Govt seeks a chief financial strategist for SOEs for MVR 46,000 monthly pay

The Finance Ministry is seeking to hire a chief SOE financial and business strategist, who will be responsible for monitoring and evaluating state-owned enterprises and government shareholding companies.

In an announcement posted on the Government Gazette on Tuesday, the ministry asked for interested candidates to submit their expression of interest, along with their CV, a copy of their national ID card and other supporting documents by 01:00 pm Sunday.

The position offers a monthly renumeration of around MVR 46,000. This includes:

• Basic salary: MVR 23,825 per month
• Job allowance: MVR 15,690 per month
• Attendence allowance: MVR 370 per day

According to the ministry, the candidate selected for the role will be initially contracted for a period of one year, but will have their contract renewed at the end of the contract period based on performance and business need.

In addition to carrying out oversight functions, the chief SOE financial and business strategist leads and oversees technical initiatives related to SOE restructuring and reform, financial sustainability, governance enhancement, strategic business transformation, and other initiatives aimed at improving the performance and long-term value of government-owned enterprises.

The move to hire a chief SOE financial and business strategist comes as many SOEs run at a loss, and are plagued by allegations of corruption, nepotism and cronyism.