Title: Downstream Assets Manager
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Overview
We are seeking a Downstream Assets Manager to join Fuels Affiliates Affairs Department (FAAD).
FAAD is the designated shareholder representative of Saudi Aramco’s equity interest in domestic and international affiliates. FAAD manages Saudi Aramco 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 Saudi Aramco 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 Saudi Aramco and JV, oversee financial performance of the JV and issue periodic reports to management and monitor corporate governance.
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 Saudi Aramco 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.
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.
Working environment
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.