Entry Date: 14 Jun 2024
Expiry Date: 21 Jun 2024
The Housing Development Agency (HDA) is a national public sector development agency that inter alia has the mandate to identify, acquire, prepare, and develop suitable land for human settlements. The agency also undertakes the programme and project management for development of housing and human settlements. The HDA carries out its functions in partnership with a range of stakeholders including national, provincial, and local government as well as with communities, developers, and financiers. Established in 2009, the Agency was established by an Act of Parliament in 2008 and is accountable through its Board to the Minister of Human Settlements.
For more information about the HDA, please visit our website: www.thehda.co.za.
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The HDA has the following Five years Fixed-term contract
Position: Head: Investment Office
Location: Head Office, Johannesburg
Reporting Line: CEO
Reference: HDAHIO003
Main Purpose: The Head of Investment Office of the Housing Development Agency (HDA) is responsible for Managing investment strategies and portfolios for the organisation. Directing, leading, and growing the strategic vision of the business through the investment creation and implementation of HDA asset management insights proposition, analysis and interpretation of qualitative and quantitative data. Providing a comprehensive suite of financing solutions for the development of sustainable human settlement projects leading the HDA to long term financial strength through viable investment financing models and partnerships. Building rapport with key influencers and decision makers at current and prospective clients is also very crucial for business success.
Key Performance Areas:
1. Strategic formulation and execution
- Formulate and develop processes for project implementation.
- Provide strategic vision and set direction for the Business Unit.
- Develop and deliver sustainable financial structures, models and solutions for the HDA through various products which include (amongst others) blended financing structures; Public Private Partnerships (PPP) structures, project finance, equity funding models.
- Develop the investment strategy and implementation roadmap with a focused suite of inward and outward driven view.
- Scope Fund raising activities to fund the HDA investments and operations to foster sustainable economic development, strengthen the HDA’s balance sheet and improve delivery of sustainable human settlement.
- Provide strategic support to the regional implementation of the primary mandate.
2. Portfolio and Property Management
- Oversee effective management and performance of the entire Land department of the HDA.
- Oversees the sourcing of identified land/buildings.
- Negotiates leases and acquisitions when required.
- Manages the effective negotiation of new lease agreements and renewal of existing leases in accordance with market related rates.
- Ensure effective rental collections and maintain low levels of non-performing asset.
- Ensure Project Packaging, Project Compliance and Project Readiness.
3. Funding and Risk Management
- Oversee the identification of project funders from the public and private sector for HDA programmes and projects.
- Develop and implement the HDA’s funding strategy to optimise borrowing costs at all times with the aim of providing tailor-made investment solutions.
- Develop investment proposals and support during preparation of terms and conditions of financing, discussions with potential investors, risk rating agencies, regulators, asset managers, pension funds etc.
- Ensure sound financial capital management through assuming responsibility for stewardship over the capital under management, as well as efficient utilisation of financial resources.
- Manage all risk aspects of the financing delivery function, in terms of ensuring appropriate structuring of investment risks and on-going mitigations of operations-related risks.
- Develop and implement Investment policies and strategies.
- Work in partnership with external counterparts to hedge credit, foreign exchange, interest rate and market risk in line with approved policies.
4. Financial Control
- Oversee the Development Finance sub-unit with strong focus on Capital Raising, Mobilising of funding, and funding modelling.
- Develop, manage, and implement the annual Investments and Development budget.
- Analyzing trends, operating requirements, and forward plans to establish/determine funding/expenditure for the period and or assessing the accuracy of project estimations/costing referring to specifications and/ or technical requirements.
- Monitoring and implementing corrective measures to rectify deviations contrary to financial regulations, audit requirements and departmental procedure.
- Prepare and manage the operational and capital budgets ensuring adherence to deadlines set by the Shareholder (NDHS).
- Overseeing the expenditure of the Business Unit in terms of the business plan and or the agreed budget.
- Ensuring compliance with Public Finance Management (PFMA) and all other relevant legislation.
- Integrate Finance Development in all provinces to ensure a reduction in the over reliance on MTOP’s and KPI’s.
5. Deal Appraisal and Execution
- Proactively manage investment projects that are taken to bankability through, amongst others, evaluation of the feasibility of investment opportunities with a view to ensuring that they are commercially sound prospects for financing. This must be performed
- in alignment with the agreed strategy and mandate, due diligence process and deal structuring.
- Oversee the execution of transactions and drive the approval process to facilitate the structure and negotiate the detailed terms of the deal / transaction in liaison with internal and external stakeholders to drive the approval of transactions through the various approval structures.
6. Strategic Relationships Management
- Establish Strategic Initiatives and manage Public and Private Partnerships.
- Develop and manage relationships with key stakeholders and decision makers (in government entities, development banks, private companies and commercial banks) to contribute to sustainable human settlement development.
- Strengthen Public Sector capabilities in the development of Public Private Partnerships (PPPs) and in financing of mixed-use development projects
- Collaborate with Corporate Support to communicate and showcase the HDA business offerings and focused strategies across all stakeholders.
- Identify the relevant stakeholders in relation to business requirements
- Drive investment promotion activities within the regions, through outward focused marketing and stakeholder management sessions.
7. Reporting:
- Analyze the business strategy to determine the applicable deliverables and targets.
8. People Management:
- Analyze the business strategy to determine the applicable deliverables and targets.
- Establish human resource requirements in line with expected deliverables.
- Create a conducive environment for performance.
- Manage Performance of the divisions.
- Lead people in accordance with policies, procedures, and legal requirements.
- Provide feedback to the relevant stakeholders.
9. Qualifications & Experience
- Post graduate degree in development finance or economics.
- Master’s degree will be an added advantage.
- 10-15 years demonstrable experience in project finance.
- Demonstrable understanding of the macroeconomic environment.
- Property sector exposure at management level (human settlements, affordable housing and financial sector environment exposure.
- Experience in private and public sector investment.
- Proven capability to engage with Board committees Government and Private sector stakeholders.
- Demonstrable experience with capital raising for projects
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Remuneration Scale: per annum R 1 628 300 and R 2 116 800 (all inclusive package)
Closing date for applications is 21 June 2024.
To submit your application, please send an email to HDARecruitCEO@thehda.co.za
When submitting your application for a position, please adhere to the following:
1. CVs received after the closing date will NOT be considered.
2. The Job Title and Reference number for the relevant position must appear in the subject line of your application.
3. The CV must be in PDF format.
4. Copies of all qualifications must be provided.
5. Copies of identity document must be provided.
6. Two contactable references.
Kindly take note if you have not been contacted within twenty-one (21) working days of the closing date; please consider your application unsuccessful. Should you not comply with the above requirements your application will NOT be considered.
Conditions of service:
- The HDA is an equal opportunity employer.
- Appointments will be made in accordance with the HDA Employment Equity policy and priority given to people living with disabilities and females.
- The HDA reserves the right not to make an appointment.
We thank all applicants for their interest.
Communication will be conducted with short-listed applicants only.
The HDA operates in accordance with the Protection of Personal Information Act 3 of 2013 (“POPI Act”), and by submitting your personal information to the HDA (by way of application and/or providing any other documentation as may be required during the recruitment process), you agree that the HDA may utilise and process your personal information in accordance with the POPI Act.
