Job vacancy Procurement And Finance Initiative Owner For Subsidiary Transformation Program

Required qualifications and competencies:

• Advanced degree (Masters or higher) in finance, accounting, Business management, Supply Management or other related fields 
• Certification in an international accounting or financial analysis program such as ACCA, CPA, CFA, etc. is preferable. 
• At least 15 years of progressive experience in the finance and procurement functions of a multinational or a national company with good reputation and operational excellence, including a minimum of 5 years as a senior manager
• Strong familiarity with public (government) procurement policy and practice would be highly desirable 
• Deep knowledge of the key value drivers of finance and procurement functions 
• Track record as an active participant in digital transformation that supports internal control, risk management and financial and procurement management systems 
• Familiarity with at least two of EIH’s industry clusters which are transport / logistics, financial services, manufacturing, construction and real estate, financial services, hospitality, chemicals, energy and connectivity
• Excellent skills in generating analytical and technical documents in a business context. 
• Strong communication skills – written and verbal – including with people with diverse professional backgrounds 
• Excellent listening and engaging skills including the ability to read organizational and team dynamics with the objective of creating a culture of excellence in line with the organization’s mission.
• Positive can-do attitude, passionate and change management leader, working under pressure. 
• Understanding of Ethiopia’s macroeconomic context 
• Women are encouraged to apply 

Language requirements: Fluency in English and Amharic is required. Knowledge of additional local languages is desirable. 

Background on EIH
The Ethiopian Investment Holdings (EIH) is Ethiopia’s first sovereign wealth fund which was established on January 31st, 2021, through the regulation The Definition of Objective Functions and Organization the Ethiopian Investment Holdings Council of Ministers Regulation No 487/2014Its objectives are to (1) serve as a strategic investment arm of the government of Ethiopia, (2) contribute to sustainable economic development through professional management of its funds and assets achieving the optimal use thereof in accordance with international best practice and corporate governance principles, and to maximize the value for the benefit of current and future generations and to (3) provide a strategic vehicle to attract foreign investment by, among others, establishing a co-investment platform, consolidating assets for further monetization, unlocking values from current unutilized assets and thereby bring the highest. EIH manages 31 public commercial companies, with which it will exercise the ownership function of the GoE.EIH is in the process of launching Subsidiary Transformation Program (STP) through which it will exercise active ownership and value-added support to subsidiaries. STP will include (a) horizontal initiatives through which it will instil best practices principles of the pillars of management and governance (b) vertical initiatives for company-specific transformation plans © central initiatives whereby EIH will revise core business or structure of subsidiaries. 
Objectives of the positionThe objective of this position is to provide technical expertise and project management support to two of STP initiatives (a) finance and (b) procurement functions of EIH subsidiaries.The aim of the procurement initiative is to support EIH subsidiaries to build robust and efficient procurement functions that enable subsidiaries to deliver sustainable and high-quality products and services. The aim of the finance initiative is to enable subsidiaries to have strong and effective financial management systems for informed and data-based strategic and commercial decisions, for compliance to national and international regulations and the disclosure and  transparency requirements to all stakeholders. Each initiative will start with the assessment of the relevant current status (function) of SOEs from the perspective of the key value drivers and enablers of effectiveness. The Initiative Owner is therefore, expected to provide technical support and expertise advice in assessing current practices, identifying and prioritizing constraints across human resources (structure and staffing), standard processes and technology and develops solutions such as training and technical guidelines for subsidiaries and key stakeholders. The IO will also drive the initiatives by developing assessment frameworks/refining workplans, submitting progress report to the Chief Transformation Officer/ Advisor, and addressing feedback. The Procurement and Finance Initiative Owner will be a member of STP’s Transformation Management Office (TMO)S/he will work closely with CTO/A of TMO, portfolio team and international experts to implement the Procurement and Finance initiatives of the STP.

Duties and Responsibilities of the role

• Assessment of the effectiveness of the finance and procurement functions of portfolio companies under EIH’s ownership.
• Review, validate, and analyse the data collected through the assessment process and identify gaps  
• Prepare assessment report with recommendations as to how EIH will intervene in bringing an effective and modern finance and procurement departments. 
• Organizational capability building by means of drafting policies and/or guideline and training and coaching to the staff and leadership of subsidiaries 
• Monitoring effective implementation of suggested recommendations and action plans and their impacts to SOEs

Reports to: Chief Transformation Advisor / Officer

532187

6 May, 2024 (1 days left)