Listing and Reporting Senior Analyst

About Ethiopian Securities Exchange (ESX)

ESX is Ethiopia’s first, and only organized securities exchange. ESX is being established as a public private partnership in line with Article 31 of the Capital Market Proclamation (No.1248/2021).

ESX operates the business of a securities exchange, functions as a Self-Regulatory Organization (“SRO”) and serves as the central market organizer providing an integrated product suite covering the equities, fixed income, and money market segments of the capital markets.

As the pioneer securities exchange, ESX aims to play a critical role in the development and growth of the Ethiopian capital markets. ESX’s core objective is to facilitate access to capital and support effective capital allocation in a manner that supports Ethiopia’s economic growth. By developing a well-regulated and efficient capital market ecosystem, ESX will enable mobilization of financial resources for both public and private sector institutions while providing investors a reliable platform to invest in an efficient environment. 

Job Summary

The role is responsible for supporting the listing and reporting unit of the Exchange. Alongside the Chief Operating Officer and Listing and Reporting Manager, the senior analyst will play a key role in the listing process for companies seeking to be listed on the exchange and ensuring compliance with ongoing reporting requirements.

The role involves developing the listings pipeline, conducting macro-economic, industry and firm level research, working closely with investment banks and transaction advisors, regulatory bodies, listed companies, and internal stakeholders to facilitate the development and smooth functioning of the exchange. The senior analyst coordinates with various internal departments, including legal, finance, and compliance to ensure a seamless and compliant listing process. 

Duties and Responsibilities of the role

●       Review applications and/or proposals made by issuers for listing (assessing prospectus/offering memorandum and other listing documents) manage transactions and/or further actions where appropriate; communicate decisions to issuers and/or advisors, including auditors and legal counsel.

●        Handle pre-IPO and pre-listing enquiries by issuers before filing of listing applications as well as support prospective issuers and advisors on listing related matters.

●        Support the supervising manager(s), ESX Board of Directors, and other relevant market committees in relation to decisions on listing applications.

●        Supervise compliance of issuers with the listing and reporting rules and procedures of the Exchange and other applicable laws and regulations

●        Maintain accurate and complete records of listing applications and files in a centralized database.

●        Oversee the timely and accurate release of information to the public.

●        Review disclosure documents to ensure compliance with relevant financial reporting and other standards.

●        Handle complaints against listed companies and enquiries and requests for clarification of the application of the Listing Rules by listed companies and service providers.

●        Conduct macro-economic, sectoral, industry, firm level research and general equity capital market research with an emphasis to link this to the overarching listing strategy of the Exchange.

●        Produce high quality and compelling research material for use in listing presentations and marketing materials.

●        Support in implementing strategic initiatives and policies where appropriate.

●        Engage in issuer preparation, market development, advocacy, investor education events.

●        Cultivate and maintain positive relationships with potential issuers and listed companies.

●        Act as a primary point of contact for listed companies, addressing inquiries and providing guidance on reporting and compliance matters.

●        Undertaking other tasks as required from time to time.

Work Relationship 

●        Internal: Line Managers

●        External: Prospective Issuers, Investors, Private Sector, Regulatory Bodies, and other stakeholders

Qualification Required:  

Must Haves:

●        Bachelor’s degree in Finance, Economics, Business Administration, Management, or other relevant fields of study.

●        At least five (5) years of hands-on experience in the financial analysis, investigation or auditing or in related field

●        Strong experience in a financial reporting framework i.e IFRS

●        Prior experience in investment banking, capital market activities, or in financial advisory is an advantage.

Competency requirements: 

●        Demonstrated competence in research and analytical work, understanding of financial markets, accounting principles, and regulatory frameworks.

●        CPA or ACCA, or Security and Investment certificate is an asset

●        Excellent communication skills, both written and verbal.

●        Current knowledge of industry practices, trends, and issues.

●        Ability to work effectively as a team member in a private multi-cultural environment.

●        Ability to analyze data and provide recommendations.

●        Detail-oriented with a focus on accuracy and compliance.

●        Good interpersonal, presentation and written communication skills, ethical and high-level of integrity.

●        A positive "can-do" attitude, open-minded & sense of ownership.

Language requirements:

●         Fluency in English and Amharic