Senior Associate – Asset Management

Position:
Senior Associate - Asset Management Directorate:
Economic Diversification Investments

JOB PURPOSE:

Meet asset management responsibilities across a selected portfolio of investments under the National Development Fund. Reports to the asset manager or senior manager for the selected sector. This role is accountable for supporting the delivery of financial, operational, and strategic performance across assigned assets. Plays a key role in enhancement of performance monitoring, engaging with portfolio companies, supporting governance processes, and coordinating interventions and value creation initiatives.

The role also contributes to reviewing the holding asset business plans, turnaround plans, divestment plan and project execution oversight.

• Responsible of the implementation of assigned tasks under the AM mandate across assigned assets, focusing on performance, governance, and capital efficiency.
• Apply asset management tools, frameworks, and best practices to monitor and improve portfolio outcomes.
• Address shareholder matters and support execution of governance responsibilities. Report to management on options as required.
• Coordinate with internal teams to identify process improvements and contribute to AM capability-building.
• Provide active support to the board members and shareholder committee members as required.
• Review and prepare for approvals: OIA Companies business plans, budgets, KPIs, capital requirements, and strategic initiatives.
• Ensure budget efficiency and optimization, with reference to benchmarks.
• Review sector company investment pipeline to assess project maturation and economic viability.
• Review sector company scorecard and ensure it is ambitious, long-term oriented, and encourages high performance.
• Conduct periodic reviews of portfolio company performance, based on the OIA required frequency.
• Proactively identify underperformance and implement structured escalation and intervention protocols.
• Ensure rigorous oversight of asset performance, capital spending discipline, and early identification of distressed situations.
• Ensure early warning systems and dashboards are in place to flag deviations and corrective actions.
• Ensure data integrity and timely input to Investment MIS and related teams for tracking, benchmarking, and reporting.
• Drive implementation of value creation plans and ensure sector and company-level targets are in place, monitored, and adapted based on performance insights and market dynamics.
• Identify priority assets requiring value creation initiatives or turnaround.
• Coordinate turnaround strategies and restructuring plans and collaborate with underlying holding assets to recover value or reposition underperforming assets.
• Contribute to Turn-around steering committees if required.
• Report the progress and implementation of restructuring/recovery plans on a periodic basis.
• Ensure progress, discipline, and delivery momentum across the pipeline of capital projects post-FID.
• Coordinate with internal teams, portfolio companies, and external stakeholders to track execution, identify bottlenecks, and elevate where needed.
• Maintain a delivery mindset to ensure projects remain aligned with intended impact and returns.
• Support planning and execution of divestment strategies for relevant assets.
• Coordinate market readiness inputs and liaise with advisors and internal teams.
• Participate in transaction preparation, due diligence, and follow-through.
• Maintain awareness of sectors developments and emerging trends through regular engagement with industry stakeholders, policy-makers, and regulators.
• Proactively engage with experts and internal research teams to ensure benchmarks and data-driven decisions.
• Conduct regular benchmarking for assets under management and utilize benchmarks to review the company’s performance and financial sustainability.
• Maintain strong and proactive engagement with portfolio companies as key drivers of operational performance.
• Collaborate to co-develop value creation plans, monitor execution, and unlock growth opportunities.
• Ensure clear orchestration between OIA expectations and execution capacity through structured oversight and…