Job Req ID: 15735
Description:
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 Joint ventures (JV) Management Professional to join our International Retail Department.
The International Retail Department (IRD) is the custodian of Aramco’s retail business outside Kingdom of Saudi Arabia and is responsible for strategy formulation, business development, M&A and management of retail fuel subsidiaries and Joint ventures (JV’s). Downstream growth and financial resilience is a key focus area for Aramco and IRD is contributing to this initiative by integrating demand centers with refineries and securing marketing margins by developing retail businesses in high-value regional and global markets.
Your primary role is to be responsible for integrating the newly acquired entity within Aramco system, establish board and governance processes and work with management team of the new entity to ensure delivery of strategic objectives through effective operational and financial performance of the company.
Key Responsibilities
As a successful candidate, you will be required to:
- Support the Board of Directors of the JVs to oversee and guide the subsidiaries towards the defined strategic objectives.
- Assist in reviewing and preparing board material, conducting pre-board engagements, facilitating board meetings, monitoring board decisions and ensuring alignment with Aramco’s strategic goals
- Establish an investment review process and implement a regular performance analysis for new investments to verify the achievements against the original business plan parameters. Provide recommendations on investment planning and definition of assumptions
- Provide support and guidance in all fields of business operations of Aramco International Retail subsidiaries and establishing strategic and operational plans
- Direct the planning and financial performance process and its link to the Aramco corporate relevant stakeholders.
- Act as a liaison between central corporate functions at Aramco’s HQ in Dhahran and the subsidiaries.
- Drive the accomplishment of strategic objectives of refined product placement and brand deployment in JV’s.
- Oversee the development of the retail operating models, the merchandising strategy, supply chain and partnerships for the c-store operations.
- Oversee the introduction of specialty products and coordinate pricing strategies across markets and affiliates. Ensure the transfer of best practices in retail operations across the markets and affiliates.
- Deliver clear and effective presentations to Senior Management related to ongoing projects and initiatives, anticipating possible questions and objections. Demonstrate the ability to adapt presentation style to the time, and reactions of senior management.
Minimum Requirements
- As a successful candidate, you will hold a Bachelor’s degree in Business administration, Marketing, Economics or Engineering discipline from a recognized and approved program. An advanced degree like MBA would be an advantage.
- You will have at least 15 years of experience in fuel retail or related businesses gained at different organizational levels within major international oil companies.
- You must have exposure to corporate international oversight roles and business P&L accountability
- Additionally, you should have knowledge of board governance matters and a good understanding of key governance principles.
- Experience in managing board-level relationships and driving alignment between the board and the executive team will be highly advantageous.
- You must be highly articulate with excellent written and verbal English communication skills. You must have highly commercial mindset with ability to understand P&L, Balance sheets and key drivers for value generation.
- Ability to work independently, maturity to deal with Senior stakeholders, excellent communication skills and flexibility to work on diverse subjects are key skills to be successful in this role.