The Ethiopian Investment Holdings (EIH) is looking to recruit experienced, energetic, and committed Internal Audit Director.  

EIH was established on January 31st, 2021, through The Definition of Objective Functions and Organization the Ethiopian Investment Holdings Council of Ministers Regulation No 487/2014

Its 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

EIH has acquired 27 public commercial companies over which it will exercise the ownership function of the government. EIH has two core functions investment and portfolio management.

HST is a knowledge company operating in Ethiopia which provides a broad range of professional services to clients across various industries. EIH has engaged HST to support recruitment for the position of Internal Audit Director.

Key Duties and Responsibilities:

• Lead the development and implementation of risk based internal audit strategy and annual and quarterly plans with the guidance of the Board of Directors

• Develop internal audit and control framework and standard for portfolio companies as well as capability building tools such as training.

• Champion best practice in governance, objectively assess the adequacy of governance systems and management of risks across EIH and portfolio companies

• Lead the preparation and submission of audit reports to the board of directors and support Executive Team in implementing recommendations

• Facilitate the work of the External Auditors and closely follow the timely completion of reports.

• Provide the executive management with independent analysis on the adequacy and effectiveness of current internal controls, reliability and integrity of financial information and systems and their compliance with the organization’s policies and procedures across core and enabler functions

• Identify instances of over and under control and provide executive management with a clear articulation of residual risks where existing controls are inadequate.

• Keep abreast of legislative issues, new audit regulations/trends and appropriate audit direction/methodology.

• Discuss updates of new regulations with executive management.

• Review the adequacy of key corporate arrangements including such as risk strategy, risk register, anti-fraud and corruption strategy, corporate plan.

• Review significant partnership arrangements and major services provided by third parties and the controls in place to promote and protect the organization’s interests.

• Provide advice on proposed developments such as major new systems and proposed initiatives to help ensure risks are properly identified and evaluated and appropriate controls are built in      

Job Requirements

Required Education, Experience and Competencies:

• Master’s degree in Accounting, Finance, Business Management, Banking and Finance or related fields with Ten (10) years of demonstrated experience out of which 4 years in a supervisory position in the business or private sector

                                OR

• Bachelor’s degree in Accounting, Finance, Business Management, Banking and Finance or related fields with twelve (12) years of relevant experience of which 4 years in a supervisory position

• Full professional qualifications (e.g. ACCA, CIA qualification) is required.

How to Apply

We only encourage applicants who fulfill the above qualification to send their application and relevant documents through e-mail directly to HST Executive and Professional Recruitment Specialist: recruitment@hst-et.com or through www.hst-recruit.com  or Submit their application in person to the Human Resources Office at Wollo Sefer, Mina Building, 4th Floor 

Deadline: 4th of November 2022

Only shortlisted candidates will be contacted for next stage of evaluation and Women are especially encouraged to apply