This role requires the candidate to permanently relocate to Dhahran, Saudi Arabia.
About the Company
This company engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment includes crude oil, natural gas, and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded on May 29, 1933, and is headquartered in Dhahran, Saudi Arabia.
Job Summary
We are seeking a Downstream Assets Manager to join the Fuels Affiliates Affairs Department (FAAD). FAAD serves as the designated shareholder representative of the company's equity interest in domestic and international affiliates. The department's mission is to manage the company's portfolio investments to maximize value and achieve profitable, sustainable performance.
FAAD achieves this through aligning affiliate and corporate strategies, unlocking synergies within the portfolio, and providing technical engineering and human resource support. Additionally, FAAD oversees company management and liaises with joint venture (JV) partners on matters including corporate governance, government regulations, venture strategy, contract management, and performance updates to executive management and affiliate board members.
Your primary role as the Downstream Assets Manager will be to act as the main point of contact between the company and JV partners. You will oversee the financial performance of the JV, issue periodic reports to management, and monitor corporate governance to ensure alignment with strategic goals and regulatory requirements.
Key Responsibilities:
Brief the company's Directors for Board meetings and key decisions, and prepare support materials as needed.
Oversee or conduct analysis on joint ventures (JVs), prepare materials for internal approvals (e.g., capital investments), and manage review and alignment processes.
Assist JVs in accessing resources and services (e.g., skills, data, tools, best practices, relationships) inside the company.
Monitor, manage, or coordinate information requests, audits, site visits, and communications between the company and JVs.
Understand all interfaces (e.g., services, support agreements) between the company and JVs, and intervene where necessary to ensure value creation and maintain support.
Manage ongoing operational and financial performance reporting, including internal metrics/tracking and investor-level reporting.
Help develop the company's strategy and business plan for JVs.
Develop and drive the implementation of a coordinated influencing plan in line with the company's approved strategy and business plan.
Proactively identify opportunities for performance improvement or synergy capture, develop associated business cases, and negotiate with JVs/partners to adopt.
Develop and annually update JVs risk registries, including separate company and JV risks.
Requirements:
Willingness to relocate to Dhahran, Saudi Arabia.
Hold a Bachelor's degree in Chemical Engineering, Mechanical Engineering, or System Engineering.
7+ years of relevant experience.
Thorough knowledge of engineering practices and US codes, standards, and specifications.
High-level understanding of technical and operational issues in refining and/or petrochemical facilities; in-depth technical knowledge is a plus.
Demonstrate a good understanding of planning, economics, and financial controls (related to OPEX, CAPEX, investment decisions, NPV calculation, business case development, etc.).
Understanding of Saudi social, political, regulatory, and economic context, especially related to Downstream.
Ability to shape strategic objectives in a JV, and those of partner(s), and utilize best practices for managing partnerships.
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