Assistant Director – Commercial Investments Division

ABOUT THE DIVISION & BRANCHES

Commercial Investments Division (CID) within Commercial Group at the Department of Finance supports delivery and oversight of a diverse set of relationships and Commercial Investments on behalf of the Australian Government and the Minister for Finance. 

CID consists of five Branches, Communication and Energy Investments, Commercial Policy and Advice, Defence Investments, Specialist Investment Vehicles, Funds and Governance and Transport Investments. 

CID provides oversight of the management of the Government’s nine GBEs and eight SIVs to ensure accountability and transparency is maintained while also delivering value for money.

GBE’s include:

• ASC Pty Ltd
• Australian Naval Infrastructure
• Australia Post
• Australian Rail Track Corporation
• Inland Rail Pty Ltd
• NBN Co Limited
• National Intermodal Corporation
• Snowy Hydro Limited
• Western Sydney Airport Corporation

SIV’s includes:

• Australian Renewable Energy Agency
• Australian Infrastructure Financing Facility for the Pacific
• Clean Energy Finance Corporation
• Export Finance Australia
• Housing Australia
• National Reconstruction Fund Corporation
• Northern Australia Infrastructure Facility
• Regional Investment Corporation 

Please see the vacancy pack attached for more information about the Commercial Investments Division. 

ABOUT THE OPPORTUNITIES

We are seeking to immediately fill EL1 level roles across three (3) key functions across Commercial Investments Division (CID) and will work with successful candidates to find a role that best suits their skills, capabilities and interests. 

Government Business Enterprise (GBE) Oversight

As an Assistant Director in one of our GBE teams, you would be responsible for leading a small team to represent the Minister for Finance’s interests as shareholder minister in delivering high quality commercially driven outcomes consistent with the Government’s policy objectives. Oversight roles include supporting the delivery of major infrastructure works such as Snowy Hydro 2.0 or the Western Sydney International Airport, regulatory compliance of government entities such as through NBN Co or Australia Post, supporting Australia’s national security objectives by oversighting the entities’ delivery of major Defence capability projects and establishing a new joint entity to deliver the Marinus Link project. 

Investment Management 

As an Assistant Director providing oversight and guidance associated with the Commonwealth’s Investment Framework, Australian Government Investment Funds or Specialist Investment Vehicles, you will be responsible for strengthening the Commonwealth’s long-term financial position to meet unfunded liabilities, to deliver on critical government funding policy objectives and/or to support Government’s investments in priority industries. 

This diverse opportunity could see you working alongside the Future Fund Management Agency to support implementation of its investments framework, working with investment vehicles such as the Northern Australia Infrastructure Facility, Clean Energy Finance Corporation or National Reconstruction Fund Corporation, or supporting other Commonwealth agencies undertake major strategic transactions. 

Commercial Policy Development and Implementation

CID manages the Commonwealth Investment Framework and supports Commonwealth agencies in implementing the Framework to meet the Government’s investment and policy objectives. These investment and policy objectives could be implemented through existing GBE’s, investment vehicles or through working with agencies to support new transactions in various commercial sectors. 

For example, there are opportunities to work closely to develop and implement major Government Policy priorities such as the AUKUS trilateral partnership and the acquisition of conventionally-armed nuclear-powered submarines, Net Zero and renewable energy policy, and supporting the development and implementation of scoping studies and reviews, such as the Inland Rail Review, by providing quality advice to Commonwealth agencies and to Government. 

OUR IDEAL CANDIDATES

We are seeking candidates who demonstrate and exemplify the following behaviours, which form the cornerstone of our organisational culture: 

• Collaboration, mutual respect and productive working relationships.
• Courteous, respectful and effective communication.
• Innovation, creativity, and appropriate levels of risk-taking.
• Demonstrate a commitment to excellence, professional development, and a strategic approach to achieving results.
• Personal drive and integrity.

Candidates with a bachelor degree in a relevant area such as Economics, Finance, Public Policy, Accounting, Commerce, Law and/or other related disciplines, or demonstrated experience in one or more of these areas, will be highly regarded.

An understanding of the Commonwealth policies and Budget decision making processes is desirable, but not essential.

Finance actively supports flexible and hybrid working arrangements, with remote working arrangements to be considered on a case-by-case basis. Part-time staff are encouraged to apply.

Candidates found suitable, but do not secure an immediate vacancy, will be placed into a merit pool that will be valid for 18 months from the date of advertising and drawn upon to fill future vacancies as they arise.

DETAILED VACANCY INFORMATION

For detailed information about these roles, including the job specific capabilities, please refer to the downloadable vacancy pack, which can be accessed by clicking the hyperlink at the bottom of this page.

INFORMATION SESSION

The information sessions will provide you with the opportunity to find out more about these exciting vacancies and will be held in person (1 Canberra Avenue Forrest) and via Microsoft Teams on:

• Tuesday, 6 February 2024 12.30 PM – 1.30PM
• Tuesday, 6 February 2024 5.30 PM – 6.30 PM

Register your interest by contacting Patrice Fitzpatrick at ************@finance.gov.au