Fund Manager

Job category: Other:
Banking, Finance, Insurance, Stockbroking

Contract: Permanent

Remuneration: Market Related

EE position: Yes

To oversee and provide guidance on all aspects of deal making, execution and strategic planning related to deal sourcing and negotiates transactions as a member of a team. In addition, consistently lead transactions from identification, negotiations, closing and monitoring of investments. The Fund Manager will take final responsibility for the transactions as well as manage departmental budgets and targets, the team performance and be the custodian of external stakeholder relationships.

• Develop Business Development strategies and plans for uMnotho Fund by proactively identifying new opportunities and needs using market and customer intelligence.
• Lead the implementation of the Business Development plan and Strategy.
• Cultivate extensive networks within and outside NEF aimed at growing the reputation of NEF within the BEE financing, private equity, Development Finance Institution (“DFI’), commercial bank, financial intermediary arenas.
• Develop appropriate customer relationship strategies to deliver the uMnotho Fund products and services.
• Identify key role players and use a variety of techniques to influence and guide towards intended goals.
• Lead ongoing road shows / engagements with potential clients/intermediaries aimed at stimulating market awareness of the NEF’s products and services.
• Champion and contribute to the development of new products and services.
• Regularly lead NEF participation at conferences promoting NEF products, services and interventions to BEE market and other stakeholders.
• Assume responsibility for generating new business in accordance with targets set in performance contract.

• Produce the UMnotho Fund annual Business Plan adhering to the overall direction and guidance provided in the Divisional Strategic plan.
• Manage, monitor and report regularly to Divisional Executive:
  Venture Capital & Corporate Finance, Exco and other stakeholders on progress made against the KPA’s and KPIs’ set in the annual Business Plan.
• Develop Operating Manual for uMnotho Fund covering the uMnotho Fund investment process as well as due diligence guidelines, Investment Screening Report templates, Investment Paper templates.
• Annually review Operating Manual and operating procedures and implement required changes in consultation with Divisional Executive:
  Venture Capital & Corporate Finance and Exco.
• Develop and maintain standard financial models used by investment professionals in performance of the transaction appraisals.
• Contribute to the development of divisional strategy, policy, procedures and protocols.
• Proactively align cross-functional policies, procedures and protocols within the Fund Management Division by exploring dependencies and soliciting input.
• Facilitate own staff knowledge management by empowering staff to share knowledge and experiences.
• Coordinate training programs at Unit level aimed at ensuring staff members are trained on core competencies e.g. due diligence, financial modelling, term sheets etc.
• Champion knowledge sharing at a Divisional level by leading / facilitating workshops on topical issues involving internal and / or external experts on relevant topics.
• Provide ongoing guidance, mentoring and support to investment professionals with regards to the execution of investment proposals and transactions.
• Contribute to the establishment of NEF research database.
• Lead the development / growth of the uMnotho Fund investment portfolio on a sustainable basis by adopting sound investment discipline.
• Manage the optimal growth of the uMnotho Fund investment portfolio in line with performance targets.
• Manage the quality of the uMnotho Fund portfolio within impairment levels acceptable to the NEF stakeholders.
• Ensure that due diligence files are complete and reviewed either personally or by senior leadership within uMnotho Fund before submission outside the Unit.
• Ensure that Investment Papers and Financial models are complete…