24 Oct
Affirmative Portfolios
Johannesburg North
Senior Investment Associate Jhb North
Finance / Accounting
JHB North, Johannesburg Gauteng
Senior Investment Associate
Johannesburg North
4 Months Fixed Term Contract
Salary Package Market Related
Outline
TURNAROUNDS, WORKOUTS AND RESTRUCTURING
Key Responsibilities :
Debt Restructuring
Restructure the exposure of clients that are experiencing financial difficulties where such businesses have long-term financial viability and where liquidation is not a beneficial solution.
Restructure the companies and reduce the significant impairments and / or write-offs.
Establish the nature of the problem and develop a restructuring plan.
Review and monitor the businesses financial performance.
Review and monitor the collections.
Interface with other stakeholders for decision making.
Turnarounds
Develop the turnaround strategies.
Monitor the implementation of the turnaround plan.
Introduce investors or strategic partners into a business that is facing financial difficulties where such investors or strategic partners can add value and turnaround the company.
Business Rescue
Attend to all business rescue proceedings and advice on the acceptance of the business rescue plan.
Monitor the implementation of the Business Rescue Plan.
Risk Management
Ensure that early warnings signs and other key risks factors are proactively identified.
Follow up and implement the recommendations of the internal and external audit findings.
Reporting
Prepare a restructuring proposal.
Present the proposal to relevant credit committees for approval.
Monitor the restructured portfolio and IA’s output
Manage / monitor the non-performing loans until these loans have been rehabilitated or until the non-performing loans have been transferred to Legal.
Oversee the output and quality of work of the various IA’s in TWR and ensure that transactions are managed well and actioned timeously.
Experience / Skills Required :
5 years’ experience in corporate restructurings and turnarounds
Credit experience is essential, including corporate restructurings and financial analysis.
Practical thinker
Problem solver
Must have run a business before and have practical business skills
Results orientated
Strong work ethic
Willing to work in a very high-pressure environment
Efficient with quick turnaround times
Business turnaround or restructuring skills
Self-motivated
Independent Business Review
Short term cash flow reviews
Financial Restructuring
Financial analysis skills
Operational turnarounds
Experience in Business Rescue (Chapter 6 of Companies Act 2008)
Financial modelling skills
Working capital and cash management
Report writing skills
Negotiation skills
Qualifications :
CA (SA) or BCom Accounting with postgraduate degree BCompt (Honours) or a relevant 4-year financial tertiary education or equivalent.
Personal Attributes :
The ability to plan, organise, lead and control in the work environment to achieve the business objectives
The ability to communicate effectively and efficiently at all levels in the organisation
The ability to negotiate with role players and arrive at a win-win situation in the best interest of the organisation and the negotiating party
The ability to understand the problem / situation,
evaluate alternatives and take timely action, which will enhance the performance of the organisation
The ability to plan and execute projects
The ability to analyse the position of a business related to the financial position and business viability to enable appraisal of the business for purposes of future existence and requirements in terms of business and economic viability
The ability to utilise the correct computer software and the relevant functionality applicable to the outcomes required
The ability to interact with people at all levels in the organisation
The ability to compile a business proposal inclusive of the business case and financial model and motivation for the pursuance of the business venture
The ability to restructure debt to ensure maximum benefit to all stakeholders involved
Innovation and idea generation
Problem solving skills
Ability to think strategically and out of the box
Highly motivated and confident individual
Proven ability to multitask and ensure effective delivery of the priorities to meet targets and objectives and able to work effectively under pressure
Please Note : Should you not receive feedback within 3 months, please consider your application as unsuccessful.
▶️ Senior Investment Associate – Jhb North
🖊️ Affirmative Portfolios
📍 Johannesburg North