| JOB NAME |
Head: Portfolio Management (IF)
POSTED BY: Development Bank of Southern Africa
REF:DBSA 104
Date Published:Monday, October 12, 2020
Date of Expiration:Saturday, April 10, 2021 EXPIRED
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| LOCATION OF THIS JOB |
 South Africa | MIDRAND in South Africa |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Contract |
| MAIN JOB DESCRIPTION |
Closing Date 2020/10/23
Reference Number DBS201009-1
Job Title Head: Portfolio Management (IF)
Job Type Classification Contract
Location - Town / City Midrand
Location - Province Gauteng
Location - Country South Africa
JOB DESCRIPTION
The Infrastructure Fund (IF) announced by the President in September 2018 addresses the need for a dedicated blended financing facility for infrastructure programmes projects. The aim of the IF is to transform public infrastructure financial provisioning using “blended” finance - combining capital from the public and private sectors, and Development Finance Institutions (DFI’s)/Multilateral Development Banks (MDB’s). This will be dedicated to meeting the financing requirements for hybrid projects.
The IF will be established within the parameters of the Infrastructure Development Act (IDA), under the Minister of Public Works and Infrastructure. This includes alignment with the comprehensive infrastructure pipeline that will be put in place in terms of the IDA. The DBSA’s mandate for the Infrastructure Fund has been captured in a Memorandum of Agreement (MOA) between National Treasury, Infrastructure South Africa (ISA), and the DBSA. The demand for capital to fund essential infrastructure continues to grow across Africa. However fiscally constrained governments are increasingly unable to meet that demand.
The IF is required to create the opportunity for informed investors to benefit from investing in infrastructure.
The role of the Head: Portfolio Management (IF) is to provide investment funding opportunities to potential investors. The Head will be required to manage investment operations, manage a collection of investment instruments, manage capital and debt-funded liquidity, offer financing solutions to clients as well as overseeing the general banking and treasury risk management operations for the IF. This is a Five (5) year Fixed Term Contract position.
KEY RESPONSIBILITIES
Strategic Focus
1. In collaboration with the Group Executive: IF, establish the Infrastructure Fund as a ring-fenced division within the DBSA.
2. In consultation with the DBSA Group Executive: IF, Exco, Board and Infrastructure South Africa (ISA) prepare the Business Plan for the IF.
3. Set-up the Infrastructure Fund with the focus on it becoming self-sustaining within five to seven years. Effectively formulating, and implementing the IF’s strategy to support infrastructure and economic development opportunities within South Africa and the rest of Africa, amongst others:
1) Liquidity management
2) Capital and balance sheet management
3) Funding/issuance management
4) Third party fund management
4. Provide institutional investors globally with an opportunity to invest in the South African infrastructure sector with the aim to providing investors a stable return, from a combination of income yield and capital growth, by investing in a portfolio of infrastructure assets which underpin the South African economy.
5. Develop infrastructure strategies / tools / products that provide a platform for companies/institutions to invest primarily in core and pure infrastructure assets. Key focus on companies that provide more stable cashflow than other volatile infrastructure assets.
6. Lead, build, lead and develop strong deal flow opportunities with the intent to generate attractive risk adjusted returns focused on cash yield that represent a compelling opportunity for infrastructure debt investors.
7. Provide rigorous, transparent and repeatable investment process designed to create a portfolio of high quality, core infrastructure assets by focusing on companies with dominant position and stable cashflows and actively managing the portfolio to take advantage of changing asset values and market cycles. Effectively delivering attractive risk-adjusted returns to IF clients over the long-term.
8. Ensure rigorous quality analysis and due diligence on all infrastructure assets together with a focus on buying securities that are attractively priced.
9. Build defensive assets capable of generating consistent cash flows across market cycles in a highly regulated environment.
10. Through investment in infrastructure securities, provide investors with the opportunity to benefit from the expected long-term growth in infrastructure and the return potential associated with infrastructure assets.
