| JOB NAME |
Head: Infrastructure Finance (IF)
POSTED BY: Development Bank of Southern Africa
REF:DBSA 110
Date Published:Wednesday, October 14, 2020
Date of Expiration:Monday, April 12, 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 DBS201009-2
Job Title Head: Infrastructure Finance (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 role of the Head: Infrastructure Finance is to provide a comprehensive suite of financing and advisory solutions for infrastructure development.
This is a Five (5) year Fixed Term Contract position. The Head: Infrastructure Finance will lead the IF to long-term financial strength through viable infrastructure financing projects and partnerships. The duties and responsibilities of the Head: Infrastructure Finance are detailed below:
Client Solutions:
Develop and deliver sustainable financing structures, models and solutions for IF clients through various products which include (amongst others) blended finance structures Public Private Partnerships (PPP) structures, B-BBEE funding structures, local currency funding, guarantees and derivative hedges.
Innovative financing instruments:
Develop and implement various innovative financing instruments to unlock and accelerate infrastructure delivery. These instruments include (amongst others) blended finance instruments, working capital facilities, bridging finance facilities, project bonds, CPI-linked debt, green bonds, project preparation facilities, construction performance bonds, price risk management and hedging products, customised vendor financing solutions
Financial Advisory Solutions:
Develop and implement financial advisory solutions for the IF including (amongst others)-mandated lead arranger (“MLA”) technical, financial, environmental, insurance bank services.
Fund Raising (Capital Markets):
Access financial markets to fund IF investments and operations to foster sustainable economic development, create wealth and improve infrastructure in South Africa by investing in infrastructure and other productive sectors.
Liquidity and Investment Management:
Oversee IF operational liquidity to ensure sufficient cash flows is available to meet financial commitments, such as loan disbursements and general operating expenses.
Portfolio Management:
Collaborate with amongst others, Head Portfolio Management, to proactively manage a portfolio of funds over and above operational liquidity to optimise portfolio returns while ensuring capital preservation within clearly defined credit, liquidity and market risk parameters.
Ensure that investments are diversified across several markets to deliver a favourable risk-return dynamic.
Asset Liability Management, Risk Management and Strategy:
Develop and implement Asset Liability Management, Financial and Risk Management policies and strategies. Work in partnership with external counterparts to hedge credit, foreign exchange, interest rate and market risk in line with approved policy/ies.
Deal Appraisal:
Proactively manage the team to ensure that all investment projects are taken to bankability through amongst others, evaluation of the feasibility of investment opportunities with a view of ensuring that they are commercially sound prospects for financing. This must be performed in alignment with the agreed strategy and mandate; due diligence process, deal structuring, facility agreements with clients, risk mitigation, etc.
Deal Execution:
Oversee the execution of transactions and drive the credit approval process to facilitate the structure and negotiate the detailed terms of the deal / transaction in liaison with Treasury, Legal, Portfolio Management teams to drive the approval of transactions through the various approval committees.
In liaison with the IF management team, resolve any potential constraints in the lending chain.
Risk Management:
Manage all risk aspects of the financing delivery function, in terms of ensuring appropriate structuring of investment risks and on-going mitigations of operations-related risks.
Ensure sound financial capital management through assuming responsibility for stewardship over the capital under management, and as well as efficient utilisation of financial resources.
Financial planning:
Oversee long-term financial planning and modelling in collaboration with the Treasury and Finance teams.
Funding Strategy:
Develop and implement the IF’s funding strategy to optimise borrowing costs at all times with the aim of providing tailor-made investment solutions. Develop investment proposals and support during preparations of terms and conditions of financing, discussions with potential investors, risk rating agencies, regulators, asset managers, pension funds, etc.;
Strengthen public sector capabilities in the development of Public Private Partnerships (PPPs) and in financing of large infrastructure projects in order to assist government’s efforts to advance Sustainable Development Goals (SDGs).
Stakeholder Relationships Management:
Develop and manage relationships with key stakeholders and decision makers (in government entities, development banks, private companies and commercial banks) to contribute to economic and infrastructure development.
Work on new or innovative projects and programmes with the aim of taking ideas from conception to completion.
Prepare various documents and management reports for Executive Committees, Boards and Stakeholders. 20. Perform other strategic duties as assigned.
KEY RESPONSIBILITIES
People Management
1. Provide direction and management to the direct reports to enable them to manage their portfolios effectively.
2. Fully resource the Infrastructure Finance Unit to ensure that there are adequate capacity/skills for successful delivery of work.
