Senior Specialist: Business Rescue

• Minimum requirements: The incumbent must have commercial qualifications e.g.

• 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

• 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 the suitable Business Rescue Practitioner;
• Attend all meetings to do with the specific Business Rescue process;
• Plan and execute the Business Rescue process of the orginisations clients experiencing distress through:

• Carry out Business Reviews to 1) diagnose cause of distress and 2) ascertain reasonable prospect of client becoming operationally and financially viable;
• Determine the optimum Rescue solutions that will improve the company’s viability,Â
• 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 Business Rescue plan presented by the Business Rescue Practitioner and recommend changes;
• Safeguard the clients Security position through maintaining and/or improving the recoverability of the client’s exposure,
• Draft and present submission reports to various decision making committees,
• Review drafted legal agreements to ensure they capture the clients 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) iro 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 Portfolio Monitoring Committee
• Provide efficient service to both internal and external stakeholders/clients;

ExecutivePlacements.com