Investment Associate – Jhb
Finance / Accounting
JHB North, Johannesburg – Gauteng
Investment Associate
Johannesburg North
Permanent Position
Reports to the Fund Manager
Deadline – 20 November 2024, COB
Non – Negotiables:
- Engineering qualification is compulsory e.g. Civil Engineering, Industrial Engineering etc. (financial engineering is excluded)
The ideal candidate should have the following requirements:
- Dealmaking experience in Project Finance, Corporate Finance, Corporate Investment Banking, Development Finance Institutions etc.
Overview about the Position:
To ensure the fund achieves its investment goals, customer service, business growth and client retention objectives in line with the mandate by sourcing deals and managing the entire process from origination through to disbursement.
Key Responsibilities:
Pre-Screening
- Source deals aligned with mandate of employer;
- Network with industry bodies;
- Attend conferences, i.e. Keep up breast with industry developments;
- Address telephonic enquiries and walk ins in support of Pre-Investment;
- Conduct pre-screening analysis for new enquiries and applications as required by Fund Manager;
- Conduct desktop analysis studies to determine viability of early-stage projects;
- Meet with prospective clients, provide advisory on products and services;
- Accompany prospective/applicant to strategic meeting(s) to assist to finalise their application;
- Identify in which stage of project is and ensure all requisite information for that project phase is made available.
Application
- Conduct equity valuation discussions and negotiations with the prospective applicants;
- Conduct due diligence investigations on applications that satisfy the pre-screening assessments;
- Develop a financial model of the due diligence outcomes;
- Compile a submission report outlining the outcomes of the due diligence;
- Assist legal with project background to enable them to conduct their due diligence;
- Provide input to enable legal to issue a project term sheet;
- Timely engagement of Credit Risk to ensure that the risk report is submitted timeously;
- Inform secretariat to include the application as an Agenda item to the relevant committee meeting;
- Prepare a presentation for the submission and ensure it is circulated to secretariat before the meeting;
- Present due diligence output to relevant committees to seek approval for funding.
Post Approval
- Assist clients in satisfying any relevant compliance requirements (FICA) etc.;
- Assist clients in satisfying conditions precedent for funding;
- Conduct an induction of Project Promoters of the Fund Governance Framework (i.e. How to conduct business the special projects way);
- Assist in disbursement of funds to meet project development activities;
- Participate in project steering committees;
- Derive suitable project development milestones for the project to tie them to the project promoters or project managers’ contract;
- Appoint a suitable project manager for the project and recommend to the Fund Manager for consideration of approval;
- Overseer the project development process;
- Manage the approved project budget to ensure it is applied to suitably approved project activities and milestones;
- Present the project development progress at the Portfolio Management Committee meetings
- Provide project support to other projects;
- Provide input into Post Investment’s Risk Portfolio Management Committee report;
- Conduct timely disbursement to projects under implementation and manage the teams to meet with their SLA;
- Ensure that tender process conducted by the project are in alignment with the governance framework and/or procurement policies (whichever is applicable on the project);
- Present the outcome of the project development process when the key milestone is achieved;
- Proactively engage other funders for capital raising efforts for projects under development;
- Proactively engage with relevant strategic stakeholders to ensure significant project progress is achieved.
Non-core
- Participate in external committees as required (e.g. SPII, BIFF etc.);
- Present speeches in representation of the organisation as and when required;
- Proactively engage other support departments before concluding any deal;
- Ensure KPA and statutory requirements on projects in administration are satisfied;
- Lead on 3 projects that are active and supports at least 3.
Experience and Skills Required:
Minimum of 3 years’ experience in Engineering, Corporate and/or Project Finance, Credit Analysis, Private Equity or Structured Finance;
Strong overall awareness and knowledge of various industry sectors;
Strong risk analysis skills;
Strong report writing skills;
Must be able to independently develop and/or evaluate financial models;
Must be familiar with types of agreements/contracts typically used in corporate, project finance and private equity transactions;
Experience with corporate finance valuation techniques;
Demonstrates deep understanding of solutions that could impact on the business;
Project development and entrepreneurial experience would be advantageous;
Practical engineering-related experience in relation to the following: technical design (technical standards, technical drawings), plant operation and management (plant organograms, roles and responsibilities, shift planning, production scheduling), plant shutdown maintenance (planning, costing, implementation) and plant construction (tender procurement processes and adjudication; and construction contract structures and management) would be advantageous;
Practical Project Management experience would be advantageous.
Qualifications Required:
B Engineering Degree with Finance Qualification (CFA) or similar.
Post Grad at Masters level
Strategic Projects Fund Overview:
Funds the development of projects which undergo various stages. The funding products of this unit are:
- Venture Capital Funding Structures,
- Development of black industrialists funding in strategic sectors,
Fund’s sector focus is informed by the government’s strategies on industrial development through the dtic’s National Industrial Policy Framework, the corresponding Industrial Policy Action Plans [IPAP] as well as the current government economic growth strategy, the New Growth Path.
The sectors identified based on the IPAP and the New Growth Path and are listed as follows:
- Agriculture
- Business Process Outsourcing [Call centres, data storage centres and termination centres]
- Textiles
- Mining, Mineral Processing and Mineral Beneficiation
- Automobiles
- Renewable Energy and Biofuels [solar, biomass, hydro, co-gen and wind]
- Plastics
- Pharmaceuticals and Chemicals
- Forestry, Pulp and Paper
- Infrastructure [telecoms, healthcare, roads, rail airports, dams and water]
- Manufacturing
- Tourism [hotels, resorts, tourism attractions and leisure]
Personal Attributes:
Cognitive Competencies
- Analysis and Attention to Detail
- Conceptual / Big Picture Thinking
- Creative / Innovation
- Focus & Sustained Attention
- Judgement and Decision Making
- Problem Solving & Learning Agility
- Strategic Thinking
Intrapersonal Competencies
- Assertiveness
- Drive and Result Orientation
- Decisiveness & Action Orientation
- Ethical Judgement
- Excellent / Quality Orientation
- Resilience and Stress Management
- Executive Disposition
- Rule Orientation
- Time and Self- Management
- Objectivity
Interpersonal Competencies
- Building Relationships
- Building Strategy Relationships/ Networking
- Customer Service Orientation
- Engaging Diversity
- Interpersonal Agility
- Teamwork
Professional/Technical Competencies
- Business and Financial Acumen (includes ability to identify and manage risk)
Please Note: Should you not receive feedback within 3 months, please consider your application unsuccessful.
