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Senior Manager - Enterprise Finance

Employer
Abantu Staffing Solutions
Location
East London East London Buffalo City, South Africa
Salary
Competitive
Closing date
May 26, 2024

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Job Role
Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Description
Overview:
The successful candidate will be responsible for:

leading, managing and co-ordinating the provision of enterprise finance services in the organisation, constituting long and short-term loans, risk capital, micro-lending, and third-party funding to promote access to finance by businesses, with a view to advancing the growth and development priorities of the Eastern Cape province.

the design of responsive enterprise finance products and provision of related support services

the design and management of processes and systems relating to loan applications, processing, approvals, feedback management, pay-outs, collections, monitoring and reporting.

functions relating to support services, such as the design and formulation of governance and administrative systems required for the effective rendering of enterprise finance services

overseeing client contracting and management of securities relating to approved loans

managing the performance of the loans book, particularly matters relating to collection and impairment rates.

Minimum requirements:

Degree in Commerce (Business Management / Economics/ Finance /etc.) or Development or Entrepreneurship studies
Relevant post-graduate qualification
Minimum of 10 years working experience of which 5 years should be at an enterprise finance, SMME support or economic development environment at a middle management or senior consultancy level.

The Key Performance Areas will encompass:

Strategic Planning and Governance

Provide input to the organisational strategy and Corporate Plan.
Provide input into reviewing organisational activities and assist in recommending corrective actions if necessary.
Develop unit operational plans and align all activities undertaken in the unit to ensure delivery of corporate objectives.
Enhance and implement treasury regulation systems, processes, procedures, tools, and control systems.
Ensure monthly, quarterly, and annual reports are prepared accurately, maintained, and submitted timeously to all stakeholders.
Implement controls within the section which minimize potential risk to stakeholders.
Manage preparation and support of all internal and external audits.
Participate in management forums within the organisation, contributing expertise to enable sound decision making.
Facilitate departmental communication through appropriate structures and systems.
Develop and manage relationships with all internal and external stakeholders.

Provision of management and oversight of funding solutions.

Design and package relevant funding solutions to address the financial needs of businesses/SMMEs including the following:

Short- and long-term loan products
Risk capital
Partneships and resource mobilisation
Micro- lending .

Monitoring of the implementation of the loan security regime.
Manage and oversee the provision of funding solutions to improve the sustainability of businesses.
Develop and ensure that loan collection management is undertaken.
Develop loan security regime and due diligence framework for all products.
Develop loan monitoring framework and its implementation and ensure safeguarding of all security documents for the portfolio.

Development of policies, procedures, and systems for all funding products

Develop funding frameworks for the funding solutions and ensure compliance with the relevant legislation for all enterprise finance products.
Develop Standard Operating Procedures for all products.
Design and formulate governance and administrative systems required for the effective rendering of enterprise finance services.
Oversee the productivity activities of businesses which includes conducting feasibility studies, listing targeted markets, and setting business goals.

Portfolio Management and Aftercare

Oversee the loan portfolio monitoring and aftercare services on all approved financial products.
Oversee the provision of pre-investment business needs analysis, identify key support interventions and ensure implementation of those interventions post-investment by the organisation
Oversee the management of workouts / restructuring of funded businesses and monitor follow-up and recovery of funds disbursed.
Establish partnerships with institutions to increase access to financial services for enterprises and for the roll out of the enterprise finance programmes.
Oversee credit control, collections, and portfolio performance to ensure that financial services are provided and managed to optimise entrepreneurship and sustainable livelihoods.
Ensure provision of monthly reports and facilitate corrective measures if required.

Budget Management of Unit

Manage, control the capital and operational budget of the Unit to ensure effective and efficient functioning within budgetary constraints of the organisation.
Evaluate the unit's performance against the approved budget and addressing deviations/variances.
Monitor, recommend and implement corrective measures to rectify deviations/acts contrary to budgetary provisions, financial regulations, audit requirements and departmental procedures.
Authorise requisitions, payments, etc. regarding expenditure as delegated.
Prepare and present reports detailing the status of expenditure and availability of funds for current and short-term interventions.
Prepare budget transfer requests and submit for approval.
Sound planning and forecasting of capital expenditure within area of responsibility.

People Management

Assign responsibilities and ensure effective task authorisation protocols are in place.
Implement staff development and training to achieve overall organisational objectives.
Develop and implement succession plans.
Adhere to employment equity and recruitment policies.
Manage the performance of direct and indirect reports in accordance with the organisation's performance management policy and procedure.
Identify training and development needs, implementing plans to address requirements, as appropriate.
Manage discipline and absenteeism in accordance with organizational codes and procedures.
Motivate staff through the implementation of various reward mechanisms."

Development of policies, procedures, and systems for all funding products

Develop funding frameworks for the funding solutions and ensure compliance with the relevant legislation, inclusive of the following categories:

Short- and long-term loan products
Risk capital
Partnerships and resource mobilisation
Micro lending"

Develop Standard Operating Procedures for all products.

Customer and Stakeholder Management

Conduct stakeholder mapping and relationship building sessions for purposes of establishing expectations and feedback on the organisation's regional performance.
Build and lead an effective team that works collaboratively with others toward achieving organisational goals.
Gauge the performance of various teams and recommend areas that need improvement and changes to achieve the expected targets.
Identify and facilitate staff development and training interventions to achieve overall organisational objectives.
Provide exemplary advice and support to the CEO, Board and Senior Management team in relation to stakeholder engagement issues and activities.
Arrange, attend, and contribute to meetings with key stakeholders and manage expectations.

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