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Joint Venture Asset Manager

Saudi Aramco

Posted on March 31, 2020

10 - 11 years Al Madina Al Munawarah - Saudi Arabia

Bachelor of Technology/Engineering. Any Nationality

Opening 01

Job Description

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Req Number: 16542BR
Position Description:
We are seeking a Joint Venture Asset Manager to join the Domestic Joint Venture Management Department (DJVMD).
The primary role is to lead day-to-day interface with the Joint Venture, managing a team that is collectively responsible for governance and oversight of the assigned joint venture(s) (JV) in order to protect company interests in the JV, while optimizing value creation, and minimizing risk.
Minimum Requirements:
As the successful candidate you will have:
A bachelor degree in an engineering discipline, from a recognized and approved program. An advanced degree is desirable.
At least ten years relevant experience in the oil & gas industry.
Cross-functional experience, including prior working experience related to JVs.
Excellent command of English (written and spoken).
Skilled in effectively communicating and presenting (both orally and in writing) issues, strategies and recommendations.
Broad understanding of technical and operational issues in refining and/or petrochemical facilities.
Broad understanding of production and business planning, budgeting, financial controls, and performance management processes.
Experience applying financial methodologies and principles, standards, and practices, including for investment decisions, NPV calculation, and business case development.
Strong planning, management, and coordination skills.
Strong interpersonal and relationship-building skills.
Strong negotiations skills developed through leading material and commercial negotiations.
Duties & Responsibilities:
You will be required to perform the following:
Work with Board Members to develop and drive internal alignment on asset-level strategy and set annual objectives for the joint venture.
Review in detail and recommend changes to, or approvals of, the JV s management proposed annual operating and capital plans, schedules, targets, and budgets, soliciting and integrating cross-functional feedback where appropriate.
Prepare materials for, and analyses periodic and annual performance and strategic reviews of the JV, and implement actions arising from such reviews.
Work with the Board Members to develop and drive internal alignment on key decisions and proposals requiring JV Board approval.
Actively monitor JV financial, operational, and risk performance to proactively identify gaps, and raise potential improvement opportunities to key stakeholders.
Support the development and refresh of broader opportunity analyses related to the asset, including the identification of potential cross-asset synergies between the JV and other assets.
Monitor and work with the Board Members to encourage JV management s compliance with its own policies and processes, adoption of policies and processes that are consistent with company standards and principles, and compliance with all relevant laws and regulations.
Work with the Board Members to ensure the JV management team acts in compliance with all relevant operating agreements.
Coordinate and participate in an annual independent risk assessment of the JV and development of relevant controls and mitigations plans for material risks.
Coordinate with JV partners on the shareholder audit plan for the JV, and participate in or oversee / coordinate audits as appropriate.
Understand company rights and obligations under the joint venture agreement, as well as other contracts between the company and the JV / partner(s), and ensure applicable company functions are aware of relevant details.
Ensure the JV management team is providing monthly, quarterly, and annual performance data in a format needed to enable internal and external reporting and monitoring.
Serve as the primary interface point between company and the JV s management, effectively representing company positions in all dialogue, and maintain awareness of all other engagement and communications between functions and the JV.
Along with the Board Members, facilitate and maintain robust individual relationships between key stakeholders and key stakeholder in the partner(s).
Prepare Board Members for Board and Committee meetings, discussions with JV Management and the partner(s), and key decision points.
Work with the Board Members to develop annual Influencing plan for the JV (including key focus areas for the year, and the targets, tactics, work plan, and communication strategy against key focus areas), drive internal alignment on the plan, oversee its implementation, and ensure functional efforts organized around the agreed plan.
Monitor, manage, and coordinate information requests (formal and ad-hoc), site visits, and other cross-functional interactions.
Work with internal stakeholders and subject-matter-experts (SME) to identify, evaluate and implement business performance improvements within the JV.
Prepare, negotiate (or assist in negotiating), and finalize commercial agreements with the JV and partner(s).
In coordination with the Board Members, resolve commercially-significant disputes, litigation, and mediation with the JV and partner(s).
Proactively identify opportunities to support the JV (e.g., by delivering distinctive capabilities or services), and coordinate functional mobilization of resources to provide such support upon agreement with JV management and partner(s).
Oversee the execution of service, supply, offtake, and other agreements with the JV, and intervene as needed to resolve issues and ensure quality of support.

Oil & Gas / Petroleum

Finance / Treasury


Joint Venture Asset Manager


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Saudi Aramco

Saudi Aramco is a national petroleum and natural gas company based in Dhahran. It has the world's largest proven crude oil reserves and has the largest oil production. It manages proven conventional crude oil and condensates reserves of nearly 261.1 billion barrels. Saudi Aramco has offices in various locations, including London (UK), New Delhi (India), The Hague (Netherlands), Milan (Italy), Houston and Washington (USA), Beijing, Xiamen and Shanghai (China), New York (USA), Tokyo (Japan), and Seoul (Republic of Korea). The company’s oil and gas production infrastructure leads the industry in terms of technical advances, production scale, and operational reliability.

Recognized as the global leader in hydrocarbons exploration, distribution, marketing, refining and production, the company’s subsidiaries and affiliates are located across the globe. It employs over 65,000 employees worldwide and continues to create more career opportunities for individuals who can recognize the company’s values along with their own achievements. Delivering on its core mission of emerging as the world’s top integrated energy and chemical enterprise, the company invests heavily in pioneering new technologies and developing the expertise of its people. Saudi Aramco is one of the best employers that offer a learning environment and a growing work culture.

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