11. Undertake all activities necessary to develop blended financing solutions for Projects/Programmes.
12. Where appropriate (depending on the Project), arrange, coordinate, structure and engage with financial markets to develop financial instruments that will enable investments in the Projects by investors.
13. Prepare reports for approval of Projects by DBSA governance processes in accordance with the eligibility criteria in the Business Plan.
14. Actively support Projects Owners in the development of the financial mechanisms for blended finance Projects which conform to the criteria of the Infrastructure Fund;
15. Monitor, and where possible, drive the process of moving the Projects through the planning stage until financial closure;
16. Provide estimated annual and multi-year budgets for the Projects managed by the IF;
17. Where required, develop a procurement plan for the Projects and provide procurement support to Project Owners;
18. Monitor the implementation of blended financing mechanisms for identified Projects.
19. Manage a collection of investment instruments such as shares, mutual funds, bonds, cash equities, etc.
20. Ensure that adequate records (electronic and physical) are maintained for verification, auditing and preparation of management accounts;
21. Control and manage IF money in terms of capital and liquidity to make sure that all parts of the IF can readily have access to fund business activities.
22. Oversee that the IF remains financially secure, stable and able to function effectively to support its clients.
23. Play a key role to ensure that all regulations and standards are properly implemented; Basel compliance.
24. Utilise DBSA procurement procedures and policies to procure Project Advisors once they have been duly appointed, to manage them;
25. Strengthen public sector capabilities in the development of Public Private Partnerships (PPP) and in financing of large infrastructure where there are private investments in either debt or equity for helping the governments in their efforts to advance in the Sustainable Development Goals (SDG).
26. Prepare various documents and management reports for Executive Committees, Boards and Stakeholders.
27. Perform other strategic and other duties as assigned.
Stakeholder Management
1. Develop stakeholder and investment management strategy
2. Map and develop a network of diverse stakeholders whose influence is critical to the achievement of IF plans and objectives.
3. Develop management strategies coordination of inter-governmental structures and communication schedule to update stakeholders on the progress of the development and implementation of the IF.
4. Work closely with key institutions and decision makers in government entities, development banks, private companies and other relevant stakeholders to develop key relationships that will contribute to economic and infrastructure development.
5. Manage stakeholder expectations for project deliverables, communications and implementing effective systems of project governance, within the team and with strategic partners, both internally and externally.
6. Facilitate the preparation of management reports for Executive Committees, Boards & Stakeholders.
People Management
1. Provide direction and management to the direct reports to enable the establishment and implementation of the IF and to manage their portfolios effectively.
2. Fully resource the IF to ensure that there are adequate capacity/skills necessary to enable the IF to fulfil its obligations per the agreed MOA. Develop and maintain sufficient depth in all critical functions, minimizing "key-man" risk.
3. Proactively support the bank's diversity strategies and initiatives.
4. Provide transferable skills, frameworks and guidance to promote empowerment of the team.
5. Promote DBSA values and a culture of High Performance in the IF.
Key Measurements of Outputs
1. Established a self-sustaining IF.
2. Effective management of IF assets.
3. Quality financial models and solutions
4. Value and number of project approvals, commitments and disbursements.
5. Value and number of projects prepared and committed for approval.
6. Value and number of funds under management secured
7. Value of infrastructure catalysed
8. Quality of asset/loan book (e.g. NPL ratio).
9. Value of Private & Public Sector partnerships and funding
10. Capital Markets Funding
11. Effective Liquidity and Investment Management
12. Issuance of Sustainable Development Bonds
13. Clean audit
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| REQUIREMENTS FOR THIS JOB |
EXPERTISE & TECHNICAL COMPETENCIES
Minimum Requirements
1. Relevant post graduate qualification preferably in Investment Finance / Development Finance / Engineering or Economics
2. At least 10 years demonstrable experience at a Senior Management level in both the public and private sector in wholesale banking and infrastructure finance arena.
