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Ithala Development Finance Corporation Reviews

 

Diverse environment with lots of business potential.

• Facilitate board and committee member performance. • Efficient management and co-ordination of all board and committee meetings, including Annual General Meetings. • Minute taking at board, committee, annual general meetings and ad hoc meetings. • Ensure the confidential and efficient management of board information. • Drafting of Policies and Governance Documents, including Terms of Reference, Memorandum of Incorporation, Shareholders Compacts, Governance Framework, Compliance Manuals and Declaration of Interest Framework. • Report on the key strategic decisions taken by the board • Effective departmental people management. • Maintain statutory records. • Vetting of the directors and officers liability insurance policy to understand, mitigate and minimise legal risk. •

Pros: Team spirit
Cons: Long working hours and inappropriate structures

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About my Job

I am currently a Finance intern at Ithala Development Finance Corporation with a concentration in finance and Accounting. I am responsible for preparing Monthly reconciliations, preparing and processing of payments using JD Edwards software system, Paying amount due to creditors using ABSA BI Online, processing adjusting journals, preparation of financial statements and general accounting duties. My courses have provided me with a strong background in the methodologies required for successfully analyzing and synthesizing important financial information and in preparing documentation to assist management when making critical business decisions. I have Pastel Accounting certificate from Sage, SAP Software Procurement Innovation – SAP Ariba and S/4HANA certificate from SAP Software online training and I am computer literate as I am able to work with MS Word, MS PowerPoint, MS outlook and MS Excel. I believe my strengths in these areas would serve me well as an employee in the Finance department.

Pros: Junior position
Cons: Attention to details

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Excellent leadership qualities

IDFC is Economic Development Institution whereby SMMEs are supported to finance theirs operations band sustained themselves while creating jobs for the community they are operating in. IDFC has a properties portfolio that is rented out to SMMEs and big companies to grow kzn economy.

Pros: Great opportunities at IDFC
Cons: Failure to meet customers needs

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Legal Due Diligence Analyst

Exciting banking and investment finance environment. Enjoy conducting legal and commercial due diligence investigations, drafting and vetting agreements. Enjoy analyzing business plans and financial statements.

Pros: great benefits
Cons: none

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I am passionate about my work

I start my day at 8:00am and I knock off at 16:30pm daily. However, due the nature of work that I do which includes travelling distances, at times I find myself working extra hours doing quality control and also compiling reports in order to meet company objectives. I have one stuff working under me and we have good relationship both in and out of work place.

Pros: The company support career development and growth and challenges us to learn new ways of performing task
Cons: Flexible hours

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