Company: IDC

Industry: Banking / Financial Services

Deadline: Not specified

Job Type: Contract

Qualification: Bachelors, Masters

Experience: 5 – 8 years

Location: South Africa

City:

Field: Finance / Accounting / Audit

Job Title: Account Manager (24 Months – Ftc)

This role includes the review and evaluation of assessment reports and applications in line with fund processes as well as present applications to relevant approval bodies however also requires involvement in other fund specific task such as post investment monitoring and project implementation. All tasks are aimed at contributing towards the Department’s objectives and industry development goals. The evaluation would include performing the financial, technical and marketing due diligence functions and ensuring risk identification and mitigation.

Job Description
This role includes the following, but is not limited to:
Financial / Shareholder Returns

Assess applications for funding
Review Resource Efficiency Reports
Ensure applications are in line with fund criteria
Assess economic viability and sustainability of applications
Prepare financial models and draft submissions
Participate in due diligence teams ensuring that businesses are financially viable and sustainable

Internal / Operational Processes

Efficient management of allocated assessments and applications for funding, liaising with applicants and assessors, conducting basic assessments, resolving queries and conducting due diligences with other team members
Perform due diligence on applications for funding
Evaluate applications including financial, technical, or marketing disciplines through due diligence investigations.
Designing and negotiating the financial, EHS, legal and other relationships between the client
Deal Optimization – Ensure that the deal is aligned with the strategic objectives of the department as specified by the funder and will contribute to meeting industry development goals
Conduct compliance assessments
Initiate collation of all Conditions Precedent prior to handover to Post Investment team
Prepare drafting of submission reports for review in preparation of submission to the approval panel
Ensuring accurate client data management.
Ensure signed reports are submitted to Admin for Project Approval Panel preparation and filing

Customer Focus & Stakeholder Management

Maintain relationships with all relevant external stakeholders including assessors, enquirers, applicants and portfolio clients in conjunction with different support functions in the IDC.
Ensure the provision of client service excellence and optimize service delivery in a manner that meets the client’s needs;
Efficient management of allocated applications for funding, liaising with applicants, conducting basic assessments, resolving queries from applicants and conducting due diligences with other team members.
To interact with the required departments in order to fulfil the process requirements related to any specific business transaction.
Manage and enhance the levels of service and communication to ensure the provision of client service excellence.
inform Business Partner if application is not approved due to outstanding documentation or as a result of non-approval by the panel and update SAP.
Liaise with clients to ensure approved funding have been utilized appropriately.
Identify strategic data to be collected for each Business Partner and ensure this is obtained.

General

Build and maintain a network of relationships across the Corporation.
Partner with the team in building and managing investments to fulfil the mandate of the
department in line with the IDC’s and department’s specific policies, systems & procedures.
Utilize own and expert knowledge, experience, multi-dimensional understanding and application of best practices in the fulfilment of the role.
Manage and review key processes and procedures.

Learning, Leadership & People Growth

Build and maintain influential relationships with Business Partners
Ensure accurate and timeous delivery of service levels and key deliverables to achieve a high performance within the department

Qualification and Experience

CA (SA) or BCom Accounting degree e.g. BCompt, BEng / BSc or similar qualification
Honours Degree will be an advantage
MBA/MBL will be an advantage
Project Management Professional qualification (PMP) will be an advantage

Roles and Responsibilities

5 to 8 years’ experience in a Financial Institute/ Development Financing environment role with exposure to due diligence in a finance / banking.
Should have at least 3 years’ experience in assessing the economic viability of businesses and/or projects
Sound experience in a financial environment is essential
Outstanding skills in respect of the analysis and interpretation of financial statements
Sound knowledge of business and the diversity of risks that may affect businesses
Good understanding of different types of security
Good working knowledge of Company and Contract legislation
Understanding of Economic trends
Project management experience.
Good writing and presentation skills, particularly to committees/boards
Experience working in a high-level collaborative environment Ability to manage multiple competing priorities while building effective relationships
Well organized and persistent, with drive and determination to achieve goals

Technical Competencies

Behavourial Competencies

Account Manager (24 Months – FTC) at IDC