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Secondments

TURNAROUNDS WORKOUTS AND RESTRUCTURE MANAGER

Secondments

  • R00 per month
  • Permanent Management position
  • Sandown
  • Posted 13 Aug 2025 by Secondments
  • Expires in 34 days
  • Job 2619441
Apply Now

About the position

Job purpose:

To manage the Turnarounds, Workouts & Restructuring team with the view of maximising recoveries and minimising losses. Furthermore, coordinate the prevention of financial and business failure from defaulting and or financially underperforming and distressed clients.

Outputs

Workouts

  • Ensure optimal solutions are provided to our clients experiencing financial difficulty.
  • Provide input and guidance with regards to transactional matters on restructuring, turnaround, workout, litigation, monitoring and exit.
  • Ensure that restructured clients are effectively managed in order to ensure success of a turnaround and maximize the return on investment.
  • Interact with other business units, to ensure thorough portfolio management, adequacy of reserves and proper risk ratings are allocated.
  • Interact with external stakeholders' e.g. financial advisors, lawyers to evaluate workouts situations and to craft and deploy recovery strategies.
  • Work closely with Post Investment and Legal Services Departments to timeously institute legal action and speedy settlement on litigation matters.
  • Preparing various periodic reports for presentation at PMC, EXCO IC Board IC and Board.
  • Utilise own and expert knowledge, experience, and best practices to guide the team in the fulfilment of its roles.
  • Review the necessary reports to senior management, various committees and Board.
  • Manage a portfolio of distressed transactions.

Turnarounds

  • Devise plans for turnaround of delinquent / distressed businesses and ensure investees implement same.
  • Prepare formal credit write-ups and present transactions for approval within organisational standards.
  • Negotiate resolution strategies with borrowers, vendors and other interested parties. Work closely with legal counsel in structuring and negotiating business rescue, turnaround and restructure transactions.
  • Interact with CEO/CFO levels in investee companies.
  • Ensure compliance with all reporting and regulatory requirements.
  • Provide risk assessment of transactions.

Financial Management

  • Prepare budget and the control of expenses within budget limits and company policy directives.
  • Ensure compliance and adherence to the company's financial policies.

Risk Management

  • Ensure that early warnings signs and other key risks factors are proactively identified by the team.
  • Continually manage portfolio such that onerous exposure to single clients is not experienced.
  • Follow up and implement recommendations of internal and external audit findings.
  • Ensure all weaknesses in system are identified and necessary remedial or risk mitigation measures are put in place.
  • Aware of the possibilities and consequences that could have an adverse effect on the company's financing portfolio due to unforeseen event(s).

Strategic Planning

  • Annually prepare, finalise, procure approval and implement a strategy for the Department.
  • Ensure staff buy-in into strategy.
  • Drive strategic thinking and direction in the Department.
  • Develop appropriate strategies to resolve distressed transactions.

People Management

  • Ensure that the department is adequately staffed with suitably qualified specialist and support staff.
  • Compile job descriptions for the team and ensure they are fully conversant with the content thereof.
  • Manage staff performance continuously to ensure maximum productivity and healthy staff morale.
  • Initiate personal development programmes for staff, where relevant, or as may be required from time to time.
  • Conduct annual and bi-annual performance reviews for all staff.
  • Conduct regular planning sessions and progress meetings with staff to ensure proper control and dissemination of information and coordination of activities.

Experience and qualifications

  • Minimum of 5 years managerial experience in a Workouts or Post Investments is required.
  • At least 3 years' experience in restructuring / turnaround and business rescue.
  • Credit experience is essential, including deal structuring, analysing financial statements and credit assessment.
  • Strong numerical skills and financial acumen to analyse, evaluate and identify trends in complex consolidated financial statements, balance sheets and ratios
  • Understanding or exposure to different business sectors
  • Knowledge of Chapter 6 of Companies Act of 2011 and other relevant similar legislation
  • Ability to build and analyse financial models, financials and sensitivity analyses
  • Ability to understand and recognize the key operational performance drivers of a business
  • Creating valuation models utilized in divestitures and acquisitions of distressed assets
  • Developing spreadsheet models used to analyse complex financing transactions
  • Analysing economic and industry trends and data to develop recommendations
  • Reading and analysing complex legal documents and discussing issues with deal constituents in order to develop a deep understanding of a given transaction
  • Ability to multitask different aspects of a project while adhering to applicable deadlines
  • Willingness to travel

Qualification Requirements

  • Honours degree in Accounting or Finance or equivalent
  • CA(SA) or BCom (Hons) or MBA degree advantageous
  • TMA membership advantageous

Desired Skills:

