Energy Economics Analyst Job Vacancy in Mekelle, Ethiopia – Energy & Utilities – Renewable Energy

Job Description

Position: Energy Economics Analyst

Company: Ernst & Young Ethiopia

Location: Mekelle, Ethiopia

Experience: 5+ years in energy economics, renewable energy project finance, financial modeling

Education: Master’s degree in Economics, Energy Management, Finance or related field

Employment Type: Full-time

Industry: Energy & Utilities – Renewable Energy

Department: Advisory Services – Energy Economics

Salary: SSP 250,000 – 400,000 per month

Vacancies:1

Company Overview

Ernst & Young (EY) Ethiopia is a leading professional services firm delivering assurance, advisory, tax and transaction advisory services to a broad spectrum of industries across the country. With a strong global network and a deep commitment to sustainable development, EY supports Ethiopia’s ambitious energy transition agenda by providing strategic insights, risk management, and innovative financial solutions. The firm’s Energy Advisory practice works closely with government agencies, utilities, independent power producers, and multinational investors to shape policies, develop market mechanisms, and unlock capital for renewable energy projects. EY’s presence in Mekelle enables it to serve the growing demand for expertise in the Tigray region’s emerging solar, wind, and hydro initiatives, positioning the firm as a catalyst for economic growth and clean energy adoption.

Job Overview

The Energy Economics Analyst will join EY’s Energy Advisory team in Mekelle, focusing on the economic analysis of renewable energy projects, market design, and policy evaluation. The role involves conducting rigorous financial modeling, cost‑benefit assessments, and scenario analysis to support clients in making data‑driven investment decisions. You will collaborate with multidisciplinary teams, including engineers, policy analysts, and finance professionals, to deliver comprehensive advisory reports that influence project financing, regulatory frameworks, and strategic planning. This position offers a unique opportunity to contribute to Ethiopia’s clean energy future while gaining exposure to high‑impact international projects.

For more information about EY’s commitment to sustainable energy, visit https://ethiopiajobssearch.com.

Key Responsibilities

• Develop and maintain detailed financial models for solar, wind, hydro, and hybrid renewable energy projects.
• Perform macro‑economic and sectoral analysis to assess market trends, policy impacts, and investment attractiveness.
• Prepare cost‑benefit analyses, levelized cost of electricity (LCOE) calculations, and sensitivity studies for client proposals.
• Support the preparation of investment memoranda, feasibility studies, and regulatory impact assessments.
• Collaborate with engineering teams to integrate technical parameters into economic models.
• Present findings and recommendations to senior client stakeholders, government officials, and internal partners.
• Monitor and interpret Ethiopia’s energy policies, tariffs, and incentive schemes to advise on compliance and optimization.
• Contribute to thought leadership by publishing white papers, articles, and briefing notes on energy economics.

Required Skills

• Advanced proficiency in Excel, VBA, and financial modeling software (e.g., @RISK, PLEXOS).
• Strong analytical abilities with a solid grasp of econometric techniques and statistical analysis.
• Excellent written and verbal communication skills, capable of translating complex data into clear insights.
• Knowledge of Ethiopia’s renewable energy regulatory environment and market structures.
• Ability to work independently and as part of cross‑functional teams in a fast‑paced advisory setting.
• Fluency in English; proficiency in Amharic or Tigrinya is an advantage.

Education

A Master’s degree in Economics, Energy Management, Finance, or a closely related discipline is required. Candidates with a Ph.D. in Energy Economics or a professional certification such as CFA, CEA, or PMP will be given additional consideration.

Experience

Applicants must have a minimum of five years of relevant experience in energy economics, renewable energy project finance, or related advisory roles. Experience working with international development agencies, multilateral banks, or large energy utilities in Africa is highly valued.

Salary

The compensation package ranges from SSP 250,000 to SSP 400,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and a retirement savings plan.

Benefits

• Comprehensive health and dental coverage.
• Retirement savings scheme with employer contributions.
• Annual performance bonus.
• Professional development allowance and support for certifications.
• Flexible working hours and remote‑work options.

Training

• On‑boarding program covering EY’s methodologies, tools, and Ethiopian energy market specifics.
• Access to EY’s global learning platform for continuous skill enhancement.
• Mentorship from senior energy economists and industry experts.
• Opportunities to attend international conferences and workshops on renewable energy finance.

Working Environment

EY offers a collaborative, inclusive, and innovative workplace where diversity of thought is celebrated. The Mekelle office provides modern facilities, high‑speed internet, and a supportive culture that encourages knowledge sharing and professional growth. Employees benefit from a balanced work‑life environment, with regular team‑building activities and community outreach programs.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the EY careers portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment at the Mekelle office.

For additional career resources, visit https://www.kenyajobsearch.com/.

Equal Opportunity Statement

Ernst & Young Ethiopia is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of race, gender, age, religion, disability, sexual orientation, or any other protected characteristic. All qualified applicants will receive consideration for employment without discrimination.