Job Vacancies at DEWA 2020 | Dubai Govt Careers

DEWA Careers Recruitment & Jobs in Dubai 2020: Dubai Electricity & Water Authority (DEWA) is one of the leading utilities in the world. DEWA’s strategic direction comprises of its vision, mission, motto and values, which define its strategic direction. DEWA’s values pervade all aspects of its strategic direction, including the vision, mission and the four perspectives of the Balanced Scorecard. Our ambition is to continue at that high quality level and set the mark for all other utilities. Hence each individual at the Authority must be committed to our ideal for excellence.  The people at DEWA will have both that commitment and that ability. On this road we are constantly looking out to promote suitable talent internally. At the same time however, we are seeking qualified creative individuals who are resourceful, have plenty of energy and a hands-on approach to join our teams.

• Company/Organization: Dubai Electricity & Water Authority (DEWA)
• Job Location: Dubai, U.A.E
• Nationality: Any
• Qualification: Bachelor Degree/Diploma/High School
• Salary: Not Disclosed
• Experience: Minimum 1 to 2 Years

Senior Investment Principal-Venture Capital

Job Purpose :

Forward Investments is the proprietary investment arm of Dubai Electricity and Water Authority. The investment mandate of Forward Investments is to invest in emerging technologies with high disruptive / convergence potential for the utilities business model. The technology fields of particular interest are as below,but not limited to Renewable Energy, Distributed Generation, Energy Storage, Resource efficiency or demand management, Utility Operations Digitization, Smart City / Smart Home & Artificial intelligence / machine learning application in utility related spaces.

Reporting to the Head of of Forward Investments, this position is in a newly established team which has been formed to help in DEWAs diversification agenda through direct and indirect investments. Successful candidates have a strong investment due diligence experience, entrepreneurial spirit, a blend of private sector and government experience, a willingness to travel and strengths in relationship management. You have an excellent Degree from a recognised University and 5 – 8 years of relevant experience in corporate finance/investment banking, venture capital and/or private equity. Extremely strong financial modelling skills and a proven track record of executing transactions on the buy side (direct or co-investments). Experience investing in private equity funds is an advantage. Experience working for a top tier Private equity /Venture Capital /Invetsment Banking firm is essential and so is a deal sheet of success investments from investment to exit.

  • This position is a core member of the Forward Investment Fund. The venture principal has primary responsibility for the global investment portfolio. S/he would also heavily involved in setting the strategic focus for the entity with deep focus on conducting extensive due diligence.

Key Responsibilities :

Investment Strategy: Establish effective and well-organized investment processes. Write clear and well-informed investment recommendations based on thorough research and analysis. Organize regular investment reports and reviews, including quantitative and qualitative portfolio studies. Lead the investment strategy unit within the company

Due Diligence: Conduct extensive and deep diligence for each investment both commercial and legal. Work closely with the CEO & Investment Committee in due diligence and other processes. Profit & Loss responsibilities for the fund

Portfolio Management: Attend annual meetings, review quarterly financial statements and remain up-to-date with any

important valuation or policy changes. Perform regular administration duties associated with investment file. Help manage and uphold current client relationships

Business Development : Work with the CEO Forward Investments to build strong relationship with the financial services community both within the UAE and abroad.Interact with entrepreneurs and investors on a daily basis. Actively participate in sourcing and facilitating the fundraising process.

Education & Experience :

∙   MBA/CFA with atleast 10 years post qualification experience from top tier Bschool ·    Deep understanding of the tech-environment, entrepreneurship and digital business models ·    Strong experience in either Private Equity, Venture Capital or M&A/Transaction Services required ·    Strong network within the venture capital industry globally particularly the US with preferably direct work experience in US

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Fund Principal – Risk and Operations

Job Purpose :

Forward Investments is the proprietary investment arm of Dubai Electricity and Water Authority. The investment mandate of Forward Investments is to invest in emerging technologies with high disruptive / convergence potential for the utilities business model. The technology fields of particular interest are as below,but not limited to Renewable Energy, Distributed Generation, Energy Storage, Resource efficiency or demand management, Utility Operations Digitization, Smart City / Smart Home & Artificial intelligence / machine learning application in utility related spaces.

Reporting to the Head of Forward Investments, this position is in a newly established team which has been formed to help in DEWAs diversification aganeda through direct and indirect investments. Thwe primary purpose of this role is to set up the risk, operational and financial backbone of the fund vehicle. Acting as a key interface between the forward investment finance and operations team (consisting of Risk, Operations, Reporting, Transactions, Valuations and Company Data functions) and DEWA. The role is intended to be involved at all stages of the fund/strategy life cycle to ensure best practice operational service to those strategies. The main purpose of the role is to ensure Forward Investment follows international best practices in fund risks management, accounting, valuation, and operations. The role would be regularly liaising with both internal and external senior stakeholders along with managing all third party suppliers. This is a fantastic opportunity for an individual with previous experience within fund risk and operations to work in one of the first corporate venture capital funds established in the region.

Key Responsibilities :

Risk & Complaince :Articulate a risk, governance and complaince strartegy for the fund. Work with both internal and external stakeholders to manage the short to long term risks for the fund. Build the overall risk and complaince model to track portfolio companies as well as new investments which would be regularly reported to the commkitte and board. Work closely with treasury to maintain the liquidity positions of the fund in line with overall fund strategy.

Operational:Set up and manage the day to day operational backbone. This would include setting up the operations for finance, valuations, risk & complaince, HR and legal operations in co-ordination with internal DEWA and external service providers.

Financial:Manage the quarterly and annual financial reporting of the fund. Lead the development, management and oversight of all third-party Suppliers, including Registrar, Fund Accounting and Custody and manage the Operational team and take ownership of the process and procedures. Liaising with treasury on the liquidity and, if applicable, borrowing/leverage strategy for the fund and commitment strategy.

Due DiligenceWork with relevant third party providers and internal team to build due diligence frameworks on deals both for venture capital and growth stage firms. Work closely with legal firms to ensure all legal formalities. Work with syndication financial partners on relevant M&A and VC deals.

Stakeholder Management: Work with the Head Forward Investments to manage all intrenal and external staeholders to ensure smooth operations of the fund.

Education & Experience requirement:

Qualified Accountant/CFA with atleast 8 years post qualification experience.

Risk Management experience in the fund management industry preferably in alternatives is a must.

Deep understanding of financial services operational and accounting best practices especially related to funds .

Strong experience in either Private Equity, Venture Capital or Transaction Services required. Strong network within the financial services and services industry both in UAE and globally.

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