Job Opportunities at Industrial Development Corporation

Qualification and Experience

Qualifications:

• LLB/ B. Com or equivalent qualification. 
• Accredited or certified member of the Compliance Institute of South Africa (CISA).
• A Certificate in Anti-Money Laundering Control.
• CAMS Certification or a Certificate in Compliance Management will be an added advantage.

Knowledge and Experience:

• At-least 5-8 years’ experience in anti-money laundering compliance management environment.
• Sound experience in report writing and presentation skills.
• Knowledge of  the Siron System will be an added advantage.
• Experience developing and implementing compliance programs

Roles and Responsibilities

• Assist in the development of compliance initiatives and programs to comply with the respective money laundering legal, licensing, and regulatory obligations
• Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
• Improve and maintain AML/CTF policies and procedures
• Aid in the improvement of tools to monitor, analyse, and report suspicious activity
• Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place
• Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF
• Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions
• Provide oversight to the operational team, which acts as the first line monitors and investigators of suspicious activity
• Ensure consistent and timely feedback on cases that have been escalated
• Liaise with management to develop investigative strategies
• Develop and participate in compliance programs and initiatives
• Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted
• Ensure detailed and prompt investigation of all AML/CTF incidents and cases
• Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps
• Develop and execute face-to-face / virtual training for staff in various business units as required
• Aid in general compliance awareness and refresher training

Job Requirements

TECHNICAL/FUNCTIONAL COMPETENCIES

• Team player with the ability to work unsupervised
• Exceptional analytical and investigative skills
• Strong project management skills
• Willingness to work on various compliance issues
• Must be able to adapt to working in a fast-paced environment
• Excellent verbal and written communication skills
• Exceptional presentation skills
• Strong organization skills and attention to detail 
• Stakeholder Engagement Skills
• Negotiating and Influencing

BEHAVIOURAL COMPETENCIES

• Attention to detail. 
• Highly Ethical and integrity. 
• Good Communication skills

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Qualification and Experience
Qualification

• Law degree and Admission as an Attorney essential
• Master’s degree such as LLM desirable

Knowledge & Skills 

• A minimum of five years’ post-article experience in the financial services industry
• 2-3 years working experience in the banking and finance/SoE/DFI (restructuring, turnaround & business rescue) space is essential
• Experience in the drafting, review, negotiation and re-negotiation of cross-border, project finance, corporate, commercial, structured and re-structured finance transactions
• Understanding of the PFMA in particular its application to Schedule 2 SOEs, PFMA Treasury acquisition notifications, competition commission  acquisitions notifications, fund management/investment

Roles and Responsibilities

• Provide general legal advice, including legal research
• Structure, restructure, negotiate and re-negotiate corporate and commercial transactions including project finance and cross-border financing transactions
• Identify, evaluate and structure import and export finance transactions
• Ensure compliance with internal legal and other IDC procedures and policies
• Identify and minimize potential legal risks
• Draft, review, negotiate and re-negotiate financing agreements and other legal documentation
• Make presentations and opine on legal and regulatory developments
• Conducting legal due diligence investigations
• Ensure efficiencies aimed at improving client satisfaction by providing efficient legal services 
• Developing and maintaining relationships with providers of legal services (including, external legal counsels, business rescue practitioners and other key stakeholders)
• Develop and maintain client and institutional relationships, internally, locally and internationally

Job Requirements

TECHNICAL/FUCNTIONAL COMPETENCIES

• Sound corporate and commercial legal knowledge
• Ability to work independently and within a team
• Draft and negotiate loan agreements and other legal documentation
• Transactional negotiations at senior level
• Excellent analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Independent judgement and good analytical skills
• Capable of working in a high-pressured environment and can exercise independent judgement
• Ability to prioritize and plan
• Ability to independently provide guidance and timeous delivery on highly complex projects
• Ability to coach and mentor juniors on areas of specialization
• Good knowledge and understanding of international and local financing instruments

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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

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Qualification and Experience

QUALIFICATIONS:

• Minimum qualification: relevant commercial honours degree
• An additional qualification for e.g. CA, MBA/MBL would be an advantage.

