PIC Vacancies

To apply, click on the link at the end of the posts and all the best with your applications.

The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose
mandate is to make investments in various sectors of the economy on behalf of public sector
entities. Amongst our clients are the Government Employees Pension Fund, the
Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown
to be amongst the top, large investment managers in South Africa and the rest of the African
continent, with current assets under management at just over R2.6 trillion. At the centre of
our growth is a team of self-driven professionals who are results-focused.

Head- Unlisted Properties

We are currently seeking applications from dynamic individuals for the following position:

• Position: Head- Unlisted Properties
• *Job Grade: F1 – F2
• Ref: HP001
• Salary: All-inclusive remuneration package negotiable
• Centre: Pretoria, Properties Division

Purpose of the role:
To unlock value for Clients and to Provide Strategic leadership in repositioning the PIC Property portfolio
(direct and indirect assets) and related investment vehicles to generate commercial returns whilst impacting the socio-economic landscape as part of the developmental mandate of the PIC.

Requirements:

• Postgraduate degree in property studies, quantity surveying, building science, property
  development & management or equivalent qualification (NQF level 8).
• Business Management postgraduate qualification will be an added advantage.
• FAIS RE 01, RE 03 and RE 05 Certificate or must be obtained within 6 months of
  employment.
• Minimum 10 – 15 years’ experience within the Property Investment Industry of which 5
  years must be in Senior Management.
• Knowledge of Property Asset Management, Property Law, Property Development, Property
  Acquisition & Disposal, Accounting and performance calculation.
• Sound & Strong Leadership with prior Board experience.

Duties:

• Setting the overall strategic vision, leadership, growth and direction of the Properties
  division.
• Develop the unlisted property Investment strategy and oversee its implementation for
  optimal outcomes in line with client mandates and expectations.
• Lead dynamic teams in executing unlisted property investments ethically and efficiently.
• Continuous optimisation of property portfolios both direct and indirect assets and related
  investment vehicles to meet client return objectives
• Involvement at Senior Management/Executive level to ensure business efficiency and
  effectiveness.
• Portfolio risk management in line with client mandates.
• Leadership of the Unlisted Properties team.

Competencies and skills:

• Excellent communication skills
• Strong Property knowledge
• Facilities Management experience
• Strategic thinker
• Negotiation Skills
• Business Acumen
• Performance and Result oriented
• Ability to deal with pressure/stress
• Cost-consciousness (budgeting)
• Problem-solving
• Management Skills
• Organisational Leadership
• Ability to analyse and interpret complex data
• Knowledge and understanding of strategic and operational requirements of PIC

Our firm values diversity, and excellence and is committed to the realisation of these across all
operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to
be part of a team that is focused on creating meaningful change, you are welcome to submit your
application for this position.

Closing Date: 21 February 2025

• Grade Range: The grade range for this position is from F1 – F2, commensurate with applicable
  minimum requirements.
  The PIC is an equal opportunities employer, aligning appointments with the PIC Employment
  Equity plan.

Please forward a copy of your comprehensive curriculum vitae to: Recruitment4@pic.gov.za

Credit Risk Analyst

• Position: Credit Risk Analyst
• *Job Grade: D1 – D5
• Ref: CRA004
• Salary: All-inclusive remuneration package negotiable
• Centre: Risk Management Division, Pretoria

Purpose of the role:
To manage credit risk by way of identifying, quantifying, and reporting on various forms of credit
risk (e.g. pricing, volatility, and interest rate risk). To conduct ongoing research and
understanding of financial markets to understand trends and risks to ensure informed credit risk
recommendations. Prepare Credit reports, advising appropriate credit risk ratings, pricing,
exposure and making investment recommendations with respect to individual transactions.

Requirements:

• B Com Degree (Finance/Accounting), BSc (Actuarial/Mathematics) or any related
  Commercial degree
• Postgraduate Finance or Investment-related Degree, CFA, FRM, CAIA (Highly
  Advantageous)
• Minimum 4 years relevant experience in due diligence assessments of credit risk in
  Corporate Finance and Project Finance Deals.
• Minimum 4 years of credit risk experience in both unlisted and listed credit is highly
  advantageous.
• Knowledge of Credit Assessment Techniques for various asset classes
• Knowledge of Financial Modeling and Valuation techniques
• Knowledge of compliance requirements for investments in Asset Management

Duties:

• To provide expert advice on credit risk factors that may influence investment decisions
  made on PIC portfolios for both listed and unlisted investments.
• To participate in due diligence of investment considerations and to provide independent risk
  assessment detailed reports, with recommendations to the various committees to inform
  decision-making.
• To assess investment considerations against both the client mandates and the PIC’s
  internal investment-related and other applicable policies and processes, which assessment
  will form part of the overall risk assessment to inform decision-making.
• To conduct ongoing risk monitoring, at investment and portfolio level for reporting to PIC
  Management, Client and Board (as required)
• To participate in ad-hoc credit and investment risk-related projects and activities related to
  improving ways of measuring, managing, reporting and/or minimizing risk while ensuring
  maximized return on all PIC portfolios.
• To participate in quarterly monitoring of investments (as required), including impairment
  calculations.
• To participate in ad-hoc requests from clients and/or PIC management to provide input into
  the risks and opportunities for portfolio optimisation.
• Contribute to the enhancement of credit risk and investment risk processes to enable
  continued robustness of PIC’s risk management.
• To conduct ongoing research and understanding of financial markets to understand trends
  and risks to ensure informed credit risk recommendations.

Competencies and skills:

• Knowledge of systems used in investments to perform and apply analytical skills
• Valuation techniques for various asset classes (listed, unlisted and property assets)
• Credit risk management for various asset classes (listed, unlisted and property assets)
• Due diligence and Credit restructuring skills
• Knowledge and understanding of financial and non-financial risks
• Financial/Investment risk management
• Investment Compliance management
• Risk Monitoring and Reporting (‘Cradle to Grave’)
• Programming skills given the dependency on model usage
• Strong analytical skills
• Strong research skills
• Strong financial modelling skills
• Strong presentation skills (written and verbal)
• Ability to work and collaborate with multiple teams in the Investment Process
• Ability to work independently to execute mandated tasks
• Ability to communicate at senior management level
• Ability to work under pressure and tight deadlines
• Ability to travel (domestically and internationally) to conduct due diligence
• High degree of ethical conduct to ensure the integrity of the investment portfolios and the
  PIC

Our firm values diversity, and excellence and is committed to the realisation of these across all
operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to
be part of a team that is focused on creating meaningful change, you are welcome to submit your
application for this position.

Closing Date: 12 February 2025

• Grade Range: The grade range for this position is from D1 – D5, commensurate with applicable
  minimum requirements.
  The PIC is an equal opportunities employer, aligning appointments with the PIC Employment
  Equity plan.

Please forward a copy of your comprehensive curriculum vitae to: Recruitment4@pic.gov.za

We wish you all the best with your applications.