Job Details Participation in the CEO competitive selection of especially important enterprise for the economy of the country
Title:
CEO for State-owned Company «Ukrenergo»
Management Body: #
Ministry of energy and coal industry of Ukraine
Section
Description SE “NPC “Ukrenergo” is a state-owned enterprise represented by the Ministry of energy and coal industry of Ukraine. The company has approximately 14 thousand employees, company reported UAH 3,5bn of revenue for 9m2015. Company demonstrates positive EBITDA for 9m2015 of UAH 2,4bn. It’s headquarters is located in Kyiv.
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ABOUT THE COMPANY
The company is responsible for operating the domestic high voltage transmission system and cross-border transmission lines and providing power dispatching services. It controls real-time electricity output and monitors power generators’ operational generating units, fuel stocks and production efficiency, balancing electricity consumption with production. Due to its status as natural monopoly, tariffs for the company are set by the sector regulator, which uses a cost-plus approach to set tariffs based on its OPEX and CAPEX needs. Ukrenergo combines seven regional networks and operates 23,000 km of transmission lines operating at 220-750 kV voltage levels. The company regularly conducts cross-border capacity auctions and sells rights to export electricity from Ukraine to neighbouring countries. In 9m2015 revenue has improved by 51% compared with the same period of the prior year. EBITDA has improved twice and ultimately demonstrated 66,6% EBITDA return. More information about the company is http://www.centrenergo.com/ (in the Ukrainian http://www.centrenergo.com/en/ (in English).
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PURPOSE OF THE ROLE
available language)
at: or
The Director manages the economic activity of state enterprise (responsible for strategic, operational and financial management to generate profit and increase capitalization of the company).
Overall management of the company to ensure achievement of agreed objectives of the organisation. Representing the company in front of external stakeholders: shareholders, different regulatory and state authorities, investment and financial community, clients and suppliers, trade unions, business and professional associations, media and press, etc.;
Preparation of long-, medium-, and short-term plans of the company.
RESPONSIBILITIES
Development and management of the execution strategy;
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Effective financial management of the company to ensure its targets are being achieved. Establishing accounting and financial management systems resulting in transparent financial reporting, effective risk management processes, managing debt portfolio, cash management, liaising with external financial institutions to ensure adequate liquidity, etc;
Proactive cooperation with state regulator authority to ensure adequate cost-plus tariff levels resulting in sufficient company revenues,
Transformation of the organisation into a modern company with effective business processes (business process reengineering and optimisation), optimal organisation structure and headcount, effective policies and procedures, etc.;
Constant revision of the technical capabilities of the organisation, development, modernisation, upgrade and maintenance of production facilities,
Synchronization with the EU electricity market. Coordination of energy balance with neighbouring countries,
Leading a team of highly experienced professionals at a senior level, as well as developing modern Human Resources and Talent Management approaches throughout the organisation as a whole,
CEO is in charge for the results of the following projects:
Implementation of internal and external UES business plans on main directions of operation;
Adjustment of international contracts on supply of electricity to power systems of other countries;
Conducting contracts on access to interstate power networks of Ukraine for export, import and/or transit electricity;
Draft and sign loan and project agreements with international financial organizations, foreign financial institutions and agreements with executive bodies as part of realization of the international investment projects.
Revenues of the company are highly dependent from the industry regulator authority. Therefore proactive negotiations with the authority to determine economically viable and feasible tariffs is a key priority to improve the financial performance of the company;
Harmonization and, over time, synchronization with the EU electricity market would ensure more secure operation of the Ukrainian energy system and remove existing limitations on electricity exports and imports;
Working out modernisation plans for the production facilities. The company should also construct additional transmission lines to the Zaporizhya, Rivne and Khmelnytskiy nuclear power plants.
KEY TASKS
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GENERAL SELECTION CRITERIA Education Languages
Core qualifications
Higher education. MBA will be a plus Candidates must demonstrate executive experience in majority of core qualifications within five categories described below: 1. Leading Change: 4. Leading People: Creativity and Innovation Conflict Management External Awareness Developing Others Team Building Flexibility Resilience Strategic Thinking Vision 2. Results Driven: 5. Business Acumen: Customer Service Decisiveness Financial Management Entrepreneurship Human Capital Management Problem Solving Technology Management Partnering Technical Credibility 3. Communication: Negotiating Interpersonal Skills Oral/Written Communication Networking
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PROFESSIONAL EXPERIENCE
At least 5 years’ experience in a senior or executive role in a relevant industry in Ukraine or abroad;
General understanding of the principles of the energy market is required, while understanding and/or experience working with the energy market of the EU would be a substantial advantage;
Experience in financial optimisation and business process reengineering is required. Knowledge of the industry legislation would be an advantage;
Experience with complex high level negotiations with state authorities, representatives from the private sector is required; experience in negotiations with regulatory authorities of the EU would be an advantage;
Experience working with credit and finance institutions, external investors (eg. EBRD, World Bank, etc.) would be an advantage;
Professional requirements
ADDITIONAL ELIGIBILITY QUALIFICATIONS