Job Description
We are Looking for a
Business Development Specialist for one of our
O&G clients based in the
Kingdom of Saudi Arabia.
Title: Business Development Specialist
Location: Dhahran, KSA
Experience: A minimum of 10-years relevant experience with exposure to multiple industries. If an MBA or a professional certification is not available, 15-years relevant experience is required
Job Summary: The will focus on numerous things ranging from initial idea generation, concept development, leading and conducting commercial feasibility studies culminating in the development of an initial business case. Upon receipt of management's buy-in and endorsement you will engage with the identified partners to conduct detailed assessment and develop a robust business plan and the required diligence. The project will then seek management's approval for authority to negotiate with selected partner and the developed opportunity will then be transferred to a Transaction Group for execution.
Responsibilities
- Generate new business ideas and assess their feasibility.
- Articulate rational for pursuing the identified opportunities incorporating factors such as alignment with business strategy, market trends, business & commercial impact and mitigation of risk.
- Engage with internal and external entities to be knowledgeable of current or emerging business trends.
- Lead and conduct desktop market research.
- Develop business plans & financial models and review financial models prepared by others.
- Produce thought leadership reports describing the strategies, financial and operating performance of companies, industries, and sectors.
- Manage cross-functional teams to develop business plans for new business opportunities.
- Continuously review and enhance business origination process with best practices.
- Mentor and coach junior staff members regarding skill development and the business origination process.
Education, Experience & Skills
Education: A BS degree in Engineering, Business Administration, Finance, Economics, Accounting, Banking or its equivalent with an MBA or its equivalent; and with a professional certification, such as Chartered Financial Analyst (CFA), Certified Management Accountant (CMA), or Project Management Professional (PMP) certification.
Experience: minimum of 10-years relevant experience with exposure to multiple industries. If an MBA or a professional certification is not available, 15-years relevant experience is required.
Skills
- Broad industry experience including but not limited to oil and gas and the broader energy industry, technology, professional services, real estate and infrastructure.
- Industry expertise or knowledge of conducting commercial & economic feasibility studies
- Knowledge of venturing activities like commercialization, spin-offs or joint venturing, project development
- Strong finance background including experience of financial valuations and modeling.
- Background in strategy development or relevant experience.
- Experience with developing deal strategy and market positioning
- A strong analytical ability to synthesize data obtained from various sources into meaningful insight.
- Experience market intelligence platforms, analytics and reports.
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