# Exploring the Strategic Role of ID FOOD: Indonesia’s State-Owned Food Holding
ID FOOD serves as the official corporate identity for the Indonesian State-Owned Food Holding company, PT Rajawali Nusantara Indonesia (Persero). Established under Government Regulation No. 118 of 2021, the holding company was formalized to strengthen national food security through a strategic consolidation of state assets. Supported by the Ministry of Finance's Decree No. 555/KMK.06/2021, the transition culminated in the signing of a share inbreng agreement on January 7, 2022, followed by the official brand launch by the Minister of State-Owned Enterprises, Erick Thohir, on January 12, 2022.
This rebranding initiative provides a unified strategic direction for the holding company, positioning ID FOOD as a pivotal player in Indonesia's economic landscape. By consolidating resources, ID FOOD aims to optimize the efficiency and impact of state-led food initiatives across the archipelago.
## Core Business Operations
ID FOOD manages a diverse portfolio aimed at strengthening the national food supply chain. The organization’s operations are categorized into three primary sectors:
* Agriculture and Agro-industry: Focusing on sustainable cultivation and high-yield farming practices.
* Livestock and Fisheries: Enhancing domestic productivity in protein-rich food sources.
* Trade and Logistics: Streamlining distribution networks to ensure food accessibility and market stability.
## Organizational Structure
The ID FOOD ecosystem is comprised of five former state-owned enterprises that act as the pillars of the holding company:
1. PT Perusahaan Perdagangan Indonesia
2. PT Sang Hyang Seri
3. PT Perikanan Indonesia
4. PT Berdikari
5. PT Garam
Additionally, the holding includes eleven existing subsidiaries, such as PT PG Rajawali I, PT Rajawali Nusindo, and PT Mitra Kerinci, among others, all of which contribute to the holistic mission of the organization.
## Career Opportunity: Finance Vice President
As ID FOOD continues to expand its operations, the organization is seeking a strategic leader to serve as the Finance Vice President. This role is critical to the financial integrity and long-term sustainability of the entire holding group.
Key Responsibilities
The selected candidate will be responsible for overseeing the financial governance of the holding company, including:
* Financial Standards: Developing, coordinating, and evaluating guidelines for funding, investment, and treasury management.
* Tax Strategy: Establishing and maintaining robust tax compliance standards.
* Financial Planning: Managing treasury functions, mitigating financial risks, and monitoring the fiscal implementation across all holding members.
* Asset Management: Overseeing the strategic management of corporate debts and receivables to ensure optimal liquidity.
Professional Requirements
To succeed in this executive position, candidates should possess the following qualifications:
* Educational Background: A Bachelor’s or Postgraduate degree in Economics, Financial Management, or a related field.
* Professional Experience: A minimum of 15 years of experience in the finance sector, with preference given to candidates with a background in the banking industry.
* Technical Expertise: Proven competency in financial restructuring, debt/receivable management, taxation, and treasury operations.
* Soft Skills: Exceptional communication, high self-motivation, and advanced problem-solving abilities.
* Language Proficiency: Fluency in English is considered a significant advantage.
Interested applicants who meet these criteria are invited to submit their professional documentation via email to [email protected].