PIC Jobs

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.

Credit Risk Analyst

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

• Position: Credit Risk Analyst
• *Job Grade: D1 – D5
• Ref: CRA005
• 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 the 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 year’s relevant experience in due diligence assessments of credit risk in
  Corporate Finance and Project Finance Deals.
• Minimum 4 years 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
• A 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, disciplinedand willing to
be part of a team that is focused on creatingmeaningful change, you are welcome to submityour
application for this position

Closing Date: 12 March 2025

• Grade Range: The grade range for this position is from D1– D5, commensurate with applicable
  minimum requirements

Portfolio Management and Valuation Analyst (Isibaya)

• Position: Portfolio Management and Valuation Analyst (Isibaya) (Re-advertisment)
• *Job Grade: C3-C5
• Ref: PMVAI090724
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To maximise the value of assets under management by assisting in managing the portfolio of assets,
monitoring and driving the performance of the investments.

Requirements:

Minimum Qualifications :

• B Commerce Degree (finance, engineering, legal) or any other relevant commerce, science
  and engineering degree
• 2-3 years relevant experience
• Knowledge of Financial Analysis and interpretation
• Experience in Financial Modelling

Preferred Qualifications :

• Post Graduate Degree (finance, engineering, legal) or any other relevant commerce and
  engineering degree

Minimum Technical/Core Skill Requirement

• Credit risk assessment
• Financial analysis and interpretation
• Advanced financial modelling skills
• Ability to undertake research and derive portfolio-specific insights

Duties:

• Evaluating financial data, examining an investee’s financial statements, and creating financial
  models to predict the future performance of investee companies.
• Examining current macro-events and market developments and contextualising portfolio
  performance.
• Translate financial data into detailed presentations and easy-to-understand financial reports.
• Compile and consolidate portfolio reports and presentations to inform investment decisions.
• Development of financial models, including analysis of returns, sensitivities scenario analysis
  etc.
• Research and sectorial analysis to keep abreast with industry trends to identify growth
  opportunities and areas of concern.
• Assisting portfolio managers with their decision-making processes by providing strategic
  recommendations and supporting data analysis.
• Assist investment associates in complex portfolio actions to maximise the value of assets
  under management (such as restructuring, follow-on investments, debt conversion,
  rescheduling, amendments, and regular waivers).
• Assist with collecting information and maintaining up-to-date documentation of all investment
  relationships.

Competencies and skills:

• Strong numerical and verbal reasoning skills
• Analysing
• Writing and reporting
• Presenting and communicating information
• Ability to cope with pressure and setbacks
• Delivery of results and meeting expectations

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: 10 March 2025

• Grade Range: The grade range for this position is from C3-C5, 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 CV quoting “PMVAI090724” to Recruitment6@pic.gov.za

Assistant Company Secretary

• Position: Assistant Company Secretary
• *Job Grade: E1 – E3
• Ref: ACS/1203
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:

To actively assist the Company Secretary in delivering the Company Secretariat function with emphasis
on ensuring compliance in relation to issues of corporate governance, including responding to changes in
the regulatory environment

Requirements:

• Bachelor of Law Degree or Equivalent/ CIS Level 4
• Chartered or Company Secretarial or equivalent certification will be an advantage.
• 5 – 7 years of relevant working experience gained within a Company Secretariat
  environment
• Proven accurate minute-taking skills ESSENTIAL!
• Understanding of Corporate Governance principles

Duties:

