JOB DESCRIPTION
Strategic Functions
- Manage complex, high value non-performing public sector loans by reviewing and assessing turnaround/workout alternatives and solutions to ensure that the most financially acceptable and appropriate recovery solution is found for the company.
- Provide support to Management by providing bank wide advice on turnaround issues.
- Provide inputs on the design and implementation of turnaround/recovery management solutions in order to build a sound platform for the recovery of company non-performing loans.
- Establish, communicate and facilitate the use of appropriate turnaround and risk methodologies, tools and techniques for distressed and non-performing clients.
Key Measures
- Performance against agreed targets (value and number of NPLs to be maintained within the company prudential limit).
- Performance outputs as per the performance management system.
- Implementation and monitoring of turnaround/business rescue plans.
- Turnaround times.
- Management of Relationships with key Stakeholders
JOB REQUIREMENTS
Qualifications & Experience
- A minimum of a Bachelor’s Degree in Finance or equivalent is required.
- Business Rescue/turnaround management experience and/or qualification.
- A minimum of 10 years’ experience in public sector business rescue, rehabilitation and turnarounds especially relating to municipalities, provincial development corporations and other state owned and/or managed entities.
- A well-developed knowledge of business, management and finance philosophies, practices, etc.
- Solid understanding of the relevant business legislative and policy framework; i.e. Basel II, GAAP, IFRS9, Companies Act etc.
- Expert knowledge of credit risk and financial management principals and methodologies to lead private sector business rescue assignments in the company.
- Able to use technical and business understanding to assist with the rehabilitation of non-performing loans.
- Able to apply a wide range of financial and risk assessment and mitigation techniques to the client’s business operations.
- Able to develop innovative solutions, identify new areas of opportunity, and identify, analyze and address the appropriate risks in order to rehabilitate the client.
- Able to utilize complex influencing strategies for leverage.
- Strong business acumen and strategic advisory experience.
- Ability to facilitate, negotiate and communicate superbly at all levels.
- Dealing with private sector / commercial workouts turnarounds – real examples will need to be provided.
- Extensive experience of the legal process associated with workouts, business rescue and liquidations.
- Experience in managing a team of workout specialists in a private sector environment
Desirable Requirements
- A CFA and/or professional financial qualification, or equivalent, would be an advantage
- A Management qualification would be an advantage.
- Credit Risk or Certified Rescue Analyst qualification would be an advantage