Business Development Specialist

Saudi Aramco (ASC)

We are seeking a Business Development Specialist who has a background in Transaction Execution to join the Divestment Department.

The Divestment department is responsible for optimizing the corporate portfolio through the strategic divestment of assets and securing specialized partners to manage the assets in the future. Operating under the corporate development mandate, this function is responsible to lead the end-to-end execution of complex divestment transactions, from identifying optimization opportunities to sourcing world-class partners and negotiation high-value exists.

Your primary role is to lead complex transactions, often valued at $500MM or larger.

Key Responsibilities

• Implement the company's portfolio optimization strategy by identifying, screening, and evaluating assets for potential divestment.
• Leads the development of the Investment Memorandum and overall transaction strategy for each divestment, including: valuation, structuring, and defining key value levers.
• Leads the entire divestment process, ensuring robust analysis and adherence to the corporate stage-gate process to secure internal approvals.
• Support the negotiation of key commercial terms and definitive agreements.
• Development of negotiation strategies, aiming to optimize commercial terms and mitigate risk.
• Scrutinize and contribute to the drafting and analysis of all commercial and legal documentation, including: Sale and Purchase Agreements (SPAs), Transition Services Agreements (TSAs), Head of Terms, and Memorandums of Understanding ( MoUs).
• Drives consensus and coordinates with senior internal stakeholders (e.g., Law, Finance, Strategy, HR) to ensure seamless deal alignment and progression.
• Prepares and delivers high-impact briefings, analyses, and recommendations to corporate committees and executive management to secure mandate and transaction approvals.
• Acts as the central liaison for all transaction-related activities, ensuring clear communication and efficient resolution of complex issues.
• Provides administrative direction to Business Development staff including job performance appraisals, job promotion recommendations, and relevant human resources development roles.
• Represents Saudi Aramco, its affiliates, and/or the Kingdom in professional societies, committees and conferences.
• Actively guide and develop junior team members, providing hands-on technical coaching, constructive performance feedback, and mentoring.
• Support and foster a high-performing team by sharing expert knowledge and best practices learned from live transactions and prior experience.