ASIAPOWER OFFICE TIMING: 10.00 AM TO 6.30 PM (MONDAY TO SATURDAY)
Purpose
Lead and direct the effective and efficient management of SABIC’s long-term investment project portfolio (~ $100 billion) through leadership, engagement, planning, and development; Develop SABIC 10 years investment scenarios with major business units which enables SABIC to meet commitments to 2025 Strategy, Vision 2030, and Shareek; Generate long-term forecasts on EBITDA, CAPEX, OPEX, Working Capital and Capital Requirements; and Provide in-depth analysis on SABIC’s cash affordability test, financing capabilities and future credit rating to SABIC leadership, Executives, Strategic Growth Leaders and SABIC Board for investment decision making.
Execute quality assurance on strategic fit and project economics of business cases of all investment projects, such as large capital Greenfield and Brownfield projects, M&A projects, Technology Venturing projects, and other important investments; Provide recommendation to SABIC Investment Committee, Growth Committee, CFO and project owners or sponsors for investment decision making; and Ensure high quality governance of investment feasibility study and portfolio management.
Ensure establishment of Investment Decision Evaluation and Lookback Process within SABIC; Direct Business Case Validation of executed investments for best practice in business case development; Lead development of Investment Case Study for in-depth understanding of investments throughout the investment lifecycle; and Support internal training and education of investment practice within SABIC.
Key Responsibilities
Capital Planning and Cash Flow Forecast:
-Develop strong alignment around the results of the plan and adherence to managing its implications
-Deliver monthly and quarterly periodic reports to CFO for performance monitoring and target revision
-Drive completeness of 5 years and 10 years spending plan of CAPEX, OPEX and Working Capital
-Develop strong alignment around the results of the plan and adherence to managing its implications
-Lead and develop the program guidelines, process, criteria, baseline, tools and co-ordinate validation
-Liaise with Cash Management to report cash flow forecasts & scenarios on quarterly basis
-Align timeline and deliverables with Planning and Treasury in reporting to SABIC Executives, Investor Calls, Board Meeting, etc.
-Support development of investment portfolio scenarios and cash affordability analysis
-Interact with various team to drive process standardization and improvements
Investment Portfolio Management and Strategic Contribution:
-Lead and direct the effective and efficient management of developing and updating SABIC short- and long-term investments, growth and contribution to SABIC commitment and strategies
-Drive investment planning best practices across SABIC, ensuring adherence to investment planning guidelines
-Assess cash affordability and credit rating changes and provide multiple scenarios and options
-Engage with SABIC Leaders, CFO and SABIC Executive to provide direction on investment portfolio management
-Engage with various SABIC units and functions to drive process standardization and improvements
-Support development of long-term investment portfolio dashboards and reports, and prioritization of investment opportunities based on evolving feasibilities of investment projects
Investment Business Case Assurance:
-Develop and implement governance for Investment Feasibility Studies & Investment Portfolio Management
-Execute Assurance of business cases related to all key projects including: Mega-Projects, Technology Venturing, M&A and other key projects
-Executes quality assurance on investment business cases for completeness of investment portfolio scenarios
-Deliver independent assurance report timely to CFO and Investment Committee
-Challenge strategic fit and project feasibility in relation to the market, financial, operational and project related assumptions used in business cases
-Continuously improves investment planning guideline and business case assumptions
Organization:
-Develop and refine the strategy for the section and its contribution to the overall process of management and corporate decision making to ensure EPM maximizes its short, medium and long term objectives and returns to its shareholders by providing inputs and recommends changes in the overall strategy.
-Direct the day-to-day operations of the department, providing expertise, encouraging teamwork and aligning work processes in order to achieve high performance standards, meet established targets and objectives.
-Exercise financial authority within established limits and controls departmental budget expenditure.
-Liaises and coordinates with internal and external parties at the appropriate levels to support and ensure execution and provide required support / guidance.
People Management:
-Ensures the effective achievement of functional objectives through the leadership of the section, setting departmental and individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal in order to maximize subordinate and departmental performance
-Be responsible for the department’s talent management including attraction and retention and contribute to global talent management in cooperation with Corporate Human Resources.
-Provide coaching/consulting function to various staff as needed to develop skills.
Requirements
Minimum Qualifications
-Academic degree in Business Administration or in Finance
-Preferred CMA, CIMA, or CFA
Minimum Experience
- 10 years experiences in financial modelling or valuation
-Rich experience in the Petrochemical Industry from the upstream to the downstream
-Prior experience in finance due diligence, M&A, corporate venturing or licensing
Job Specific Skill
-Interpersonal & relationship management
-Global outlook
-Change management.
-Leading the business: Business Acumen, Governance and Assurance.
-Oral & written communication skills
Competencies
-Investment Planning – financial modelling and valuation
-Due Diligence
-Critical thinking with analytical skills
-Knowledge of petrochemical industry and value chain
-SABIC product portfolio knowledge
-Experience in governance.
-Financial knowledge and business acumen
-Risk modelling with Monte Carlo simulation