KNOWLEDGE & EXPERIENCE:

• 8-10 years related experience of which 8 years should be in deal assessment as well as closing of transactions
• Declared competent or working towards three due diligence disciplines (Marketing, Technical and Financial)
• Knowledge in assessing all associated issues in a transaction (Legal, risks, etc.)
• Experience in peer reviews
• Experience in complex financial modeling and interpretation thereof
• Experience in interpretation and analysis of financial statements
• Knowledge of the process and assessment of the market environment and technology landscape
• Knowledge of financing instruments (i.e. grants and concessional funding structures)
• Understand review and assessment of feasibility of models of proposed financial structures
• Experience in presenting applications for approval to investment committees
• Negotiation of legal agreements and implementation thereof
• Competent in coaching and mentoring of team members.

Roles and Responsibilities

Financial / Shareholder Returns

• Ensure financial soundness of all credit submissions.
• Ensure financial and developmental reporting to stakeholders are timeous and accurate.
• Develop/input into financial models

Internal / Operational Processes

• Manage end-to-end application and submission process
• Evaluate applications for finance (financial, technical and marketing disciplines)
• Conduct and/or manage due diligence on applications in line with the Department’s Standard Procedures.
• Designing and negotiating the financial and legal relationship between the client and IDC for the specific deal.
• Risk identification and mitigation
• Deal optimization - ensuring that the deal is aligned with the strategic objectives of the Department and will contribute to meeting industry development goals
• Support the development and implementation of strategies or action plans to drive the Department’s strategic objectives.
• Account management function up to first drawdown
• Prepare well written and motivated reports for presentation to the relevant approval Panel and any other Panel as may be required.
• Conduct peer reviews on all due diligence disciplines.
• Monitor deals post implementation i.r.o reporting, M&E and any other information that may be required by the Department.
• Training, mentoring and coaching of Account Managers
• Provide guidance to Business Analysts and Dealmakers in the handling of enquiries, applications and submissions and post-investment activities.

Roles and Responsibilities (cont.)

Customer Focus & Stakeholder Management

• To engage with applicants effectively and timeously during application and approval process.
• To effectively interact with different SBUs and departments in order to fulfil the process requirements related to any specific deal / transaction.
• Manage and enhance the levels of service and communication to ensure the provision of client service excellence.

Learning, Leadership & People Growth

• Provide team leadership in transactions during due diligence
• Manage own development to enhance own competencies
• Participate in knowledge sharing in the team and cross functional
• Coaching and mentoring of team members

Job Requirements

TECHNICAL/FUNCTIONAL COMPETENCIES:

• Financial acumen
• Risk identification and mitigation
• Investment/Portfolio Management
• Stakeholder Management and customer focus
• Planning and organising
• Report writing skills

BEHAVIOURAL COMPETENCIES:

• Presentation and communication skills
• Negotiation skills
• Relationship Building and Networking skills
• Persuading and Influencing skills
• Coaching and Mentoring
• Leading and Co-ordinating

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Job Description

• The purpose of the CA Learnership is to present potential Chartered Accountants to serve articles within the Corporation. Formal training through practical experience and a structured program is provided and at the same time, IDC contributes to the provision of future high-level qualified CA manpower requirements of the country in general as outlined in the National Development Plan:
• To develop a talent pipeline of Chartered Accountants for the core business areas within IDC
• To create opportunities for unemployed graduates with the required qualifications to develop competencies in the IDC environment.
• To grant graduates an opportunity to network with professionals and learn about the different career paths that are available in the corporation.
• To Develop the necessary range and depth of experience and cultivate future business leaders

Qualification and Experience

QUALIFICATION:

To qualify for the learnership you will have to have completed or enrolled in one of the following SAICA-accredited programs looking to enrol for ITC in January 2025:

• Certificate in Theory of Accounting (CTA),
• Post Graduate Diploma in Accounting
• Honours Degree in Accounting.

