Turnaround Specialist - Public Sector

Recruiter:

Data Centrix

Job Ref:

JHB005340/Nondu

Date posted:

Wednesday, April 28, 2021

Location:

Midrand, South Africa

SUMMARY:
Our client is currently in the process of recruiting for a Turnaround Specialist - Public Sector to rehabilitate the private sector non-performing loan book with the ultimate goal of ensuring a suitable recovery for the bank.

POSITION INFO:
Responsibilities:

Provide technical expertise using various turnaround methodologies to develop, implement and monitor turnaround plans/rehabilitation strategiesfor private sector non-performing loans
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
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 non-performing loans.
Establish, communicate and facilitate the use of appropriate turnaround and risk methodologies, tools and techniques for distressed and non-performing clients.
Work with other turnaround specialists within the Unit to maintain and improve the business rescue and turnaround capability

Qaulifications and Experience

Matric - Grade 12
Bachelor’s Degree in Finance or equivalent is required.
Business Rescue/turnaround management experience and qualification.
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.
Well-developed knowledge of business, management and finance philosophies, practices
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
Technical and business understanding to assist with the rehabilitation of non-performing loans.
8. Able to apply a wide range of financial and risk assessment and mitigation techniques to the client’s
business operations.
Develop innovative solutions, identify new areas of opportunity, and identify, analyze and address the appropriate risks in order to rehabilitate the client.
Maximise recoveries in as short a time as is reasonably possible

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Turnaround Specialist - Public Sector

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