3. Develop and maintain sufficient depth in all critical functions, minimizing "key-man" risk.
4. Proactively support the bank's diversity strategies and initiatives.
5. Provide transferable skills, frameworks and guidance to promote empowerment of the team.
6. Promote DBSA values and a culture of High Performance in the IF.
Key Measurements of Outputs
1. Quality financial models and solutions
2. Value and number of project approvals, commitments and disbursements.
3. Value and number of projects prepared and committed for approval.
4. Value and number of funds under management secured
5. Value of infrastructure catalysed
6. Quality of asset/loan book (e.g. NPL ratio).
7. Value of Private & Public Sector partnerships and funding
8. Value of capital markets funding raised
9. Effective Liquidity and Investment Management
10. Issuance of Sustainable Development Bonds
11. Clean audit.
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| REQUIREMENTS FOR THIS JOB |
MINIMUM REQUIREMENTS
1. Post graduate degree in Development Finance, Finance, Business, Engineering or Economics. 2. 12 - 15 years demonstrable experience in project finance, the financial and infrastructure finance arena at a senior level.
3. Demonstrated experience in infrastructure finance and development.
4. Deal/Financial structuring and financial modelling of infrastructure projects for investment purposes.
5. Experience in investing in infrastructure in emerging markets, ideally in a diversified portfolio in different sectors of infrastructure (energy, transport, etc.).
6. Experience with working on new or innovative projects and programmes and proven ability to bring ideas from conception to completion.
7. Proven experience in project risk identification, management and mitigation.
8. In-depth knowledge of the banking sector and financial markets.
9. Comprehensive knowledge of the legal and regulatory environment for infrastructure procurement in SA.
EXPERTISE & TECHNICAL COMPETENCIES
1. 10. Good understanding of infrastructure investments.
2. Demonstrable experience in assessing investment transaction opportunities and projects from early review to bankable debt financing deals.
3. Experience with working with deal teams and assigning resources to conclude transactions. 13. Proven ability to negotiate and close deals.
4. Proven ability to provide value to transactions for the benefit of and/or the client through knowledge of the subject, innovation and lateral thinking.
5. Sound experience in private and public sector investments.
6. Experience in managing multi-billion-rand budgets.
7. Proven capability to engage with the CEO, Executives, Board Committees, Government and Private Sector Stakeholders at the highest level.
8. Demonstrated knowledge of legislation, regulations, policies, processes and procedures governing the infrastructure planning and development in South Africa (e.g. PFMA).
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 on the basis of 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.
REQUIRED PERSONAL ATTRIBUTES
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. c. Formulates and modify market approaches based on competitor analyses.
3. Leads the formulation, development and implementation of the business development strategy to generate new business opportunities in public and private sector delivery of infrastructure.
4. Identifies and develop new markets, products and clients.
5. Leads the participation and presentation of an organisation at investment conferences and roundtable discussions.
6. Coordinates business activities to ensure that investment initiatives are in support of government BEE strategies, broader national and regional economic development strategies.
7. Promote compliance and alignment with the strategic imperatives of both individual clients and the organisation of investment and development interventions.
8. Builds capacity to coordinate, control and manage the activities and efforts required for the implementation of the plan.
9. 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 the organisation’s 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.
4. Takes actions to fit business strategy.
5. Assesses and links short-term tasks in the context of long-term business strategies or perspectives.
6. 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.
7. Anticipates possible responses to different initiatives.
8. 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.
Deal Structuring
1. Uses credit enhancement techniques to structure deals and optimise pricing in terms of Basel principles.
2. Has an in-depth and practical understanding of how to optimise the Capital Structure, collateral package, and debt repayment profile.
3. Interrogates financial models, including those with a high degree of complexity, to develop an optimal structure.
4. Identifies complex structural issues that need escalation and proposes appropriate bankable structures.
5. Demonstrates knowledge on advanced structuring including the use of derivatives, syndicated loans, synthetic loans, securitisations, Inflation linked debt, credit default swaps and subordinated debt.
6. Prepares specialised or tailored reports relating to new innovative instruments, gather information from a variety of sources, analyse and include in a report to new products approval committees.
7. Compiles comprehensive specialist reports as required for inclusion into credit committee submissions.
Negotiation Skills
1. Has an appreciation of cultural sensitivities and differences.
2. Effectively employs a variety of advanced behavioural/interpersonal competencies to control the negotiation situation.
3. Is able to take the lead in a variety of sensitive negotiation situations requiring high levels of tact and diplomacy.
4. Is able to place a discrete negotiation situation within the context of a broader long-term relationship and is not threatened by conceding ground to protect the longer-term interests of DBSA.
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. b. Assembles and leads diverse and multi-disciplinary teams, ensuring maximum effective resource utilisation.
2. Successfully manages substantial project budgets and reports directly to senior managers on the progress and results of projects.
3. 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. c. Identifies and acts on opportunities to partner with other units in the department to achieve desired results.
3. 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.
4. Is able to determine which aspects of this knowledge area need to be transferred to others in order to achieve organisational goals.
5. Coaches others and transfers communication skills and knowledge to others.
6. Able to communicate complex problems or concepts, by making them simple and understandable for others.
7. 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.
8. 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 
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