• Ensure compliance with all applicable requirements of the PFMA, Company’s Act, PIC Act,
  King IV and other applicable legislation and regulations.
• Promoting knowledge and providing relevant information relating to corporate governance
• Providing advice and reports on compliance matters
• Drafting and reviewing of Committee Terms of Reference and Board Charter on an annual
  basis
• Monitor and provide guidance for compliance with DoA and the TORs within allocated
  Committees.
• Provides general support and maintenance of databases of information on Directors,
  subsidiary companies, signing powers, etc.
• Assist with administrative responsibilities within the group secretariat (SPVs and GEPF
  subsidiaries)
• Maintain declarations of interest and manage conflicts of interest.
• Contributing to governance processes within the Company Secretariat.
• Assist in liaising with the Committee Chairperson(s) and other Executive and Non-Executive
  Directors on a regular basis to ensure appropriate governance of Board Committees.
• Organizes and administers the smooth running of meetings for a portfolio of clients,
  producing accurate minutes, resolutions, and related documents.
• Management of Annual Work Plans for allocated Committees.
• Maintaining statutory records etc.
• Drafting and maintaining Committee Resolutions including the compilation of decisions for
  submission to the Board of Directors.

Competencies and skills:

• Knowledge and understanding of legislative requirements for PIC.
• Knowledge of corporate secretariat services management
• Business writing skills
• Thorough understanding of and ability to maintain high standards of ethics.
• Professional communication skills
• Writing skills and high attention to detail
• Analytical and research skills coupled with business acumen.
• Be able to manage yourself in circumstances and periods associated with demanding
  levels of pressure.
• Commercial/Corporate experience will be an advantage.
• Proactive risk management.

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: 10 March 2025

• Grade Range: The grade range for this position is from E1 – E3, 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: Recruitment5@pic.gov.za

PMV Associate (Properties) x2

• Position: PMV Associate (Properties) x2
• *Job Grade: D1-D5
• Ref: PMVAP210225
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To manage, monitor and analyse financial and non-financial performance information of Real Estate
Investments (Direct and Indirect Investments) and their respective counterparties. Overseeing allocated
investments against their long-term financial goals, risk mitigation and contributing to the developing value enhancement strategies.

Requirements:
Minimum Qualifications and Experience:

• B Com (Honours) in Commerce or B.Sc (Honours) in Finance, Property Studies related
  degree or any other related commerce and finance degree
• 4 – 5 years experience in post-investment management, with exposure to commercial
  property or other investments
• FAIS RE 05 Certificate or must be obtained within 6 months of employment

Preferred Qualifications :

• CA (SA), CFA or Master’s degree would be an advantage

Minimum Technical/Core Skill Requirement

• Experience in Financial Modeling
• Credit risk and investment assessment
• Financial analysis and interpretation
• Investment performance monitoring, review and analysis
• Investment report writing
• Negotiation and deal structuring
• Financial modelling, returns and scenario analysis
• Demonstratable deal-making experience (debt, equity and/or quasi-equity)
• Portfolio/post-investment management (unlisted investments)
• Portfolio company value add

Duties:

• Monitor and analyse financial and non-financial performance information of Property
  Investments and their respective counterparties.
• Develop monitoring plans and post-investment management strategy for all Unlisted
  Property investments.
• Develop an investment plan to be submitted together with the investment appraisal report.
• Monitor all investments (compliance and performance) in accordance with monitoring
  processes, policies, guidelines, frameworks and practices.
• Minimise impairments of investments through active monitoring of covenants and early
  remedial actions.
• Compile reports and present them to all Exco and Board sub-committees as well as Clients.
• Provide early warning signs to the Property Investments Team, Management and the
  respective Committees.
• Conduct investee companies and property site visits and maintain ongoing interactions with
  the investee companies.
• Risk mitigation and contributing to value enhancement strategies of property investments

Competencies and skills:

• Ability to present and Communicate information
• Excellent writing and reporting skills
• Negotiation skills
• Interpersonal skills
• Planning and organising
• Delivering results and meeting customer expectations
• Ability to cope with pressures and setbacks
• Strong quantitative and qualitative analytical skills to make sound investment decisions
• Self-starter
• Problem-solving skills and ability to innovate
• Work efficiently under pressure and ability to meet tight deadlines

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: 10 March 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, quoting the reference number, to:
Recruitment6@pic.gov.za

Click here to apply

We wish you all the best with your applications