*At this time, we are only receiving applications from candidates who are currently situated in the Americas. Please make sure your CV is in English only, thank you.Important Notice: By applying through LHR Americas, you are ensuring that your CV will be manually revised by one of our recruiters. If accepted, we will submit it directly to our client's recruitment team where your CV will be prioritized for revision. If you decide to apply directly through our client's career site as well, LHR Americas will lose all visibility of your hiring process and will be unable to support you. Who is our client and your future employer?The company where energy is opportunity!
Our client occupies a unique position in the global energy industry. They are the world's largest producer of hydrocarbons (oil and gas). With significant investment in technology and infrastructure, they strive to maximize the value of the energy they produce for the world and commit to enhancing value to society.
Headquartered in the Kingdom of Saudi Arabia and with offices around the world, our client combines market discipline with a generations-spanning view of the future, born of our nine decades of experience as responsible stewards of the Kingdom's vast hydrocarbon resources.
This company is one of the most profitable in the world and amongst the top five global companies by market capitalization.
LHR AmericasLHR Americas recruits people from around the world to work in Saudi Arabia.
Who are we looking for?Our client is seeking a Business Development Specialist to screen, plan, analyze, and develop a new business venture and executing mergers and acquisitions (M&A), joint ventures and divestments for the company.
The Business Development Specialist will evaluate transaction proposals and actively manage the execution of such projects, including valuation, due diligence, negotiations, and structuring of transactions leading to final deal signing and closing.
Minimum Requirements Bachelor's degree in Accounting, Economics, Business, Finance from a recognized and approved international program. An MBA and/or an equivalent qualification will be a plus, although not a requirement. At least (10-15) years of experience in business development which should include at least five (5) years of experience in joint venture transactions. Chartered Financial Analyst (CFA), Certified Management Accountant (CMA), or Project Management Professional (PMP) certification are advantageous. IOCs/NOCs, corporates Work experience. International consulting firms, accounting firms and investment banks. Strong joint venture development background, and should have demonstrated in previous roles, extensive experience in financial valuation and modeling, due diligence, commercial negotiations and transaction structuring etc. Adequate understanding of financial analysis of companies and valuation methodologies; commercial principles of a transaction; different types of transactions. Industry expertise of knowledge of specific venturing activities such as commercialization, spin-offs or joint venturing, project development, financial valuations and modeling, facilities planning, strategy development or relevant experience. Key Responsibilities Conduct detailed due diligence on different aspects of target companies. Perform valuation of target companies based on different methods and evaluate the business plan of the targets. Independently handle business proposals, draft the Non-Binding Offer (NBO), develop a negotiation strategy and commercial terms for the transaction and reflect as such in the term sheet. Manage all aspects of transaction execution including management of the overall project such as selecting, onboarding and working with advisors. Manage the overall stakeholder management including working with internal organizations, consultants and potential partner(s). Assemble initial offerings to potential investors, lead investor selection activities, and coordinate with internal subject matter experts to draft Memorandums of Understanding/Letter of Intent. Provide administrative direction in the development and review of legal documents which include head of terms, MoU, Cost sharing agreements, and shareholder agreements. Ensure compliance to process stage gates and approvals, approve contract payments and variations within limit, and provide administrative direction and personnel management to all assigned Business Development Analysts. Support law department in anti-trust clearance activities and internal proponent organizations in the post-acquisition integration activities. Job Benefits Monthly Base Salary – aligned with company employees with similar skills Monthly Overbase – 25% of your monthly base salary Benefits Supplement – 20% of your monthly base salary, increasing with years of service Severance Package (2-year vest period) – year 2 to 5: 2 week's pay for each year of service, Year 6+: 4 week's pay for each year after Employment Tax – if employee chooses to separate themselves from their 'home country' for income tax purposes Employee Share Purchase Plan (ESPP) (eligible after 12 months of service) Incentive Plan – annual; based on performance Travel Allowance – annual; approx. $8,200 per household member 11+ years old Vacation & Paid Holidays – 38 vacation days / 4 travel days / 11-13 paid holidays Medical/Dental Plan – complimentary in-Kingdom medical care for employee and eligible family members Educational Assistance Plan (EAP) – Out of Kingdom Assistance Settling in Allowance – one-time payment based on status
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