Business Development Specialist

<b>We are Aramco</b><br> <br>Our high-performing employees are drawn by the challenging and rewarding professional opportunities we offer, and by the opportunity to make a positive difference through their work. At Saudi Aramco, we give our people the opportunity to do the work they dreamed of doing and support them in achieving more than they thought possible.<br><br><b>Overview</b><br><br>The Downstream Business Development Department (DBDD) implements Aramco Downstream growth strategy through the development of profitable investments, mergers and acquisitions (M&A), and joint ventures including securing long-term placement of crude oil in facilities with substantial conversion of liquid feeds to chemicals, while providing opportunities for product marketing and technology licensing. DBDD identifies, evaluates, screens, reviews and recommends global business development opportunities such as mega JV greenfield and brownfield projects, mergers and acquisitions in line with the Downstream strategy and in coordination with other Downstream organizations. <br> <br> The Business Development Specialist is responsible for planning and managing implementation of effective projects and transaction delivery including evaluation, structuring and negotiating all projects and deals relating to growth opportunities in the refining, petrochemicals, trading, retail and lubricants segments. This role is also responsible for engaging and working constructively within Aramco and with Joint Venture partners to achieve alignment with relevant internal and external stakeholders throughout the transaction process; as well as structuring and developing opportunities in a way that has a strong strategic fit with the endorsed Downstream strategy through the entire transaction cycle with the aim of successful conclusion in the form of formal definitive agreements. <br> <br> Reports to the Downstream Business Development Department (DBDD) Management on the status of individual projects ongoing within the DBDD project portfolio.<br><br><b>Key Responsibilities</b><br><br><ul> <li> Initiates and executes business development process from screening through transaction closure, including screening and validation of activities against proposals progress through stage gates, prioritizing business proposals against internal investment criteria and the Downstream strategy. </li> <li> Recommends the scope, objectives and key business principles of the transaction, offering commercial and technical solutions that constitute the company's business offering. </li> <li> Leads business development activities encompassing: creating and developing partnerships along the Downstream value chain; developing business proposals; and identifying suitable partnership strategies and business models to maximize value creation for Aramco. </li> <li> Leads business portfolios and manages development of commercial agreements and provides administrative direction to Business Development Analysts senior staff in reviewing legal documents which include head of terms, memorandum of understanding, cost sharing and shareholder agreements. </li> <li> Recommends negotiation strategy development and execution. </li> <li> Coordinates with internal subject matter experts' groups (Law, Finance, Strategy & Market Analysis, and Technical Services) to ensure deal progress. Works with internal organizations, external advisor and prospective partners to promote new business opportunities. </li> <li> Assist in the technical development and economic justification of capital programs, and alternatives to proposed capital projects. </li> <li> Liaise with other departments to identify growth opportunities and capture synergies between assets. </li> <li> Study margin improvement opportunities in current refining and chemicals assets in context with the competitive landscape and market fundamentals and share insights to the management. </li> <li> Provide commercial and technical expertise in executing the downstream strategy, including appraisal of strategic options, identification of strategic tradeoffs and implementation plans. </li> <li> Prepares, reviews and presents Management Committee briefs and presentations. </li> <li> Provides developmental and mentoring support to Business Development Analysts. </li> </ul><br><br><b>Minimum Requirements</b><br><br><ul> <li> Bachelor's degree in Engineering,(Chemical preferable, or other disciplines), Business, Finance or Economics and MBA or other relevant advanced degree. </li> <li> Professional Certifications (preferred): Project Management Professional (PMP), Certified Financial Analyst (CFA) and Certified Management Accountant (CMA) are strongly preferred. </li> <li> At least 12 years of professional experience in business development, with a strong track record of economic and commercial evaluations for major refining and chemicals projects, and a deep understanding of associated operations and integration of assets. </li> <li> Proven track record of successfully developing strategies and vision to develop an emerging business within a large well-established organization. </li> <li> 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. </li> <li> Excellent understanding of financial analysis and valuation methodologies, commercial principals and mechanisms related to a transaction, and various types of commercial transactions. </li> <li> Expert in navigating and influencing complex internal stakeholder groups to ensure successful business outcomes. </li> <li> Expert in international business and cross-cultural professional practices. </li> </ul><br><br><b>Certificates</b><br><br>Title : Certified Financial Analyst (CFA) <br> Req./Pref. : Preferred <br> <br> Title : Certified Management Accountant (CMA) <br> Req./Pref. : Preferred <br> <br> Title : Certified Project Management Professional (PMP) <br> Req./Pref. : Preferred<br><br><b><b>Explore our career opportunities</b></b><br> <br>We are a global company with over 70,000 employees. Be part of a diverse global culture, working on challenging projects with dynamic, talented people in a world-class environment.<br> <br>If you are interested in applying for a porisiton at Saudi Aramco, then please submit your complete application documents (CV and motivation letter).