Abay Investment Holding Verified

FINANCE SPECIALIST (COST AND BUDGET)

HEAD OFFICE, BAHIR DAR, AMHARA REGION, ETHIOPIA CONTRACT High Skilled

Posted Nov 05, 2026

Experience High Skilled

Salary ETB 45,000

deadline Nov 15, 2026 10 days left

Job Description

FINANCE SPECIALIST (COST AND BUDGET)

Announcement Reference

AIH/654/2019

Date of Issuance

November 04, 2026 G.C

Reports To

Chief Financial Officer (CFO)

Duty Station

Head Office, Bahir Dar, Amhara Region, Ethiopia

Employment Type

Indefinite Term Contract (Permanent)

Working Hours

Standard Full-Time (48 hours/week max)

1. ABOUT ABAY INVESTMENT HOLDING (AIH)

Abay Investment Holding (AIH) is established as the sovereign investment arm of the Amhara Region with a broad mandate to own, manage, and grow regional public assets. AIH operates as a custodian of public wealth and a development catalyst, balancing sovereign wealth management with active commercial operations to accelerate regional economic transformation and industrialization.

2. JOB SUMMARY & PURPOSE

The Finance Specialist (Cost and Budget) oversees the financial planning, budgeting, and cost management activities of AIH. The specialist ensures that financial operations align with AIH's strategic objectives, regional financial policies, and internationally accepted standards while driving cost efficiency and capital optimization across the corporate center and portfolio subsidiaries.

3. REMUNERATION & BENEFITS

Monthly Base Salary: ETB 45,000 – 65,000 (Gross, based on experience and qualification)

Allowances & Benefits: Housing, transport allowance, and progressive medical/life insurance coverage as per the approved AIH Compensation & Benefits Framework.

4. KEY RESPONSIBILITIES & ACCOUNTABILITIES

Financial Planning & Policy Implementation:

Propose and develop financial policies, procedures, and regulations for AIH.
Formulate AIH's annual budgets, manage financial resources, monitor debt and investment activities, and ensure cost efficiency.
Implement approved budgets and monitor their overall execution.

Capital Allocation & Debt Management:

Facilitate the allocation of capital for AIH and its subsidiaries, including decisions on capital increment or reduction.
Coordinate with relevant entities to align AIH's investments with regional investment debt servicing, budget, and policy objectives.
Oversee the allocation of AIH's authorized capital, ensuring timely payment through reserve accounts or other designated accounts by the regional government.

Subsidiary Oversight & Governance:

Ensure subsidiaries adopt modern corporate finance systems to enhance profitability and competitiveness; issue implementation guidelines and monitor compliance.
Monitor the financial performance of AIH and subsidiaries to ensure effective capital utilization and profitability.
Monitor the financial and debt utilization of subsidiaries in coordination with their boards, setting directions and implementing corrective measures for any deficiencies.
Formulate and propose a dividend allocation policy for subsidiaries, ensuring a balanced approach to debt servicing, budget needs, future investment reserves, and profit transfers to the government.

Reporting:

Prepare and submit annual financial and performance reports.

Job Requirements

5. ELIGIBILITY & QUALIFICATION REQUIREMENTS

Education: Minimum of a University Degree (Master's or Bachelor's degree) in Accounting, Finance, or a related field.

Experience:

Proven relevant professional experience in corporate finance, budgeting, cost management, or financial planning.
Experience working within holding companies, financial institutions, or large enterprises is highly desirable.

Core Competencies:

Comprehensive knowledge of financial planning, cost control, budgeting frameworks, and public/corporate accounting principles.
High ethical standards, personal integrity, and accountability.
Strong analytical skills and proficiency in financial reporting systems and ERP tools.

Disqualifying Conditions: Candidates below 18 years of age, those convicted of criminal offenses involving dishonesty or fraud, or individuals previously dismissed from service for serious gross misconduct are not eligible for employment.

How To Apply

6. APPLICATION PROCEDURE & MANDATORY REQUIREMENTS

Application Deadline: Applications will remain open for ten (10) consecutive working days from the date of this posting.

Required Documents:

Detailed Curriculum Vitae (CV).

Certified copies of educational credentials and work experience testimonials.

Valid Identification Card / Passport copy.

Submission method: Qualified applicants should submit their applications to Abay Investment Holding using either of the following methods:

In person, AIH’s Headquarter, located on Ethiopian Shipping and Logistics Building, 1st Floor, Bahir Dar, Ethiopia. Or

By email: hr@aih.et , with the subject line clearly indicating the position applied for.

Abay Investment Holding is an Equal Opportunity Employer.

Recruitment, selection, and advancement are based strictly on merit, competency, qualifications, and performance.

How to Apply

Qualified applicants should submit their applications to Abay Investment Holding by either visiting the Head Office in Bahir Dar or emailing hr@aih.et. When applying in person, bring a detailed CV, certified copies of educational credentials and work experience testimonials, and a copy of your ID card or passport. If applying by email, attach the same documents in PDF format and include a clear subject line indicating the position applied for. Applications will remain open for ten consecutive working days from the posting date.