General Manager: Group Capital Management at MTN

Core purpose of the Job

The General Manager Group Capital Management role is accountable for capital allocation, utilization and investment returns for the Group and its markets with the objective of enhancing the MTN Group portfolio of capital assets and shareholder value.

The role is responsible for:

• Establishing and instituting capital strategy, budgeting, operations and governance Group, in line with the company goals and objectives
• Evaluating potential equity related transactions including multiple asset acquisitions, disposals, mergers or other strategic initiatives
• Management and reporting of capital allocation, utilization and returns monitoring for group-led investments and opportunities
• Overseeing local governance and control of capital management, including but not limited to Capital Allocation and Management Committee (CAMC) funding decisions • Independent and objective capital investment insights, evaluations, opportunities and potential risks related to capital management to the respective Group Finance/Steering Committee Leadership

The role reports to the Executive – Group Business Finance and is supported by a team capital management specialist who will be responsible to manage and execute on strategic objectives, balance capital portfolio, achieve sustainable returns on investment and to continuously improve the capital performance. Further, the role will also be responsible to institute/improve governance practices of respective Group and Local Capital Allocation governance committees, through the respective local Finance teams, Group Finance Divisions and Regional Vice President Offices.

Key Performance Areas: Core, essential responsibilities / outputs of the position (KPA's)

As a leader in the Group Business Finance vertical, the role is holistically responsible to lead, direct and operationalize capital management strategy, governance, monitoring and reporting for the Group. Key areas of responsibilities of the role have been broadly classified into three accountability areas as detailed below:

Strategic Capital Management

• Establish, continuously improve and institute the Group capital strategy aligned to MTN’s strategic imperatives, in conjunction with the respective Group Finance Leaders
• Determine, implement and cascade the appropriate target capital portfolio mix, capital performance / investment returns models and governance reporting protocols to support capital management strategy
• Lead, implement and cascade a sound and sustainable capital management framework, principles/guidelines for allocation, defining the DoA based on capital threshold limits, capital evaluation criteria and approver conditions. Periodically review, benchmark and adjust the framework to reflect leading class practices and business priorities
• Work closely with the MTN Group Finance leadership, OpCo and existing Capital Management Committees (E.g Capital Allocation Management Committees – CAMC) to review strategic direction, optimize portfolio capital spend and build enterprise-wide capex capabilities for better capital management
• Responsible advise leadership on optimum balance of capital allocation for maturing vs new business units / opportunities across the Group. Maintain a fair and equitable balance of capex allocation to business unit / Opcos, considering the short/medium/long terms benefits/returns
• Lead research, advanced financial data modelling, industry benchmarking of capital allocation and performance metrics to continuously improve capital strategies, evaluation frameworks, cost/risk/returns targets and investment viability models.
• Accountable to lead, implement and cascade clear capital cost and revenue allocation principles, agreements and conditions to ensure accurate and consistent financial reporting over capital, in collaboration with Group finance operations, finance business partnering and FP&A teams to establish.
• Responsible to ensure long-term capital investment portfolio is consistent with MTN’s strategic priorities and provides an optimum balance with respect to the risk appetite of the organization.
• Institute a rigorous and holistic capital performance monitoring framework enabled by digital and agile techniques. Implement monitoring/early warning indicators, governance mechanisms and reporting protocols in the Group and Opcos to support effective capital performance management
• Serve as an independent advisor to the Group Business Finance Executive, Group CFO, Opco CFOs, Regional Vice Presidents and Group EXCO as required to:
  • Support strategic capital allocation and investment decisions
  • Support with insights on capital portfolio risk vs. return vs. shareholder value
  • Undertake timely actions based on early warning indicators for major capital investments
  • Support capital funding decisions and activities

Capital/Investment Portfolio evaluation and selection

• Lead the design, implementation and cascading of capital evaluation and selection frameworks to Group/Opco Finance Teams and Capital Committees, comprising of (but not limited to):

1. Business drivers and recommended capital mix to improve the quality of assumptions to evaluate individual business cases and major investment projects
2. Minimum project evaluation criteria, financial & performance estimation models applicable to difference investment categories
3. Continuous monitoring metrics for critical/long term projects at Group and Opcos

• Lead independent evaluation of high value/critical Investment proposals by reviewing the strategic profile (growth potential and fitment with the overall business strategy), financial profile (expected project return and short-term impact on EBIT), risk profile (payback time and assessment of market risks), and resource profile (fitment with existing capabilities)
• Independently monitor, provide executive dashboards & insights to Group Leadership to support timely decision making. This includes reporting on high value/critical Investment Projects (Group and Opcos) with respect to quality of the estimates, risk/cost/returns ratios, the variability of cash flows, and the payback profile over time
• Oversee out-of-budget capital projects (as per thresholds) and provide independent insights to the Capital Committee for final approval / recommendation

Job Requirements (Education, Experience and Competencies)

Education:

• Minimum of 4 year tertiary degree in Finance/ Commerce/ Accounting (mandatory)
• Qualified Chartered Accountant/Chartered Finance Analyst/Relevant Financial Management Professional Qualification (preferred)
• Postgraduate qualification/MBA (Advantageous)
• Relevant certification / accreditation / membership with professional body in Finance and Accounting bodies

Experience:

• 5 years senior management experience or more; with at least 3 years in the ICT Industry-Finance domain (understanding emerging markets advantageous)
• Experience working in a global/multinational enterprise in a medium to large enterprise
• Worked across diverse cultures and geographies
• Experience in managing a large team made up of mainly highly qualified individuals
• Subject Matter Expertise and Leading Practice thought leader in Business Finance Management, Operations and Performance

Functional Competencies:

• Capital Management and Allocation
• ICT Business Unit Operations
• Capital/Investment Evaluation Modeling
• Financial Planning, Forecasting and Reporting
• Business Analytics and Market Intelligence
• Investment/Deal Evaluation and Analytics
• Financial Portfolio Management
• Corporate Performance Management
• Governance and Internal Controls

Behavioral Competencies:

• Leading with Care
• Empathy
• Accountable
• Adaptable
• Agile
• Communication
• Culturally aware
• Gets work done
• Innovative
• Inquisitive
• Collaborative

Skills:

• Decision Making
• Organizational Agility
• Digital Mind-set
• Dealing with ambiguity and complexity
• Leadership/Entrepreneurial approaches
• Conflict Management