Entry Date: 17 Sep 2023
Expiry Date: 26 Sep 2023
The Housing Development Agency (HDA) is a national public sector development agency that acquires and prepares land as well as develops the land and project manages the development of housing and human settlements. We carry out our activities in partnership with a range of stakeholders including national, provincial, and local government and municipalities, as well as with communities, developers, financiers, and other affected parties. 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.
Follow us on Twitter @The_HDA and on Facebook: TheHDA.
The HDA has the following five-year fixed term contractposition:
Head: Investment Office
Location: Head Office – Johannesburg
Reporting Line: Chief Executive Officer
Ref: HIO 001
Main Purpose:
•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:
•Formulate and develop processes for project implementation.
1. Strategic formulation and execution:
•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.
•Cope 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.
•Oversee effective management and performance of the entire Land department of the HDA
2. Portfolio and Property Management
•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 assets
•Ensure Project Packaging, Project Compliance and Project Readiness.
•Oversee the identification of project funders from the public and private sector for HDA programmes and projects.
3. Funding and Risk Management:
•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.
•Oversee the Development Finance sub-unit with strong focus on Capital Raising, Mobilising of funding, and funding modelling.
4. Financial Control:
•Develop, manage, and implement the annual Investments and Development budget, by:
• Integrate Finance Development in all provinces to ensure a reduction in the over reliance on MTOP’s and IP’s.
o 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.
o Monitoring and implementing corrective measures to rectify deviations contrary to financial regulations, audit requirements and departmental procedure.
o Prepare and manage the operational and capital budgets ensuring adherence to deadlines set by the Shareholder (NDHS)
o Overseeing the expenditure of the Business Unit in terms of the business plan and or the agreed budget.
o Ensuring compliance with the Public Finance Management Act (PFMA) and all other relevant legislation
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.
•Establish Strategic Initiatives and manage Public and Private Partnerships.
6. Strategic Relationships Management
•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.
i.Collaborate with Corporate Support to communicate and showcase the HDA business offerings and focused strategies across all stakeholders.
ii.Identify the relevant stakeholders in relation to business requirements.
•Drive investment promotion activities within the regions, through outward focused marketing and stakeholder management sessions.
•Prepare various documents and management reports for executive Committees, Boards and Shareholders.
7. Reporting:
•Analyze the business strategy to determine the applicable deliverables and targets.
8. People Management:
• 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. Requirements :
• Master’s degree in development finance, Finance, Business, or Economics or equivalent
• Certified Financial Analyst (CFA) will be an added advantage.
• 10- years demonstratable experience within the project finance and corporate structured finance arena at a senior level.
• Demonstrate (7 years’ experience) extensive in understanding of the Macro environment.
• 7 years’ experience with working on new or innovative projects and programmes and proven ability to bring ideas from conception to completion.
• 5 Years experience in Capital Raising supported by 3 years in-depth knowledge of the financial sector and markets.
• Demonstratable 5 years’ experience in assessing investment transaction opportunities and projects from early review to bankable debt financing deals.
• 5 years’ experience in leading deal negotiations and providing leadership to the deal teams and assigning resources to conclude transactions.
• 3 years’ experience in private and public sector investments and understanding of the PMFA.
• 5 years senior management experience with specific capability to engage with the CEOs, Executives, Board Committees, Government and Private Sector Stakeholders at the highest level
———————————————————————————————————————————————————————————————————Remuneration Scale: R 1 628 300 and R 2 116 800 per annum (all-inclusive package)
Closing date for applications is 26 September 2023.
To submit your application, please send an email 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. Copy 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 ● 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.
