Job Purpose
To enable the implementation of a capital allocation governance structure for all capital investments undertaken by ENOC Group to ensure financial and strategic alignment with the Group's corporate strategy.
Accountabilities
Principal Accountabilities
- Corporate Portfolio Management
- Assist in developing portfolio management frameworks to be established within ENOC
- Support the periodic review of ENOC's portfolio of businesses and conduct research to provide advisory for potential restructuring, portfolio rebalancing
- Prepare periodic reports to update the management with the status of the projects pipeline, which includes projects under planning and under execution
- Screen projects where applicable based on the Project Prioritization Framework
- Review historical project portfolio and help define CAPEX categories across ENOC
- Build financial models for cashflow analysis, balance sheet simulation and impact analysis on the portfolio including all investment and divestment opportunities
- Assist in updating cost of equity for ENOC and its individual lines of businesses
Investment Governance
- Assist in developing key project assurance and governance processes for all Capital Projects across ENOC Group
- Audit project assurance and governance processes being followed by Capital Projects where PM&DS is not the gatekeeper
- Conduct gatekeeper activities (for necessary projects) including preparation of gate review report and validate business case assumptions
- Assess and rank growth projects as per the Project Prioritization Framework
- Support in conducting periodic analysis on the established stage gate process to identify gaps and recommend corrective measures
Business Analysis & Decision Support
- Develop a project monitoring and reporting system to regularly present analysis to executive leadership
- Monitor macro-economic and geo-political developments that may impact competitiveness of ENOC's business interests
- Assist in providing independent analysis, opinion and decision support to GCEO for all capital investment decisions requiring his endorsement or approval
- Critically analyse and evaluate projects under planning in terms of their capital requirement, economic attractiveness and strategic fit
- Assist in developing business cases for growth opportunities as required
- Conduct post investment reviews for projects mandated by the Project Planning and Portfolio Management
- Provide ad hoc reports and information to management, other sections within department and external agencies
- Conduct various special assignments and/or development/update of various communication materials
- Assist in developing a monitoring system for projects undertaken for compliance, reliability and risk mitigation objectives
Process Development and Improvements
- Review periodically the efficacy of project planning and portfolio management framework in the ERP system
- Enable review of project role authorizations and role definitions given across ENOC
- Conduct necessary training (including preparation of relevant training materials) to all users of the Project module across ENOC
- Promote the adoption of various modelling tools related to financial analysis across ENOC. This would include preparation of necessary templates for easy adoption
External consultants and Reports
- As required, coordinate with external consultants to ensure scope requirement of business segments are met, timely delivery, and conducting price negotiations
- Develop a regular publication on key market developments in the Oil and Gas Industry
- Assist in the development of a monitoring system that tracks and reports on key performance indicators
People Development
- Manage effectiveness of subordinates by mentoring and providing leadership to enable the building of an effective team
- Identify skill gaps and design training assignments to upskill team members
Experience
- Bachelor's degree in Finance, Business Administration, Economics.
- Master's degree in related subject is strongly preferred
- 8-10 years experience in the field of Finance, Strategy, Planning, Investment appraisal
- 5+ years in Oil & Gas industry, Upstream, Mid-stream or Downstream, experience in similar functions preferred
- Ability to blend technical and financial attributes of projects and business opportunities
- Ability to build financial models using a bottom-up and valuation multiples approach
- Computer literacy with a strong knowledge of MS Office suite is essential
- Experience in portfolio management and/or project management would be an advantage
- Strong analytical skills, numerical aptitude, excellent communication, and report writing as well as presentation skills are essential
- Very good knowledge of spoken and written English, Arabic would be an advantage but not essential.
