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Senior Specialist: Business Rescue

Employer
talentCru
Location
Krugersdorp Krugersdorp Mogale City, South Africa
Salary
Competitive
Closing date
Jun 19, 2024

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Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
...
Provide advice and support to Sector Business Units (SBUs) and Post Investment Segments in respect of clients who are showing early signs of operational and/or financial stress.
Assist in recommending a suitable Business Rescue Practitioner;
Attend all meetings to do with the specific Business Rescue process;
Plan and execute the Business Rescue process for clients experiencing distress through:

Carry out Business Reviews to 1) diagnose the cause of distress and 2) ascertain reasonable prospects of the client becoming operationally and financially viable;
Determine the optimum Rescue solutions that will improve the company's viability,
Determine the optimum Financial/non-financial Restructuring intervention that can be implemented to support the Rescue Strategy
Influence the Business Rescue process for the benefit of the client;
Evaluate the Business Rescue plan presented by the Business Rescue Practitioner and recommend changes;

Safeguard the client's Security position by maintaining and/or improving the recoverability of exposure,
Draft and present submission reports to various decision-making committees,
Review drafted legal agreements to ensure they capture the credit committee approval,
Closely monitor the implementation of the Business Rescue strategy through attending Creditors meetings; Interaction with key stakeholders; regular client visits; etc.
Regularly update the Business Advisory Turnaround monitoring platform (SAP) iron tracking progress against process and status update notes;
Attend and contribute to the monthly Business Advisory Turnaround Portfolio Management meetings
Prepare and present regular monitoring submissions to the Portfolio Monitoring Committee
Provide efficient service to both internal and external stakeholders/clients;
...
To provide advice to clients depicting early warning signs of distress, assist in curbing further distress; and where distress is encountered, influence and monitor implementation of solutions for distressed clients that are either going through Business Rescue or require Business Rescue intervention in order to prevent further deterioration.
The incumbent must have commercial qualifications e.g. BCom with a post-graduate degree
MBA / MBL would be an advantage
Certificate in Business Rescue would be an advantage
At least 6-8 years' experience in a Turnaround and Restructuring environment - businesses experiencing distress.
Experience in Business Rescue advisory
Knowledge of business and the diversity of risks that may affect businesses.
Good understanding of different types of security.
Good working knowledge of Chapter 6 in the Company's Act, Contract, Taxation, IFRS, and Insolvency legislation.
Good knowledge of Industry standards, technology trends, and best practices
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