3. Demonstrated experience in tailoring a range of investment options for clients.
4. Demonstrated experience in infrastructure finance and development.
5. Sound experience in private sector investment and bankability.
6. Experience in managing multi-billion-rand budgets.
7. Structuring, financing, preparation and bankability of large-scale infrastructure projects and programmes.
8. Comprehensive knowledge of the complex financial and regulatory environments in South Africa.
9. In depth knowledge and understanding of infrastructure market, financial markets and the macro landscape.
10. Experienced communicator and negotiator (expertise at senior to executive level).
11. Strong negotiation skills with the ability to close deals.
12. Proven capability to engage with the CEO, Executives, Board Committees, Government and Private Sector Stakeholders at the highest level.
13. Demonstrated knowledge of legislation, regulations, policies, processes and procedures governing the infrastructure planning and development in South Africa (e.g. PFMA)
14. Good knowledge and experience of infrastructure procurement in South Africa.
REQUIRED PERSONAL ATTRIBUTES
LEADERSHIP/BEHAVIOURAL
Leading & Empowering Others
1. Identifies long-term goals for the team and communicates them to team members, ensuring their buy in.
2. Sets a good example by personally exercising desired behaviour; acts on values and beliefs.
3. Communicates a vision for the team and future success that inspires team members.
4. After assessing others’ competence, one delegates full authority and responsibility to others to do a task in their own way.
5. Ensures that competent employees are given opportunities to further their careers.
Leading & Managing Change
1. Anticipates the need for change when not obvious and influences others to gain support. Builds sustainable business and organisational capacity to embrace and thrive on change.
2. Re-engineers and aligns structures, processes and practices to support and sustain the desired change.
Strategic & Innovative Thinking
1. Understands connections and trade-offs of strategic choices to evaluate which ideas are practical and possible by considering business and/or scientific implications.
2. Develops innovative business and/or customer solutions that shape industry practices.
Teamwork & Cooperation
1. Acts to promote a friendly climate and good morale and resolves conflicts.
2. Creates opportunities for cross-functional working.
3. Encourages others to network outside of their own team/department and learn from their experience.
Developing Others
1. Gives specific positive or mixed feedback for developmental purposes.
2. Gives negative feedback in behavioural rather than personal terms.
3. Reassures and/or expresses positive expectations for future performance when giving corrective feedback.
4. Gives individualised suggestions to individuals for their improvement.
Driving delivery of results
1. Identifies and implements a business opportunity that will have a long-term impact on the business (which may include the organisation’s reputation or brand image). Monitors progress and adapts the plan if necessary, to ensure optimal benefit to the business.
2. Makes decisions, sets priorities, or chooses goals based on inputs and outputs: makes explicit considerations of potential profit, return on investment, or cost benefit analysis.
3. Based on the cost-benefit analysis, makes decisions of entrepreneurial risk nature.
Decisiveness (High Performance, Service Orientation)
1. Makes timely decisions about complex issues even when some information is missing.
2. Makes decisions and stands by them even when they are controversial or unpopular. Grasps critical business opportunities when they arise by making timely decisions.
TECHNICAL
Risk Identification & Assessment skills
1. Advises on applicable aspects of risk identification and assessment.
2. Assesses and links short-term tasks in the context of long-term business strategies or perspectives.
Business Development
1. Takes overall lead for pro-active business development at national and international level.
2. Initiates, reviews and interprets competitor environment reviews and take actions accordingly.
3. Formulates and modify market approaches based on competitor analyses.
4. Leads the formulation, development and implementation of the business development strategy to generate new business opportunities in public and private sector delivery of infrastructure.
5. Identifies and develop new markets, products and clients.
6. Leads the participation and presentation of an organisation at investment conferences and roundtable discussions.
7. Coordinates business activities to ensure that investment initiatives are in support of government BEE strategies, broader national and regional economic development strategies.
8. Promote compliance and alignment with the strategic imperatives of both individual clients and the organisation of investment and development interventions.
9. Builds capacity to coordinate, control and manage the activities and efforts required for the implementation of the plan.
