Turnaround Specialist - Public Sector

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

• 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

NB! This job is now closed. You can apply for other jobs by uploading your CV.