Website National Empowerment Fund
Established by the National Empowerment Fund Act No 105 of 1998 (NEF Act), the National Empowerment Fund (the NEF) is a driver and thought-leader in promoting and facilitating black economic participation by providing financial and non-financial support to black-owned and managed businesses, and by … read morepromoting a culture of savings and investment among black people. The operations of the NEF are governed by the Public Finance Management Act No 1 of 1991 (PFMA), including the National Treasury Regulations, the King III Report on Governance for South Africa and the Protocol on Corporate Governance in the Public Sector, 2002. The process of industrialisation must be underpinned by transformation. Through measures like preferential procurement and the black industrialists programme, we are developing a new generation of black and women producers that are able to build enterprises of signifi cant scale and capability. We will improve our capacity to support black professionals, deal decisively with companies that resist transformation, use competition policy to open markets up to new black entrants, and invest in the development of businesses in townships and rural areas. Radical economic transformation requires that we fundamentally improve the position of black women and communities in the economy, ensuring that they are owners, managers, producers and financiers.”
Job description
The primary role is to conduct post investment due diligence and monitoring of investments in your allocated NEF portfolio
To conduct due diligence on application from investees for further funding and obtain approval from the relevant committees per DOA
Periodic site visits to investee companies.
Oversee investee legal compliance
Investee valuations and impairment calculations
Quarterly risk analysis and reporting of investee companies (NEF internal and external)
Liaison with internal and external audit departments
Manage the NEF mentor panel of consultants per NEF investment
Monitor and report back on Empowerment Dividend data
Early identification / flagging of potential areas of non-compliance and defaulting clients
Attend investee board (if nominated) as and when required
Attend internal departmental committee meetings as and when necessary
Minimum requirements
Experience / Skills Required
At least 5 years deal making/investment experience.
Strong Project Management and Corporate Finance and/or Venture Capital experience (minimum of 5 years).
Completed articles or have strong audit experience.
Good working knowledge of key commercial statues and regulations (e.g. Taxation, Companies Act, Commercial Law, Litigation and Insolvency Law).
Financial modelling.
Ability to analyse and interpret financial statements.
Conduct enterprise valuations and exits on large complex deals.
Proven track record of managing a diverse investment portfolio from a post investment perspective.
Various industry sector experience.
Portfolio risk analysis experience.
PC: MS Word, Excel and PowerPoint competency at an advanced level
Strong report writing skills
Understanding of enterprise valuation and exit valuation methodologies from a post investment perspective
Qualification Requirements
Graduate degree – minimum B.Com. (Business and Finance, Accounting).
Honours degree – B.Com. (Finance, Accounting or CTA)
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