Business Development Specialist - Relocation: Dhahran, Saudi Arabia (Any)

Business Development Specialist

Relocation: Dhahran, Saudi Arabia

Full-time (On-site)

Directs activities related to sourcing, screening, analyzing, planning, and developing a business venture or portfolio of ventures including initiation, closing, and transition. Provides high-level professional expertise in the development and management of new business ventures. The scope includes handling proposals valued up to $500MM or larger. To work under self-direction and direct a staff of 3 to 12 professionals toward pre-determined long-term objectives

Responsibilities:

• Manages the business development process through deal closure, including validation against proposal progress through stage gates, prioritizing business proposals against investment criteria and determining scope and objectives of deals, and offering commercial & technical solutions to make up company business offerings.
• Works with investor(s) to establish high-level strategic, financial, and operational goals and milestones for a new venture.
• Review investor proposals and approve contract payments and variations within authority limits. Acts as a primary contact for contractors, consultants, and vendors.
• Coordinates with internal stakeholders and subject matter experts (e.g. Law, Finance, Strategy, Planning, etc.) to ensure deal alignment and align its progression. Coordinates with internal entities, external entities, and advisors/consultants to promote business opportunities.
• Leads business portfolios and manages the development of commercial agreements and provides analysis in reviewing legal documents which includes the head of terms, MoUs, cost-sharing and shareholders agreements, product offtake, share services, and similar. Manages negotiation strategy development and execution.
• Prepare reviews and present corporate committees and executive briefs
• Provides administrative direction to Business Development staff including job performance appraisals, job promotion recommendations, and relevant human resources development roles.Sees that proper documentation is maintained on all business venture development work.
• Represents Saudi Aramco, its affiliates, and/or the Kingdom in professional societies, committees and conferences.

Must-Haves:

• Bachelor or Art (Business and Management), Bachelor of Science (Engineering) or similar
• 12+ years of experience in Business Development
• CFA (Chartered Financial Analyst), CMA (Certified Management), PMP (Project Management Professional), or similar certification
• Industry expertise and knowledge of specific business transactions and venturing activities, such as operational or financial carve-out, commercialization, joint venture development and management, project development and execution, valuation and economic/financial modelling, business operations and maintenance, and strategy development and execution.
• Expertise in financial analysis of companies and transaction valuation.
• Focused knowledge and experience in one or more of the following; carve-out divestment, financial re-structuring, or initial public offering (IPO).
• Experience in dealing with local or Industry-specific best practices as well as regulatory and governmental mandates.

Sourcing Nationality:

Any