*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.
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 RequirementsBachelor'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, including at least five (5) years in joint venture transactions.Chartered Financial Analyst (CFA), Certified Management Accountant (CMA), or Project Management Professional (PMP) certification are advantageous.Experience with IOCs/NOCs, corporates, international consulting firms, accounting firms, and investment banks.Strong joint venture development background with extensive experience in financial valuation and modeling, due diligence, commercial negotiations, and transaction structuring.Understanding of financial analysis of companies and valuation methodologies; commercial principles of a transaction; different types of transactions.Industry expertise in venturing activities such as commercialization, spin-offs, project development, financial valuations, and modeling.Key ResponsibilitiesConduct detailed due diligence on different aspects of target companies.Perform valuation of target companies and evaluate the business plan of the targets.Handle business proposals, draft the Non-Binding Offer (NBO), and develop a negotiation strategy and commercial terms for the transaction.Manage all aspects of transaction execution, including the selection and onboarding of advisors.Manage stakeholder relationships, including working with internal organizations and potential partners.Assemble initial offerings to potential investors and coordinate with internal subject matter experts.Provide administrative direction in the development and review of legal documents.Ensure compliance to process stage gates and approvals.Support law department in anti-trust clearance activities and perform other miscellaneous duties as directed.Job BenefitsMonthly 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 – year 2 to 5: 2 week's pay for each year of service.Employment Tax – potential tax benefits for employees separating from their home country.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) – coverage for educational expenses for children.Settling in Allowance – one-time payment based on family status.Stages of our Hiring Process1. Resume Evaluation: A member of our recruitment team will evaluate your resume against the job description requirements.
2. Interviews Stage: Includes preliminary phone/video interview and potential client face-to-face interview.
3. Conditional Offer: A successful interview may result in a conditional offer of employment.
4. Relocation Process: After acceptance of the offer, you will be assigned a relocation advisor.
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