Turnaround Specialist

SUMMARY:
To rehabilitate the private sector non-performing loan book with the ultimate goal of ensuring a suitable recovery for the bank. The incumbent will be expected to give technical expertise using various turnaround methodologies to develop, implement and monitor turnaround plans/rehabilitation strategies for private sector non-performing loans

POSITION INFO:

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

 

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