DEWA Jobs – Fund Principal

Website Dubai Electricity and Water Authority

Job Description:

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.

Job Responsibilities:

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

Job Requirements:

  • Deep understanding of financial services operational and accounting best practices especially related to funds .
  • Risk Management experience in the fund management industry preferably in alternatives is a must.

Qualification & Experience:

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

Job Details:

Company: Dubai Electricity and Water Authority

Vacancy Type: Full-time

Job Functions: Finance

Job Location: Dubai, United Arab Emirates

Application Deadline: N/A

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