| JOB NAME |
Specialist: Business Rescue [Sandown Office - Sandown, GP ZA (Primary)]
POSTED BY: Industrial Development Corporation
REF:IDC 168
Date Published:Friday, October 29, 2021
Date of Expiration:Wednesday, April 27, 2022 EXPIRED
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| LOCATION OF THIS JOB |
 South Africa | SANDOWN OFFICE - SANDOWN, GP ZA (PRIMARY) in South Africa |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Closing Date of Advert 4/11/2021
Job Title Specialist: Business Rescue [Sandown Office - Sandown, GP ZA (Primary)]
Organizational Unit Industrial Development Corporation Ltd ->
Client Support and Growth -> Business Advisory and Turnaround Services
Job Type Full-time
Category Client Management
Education Level Honours Degree
Location Sandown Office - Sandown, GP ZA (Primary)
REPORTS TO: Manager - Turnaround, Business Rescue & Advisory Services
JOB PURPOSE
To provide advice to clients depicting early warning signs of distress, assist in curbing further distress; and where distress is encountered, influence and monitor implementation of rescue solutions for distressed clients that are either going through Business Rescue or require Business Rescue intervention in order to prevent further deterioration.
MAIN DUTIES AND RESPONSIBILITIES
1. Provide advice and support to sector SBUs and Post Investment Segments in respect of their clients who are showing early signs of operational and/or financial stress.
2. Assist in recommending the suitable Business Rescue Practitioner;
3. Attend all meetings to do with the specific Business Rescue process;
4. Plan and execute the Business Rescue process of IDC clients experiencing distress through:
5. Carry out Business Reviews to 1) diagnose cause of distress and 2) ascertain reasonable prospect of client becoming operationally and financially viable;
6. Determine the optimum Rescue solutions that will improve the company’s viability,
7. Determine the optimum Financial/non-financial Restructuring intervention that can be implemented to support the Rescue strategy
8. Influence the Business Rescue process for the benefit of the IDC;
9. Evaluate Business Rescue plan presented by the Business Rescue Practitioner and recommend changes;
10. Safeguard IDC’s Security position through maintaining and/or improving the recoverability of IDC’s exposure,
11. Draft and present submission reports to various decision making committees,
12. Review drafted legal agreements to ensure they capture the IDC credit committee approval,
13. Closely monitor the implementation of the Business Rescue strategy through attending Creditors meetings; Interaction with key stakeholders; regular client visits; etc.
14. Regularly update the Business Advisory & Turnaround monitoring platform (SAP) iro tracking progress against process and status update notes;
15. Attend and contribute to the monthly Business Advisory & Turnaround Portfolio Management meetings
16. Prepare and present regular monitoring submissions to Portfolio Monitoring Committee
17. Provide efficient service to both internal and external stakeholders/clients.
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| REQUIREMENTS FOR THIS JOB |
QUALIFICATIONS:
1. commercial qualifications e.g. BCom with post graduate degree / CA(SA) is a must
2. MBA / MBL would be an advantage
3. Business Rescue Analyst certification would be an advantage
4. Legal Qualification would be an advantage
KNOWLEDGE AND EXPERIENCE:
1. At least 5-8 years’ experience in a Turnaround and Restructuring environment - businesses experiencing distress.
2. Experience in Business Rescue advisory and processing
3. Knowledge of business and the diversity of risks that may affect businesses.
4. Good understanding of different types of security.
5. Good working knowledge of Chapter 6 Company’s Act, Contract, Taxation, IFRS and Insolvency legislation.
6. Good knowledge of Industry standards, technology trends and best practices
TECHNICAL COMPETENCIES
1. Business Turnaround & Rescue
2. Financial modelling
3. Analytical/Diagnostic Skills
4. Business/Commercial Acumen
5. Problem Solving/Solution Generation
6. Client Insights & Focus
7. Formulating strategies and concepts
8. Report writing Skills
9. Project Management Skills
10. Stakeholder Management
BEHAVIOURAL COMPETENCIES
1. Communication & Presentation skills
2. Creating & Innovating
3. Coping with pressure & set backs
4. Planning & Organising
5. Negotiating & Influencing
6. Networking Skills
7. Results Driven
8. Coaching & Mentoring
9. Deciding & Initiating
REQUIREMENT:
As our entity (IDC) Provides financing & funding, the need to ensure trust, honesty and integrity in all financial & non-financial activities must be above reproach
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English 
FRENCH
