PIC Jobs

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

Head: Unlisted Investments

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.

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

Centre: Pretoria, Unlisted Investments Division

Position: Head: Unlisted Investments

*Job Grade: F1- F2

Ref: HUI/25

Salary: All-inclusive remuneration package negotiable

Purpose of the role:
The position’s primary role is to lead the division and provide strategic direction in fulfilling the PIC mandate as an Investment Manager

Requirements:

• Postgraduate degree in Finance, Economics, Business, or related field. CFA, CAIA, CA or
  MBA preferred.
• Minimum 15 years relevant experience of which 5 years must at least be in senior
  management with relevant experience in team leadership and People management
• Deep understanding of local private markets, fund structures, valuation methodologies, and
  market dynamics.
• Proven track record in sourcing, executing, and managing unlisted investments
• Knowledge of risk management
• FAIS RE5, RE1 and RE3 (or to be obtained within 6 months)

Duties:

• To provide strategic vision, leadership and management of the Private Equity, Fund of Funds,
  Structured Products, Debts and Structuring Investment Pillars and Impact Investment pillars
  excluding infrastructure-related investments
• Strategy formulation, implementation, review, and adaptation
• Contribute to the implementation of deal origination strategy of all other Unlisted Funds
• Develop and implement functional relationships with other local and international asset
  holders/DFIs/government departments (e.g. Conclude and implement MOUs)
• Develop and implement a portfolio diversification strategy
• Team leadership to make investments efficiently (i.e., quick turnaround, staff productivity)
• Stakeholder management
• Lead a dynamic team of professionals

Competencies and skills:

• Conceptual & Strategic Thinking
• Analysis and attention to details
• Business and financial acumen
• Judgement and Problem-solving
• Drives consistent results
• Build collaborative relationships
• Interpersonal agility
• Influences with impact
• Inspires shared vision and purpose
• Plans, organizes and monitors work
• Lead change
• Build capability
• Interpretation of client mandates
• Tactical asset and sector allocation
• Research on investment information

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: 17 June 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: Recruitment1@pic.gov.za

Portfolio Manager (Resources)- Readvertisement

• Position: Portfolio Manager (Resources)- Readvertisement
• *Job Grade:E2-E4
• Ref:PMR220425
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To oversee the daily management of the Resources equity portfolio, ensuring an informed investment
perspective that influences sector allocation decisions beneficial to the PIC’s equity portfolio. This role also involves delivering investment insights to both internal and external clients of the PIC and effectively
managing the activities of the Assistant Portfolio Manager and Analysts within their designated sector or
cluster.

Requirements:
Minimum qualifications and experience:

• B degree in Commerce, Finance or Science
• At least 8 to 10 years relevant experience
• Extensive Senior Management experience (At least 5-10 years)
• FAIS Representative (or must be obtained within 6 months of employment)

Preferred Qualifications:

• Postgraduate degree in Commerce, Finance or Science
• CFA Institute / SAICA/ or Similar

Minimum Technical/Core Skill Requirement

• Investment analysis
• Evaluate market intelligence
• Recommend sector stocks
• Portfolio construction and maintenance
• Risk and Return attribution
• Develop excel-based valuation models
• Manage the fundamental equity models
• People Leadership

Duties:
Portfolio Management of sector Fund in order to generate superior returns;

• Synthesize Macro and Micro Economic variables and their impact on the sector and
  companies
• Provide investment thesis, industry and company valuations for decision-making
• Detailed analysis of companies and sectors to provide investment calls
• Provide Investment Reports to governance structures and clients.
• Develop customized Valuation Models
• Lead a team of Investment Professionals (Assistant PM and Analyst(s))

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
• Leading and supervising
• Strategic orientation

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: 16 June 2025

• Grade Range: The grade range for this position is from E2-E4, 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 position reference number, to:
Recruitment6@pic.gov.za

PMV Associate (Properties)- Readvertisement

• Position: PMV Associate (Properties)- Readvertisement
• *Job Grade: D1-D5
• Ref: PMVAP080525
• 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 post investment plan to be submitted together with the investment appraisal reports.
• 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: 09 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

Senior Credit Risk Analyst

• Position: Senior Credit Risk Analyst
• *Job Grade: E1 – E4
• Ref: SCRA001
• Salary: All-inclusive remuneration package negotiable
• Centre: Pretoria, Risk Division

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, and exposure and making investment
recommendations concerning individual transactions.

