.

Knowledge and Experience

• The candidate should at least have 8 to 10 years of relevant experience in post investment monitoring or portfolio management.
• Experience in a private equity environment will be an added advantage.
• Experience working in Portfolio Management environment for a financial institutions
• Experience working in a high-level collaborative environment.
• Ability to manage multiple competing priorities while building effective relationships.
• Thorough understanding of developing Value Creation activities
• Extremely organized and persistent, with drive and determination to achieve goals.
• Experience in due diligence, drawdowns and exit process of investments is essential.
• Strong financial management covering financial analysis and financial modelling
• Prior experience in the manufacturing, tourism and Agro sectors will be an added advantage.

Roles and Responsibilities

• Post investment and portfolio monitoring and management of allocated portfolio of complex and technical business partners.
• Working closely with business partners in identify areas for growth and value creation, crafting and monitoring the implementation of the value creation plans of the investee companies.
• Conduct regular business partner reviews including client visits and assigning of risk rating, and risk staging to business partners.
• Periodically conduct fair values of equity investments and impairment reviews in accordance with the approved IDC guidelines and policies on allocated portfolio of complex, technical and high value business partners.
• In collaboration with the business partner management team, define KPI’s and design dashboards to collect data for progress monitoring of such KPI’s.
• Frequent collection of data for monitoring of VC Plans and reformulating the strategic initiatives if / when required.
• Build sound relationships with business partner management teams and board through regular visits to business partners.
• Ensure value creation plans are crafted to generate revenue growth and contain and manage costs in order to improve EBIT.
• Proactively identify early warning signals and initiate appropriate intervention processes where necessary, exercising step-in rights early to limit potential losses.
• Provide non-financial value add to business partners through access to connections and resources, providing market insights and proprietary insights required to assist the Business Partner to grow – opportunity to utilize the services of Capability Sourcing in such instances.
• Monitor strategic initiative through data insights, dashboards and reports to identify deviations from agreed plans and take appropriate action.
• Collaborate with Business Units to obtain expert insights relative to specific Business Partner sectors.
• Assisting with IDC cashflow management (including input of timeous collections encompassing accurate forecasting of collections measured against actual performance).
• Implement and manage a process for forecasting Business Partner dividend payments and future projections and variants on dividend income to determine contribution to IDC funding.
• Obtain/Research and analyze market, industry, and financial reviews to gain insights and trends to identify growth opportunities and areas of concern.
• Ensure that all necessary amendments to contracts during the life span of the business partner are adequately executed.
• Monitor and timeously report on undrawn facilities on the allocated portfolio of business partners.
• Ensure that all exits processes i.e., early settlement, IRR and other calculations and release of security on allocated portfolio of business partners are properly executed.
• Promptly monitor all payments due to IDC including interest, capital, dividends, fees etc. on allocated portfolio of business partners
• Analyze financial information from allocated business partners on a regular basis and assess the need for initiating intervention based on the analysis.
• Work closely with the boards and management teams of the investee companies to ensure that the business partners under management are profitable.
• Monitor and evaluate that proper governance structures exist and are being applied.
• Work collaboratively with members of the IDC teams to ensure that the investee companies under management achieve their stated targets and forecasts

Roles and Responsibilities (cont.)

• Prepare portfolio reports as and when required on the portfolio under management.
• Provide continuous technical guidance to fellow team in all key areas of their responsibilities.

Job Requirements

TECHNICAL COMPETENCIES

• Value Creation Planning
• Portfolio Management
• Analytical/Diagnostic Skills
• Financial Analysis
• Financial modelling
• Business/Commercial Acumen
• Client Insights & Focus
• Formulating strategies and concepts
• Report writing Skills.
• Project Management Skills
• Problem Solving
• Creating & Innovating

BEHAVIOURAL COMPETENCIES

• Good Communication Skills
• Self-motivated
• Coping with Pressures and Setbacks
• Negotiating & Influencing
• Deciding and initiating.
• Stakeholder Management
• Planning and organizing