Credit Portfolio Manager at Rory Mackie & Associates 2020

Due to business growth, AUM growth, inclusion of credit in their investment strategy as well as increasing capacity, our client is looking to hire a Credit Portfolio Manager/Head of Credit/Senior Credit Analyst. This role will be based in Cape Town and will report directly to the CIO.

Qualification and Experience:

• Bachelor of Commerce (Accounting/ Finance/Economics/ Financial Analysis) or equivalent qualification
• CA/CFA preferable
• Minimum of 7-10 Years extensive and relevant experience in commercial credit (i.e. listed and unlisted credit analysis, managing credit process, structured credit, project finance, securitisation transactions and portfolio management experience an advantage)

Role Description:
The successful candidate will be responsible for the following:

Credit Portfolio Management duties:

• Manage credit exposure in portfolios in accordance with prescribed investment mandates guidelines
• Developing and managing a credit investment strategy which leads to credit portfolio construction through selecting credit investment opportunities on relative value analysis
• Responsible for monitoring credit exposure in portfolios after the selection and execution of investment decision
• Must have a sound understanding of Legislation governing Investment funds
• Managing concentration risk
• Responsible for credit pricing
• Proactively seek credit investment opportunities in order to meet portfolio risk and return targets by engaging with external debt origination teams with regards to sourcing of suitable unlisted credit investments and by engaging with external parties (e.g. banks and arrangers) to source listed credit opportunities in the primary and secondary markets
• Risk analysis and reporting on credit exposure in portfolio relative to investment mandate guidelines and risk and performance benchmarks (including VAR metrics for specific portfolios)
• Formulate, articulate and present credit views and strategy
• Monitor domestic and global markets, analyzing their effect on investments to ensure the effective management of credit exposure in portfolios
• Engaging with clients and investment team in order to provide monthly performance feedback and for ad hoc requests

Credit Analysis and Process Management duties:

• Responsible for building, enhancing and maintaining the credit risk process
• Management of deal flow through deal sourcing and pipeline management
• Identify, develop and maintain counterparty and borrower relationships
• Management and coordination of new transactions including but not limited to pre-screening of transactions, deal/issuer analysis and due-diligence, financial structuring, deal negotiating, legal process, and closure/drawdowns, collateral registration and post deal monitoring
• Review and monitoring of existing transactions and oversee scheduled internal reviews, company visits and update reports
• Management of credit risk through sector and market research, investment mandate compliance and risk reporting
• Coordination of credit approval process
• Oversee the credit research process in terms of credit pricing
• Oversee credit risk analysis and valuations
• Management of credit team: assign responsibilities & manage performance (if and where applicable)
• Lead process and systems development
• Media engagement (i.e. articles, interviews, speaking engagements, etc.)
• Monitor credit markets and other relevant markets
• Keeping abreast of key issues in the credit market (for example legal, market risk and compliance issues)
• Assist in writing market reports to clients
• Collate and present credit data required by the team in making investment decisions
• Design and implement a consistent decision-making framework that optimizes return on VAR based credit limits. This should include pricing and risk management, and should encompass issuer, sectoral and correlated risks (CLN’s and CDS’s would form part of the investable universe).

Competencies (Capacity):

• Sound, proven analytical skills
• Logical thinking skills
• Relevant technical skills
• Excellent negotiation skills
• Strong and effective communication skills (verbal and written)
• Leadership/management skills
• Meticulous planning and excellent organization skills (Must value being organized, accuracy and attention to detail)
• Acute awareness and appreciation of detail, demands and deadlines
• Strong computer literacy (Office Suite with Advanced Excel skills)
• Problem solving skills
• Research and due diligence skills
• Strategic leadership and/or management skills
• System automation skills (Ability to automate processes/procedures and apply analysis in a database environment)
• Coordination skills
• Implementation skills
• Excellent decision making/judgement skills

About The Employer

Our client is a Cape Town based Investment Management company.