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.

Portfolio Manager (Rest of Africa – Ex SA)

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

• Position: Associate: Workout and Restructuring (Re-advertisement)
• *Job Grade: D1-D5
• Ref: AWR150525
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To manage and monitor investments from compliance to legal agreements, investment performance and
TOVA issues, including Liquidations and Business Rescue Processes.

Requirements:
Minimum Qualifications and Experience:

• B Com (Honours) in Finance or B.Sc (Honours) in Finance or any other similar commerce,
  engineering, legal, internal audit or finance degree
• A minimum of 6 years experience in commercial/corporate turnarounds and rehabilitation, in
  an asset management, private equity organisation, financial institution or consulting firm in
  the areas of financial management, business processes, HR management and structures,
  systems and related areas
• FAIS RE 05 Certificate or must be obtained within 6 months of employment

Preferred Qualifications :

• Professional qualification in finance, engineering, legal, internal audit or any other similar
  relevant degree
• Chartered Accountant, CFA, Master’s degree or Certified Rescue Analyst (CRA) would be
  an advantage
  Key Technical/Core Skills Requirement – experience in at least 4 areas must be demonstrated
• Knowledge of credit risk assessment
• Knowledge of Financial Analysis and Interpretation
• A well-developed knowledge of business, management and finance philosophies and
  practices.
• Well-developed knowledge of working in a consulting environment solving problems for
  organisations or companies in the areas of balance sheet and income statement
  management, general financial management, business processes, HR structures, processes
  and capacity, governance, accounting and other systems and general evaluation of
  businesses.
• Ability to apply technical and business understanding to assist with the rehabilitation of nonperforming assets.
• Ability to apply a wide range of financial and risk assessment and mitigation techniques to
  the client’s business operations.
• Dealing with private sector / commercial workout turnarounds
• Experience of the legal process associated with turnarounds /workouts, business rescue and
  liquidations.
• Experience in Investment Analysis and Financial Modelling
• Experience in working with Government, SOE’s and the Auditor General
• Experience in managing consultants and holding them accountable for outcomes within
  budgeted timeframes

Duties:

• Prepare submission reports for the various committees, clients and other stakeholders
• Review submission documents prepared by PMV and ESG for the movement of investments
  to Turnaround
• Assist in drafting RFPs for approval by the AFP &/ FP
• Monitoring of investments against Turnaround Plans
• Provide early warning signals to the Manager on new developments not already identified at
  date of transfer
• Update database of investee companies, research and analysis for all investments moved to
  the Turnaround portfolio
• Conduct portfolio company visits and maintain ongoing interactions with the portfolio
  companies;
• Conduct detailed financial analysis on investee companies
• Assist in due diligence scoping and conducting due diligence for investments that may be
  required to implement the turnaround plan
• Assist in the drafting of legal agreements
• Assist in the restructuring of the transaction
• Perform/Assist in Valuations if part of the Turnaround Plan
• Updating of valuations model and database
• Data capturing (capturing all the investee companies’ data into the systems)
• Development of post-investment plan to be submitted together with the investment appraisal
  report
• Assist in managing investees in Business Rescue by Monitoring the BR procedure.
• Assist in managing clients in Liquidation
• Liaison with the Auditor General
• Liaison with Clients

Competencies and skills:

• Problem-solving skills
• Pro-active management of deliverables
• Providing innovative solutions to challenges
• Strong business acumen
• Good report writing and presentation skills to internal and external stakeholders
• Excellent communication skills (oral and written)
• Interpersonal skills
• Negotiation skills
• Planning and organising
• Time management
• Performance and result-oriented
• Ability to deal with stress/pressure
• Strong quantitative and qualitative analytical skills
• Customer service oriented

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: 2 June 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

Assistant Portfolio Manager (Consumer) (Re-advertisement)

• Position: Assistant Portfolio Manager (Consumer) (Re-advertisement)
• *Job Grade: E1-E2
• Ref: APMC270525
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To carry out in-house equity research, supply Head of Equities and Portfolio Manager: Consumer with
equity buy or sell recommendations to enable PIC to meet its investment targets. To also assist with the
maintenance of the house view as far as it relates to the [relevant sector] and to supervise analysts.

