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.

1. Associate Principal (Unlisted Investments)
2. Associate Principal Social Infrastructure
3. Investment Associate: Unlisted Investments
4. Investment Associate: Unlisted Investments (Social Investments)
5. Senior Manager: Direct Investments

Associate Principal (Unlisted Investments)

• Position: Associate Principal (Unlisted Investments)
• *Job Grade: E1 – E4
• Ref: APL017
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:

• To assist the Fund Principal in providing leadership and strategic vision for the fund
  investment business.

Requirements:

• Degree (finance and engineering) and relevant commerce degree
• Postgraduate qualification MBA/ M.Com/ MFI/MSc/CA/CFA/Engineering and/or any relevant
  Master’s degree or professional qualifications
• Postgraduate qualification in tax law/company law
• 5 to 8 years of Investment Experience
• FAIS Representative
• Negotiation and deal structuring
• Industry and sectoral research
• Advanced financial modelling skills
• Valuations

Duties:

• Maximize funds committed for investment
• Implement investment strategy and philosophy
• Proactively identify investment partners and opportunities
• Implement portfolio diversification strategy
• Lead and manage the whole investment process • Deal screening
• Deal screening
• Preliminary appraisal of deal
• Deal structuring, pricing and negotiation of term sheet
• Due diligence scoping, execution and review
• Industry and sectoral research analysis
• Motivation of investment thesis;
• Facilitation of contracting;
• Disbursement;
• Manage portfolio prudently and enforce ESG discipline;
• Develop and implement value enhancement strategies at investee company level;
• Negotiating exit of investment
• Risk management, compliance and reporting

Competencies and skills:

• Interpersonal skills
• Negotiation skills
• Good investment and people judgment
• Project Planning and implementation
• Time Management and prioritization

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: 11 June 2024

• 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: Recruitment 1@pic.gov.za

Associate Principal Social Infrastructure

• Position: Associate Principal Social Infrastructure
• *Job Grade: E1 – E4
• Ref: APL005
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:

• To assist the Fund Principal in providing leadership and strategic vision for the fund
  investment business.

Requirements:

• Degree (finance and engineering) and relevant commerce degree
• Postgraduate qualification MBA/ M.Com/ MFI/MSc/CA/CFA/Engineering and/or any relevant
  Master’s degree or professional qualifications
• Postgraduate qualification in tax law/company law
• 5 to 8 years of Investment Experience
• FAIS Representative
• Negotiation and deal structuring
• Industry and sectoral research
• Advanced financial modelling skills
• Valuations

Duties:

• Maximize funds committed for investment
• Implement investment strategy and philosophy
• Proactively identify investment partners and opportunities
• Implement portfolio diversification strategy
• Lead and manage the whole investment process • Deal screening
• Deal screening
• Preliminary appraisal of deal
• Deal structuring, pricing and negotiation of term sheet
• Due diligence scoping, execution and review
• Industry and sectoral research analysis
• Motivation of investment thesis;
• Facilitation of contracting;
• Disbursement;
• Manage portfolio prudently and enforce ESG discipline;
• Develop and implement value enhancement strategies at investee company level;
• Negotiating exit of investment
• Risk management, compliance and reporting

Competencies and skills:

• Interpersonal skills
• Negotiation skills
• Good investment and people judgment
• Project Planning and implementation
• Time Management and prioritization

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: 11 June 2024

• 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: Recruitment 1@pic.gov.za

Investment Associate: Unlisted Investments

• Position: Investment Associate: Unlisted Investments
• *Job Grade: D1 – D5
• Ref: INVA015
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:

• To assist the Associate Principal and Fund Principal in the execution of transactions

Requirements:

• Honours Degree (Finance, Engineering, Legal) and Relevant Commerce and Engineering
  Degree (Minimum qualifications)
• Postgraduate (e.g., Masters) qualifications (Preferred qualifications)
• CFA or CA would be an advantage
• At least 3- 5 years related experience
• FAIS Representative
• Negotiation and deal structuring
• Industry and sectoral research
• Advanced financial modelling skills
• Valuations

Duties:

• Deal screening and preliminary due diligence;
• Scoping of due diligence and preparation of scoping report;
• Preparation of engagement letter and indicative term sheet;
• Conduct of due diligence, Preparation of due diligence report and due diligence file;
• Develop industry and sectoral research database;
• Preparation of appraisal report;
• Development of financial models, including analysis of returns, sensitivities and
  scenario analysis;
• Assist in implementation of transaction;
• Assist in the management of portfolio prudently and enforcing of ESG discipline;
• Risk management and compliance;
• Monitor investments and review and analyse performance of investment;
• Client reporting and mentor junior staff