  • Analysis and Attention to Detail
  • Conceptual Thinking
  • Focus and Sustained Attention
  • Anticipating
  • Creating and Managing Change (Tolerance of Ambiguity)
  • Strategic Thinking
  • Tolerance to Ambiguity Judgement and Decision-Making
  • Learning Ability
  • Innovation / Creativity
  • Problem Solving (Includes reasoning)
  • Excellence/ Quality Orientation
  • Ethical Judgement
  • Flexibility
  • Objectivity
  • Decisiveness and Action Orientation
  • Resilience and Stress Management
  • Drive and Results Orientation
  • Time and Self-Management Courage
  • Assertiveness
  • Building Strategic Relationships/Networking
  • Building Relationships
  • Interpersonal Agility
  • Customer Service Orientation
  • Engaging Diversity
  • Social Responsibility
  • Teamwork
  • Conflict Management
  • Verbal and Written Communication (incl. Listening)
  • Influencing and Impact (incl. Negotiation)
  • Persuasiveness / Selling Skills
  • Presentation and Facilitation
  • Business Insight and Risk Awareness
  • Commercial and Financial Acumen
  • Anticipating and Managing Change
  • Consulting and Advising
  • Research Competence
  • Environmental Scanning
  • Organisational Awareness
  • Program and project management
  • Process and Technological Competence
  • Mathematical Acumen

Desired Work Experience:

  • 5 to 10 years

Desired Qualification Level:

  • Honours

Apply Now

Secondments

About the agency

Uniquely positioned to address your skills shortages, Secondments specialises in placing high-quality candidates in permanent, contract, project and interim management positions. We believe in creating synergy with our clients by building sound business relationships which enhance our understanding of their business and needs. Using a managed, controlled recruitment process, we are able to match the staffing needs of their organisations with suitably talented secondees. Our pool of professionals have a range of skills, both generic and specialist. These candidates, all of whom have verified education levels and experience, are available from two weeks to longer periods, depending on client needs. And if we do not have exactly the right fit for the role, we will source the best candidate. We are dedicated to providing a seamless, turnkey solution to ensure our clients get the right person, in terms of skill and integrity, at the right time to fulfil their organisational needs. Notwithstanding the name change due to the acquisition of Ernst & Young’s Advisory Secondments business to Secondments, the business has been in existence since 2003. The business was acquired as a going concern with the full staff complement, including all clients. This change broadens the scope of clients that Secondments can offer services to. Following a successful 13-year working relationship with Ernst & Young (EY), Siphiwe Dondolo, Jayson Theron and Carl Endenburg acquired the global audit and advisory firm’s secondment portfolio. Secondments started trading on 1 April 2015 with the full support of the EY Africa Executive Committee. Secondments works across South Africa, Africa, the United Kingdom, Ireland and the United Arab Emirates (UAE). We support our clients through a sophisticated talent pool of associates, working regularly with colleagues across international borders. Our candidates can assist in the finance, risk, IT/technology, human resources (HR), management consulting, operations and supply chain fields – across a number of sectors – including: • Financial Services (Banking, Insurance and Private Equity) • Oil and Gas • Construction • Power and Utilities • Public Sector and Government • Health • Mining and Metals • Consumer Products and Retail • Technology, Media and Telecommunications • Automotive Broad-Based Black Economic Empowerment (B-BBEE) Secondments is a 51% black-owned Level 2 B-BBEE organisation, one of the few specialist recruitment consultancies that are a true Level 2 B-BBEE provider. Eleven per cent (11%) of our company is now in the hands of a Black Ownership Trust, making a real difference to previously disadvantaged individuals. We opted for this in the belief that it would make a significant impact rather than benefit a select few. We are determined not to pay mere lip service to Black Economic Empowerment (BEE). Our Managing Director (MD), Siphiwe Dondolo, owns 40% of the business and was with EY for 9 years prior to moving over to Secondments as a shareholder and as the MD. OUR SERVICES As Secondments, we are confident we have the right combination of people, methodology, best practices and technologies to ensure we deliver seamless, efficient and effective services. These are based on a solid foundation of integrity, excellence, professionalism, best practice and value – delivered to both clients and candidates. Client services We offer the full- service of strategic talent matching ,namely: Permanent placements Executive Search Contract placements Temporary Employment Services Project Placements Interim management position placements Executive Search Our specialised service offerings have evolved in response to our clients’ unique needs for a strategic,customisable,Executive recruitment service whose delivery is executed with excellence in mind throughout the process. Leveraging off our unique networks within the Executive landscape to tap into passive candidates,our experienced recruitment team and proven track record in the industry we are best positioned to assist our clients to fill key positions in the most timeous, professional and efficient manner. Temporary contract staff work under the supervision and direction of our clients. Secondments manages them from a planning, HR, payroll and industrial relations perspective, however, freeing clients from time-consuming administration.

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