Public Investment Corporation SOC Limited (PIC)

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.

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

1. Associate Fund Principal: Property Deals and Transactions
2. Portfolio Management and Valuations Associate – Properties

Associate Fund Principal: Property Deals and Transactions

• Position: Associate Fund Principal: Property Deals and Transactions (Ref: APPDT02)
• Grade: E1 – E4
• Salary: All-inclusive remuneration package negotiable
• Centre: PIC Properties division, Pretoria

Purpose of the role:
To assist the Fund Principal in providing leadership and strategic vision for the fund investment,
management, development, implementation and execution of a pipeline of property transactions for PIC
Properties and to deliver the pipeline according to the approved outputs and thereby generating fee income for the business unit.

Requirements:

• Honours degree in Finance, Commerce, Real Estate, or equivalent relevant qualification
• CA SA)/CFA and/or Relevant MCom, MBA or MSc in Real Estate would be advantageous
• 6 – 8 years Investment and deal experience in the property industry experience
• Technical Knowledge in Real Estate
• Deal Structuring expertise (equity and debt)
• FAIS RE 05 Certificate or must be obtained within 6 months of employment

Duties:

• Assist the Fund Principal in management of the deal pipeline;
• Proactively identify investment partners and opportunities
• Responsible for evaluating and unlocking value in the existing property portfolio in terms of
  feasibilities of sales and acquisitions.
• Oversee and manage the structuring of transactions that consider equity and debt
  components where applicable.
• Strategy implementation
• Play an active role in the production of committee reports to motivate deals/transactions
  proposed
• Oversee the production of quality committee reports to motivate deals proposed
• Risk management and compliance
• Human resource management
• Stakeholder management
• Continuously assess portfolio balance and diversification in line with annual property
  strategies
• Implement functional relationships with other asset holders/DFIs/government departments
  (eg. Conclude and implement MOUs);
• Present transactions to respective PIC Committees and PIC clients where necessary
• Manage transaction negotiation, due diligence, legal close and disbursement in an effective
  and timeous manner
• Develop and maintain professional and industry networks to maximise investment leads
• Implement and manage a reporting and management system that controls the pipeline
  management, board motivations, board reporting, deal status, etc.
• Research and maintain awareness of the market that may lead to/open up new
  opportunities and create a competitive advantage for the PIC and clients
• Oversee and actively manage in a timeous and effective manner deal/transaction
  assessments
• Manage, lead, mentor and advise a diverse investment team
• Develop and build a well-motivated and robust investment team

Competencies and skills:

• Technical knowledge of Real Estate
• Deal Structuring expertise (equity and debt)
• Financial management
• People management
• Strategic planning
• Negotiation and deal structuring
• Advanced financial modelling skills
• Industry and sectoral research
• Valuations
• Corporate Finance experience
• Target Driven
• Attentive to detail
• Performance Driven

Our firm values diversity, excellence and is committed to the 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 we welcome to submit
your application for this position.

Closing Date: 28 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: Recruitment4@pic.gov.za

Portfolio Management and Valuations Associate – Properties

*Job Grade: D1-D5

• Ref: PMVAP200624
• 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 Property
Investments (Direct and Indirect Investments) and their respective counterparties

Requirements:
Minimum Qualifications :

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

Preferred Qualifications :

• Masters Degree (finance, property studies, engineering, legal) or any other relevant
  commerce and engineering degree
• CA (SA), CFA

Minimum Technical/Core Skill Requirement

• Knowledge of Credit Risk Assessment
• Knowledge of Financial Analysis and Interpretation
• Experience in Financial Modeling
• Performance measure (IRR)
• Audit skills

Duties:

• Conduct financial analysis of investments
• Ensure that relationships with key stakeholders are well-maintained
• Attending Shareholder meetings and investee engagements (Shareholder activism)
• Prepare performance reports on the above matters for submission to governance committees
  in line with business stipulated frequency
• Identify timeous warning signals for investments with a high probability of defaults in line with
  the rating matrix
• Collect reportable information from investee companies in line with the approved process
• Validate and analyse PMV information provided by investee companies (analytical review)
• Contribute to knowledge management process (development of lessons learnt and best
  practices) and assist in the structuring of transactions
• Research and sectorial analysis

Competencies and skills:

• Ability to present and communicate information
• Excellent writing and reporting skills
• Good 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 decisions
• Self-starter
• Problem-solving skills and ability to innovate

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: 27 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 quoting “PMVAP200624” in the subject line
to: Recruitment6@pic.gov.za

All the best with your applications.