Developer - Aramco

aramco; London; On-site; GBP 60,000 - 120,000

Job description

Job Description

Title: Renewables Development Specialist

Job Req ID: 15230
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

The Renewables Department is seeking a renewables development specialist to lead the planning and development of new renewables business ventures and investments. The role includes leading and supporting mergers & acquisitions, JV development and 3rd Party transactions for Renewable projects for Saudi Aramco. The candidate should be independently capable of conducting job activities with minimal direction and supervision.
The candidate will work within the Renewable Investments Division, focusing on identifying opportunities for Saudi Aramco facilities and affiliates, expansion of renewable business, achieve revenue targets as set by management, upfront business case development, high-level feasibility studies, identifies strategic alignment and coordinates with technical teams for detailed site-specific engineering analysis for residential, commercial, and industrial scales for different facilities.

Duties & Responsibilities

1. Initiate, develop & expand the Company’s renewable business
2. Achieve revenue targets set by the Management
3. Support strategy development and long-term plans to deploy renewable applications
4. Prepare periodical progress reports for management
5. Lead due diligence for M&A transactions related to renewable projects
6. Manage all aspects of transaction execution including management of the overall project such as selecting, onboarding and working with a full team of advisors.
7. Manage overall stakeholder management including working with internal organizations, consultants and potential partner(s).
8. Ensure compliance to process stage gates and approvals, approve contract payments and variations within limit, provide administrative direction and personnel management to all assigned Business Development Analysts and perform other miscellaneous duties as directed.
9. Evaluate transaction proposals and subsequently manage the execution of such projects.
10. Actively involved in the valuation, due diligence, negotiations and structuring of transactions from origination to sign and closing.
11. Conduct detailed due diligence on different aspects of target companies.
12. Identification of project risks, analysis and recommendation of mitigation measures.
13. Lead the development of Power Purchase Agreements with developers of renewable projects.
14. Support structuring of binding agreements such as Shareholders Agreement, Project Development Agreement, O&M Agreement and Equity Subscription & Retention Agreement.
15. Support structuring and negotiation of deals to achieve final deal closure.
16. Review & consult on all transaction documents.
17. Work with internal corporate stakeholders to achieve desired results of transactions.
18. Ensure knowledge transfer through mentorship of young talent.

Minimum Requirements

Bachelor's Degree in Engineering or in Business. MBA Degree or CFA is preferable.
Minimum (12) years of experience in business development and transactions.
Preference will be given to candidates with investment banking or consulting background including Big4 to supplement experience gained from an energy company.
Strong background in renewable project development, deal structuring, stakeholder management, financial modeling, bankability and valuations.
Understanding of operational and development business model for Independent power producers and developers within the renewable sector.
Excellent command of spoken and written English. Preference will be given to candidates that have a demonstrable track record of delivering board level presentations.
Project management skills.
Computer & MS Office proficient.

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.

Country/Region: SA