This role requires the candidate to permanently relocate to Riyadh, Saudi Arabia.
About the Company
Founded in the late 1970s in Saudi Arabia's oil-rich region, this multinational corporation has solidified its position as a global leader in the petrochemical sector. With a diverse product portfolio ranging from chemicals and intermediates to polymers, agri-nutrients, and metals, the company has expanded its operations across 50 countries. Prioritizing innovation and sustainability, it boasts state-of-the-art research centers and a staunch commitment to environmental responsibility. As a testament to its excellence and influence, the firm actively fosters strategic global partnerships, continuously setting benchmarks in quality and industry standards.
Job Summary
Lead and direct the effective and efficient management of This Company's long-term investment project portfolio through leadership, engagement, planning, and development. Develop This Company’s 10-year investment scenarios with major business units to enable This Company to meet commitments to the 2025 Strategy, Vision 2030, and Shareek. Generate long-term forecasts on EBITDA, CAPEX, OPEX, Working Capital, and Capital Requirements. Provide in-depth analysis on This Company's cash affordability test, financing capabilities, and future credit rating to This Company leadership, Executives, Strategic Growth Leaders, and This Company Board for investment decision-making.
Responsibilities:
Capital Planning and Cash Flow Forecast:
- Develop strong alignment around the results of the plan and adherence to managing its implications.
- Deliver monthly and quarterly periodic reports to CFO for performance monitoring and target revision.
- Drive completeness of 5-year and 10-year spending plans for CAPEX, OPEX, and Working Capital.
- Lead and develop program guidelines, processes, criteria, baselines, tools, and coordinate validation.
- Liaise with Cash Management to report cash flow forecasts & scenarios on a quarterly basis.
- Align timeline and deliverables with Planning and Treasury in reporting to This Company Executives, Investor Calls, Board Meetings, etc.
- Support development of investment portfolio scenarios and cash affordability analysis.
- Interact with various teams to drive process standardization and improvements.
Investment Portfolio Management and Strategic Contribution:
- Lead and direct the effective management of developing and updating This Company's short- and long-term investments, growth, and contribution to This Company commitments and strategies.
- Drive investment planning best practices across This Company, ensuring adherence to investment planning guidelines.
- Assess cash affordability and credit rating changes and provide multiple scenarios and options.
- Engage with This Company Leaders, CFO, and Executives to provide direction on investment portfolio management.
- Support development of long-term investment portfolio dashboards and reports and prioritization of investment opportunities based on evolving feasibilities of investment projects.
Investment Business Case Assurance:
- Develop and implement governance for Investment Feasibility Studies & Investment Portfolio Management.
- Execute Assurance of business cases related to all key projects, including Mega-Projects, Technology Venturing, M&A, and other key projects.
- Deliver independent assurance reports timely to CFO and Investment Committee.
- Challenge strategic fit and project feasibility in relation to market, financial, operational, and project-related assumptions used in business cases.
- Continuously improve investment planning guidelines and business case assumptions.
Organization:
- Develop and refine the strategy for the section and its contribution to the overall process of management and corporate decision-making.
- Direct the day-to-day operations of the department, providing expertise, encouraging teamwork, and aligning work processes to achieve high-performance standards.
- Exercise financial authority within established limits and control departmental budget expenditure.
- Liaise and coordinate with internal and external parties at the appropriate levels to support execution and provide required support/guidance.
People Management:
- Ensure effective achievement of functional objectives through leadership, setting departmental and individual objectives, managing performance, and developing staff.
- Be responsible for the department's talent management, including attraction and retention, and contribute to global talent management in cooperation with Corporate Human Resources.
- Provide coaching/consulting functions to various staff as needed to develop skills.
Requirements:
- This role requires the candidate to permanently relocate to Riyadh, Saudi Arabia.
- Bachelor's degree in relevant subjects such as Business, Economics, Accounting, or Finance.
- Professional qualification such as CMA, CIMA, or CFA.
- Over 10 years of experience in financial modeling or valuation.
- Extensive experience in the Petrochemical Industry spanning from upstream to downstream sectors.
- Previous experience in finance due diligence, M&A (Mergers and Acquisitions), corporate venturing, or licensing.
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