Website IDC
Who we are Established in 1940, we are a national development finance institution set up to promote economic growth and industrial development. We are owned by the South African government under the supervision of the Economic Development Department. Our vision We aim to be the primary source of co… read moremmercially sustainable industrial development and innovation to benefit both South Africa and the rest of Africa. Our mission Our mandate is to contribute to the creation of balanced, sustainable economic growth in South Africa and on the rest of the continent. We promote entrepreneurship through the building of competitive industries and enterprises based on sound business principles. Our values Everything we do is directed by our values: Passion Partnership Professionalism Our mandate The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940) and is fully owned by the South African Government. The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War. We have contributed to the implementation of South Africa's industrial policy for more than 70 years and established, among others, the petro-chemicals and minerals beneficiation industries. We have stimulated large industrial projects in these industries – acknowledged today as the cornerstones of the country's manufacturing sector – and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles. During the 1990s, our mandate was expanded to include investment in the rest of Africa. The Mozal aluminium smelter in Mozambique was the first such venture. We secured investors from around the globe to establish a major industrial enterprise in a country plagued by decades of civil war. The smelter illustrated the viability of large projects on a continent often shunned by investors. Currently, our investments in Africa include mining, agriculture, manufacturing, tourism and telecommunications. The IDC's funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders. We align our priorities with government's policy direction and remain committed to developing the country's industrial capacity, as well as playing a major role in facilitating job creation through industrialisation. Our industrial development role As a key implementing agency of industrial policy, the IDC's activities currently centre on the National Development Plan (NDP), the New Growth Path (NGP) and the Industrial Policy Action Plan (IPAP). We identify sector development opportunities aligned with policy objectives and develop projects in partnership with stakeholders. By developing industrial capacity the IDC achieves specific outcomes. The most important of these is to enable job creation through the companies we fund. In addition, IDC funding continues to promote regional development and integration, economic empowerment of communities and growing black industrialists. The IDC remains committed to promoting environmentally sustainable growth and increasing sectoral diversity to boost the local production of goods. The corporation also plays a critical role, directly and through its sefa subsidiary, in promoting entrepreneurial development and growing the SME sector. While our funding activities focus mainly on the private sector, we work closely with different levels of government agencies and sector organisations to coordinate industry development. We also support government in other areas related to its development objectives, such as research and management of government funds allocated to achieving specific outcomes. We pro-actively develop and implement strategies in the rest of Africa to create and integrate value chains across the continent. Our aim is to use the strengths of different countries in the region to establish a more competitive industrial base. 19 Fredman Drive, Sandown PO Box 784055 Sandton, 2146
QUALIFICATIONS:
BCom Accounting or BEng/BSc
Post-graduate degree/Honours or CA(SA) would be an advantage
KNOWLEDGE AND EXPERIENCE:
The candidate should at least have 5-8 years of relevant experience in post investment monitoring or portfolio performance management.
Experience in a Corporate Finance environment and specifically in Listed Investments
5 years’ experience in a private equity environment will be an added advantage.
Experience working in the financial services industry e.g. a commercial bank
Experience working in a high-level collaborative environment
Knowledge and understanding of developing Value Creation activities
Experience in M&A, due diligence, drawdowns and exit process of investments is essential.
Knowledge of financial markets (including equity capital markets), regulation and legislation
Knowledge and experience in Financial modelling.
Roles and Responsibilities
Post investment management, performance monitoring and performance reporting of allocated portfolio of complex and technical business partners
Working closely with business partners to identify areas for growth and value creation, crafting and monitoring the implementation of the value creation plans
Periodically conduct fair values of equity investments and impairment reviews in accordance with the approved IDC guidelines and policies
In collaboration with the business partner management team, define KPI’s and design dashboards to collect data for progress monitoring of such KPI’s.
Build sound relationships with business partner management teams and boards through regular visits to / engagements with business partners
Proactively identify early warning signals and initiate appropriate intervention processes where necessary to limit potential losses
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 sectors.
Ensure that all necessary amendments to contracts during the life span of the business partner are adequately executed.
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 Business Partners to ensure that the Business Partners are profitable.
Work collaboratively with members of the IDC teams to ensure that the investee companies under management achieve their stated targets and forecasts.
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.
Forecast of value share prices & dividend incomes and recommend equity selling options and timing to assist with the liquidity and funding of the IDC.
go to method of application »
Apply via company website ( http://www.idc.co.za ) or