Vice President, Opportunity Maturation and New Ventures (VP, OM & NV) at Oando Plc

Oando Plc is one of Africa’s largest integrated energy solutions provider with a proud heritage. It has a primary listing on the Nigeria Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP).

We are recruiting to fill the position below:

Job Title: Vice President, Opportunity Maturation and New Ventures (VP, OM & NV)

Location: Lagos
Employment type: Full-time
Reports To: Senior Vice President, Commercial

Job Summary

• The VP, OM & NV will combine strategic and human-centric design thinking to analyse existing business models, alter them where necessary and apply them to build new business ventures for the organization.
• He/She will collaborate with a broad team of strategists, designers, financial planners, and engineers to iterate, improve and implement the strategy and operations of our clean energy start-up projects, from ideation to full launch.
• He/She will also continuously identify, refine, and filter opportunities and partnerships for the organization.

Job Responsibilities
The VP, OM & NV will provide strategic leadership and execution across the following work streams:
Opportunity Discovery & Development:

• Explore new markets and business models through industry and historical trends, forward looking forecasts, competitive assessment, and build/evaluate recommendations for strategic growth.
• Develop conceptual framework for Opportunity Development Process spanning idea generation, business concept design, market testing, business planning and development, pilot testing & optimization, Go-No Go review and New Venture Go live.
• Identify and assess the viability of new business opportunities, strategic initiatives, and profit optimization.
• Translate the vision and strategy of our start-ups into an efficient and scalable operating model.
• Work cross-functionally to develop deep understanding of key value drivers to improve efficiency, productivity and performance across all initiatives.
• Prepare and manage the Risk Assessment and Mitigation Plans.
• Develop financial models for business case assessment.
• Work closely with marketing, financial and business analysts to ensure financial sustainability of opportunities are thoroughly considered across pessimistic, normal and optimistic scenarios.
• Coordinate financial, operating and capital plans for each venture.
• Establish appropriate systems to further develop commercial analysis of opportunities.
• Redefine, improve and document our start-ups processes to minimize complexities and promote effective operations, finding cost effective opportunities.
• Develop a data-driven approach as ventures scale by performing ad hoc analyses and building KPI dashboards for real-time monitoring of performance, advisor/client satisfaction, P&L tracking.
• Propose, design and implement pilots to test new operations/products, measure results and iterate.
• Drive opportunities through each level of the development process and present output and recommendations for management review.
• Identify key assumptions and monitor assumption values and impact across venture development process.

New Venture Maturation:

• Run Pilot projects
• Collect and parse data to key business drivers
• Design and test a fit-for-purpose Quality Management & Sustainability Procedure for each venture
• Hand over new venture to Operations team.

Partnership & Regulatory Services:

• Work with Legal and Admin to Secure Licenses and obtain regulatory compliance
• Curate and nurture partnerships and synergies within sectors of interest.

Job Qualifications

• Bachelor’s Degree in Business Administration, Finance, Economics, Engineering or other related fields.
• MBA is an advantage.
• Supervisory and field experience.
• Good writing and speaking communication skills
• Good organizational kills
• Familiarity with New Venture Creation Principles (Alex Osterwilder).
• 12 to 15 years’ experience in the Energy industry.
• Renewable energy experience is an advantage.
• Business planning and analytical skills.

Core Competencies:

• Energy Industry Dynamics
• Finance and Investment Management
• Planning and Budgeting
• Teamwork
• Integrity and job ownership
• Result-orientation
• Optimistic
• Disruptive thinker
• Drive for continuous learning.
• Portfolio Management
• Networking
• Negotiation
• Business Performance Monitoring
• Relationship Management

How to Apply
Interested and qualified candidates should:
Click here to apply