Business Development

2 weeks ago


Al Hufūf, Eastern Province, Saudi Arabia MatchaTalent Global Full time
This Company purchased a 70% stake in SABIC to accelerate its downstream strategy and leverage petrochemicals growth opportunities.

A Collaboration and Integration Committee (CIC), with senior leaders from This Company and SABIC, was established to optimize this investment by integrating upstream production with SABIC feedstock; expanding capabilities in procurement, supply chain, manufacturing, marketing and sales; complementing geographic presence, projects and partners; and increasing the resilience of cash flow generation with synergistic opportunities.

This Company's SABIC Affairs and Integration Department (SA&ID) has the responsibility to represent This Company's interest, support the CIC and manage the relationship and interactions with SABIC.

The Business Development Specialist in SA&ID reviews SABIC business development submissions; provides assistance in sourcing, screening, analyzing, planning and developing new business ventures, or a portfolio of ventures; provides high-level professional expertise in the development and management of new business ventures; assists SABIC in leading business portfolios and managing development of commercial agreements; providing administrative direction to analysts in reviewing legal documents; supports SABIC in managing negotiation strategy and execution; and supports SABIC in presenting business cases to This Company in order to pass the required approval gate at Management Committee and/or Board meetings.


Duties & Responsibilities:

You will be required to perform the following:

  • Manages business development processes from screening, early engagements, studies, negotiation, and other required activities to progress proposals through stage gates all the way to deal closure.
  • Leads business development activities encompassing: creating and developing partnerships along the value chain; developing business proposals; and identifying suitable partnership strategy and business models to maximize value creation for This Company.
  • Assists in the technical development and economic justification of capital programs, and alternatives to proposed capital projects.
  • Liaises with other departments to identify growth opportunities and capture synergies between assets.
  • Studies margin improvement opportunities in current refining and chemicals assets in context with the competitive landscape and market fundamentals.
  • Supports sustainability projects in line with environmental standards and decarbonization targets.
  • Provides commercial and technical expertise in executing the downstream strategy, including appraisal of strategic options, identification of strategic tradeoffs and implementation plans.
  • Represents This Company in professional societies, standard committees and conferences.
  • Prepares, reviews and presents Management Committee briefs and presentations.
  • Provides developmental and mentoring support to Business Development Analysts.

Benefits:


Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.


Minimum Requirements:
Bachelor's degree in Engineering, Business, or Economics.

MBA or a relevant advanced degree is strongly preferred as are relevant professional certifications such as:
Certified Financial Analyst (CFA), Certified Management Accountant (CMA), and/or Certified Project Management Professional (PMP).

15 years of professional experience in business development, with a strong track record of economic and commercial evaluations for major chemicals and refining projects, and a deep understanding of associated operations and integration of assets.

Proven track record of successfully developing strategies and vision to develop an emerging business within a large well-established organization.

Strong business development and partnership development experience, including:
establishing anchor projects with key partners and bringing companies together as co-investors in a large project investment.

Excellent understanding of financial analysis and valuation methodologies, commercial principals and mechanisms related to a transaction, and various types of commercial transactions.

Expert in navigating and influencing complex internal stakeholder groups to ensure successful business outcomes. Expert in international business and cross-cultural professional practices.

Strong understanding of the petrochemicals industry, market Intelligence and familiarity with short-term and long-term strategic planning would be a preferred.


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