Overview:

We are seeking a Downstream Assets Manager to join Fuels Affiliates Affairs Department (FAAD).

FAAD is the designated shareholder representative of the company's equity interest in domestic and international affiliates. FAAD manages the company's portfolio investments to maximize value and achieve profitable and sustainable performance. This is achieved through alignment of affiliate and corporate strategies, supporting affiliates by unlocking synergies within the portfolio, and delivering technical engineering and human resource support while providing oversight to the company's management. FAAD also liaise with JV partners on matters ranging from corporate governance, government regulations, venture strategy, contract management, and providing performance updates to executive management and affiliates board members.

Your primary role is to be the focal point of contact between the company and JV, oversee financial performance of the JV and issue periodic reports to management and monitor corporate governance.

Minimum Requirements:

• As a successful candidate you will hold a Bachelor's degree in Chemical Engineering, Mechanical Engineering, or System Engineering.
• You will have seven plus years' relevant experience.
• You will have a thorough knowledge of engineering practices and, US codes, standards and specifications.
• You must have a high-level understanding of technical and operational issues in refining and/or petrochemical facilities, in-depth technical knowledge is a plus.
• You will be able to 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.
• You will have the ability to shape our strategic objectives in a JV, and those of our partner(s) and utilize best practices for managing partnerships.

Duties & 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 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.

Benefits:

• Compelling remuneration package.
• Permanent Employment on an Indefinite Term Employment Agreement.
• The company's Incentive Plan: This is a broad-based annual and performance based incentive plan based on company and individual performance, base salary, and length of service during the plan year. The objective of this plan is to drive organizational performance, as well as, recognize and reward your contributions beyond the normal annual merit increases.
• Annual repatriation travel allowance: An annual cash payment that more than covers airfare costs to your home country. You have full flexibility to use this payment in any way you choose.
• Annual vacation: You can look forward to up to 38 calendar days of paid leave each year. In addition, you'll typically be granted between 9 and 11 days of national public holidays each year.
• Severance award: In accordance with the Saudi labor law, a severance award is payable by the company to employees who leave after two years or more of satisfactory service. The severance award is based on length of continuous service and final base pay. The severance award can be a substantial benefit for longer service employees.
• Education Assistance Plan: If you are hired on family status, you may be eligible to benefit from the company's excellent education assistance plan for dependent children. This may include the option for them to attend the company's high quality private schools or to attend international schools in the local community.
• Quality housing in company communities or a rental assistance allowance: We have four communities in the Eastern Province where we provide quality accommodation in pleasant surroundings. Alternatively, employees may obtain housing in the local communities outside of the company's communities, for which we provide a rental assistance allowance.
• Free medical care: We provide medical care via our subsidiary medical network or contracted hospitals and clinics. These facilities are among the finest in the Middle East.
• Free access to recreational facilities: You will have access to our extensive range of recreational facilities that include: private beaches, tennis courts, exercise gyms, swimming pools, golf courses, tennis and squash courts, and much more.
• Free scheduled transportation: Air-conditioned buses are provided free of charge for transportation within camp areas, to work locations, local shopping areas outside camp, the beach and our other communities.
• Voluntary Group Life and Accident Insurance: you may enroll in a voluntary program providing term life insurance and accidental death and dismemberment (AD&D) coverage equal to 12, 18, 24 or 30 times your monthly base salary. Favorable group rates keep the premium low.
• Short-term Disability: In the event you are unable to work due to illness or injury, short-term disability income benefits are provided. The benefit is 30 days full pay and 60 days at three-quarters pay, in any one year period.
• Death Benefit: The company pays an ex-gratia death benefit equal to 24 months base pay if death is from an industrial accident and 12 months base pay if death is non-industrial related.
• Career development: We recognize and value professional growth and achievement, so you'll have many opportunities to develop your career and expertise.

BH4930

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