Competencies and skills:

• Interpersonal skills
• Planning and organising
• Presentation skills
• Negotiation and deal structuring skills
• Time 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: 11 June 2024

• 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: Recruitment 1@pic.gov.za

Investment Associate: Unlisted Investments (Social Investments)

• Position: Investment Associate: Unlisted Investments (Social Investments)
• *Job Grade: D1 – D5
• Ref: INVA004
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:

• To assist the Associate Principal and Fund Principal in the execution of transactions.

Requirements:

• Honours Degree (Finance, Engineering, Legal) and Relevant Commerce and Engineering
  Degree (Minimum qualifications)
• Postgraduate (e.g., Masters) qualifications (Preferred qualifications)
• CFA or CA would be an advantage
• At least 3- 5 years related experience
• FAIS Representative
• Negotiation and deal structuring
• Industry and sectoral research
• Advanced financial modelling skills
• Valuations

Duties:

• Deal screening and preliminary due diligence;
• Scoping of due diligence and preparation of scoping report;
• Preparation of engagement letter and indicative term sheet;
• Conduct of due diligence, Preparation of due diligence report and due diligence file;
• Develop industry and sectoral research database;
• Preparation of appraisal report;
• Development of financial models, including analysis of returns, sensitivities and
  scenario analysis;
• Assist in implementation of transaction;
• Assist in the management of portfolio prudently and enforcing of ESG discipline;
• Risk management and compliance;
• Monitor investments and review and analyse performance of investment;
• Client reporting and mentor junior staff

Competencies and skills:

• Interpersonal skills
• Planning and organising
• Presentation skills
• Negotiation and deal structuring skills
• Time 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: 11 June 2024

• 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: Recruitment 1@pic.gov.za

Senior Manager: Direct Investments

• Position: Senior Manager: Direct Investments (Ref: SM_DI14)
• Grade: E4 – F1
• Salary: All-inclusive remuneration package negotiable
• Centre: PIC Properties division, Pretoria

Purpose of the role:
To oversee property portfolios of both direct assets and investment vehicles pertaining to the directly held portfolio. To combine the strategic day-to-day running of the portfolio along with driving the added value initiatives, through development, acquisition and disposal, and reporting to the client.

Requirements:

• Honours BCom Finance degree or equivalent qualification (NQF level 8)
• Relevant MComm, MBA or MSc in Real Estate would be advantageous
• Minimum 10 – 12 years’ experience within the Property Investment Industry in Senior Management
  with at least 5 years’ experience in managing direct reports
• Knowledge of Property Asset Management, Property Management, Property Law, Property
  Development, Property Acquisition & Disposal, Accounting and performance calculation
• Sound, Strong and Ethical Leadership
• FAIS RE 05 Certificate or must be obtained within 6 months of employment

Duties:

• Effective management and oversight of property portfolio of direct assets and related investment
  vehicles
• Ensure achievement of market-related returns on investments and the existing portfolio
• Growth and Development of the portfolio in line with the requirements of the mandate and strategy
• Unlocking value for clients through underlying asset strategies
• Manage risk to ensure the stability of cash flows
• Initiation of effective internal business processes and procedures for the achievement of better
  efficiencies
• Accurately report to the Board, and relevant committees
• Oversight and development of investment strategies at a building and portfolio level
• Oversight and implementation of sustainable initiatives to drive efficiencies at a building and
  portfolio level
• Effective stakeholder management of Property Management function to ensure effective
  management of portfolio assets are performed
• Effective oversight and management of the Asset Management and Development Team to ensure
  that new and refurbished buildings are
• Effective management and oversight of Property Budgets
• Management and Monitoring of performance of staff in line with KPI’s

Competencies and skills:

• Excellent communication skills
• Negotiation Skills
• Time management
• Performance and Result oriented
• Ability to deal with pressure/stress
• Cost-consciousness (budgeting)
• Problem-solving
• Customer service orientated
• Management Skills
• Organisational Leadership
• Analytical thinker

Our firm values diversity, excellence and is commitment to realisation of these across all
operations and investment activities. If you are dynamic, resilient, agile, disciplined and are 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: 06 June 2024

• Grade Range: The grade range for this position is from E4 – F1, 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

All the best with your applications.