Requirements:

• Postgraduate degree in commerce, science, engineering or any related equivalent
  qualification
• CFA, FRM, CAIA, CA(SA) and/or equivalent advantageous
• 6 – 8 years investment risk management experience
• Sound understanding both in terms of depth and breadth of investment and credit risk
  management principles
• Credit risk experience in both unlisted and listed credit will be highly advantageous.

Duties:

• 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 provide subject matter expertise on the risk factors that affect one or more of the asset classes
  that are managed by the PIC.
• Advise investment teams on appropriate pricing terms, structuring, credit enhancement or risk
  mitigation strategies.
• To run with pilot/research projects related to improving ways of measuring, managing and/or
  minimizing investment risk while ensuring maximized return on all PIC portfolios.
• Prepare Credit reports, determine the credit risk rating of new counterparties, recommend
  appropriate debt pricing, and make investment recommendations with respect to the individual
  transactions to management and clients.
• Review existing investments credit ratings and conduct impairment calculations.
• To implement effective investment/credit risk management practices within the PIC.
• Lead, mentor and develop graduates and analysts.

Competencies and skills:

• Strong Valuation techniques for various asset classes (listed, unlisted and property assets)
• Strong Credit risk evaluation skills for various asset classes (listed, unlisted and property assets)
• Strong restructuring skills
• Compliance management
• Sound understanding of Risk management principles, standards and practices
• Strong knowledge and understanding of financial and non-financial risks
• Financial/Investment risk management
• Programming skills
• Strong quantitative and 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 with senior management
• Ability to work under pressure and to deadlines
• Ability to travel (domestically and internationally)
• Working Knowledge of systems used to perform and apply analytical skills
• 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: 6 June 2025

• Grade Range: The grade range for this position is from E1 – E4, 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

Portfolio Manager (Rest of Africa – Ex SA)

• Position: Portfolio Manager (Rest of Africa – Ex SA)
• *Job Grade:E2-E4
• Ref:PMR260525
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To oversee the daily management of the Rest of Africa (Ex-SA) equity portfolio, ensuring an informed
investment perspective that influences sector allocation decisions beneficial to the PIC’s equity portfolio.
This role also involves delivering investment insights to both internal and external clients of the PIC and
effectively managing the activities of the Assistant Portfolio Manager and Analysts within their designated
sector or cluster.

Requirements:
Minimum qualifications and experience:

• B degree in Commerce, Finance or Science
• At least 8 to 10 years relevant industry experience
• At least 5-10 years Senior Management experience
• FAIS RE 05 Certificate

Preferred Qualifications:

• Postgraduate degree in Commerce, Finance or Science
• CFA Institute / SAICA/ or Similar

Minimum Technical/Core Skill Requirement

• Investment analysis
• Evaluate market intelligence
• Recommend sector stocks
• Portfolio construction and maintenance
• Risk and Return attribution
• Develop excel-based valuation models
• Manage the fundamental equity models
• People Leadership

Duties:
Portfolio Management of sector Fund to generate superior returns;

• Synthesize Macro and Micro Economic variables and their impact on the sector and
  companies
• Provide investment thesis, industry and company valuations for decision-making
• Detailed analysis of companies and sector to provide investment calls
• Provide Investment Reports to governance structures and clients.
• Develop customized Valuation Models
• Lead a team of Investment Professionals (Assistant PM and Analyst(s))
• Travel nationally and internationally will be mandatory

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
• Leading and supervising

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: 09 June 2025

• Grade Range: The grade range for this position is from E2-E4, 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 position reference number, to:
Recruitment6@pic.gov.za

Click here to apply

We wish you all the best with your applications