Job Requirements

TECHNICAL COMPETENCIES:

• In-depth knowledge of the respective field of study.
• Sound knowledge about the Industrial Development Corporation
• MS Office: Excel, Word, PowerPoint, Outlook, MS Teams
• Ability to liaise effectively at a high level

BEHAVIOURAL COMPETENCIES:

• Is proactive and forward-thinking
• Relating and Networking
• Planning and organising
• Following Instructions and Procedures
• Coping with Pressures and Setbacks
• Adhering to Principles and Values
• Teachable

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Qualification and Experience

QUALIFICATIONS: 

• Masters Degree in Economics, Public Policy, Business, Engineering or Science (4-year degree)
• Doctoral degree or international qualifications will be an advantage 

EXPERIENCE:

• 10-15 year’s experience in a similar role
• Previous work experience for government (+10 years) and private sector (+5 years)
• Demonstrable experience working with high-level officials, government employees, private sector professional and c-suite and finance professionals
• Evidence of previous coordinating roles fulfilled.
• Understanding of the JET investment and implementation plan
• Understanding of global decarbonization agenda and SA role
• Understanding of government processes and how to navigate.
• Understanding of contracting and institutional agreements.
• Previous experience working with the following government departments: Department of Science and Innovation, Department of Trade, Industry and Competition, Department of Transport, National Treasury, Presidency, Depart. of Environmental Affairs.
• Exposure to a broad range of industries with incl. but not limited to hydrogen, medical, automotive, energy, science and research, electric vehicles etc.
•  Effective, versatile, and action-oriented. 

Roles and Responsibilities

• Directs and coordinates the GH2 workstream activities
• Work with the policy and stakeholder specialist and be a single point of contact for public and private institutions to ensure issues between private developers and labour and community are being addressed
• Provides reports / briefings / thought leadership on green hydrogen to relevant
• Ministries / executives including DTIC, DSI, Presidency, DOT, DFFE.
•  Directs the green hydrogen advisory committee which consist of government, labour, civil society representatives
• Represents South Africa at national and international green hydrogen / green climate / funding / sustainability - conferences / seminars / panels / lectures
• Work with IDC project development unit to source and initiate green hydrogen commercial projects
• Coordination of the predefined governance structures to ensure operational efficiency and impact.
• Liaise with the Africa Green Hydrogen Alliance (AGHA) management office to drive workstreams.
• Lead the planning and implementation of green hydrogen country to country engagements and visits namely but not limited to EU, Kenya, Korean, Japan and China.
• Work with the development and green fund specialist to source various types of funds for green hydrogen projects
• Works with the fund programme specialist to develop green hydrogen fund programmes
• To assist the team through planning and coordination of information in order to optimize workflow procedures in the team.

Roles and Responsibilities (cont.)

INTERNAL / OPERATIONAL PROCESSES:

• Guides and coordinates meetings and workshops with key stakeholders of the JET GH2, workstreams and others (funders, international organizations, foreign offices) Creates and Maintains guidelines of conduct for meetings.
• Ensures guidelines are approved and periodically reviewed. 
• Ensures effectives of councils and workstream and other meetings.
• Supports the Programme lead and the JET PMU functions such as stakeholder management, communications, events organisation, and marketing activities, reporting, consultant appointments.
• Manages records and data for the JET Investment Plan for the GH2 Implementation program
• Continually improves the process of coordination with stakeholders
• Supports Workstream lead organisations with secretariate functions, if necessary.
• Assist in the preparation of presentations for meetings
• Maintain organogram of program structure
• Responsible for stakeholder data base
• Track action items and report of status at meetings
• Alert Programme lead of action items off-track
• Supports technical expert panels/advisory bodies with secretariat functions

CUSTOMER FOCUS & STAKEHOLDER MANAGEMENT:

• Provide an efficient customer service to both internal and external customers

LEARNING, LEADERSHIP & PEOPLE  GROWTH

• Manage own development to enhance own competencies
• Participate in knowledge sharing in the team and due diligence time requirements, lessons learnt, etc.
• Solutions Driven, Accountability and Innovativeness.

Job Requirements

TECHNICAL/FUNCTIONAL COMPETENCIES:

• MS 360 suite (MSword, MSExcel, MSPowerpoint, MSTeams)
• Data management and dashboards
• Presentation skills
• Attention to detail
• Excellent time management skills
• Ability to multi-task
• Good verbal and written communication skills
• Analytical skills

BEHAVIOURAL COMPETENCIES

• Interpersonal skills
• Good ethics, integrity, and high level of professionalism
• Confidentiality because of the nature of the work