10. Builds capacity to conduct project origination exercises.
Business Acumen
1. Deep understanding of commercial drivers and is able to take decisions based on an assessment of alternatives concerning complex business situations.
2. Deep understanding of economic priorities of South Africa and Africa and how they can be implemented to meet an organisation strategic objectives.
3. Deep understanding of the need to coordinate efforts with many government entities, private sector, community groups and individuals to ensure effective implementation of new policies and regulations. d. Takes actions to fit business strategy.
4. Assesses and links short-term tasks in the context of long-term business strategies or perspectives.
5. Reviews own actions against the organisation's strategic plan; includes the big picture when considering possible opportunities or projects or thinks about long-term applications of current activities.
6. Anticipates possible responses to different initiatives.
7. Understands the projected direction of the industry and how changes might impact the organisation.
Strategic Planning
1. Ability to analyse business trends, implications and options to devise holistic and long-term strategic plans as well as execute the required change is essential to meet an organisations objectives and future goals
2. Establishes challenging, attainable goals and objectives based on a customer focus perspective.
3. Looks to the future with a broad perspective.
4. Ensures performances measures are in place to monitor progress and assess accomplishments and achievement of strategic goals and objectives.
5. Develops initiatives to achieve goals and objectives.
6. Articulates the vision and plans to others.
Deal Origination
1. Identify, conceptualize and structure projects and opportunities and develop new and alternative financing mechanisms.
2. Formulate and develop new and alternative financing mechanisms and concepts that can be replicated elsewhere within and outside SA.
3. Conceptualise and develop innovative funding instruments (equity, venture capital, mezzanine, debt, securitisation of projects, etc.) to finance infrastructure that would otherwise not be possible relying on the market only to develop and propose these investment opportunities.
4. Proactively develop impact concepts to take to the market.
5. Leads and mentors project teams.
6. Formulate new products.
Project Management
1. Defines, plans and manages large and/or strategic projects, including those with a high degree of technical complexity, with impacts across the organisation and/or with national implications.
2. Assembles and leads diverse and multi-disciplinary teams, ensuring maximum effective resource utilisation.
3. Successfully manages substantial project budgets and reports directly to senior managers on the progress and results of projects.
4. Identifies complex issues that need escalation and proposes appropriate corrective actions.
Planning & Organizing
1. Coaches others on advanced planning and organising skills.
2. Plays a role in transferring advanced planning and organising skills and knowledge to others.
3. Identifies and acts on opportunities to partner with other units in the department to achieve desired results.
4. Develops partnership agreements that ensure win-win outcomes for all parties. Develops integrated plans for the work unit and others that interfaces with the function’s budget.
Financial Acumen
1. Makes sound financial decisions after having analysed their impacts on the organisation, partner agencies, and community.
2. Effectively prepares budgetary submissions and forecasts for own department.
3. Knows the internal and external factors that impact on resource and asset availability.
4. Is able to interpret management account reports in an operational/commercial context and take action as appropriate to maximize revenues and control costs.
Reporting & Communication
1. Designs, reviews and improves reporting processes and provides guidance.
2. Leads production of complex environment reports, takes an editorial role, determines content and level of detail, and ensures consistent messaging and branding.
3. Is relied on by others to help them write complex technical and non-technical documents and briefs. d. Is able to determine which aspects of this knowledge area need to be transferred to others in order to achieve organisational goals.
4. Coaches others and transfers communication skills and knowledge to others.
5. Able to communicate complex problems or concepts, by making them simple and understandable for others.
6. Adapts language to the level of the audience in order to ensure that the message has a positive impact and is interesting to the audience.
7. Is articulate, demonstrates a wide range of vocabulary, and is confident when talking to large/high level audiences.
Presentation Skills
1. Knows how to deliver arguments persuasively by employing a range of advanced presentation techniques (e.g. the appropriate use of body language, how to close a presentation so that the audience continues to think about the subject matter etc.).
2. Has knowledge of various feedback mechanisms to check levels of audience understanding.
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English 
FRENCH