Requirements:
Minimum Qualifications:

• B Degree in Commerce, Finance or Science
• At least 7 years relevant experience
• FAIS representative
  Preferred Qualifications:
• Postgraduate degree in commerce, finance, or science
• CFA / SAICA or Similar
  Minimum Technical/Core Skill Requirement:
• Investment analysis
• Evaluate market intelligence
• Recommend sector stock
• Stock specific research
• Equity market research
• Complete and customise excel-based valuation models
• Maintain, develop, and update fundamental equity models

Duties:

• Consumer stocks recommendation with detailed investment thesis to develop and customize
  valuation models
• Detailed presentation of these recommendations to both the Portfolio Manager: Consumer
  as well as the Internal Listed Equities team
• Awareness of portfolio and stock exposures
• Timely maintenance of valuation models to factor for new market information
• Provision of investment thesis, valuations, industry and company information
• Supervise the analyst

Competencies and skills:

• Self-starter
• Ability to cope with pressure and setbacks
• Strong numerical skills
• Communication and Presentation skills
• Excellent writing skills
• Thorough and accurate analysis
• Interpersonal skills
• Planning and organising
• Delivering results and meeting customer 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: 02 June 2025

• Grade Range: The grade range for this position is from E1-E2, 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

Associate: Workout and Restructuring (Re-advertisement)

• Position: Associate: Workout and Restructuring (Re-advertisement)
• *Job Grade: D1-D5
• Ref: AWR150525
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To manage and monitor investments from compliance to legal agreements, investment performance and
TOVA issues, including Liquidations and Business Rescue Processes.

Requirements:
Minimum Qualifications and Experience:

• B Com (Honours) in Finance or B.Sc (Honours) in Finance or any other similar commerce,
  engineering, legal, internal audit or finance degree
• A minimum of 6 years experience in commercial/corporate turnarounds and rehabilitation, in
  an asset management, private equity organisation, financial institution or consulting firm in
  the areas of financial management, business processes, HR management and structures,
  systems and related areas
• FAIS RE 05 Certificate or must be obtained within 6 months of employment

Preferred Qualifications :

• Professional qualification in finance, engineering, legal, internal audit or any other similar
  relevant degree
• Chartered Accountant, CFA, Master’s degree or Certified Rescue Analyst (CRA) would be
  an advantage

Key Technical/Core Skills Requirement – experience in at least 4 areas must be demonstrated

• Knowledge of credit risk assessment
• Knowledge of Financial Analysis and Interpretation
• A well-developed knowledge of business, management and finance philosophies and
  practices.
• Well-developed knowledge of working in a consulting environment solving problems for
  organisations or companies in the areas of balance sheet and income statement
  management, general financial management, business processes, HR structures, processes
  and capacity, governance, accounting and other systems and general evaluation of
  businesses.
• Ability to apply technical and business understanding to assist with the rehabilitation of nonperforming assets.
• Ability to apply a wide range of financial and risk assessment and mitigation techniques to
  the client’s business operations.
• Dealing with private sector / commercial workout turnarounds
• Experience of the legal process associated with turnarounds /workouts, business rescue and
  liquidations.
• Experience in Investment Analysis and Financial Modelling
• Experience in working with Government, SOE’s and the Auditor General
• Experience in managing consultants and holding them accountable for outcomes within
  budgeted timeframes

Duties:

• Prepare submission reports for the various committees, clients and other stakeholders
• Review submission documents prepared by PMV and ESG for the movement of investments
  to Turnaround
• Assist in drafting RFPs for approval by the AFP &/ FP
• Monitoring of investments against Turnaround Plans
• Provide early warning signals to the Manager on new developments not already identified at
  date of transfer
• Update database of investee companies, research and analysis for all investments moved to
  the Turnaround portfolio
• Conduct portfolio company visits and maintain ongoing interactions with the portfolio
  companies;
• Conduct detailed financial analysis on investee companies
• Assist in due diligence scoping and conducting due diligence for investments that may be
  required to implement the turnaround plan
• Assist in the drafting of legal agreements
• Assist in the restructuring of the transaction
• Perform/Assist in Valuations if part of the Turnaround Plan
• Updating of valuations model and database
• Data capturing (capturing all the investee companies’ data into the systems)
• Development of post-investment plan to be submitted together with the investment appraisal
  report
• Assist in managing investees in Business Rescue by Monitoring the BR procedure.
• Assist in managing clients in Liquidation
• Liaison with the Auditor General
• Liaison with Clients

Competencies and skills:

• Problem-solving skills
• Pro-active management of deliverables
• Providing innovative solutions to challenges
• Strong business acumen
• Good report writing and presentation skills to internal and external stakeholders
• Excellent communication skills (oral and written)
• Interpersonal skills
• Negotiation skills
• Planning and organising
• Time management
• Performance and result-oriented
• Ability to deal with stress/pressure
• Strong quantitative and qualitative analytical skills
• Customer service oriented

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: 2 June 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

We wish you all the best with your applications