Portfolio Director 64 views

The Ethiopian Investment Holdings (EIH) was established on December 29th, 2021, through the Council of Ministers Regulation No 487/2021. The objectives of EIH include serving as the strategic investment arm of the Government of Ethiopia (GoE) and contributing to sustainable economic development, through the management of its funds and assets, and achieving optimal use of the assets, in accordance with the international best practice and rules to maximize the value for the benefit of current and future generations of Ethiopians. EIH has acquired 27 state-owned enterprises (SOEs) following the decision of its Board of Directors. In line with its mandate, EIH will implement best-practice corporate governance and performance management techniques to ensure the long-term value creation of its subsidiary companies, and in doing so, enable them to attract investment that will help address strategic needs of the Ethiopian economy.

Primary purpose of the role

The Portfolio director will act as an immediate point of contact for subsidiary companies representing EIH and lead all subsidiary and sector specific portfolio planning, support, engagement, technical advice and appraisal of performances by utilizing the talent pool of EIH and incorporating best in class corporate governance standard or structures and corporate management principles.

Major Duties and responsibilities

• The role holder is responsible and provides technical advice for EIH team to produce the below deliverables:
• Evaluation of performance of assigned subsidiary companies in line with KPIs set by EIH as well as industry specific KPIs. Periodic in-depth analysis of the performance of selected subsidiaries according to industry good practices of corporate governance (board, internal audit, risk management, transparency and disclosure) and professional management (core business and strategy, HR, technology, operations, marketing, etc)
• Input to the development of tools, template and standards for specific performance drivers of functions (such as risk management, talent, investment policy, etc) of subsidiary companies in collaboration with EIH team. Provide technical guidance to assigned portfolio companies in implementing such tools and standards.
• Input for the development of a set of priorities for the subsidiaries to improve their performance and transform to match international peers; provide technical guidance to support subsidiary companies implement performance enhancing measures; and help mobilize resources.
• Work with selected portfolio companies to provide technical advice for the development of bankable investment opportunities and engage international investors in line with their performance aspirations.
• Provide technical support to EIH in areas related to the assigned role.
• Participate in or approve strategic plan of the subsidiaries
• Ensure proper governance through nominating and filling of board and its composition
• Confirm and revisit the ownership goals or portfolio roadmap and maintain peer and industry related data to research, understand and assess performances
• Review and approve annual plan and / or budget of assigned SOEs
• Collect and analyse periodic performance report (Monthly / Quarterly / semi-annually and annually) along with TvA analysis
• Analyze, prepare feedback and held periodic performance dialogue
• Suggest and follow up on business improvements ideas
• Provide technical advice or support on governance and corporate management.
• Ensure compliance with financial reporting standard and up to date reporting.
• Ensure tax and dividend compliance
• Assist in better utilization of assets, optimization, and the ongoing transformation program
• Approval and/or follow up on strategic investments/projects by liaising with investment, legal and other teams
• Coach, guide and mentor team member under supervision
• Carry out other duties as assigned by supervisor

Reports to – Chief Portfolio Officer

Type of employment :Permanent

• In order to fulfill her/his duties, the ideal consultant will be required to demonstrate the following competencies and qualifications.

Qualifications  

• Minimum of a bachelor’s degree in economics, business, operational management, finance, accounting, technical or related fields. Master’s degree in relevant business field is an asset
• International certification in relevant fields
• Minimum of eight years of progressive experience as Program /Portfolio/project management practices or portfolio analytics within international private institutional set up that oversees or supports other industry players.
• At least three years of those experiences should be in leadership, supervision, and management of teams is required.

Competencies 

• Demonstrated knowledge of portfolio analysis and comparison of different industries, consideration of historic trends, and an understanding of financial metrics and regulatory/legal restrictions that may impact the portfolio.
• Demonstrated level of numeric competence and data analysis and reports/dashboards/KPIs.
• Experience with Project & Portfolio management tools (PPM, Project professional, etc.)
• Experience in working with multiple stakeholders across different departments with strong communications skill both verbal and written.
• Verbal and written fluency in English and Amharic is required
• Ability to work autonomously in fast-paced environments and possess a self-starter attitude
• Business acumen