Business Development Specialist (Relocation to Saudi Arabia)

Full Time, onsite
aramco
Singapore, Singapore

Salary undisclosed

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This is full-time expatriate, residential position based in Saudi Arabia

Overview

We are seeking a Business Development Professional to join our In-Kingdom Retail Department (IKRD).

The (IKRD) is the custodian of Aramco’s retail business inside Kingdom of Saudi Arabia and is responsible for strategy formulation, business development, M&A and management of retail fuel subsidiaries and Joint ventures (JV’s).

The primary role is to enable the execution of the Retail strategy through development of an opportunities pipeline and/or leading a complex M&A transaction by working through wide range of external and internal stakeholders to ensure timely execution of definitive agreements.

Duties & Responsibilities

Manage business development process from screening through business proposals, including drive screening and validation activities to progress proposals through stage gates, and prioritize business proposals against investment criteria.
Develop complex business cases to further prospective business ventures and summaries information from feasibility studies that serve as inputs to business plans.
Provide functional expertise to determine the capabilities and risks associated with proposed new expansion levers, e.g. assessment of operating models, non-fuel offerings, branding, sales, marketing and logistics.
Lead and/or support negotiation of agreements with external parties as part of the ongoing expansion activities
Lead commercial activities of the expansion process such as the commercial due diligence and negotiating key commercial terms with external parties.
Develop updates to the retail and downstream strategy when required and is accountable to present them to the Company’s Executive Management for approval
Deliver clear and effective presentations to Senior Management related to ongoing projects and initiatives, anticipating possible questions and objections.
Multiple ongoing responsibilities that have to be managed simultaneously while under pressure to deliver towards deadlines with moving targets.
Understands financial metrics in order to analyze and articulate the messages to the correct audience level
Develop, negotiate, and manage franchise contracts for fuel and non-fuel retail business.

Requirements

Hold a Bachelor’s degree in Business Management, Finance, Marketing, Economics or Engineering discipline from a recognized and approved program. An advanced degree like an MBA would be an advantage.
Have at least 15 years’ experience in fuel retail or related businesses gained at different organizational levels within major In-Kingdom and Global oil companies. You must have exposure to corporate oversight roles and business P&L accountability.
Have an adequate understanding of financial analysis of companies and valuation methodologies; commercial principals of a transaction; different types of transactions.
Have a proven track record of business development expertise and value creation via direct involvement in expansion activities.
Must have a highly commercial mindset with the ability to understand P&L, Balance sheets and key drivers for value generation.
Have the ability to work independently, engage with Senior stakeholders, excellent communication skills and flexibility to work on diverse subjects are key skills to be successful in this role.
Given the In-Kingdom nature of operations, the role requires high level of cultural adaptability, resilience and flexibility including occasional travel.

This is full-time expatriate, residential position based in Saudi Arabia

Overview

We are seeking a Business Development Professional to join our In-Kingdom Retail Department (IKRD).

Duties & Responsibilities

Manage business development process from screening through business proposals, including drive screening and validation activities to progress proposals through stage gates, and prioritize business proposals against investment criteria.
Develop complex business cases to further prospective business ventures and summaries information from feasibility studies that serve as inputs to business plans.
Provide functional expertise to determine the capabilities and risks associated with proposed new expansion levers, e.g. assessment of operating models, non-fuel offerings, branding, sales, marketing and logistics.
Lead and/or support negotiation of agreements with external parties as part of the ongoing expansion activities
Lead commercial activities of the expansion process such as the commercial due diligence and negotiating key commercial terms with external parties.
Develop updates to the retail and downstream strategy when required and is accountable to present them to the Company’s Executive Management for approval
Deliver clear and effective presentations to Senior Management related to ongoing projects and initiatives, anticipating possible questions and objections.
Multiple ongoing responsibilities that have to be managed simultaneously while under pressure to deliver towards deadlines with moving targets.
Understands financial metrics in order to analyze and articulate the messages to the correct audience level
Develop, negotiate, and manage franchise contracts for fuel and non-fuel retail business.

Requirements

Hold a Bachelor’s degree in Business Management, Finance, Marketing, Economics or Engineering discipline from a recognized and approved program. An advanced degree like an MBA would be an advantage.
Have at least 15 years’ experience in fuel retail or related businesses gained at different organizational levels within major In-Kingdom and Global oil companies. You must have exposure to corporate oversight roles and business P&L accountability.
Have an adequate understanding of financial analysis of companies and valuation methodologies; commercial principals of a transaction; different types of transactions.
Have a proven track record of business development expertise and value creation via direct involvement in expansion activities.
Must have a highly commercial mindset with the ability to understand P&L, Balance sheets and key drivers for value generation.
Have the ability to work independently, engage with Senior stakeholders, excellent communication skills and flexibility to work on diverse subjects are key skills to be successful in this role.
Given the In-Kingdom nature of operations, the role requires high level of cultural adaptability, resilience and flexibility including occasional travel.