Business Development Specialist - Chemical
We are seeking a Business Development Engineer who has a strong chemicals background to join Refinery to Chemicals (RTC) Division of the LTC Business & Project Development
Department to set up economics model, 3rd party Build Own Operation evaluation model, and project financing as well as interface management amongst groups with technical, execution, commercial SMEs.
The Division is primarily responsible for RTC Project Development under Companies In-Kingdom Liquids to Chemicals Program (IK LTC) and drive the development of project assessment, and the delivery of project requirements through FEL I, FEL II and FEL III
The Business Development Specialist will be part of the Project Development & Technology team reporting to the Manager and work closely with others.
Duties & Responsibilities:
• Align the details and basis/assumptions of the economics model Provide the economics parameters including the NPV and IRR
• Ensure shareholders' internal alignment with the concerned parties on economics parameters.
• Develop the economics for the Value-Add and Capital Efficiency items and provide the details needed to perform the commercial assessment.
• Provide capabilities to assess Chemical Competitiveness and provide insight on options to improve the overall economics.]
• Establish and assess various market scenarios supporting and enhancing the Project Value.
• Define & participate Case Study deliverables, key optimization initiatives needed for the overall facilities scope, cost estimates, and schedule and track the development of Gate deliverables required for Management approval and identify the items that need further support to meet the target date
• Interface and interaction between Government Engagement, GHG Abatement & Finance Readiness Workstreams and Project Development Group
• Work with Government Engagement Workstream to determine the economic impact In Kingdom on the job creation and GDP and update the figures in each phase and secure the stakeholders' alignment with the concerned parties.
Benefits
• Permanent Employment on an Indefinite Term Employment Agreement.
• Company Incentive Plan: This is a broad-based annual and performance based incentive plan based on company and individual performance, base salary, and length of service during the plan year. The objective of this plan is to drive organizational performance, as well as, recognize and reward your contributions beyond the normal annual merit increases.
• Annual repatriation travel allowance: An annual cash payment that more than covers airfare costs to your home country. You have full flexibility to use this payment in any way you choose.
• Annual vacation: You can look forward to up to 38 calendar days of paid leave each year. In addition, you'll typically be granted between 9 and 11 days of national public holidays each year.
• Severance award: In accordance with the Saudi labor law, a severance award is payable by the company to employees who leave after two years or more of satisfactory service. The severance award is based on length of continuous service and final base pay. The severance award can be a substantial benefit for longer service employees.
• Education Assistance Plan: If you are hired on family status, you may be eligible to benefit from the company's excellent education assistance plan for dependent children. This may include the option for them to attend Company's high quality private schools or to attend international schools in the local community.
• Quality housing in company communities or a rental assistance allowance: We have four communities in the Eastern Province where we provide quality accommodation in pleasant surroundings. Alternatively, employees may obtain housing in the local communities outside of the Company communities, for which we provide a rental assistance allowance.
• Free medical care: We provide medical care via our Johns Hopkins Aramco Healthcare subsidiary medical network or contracted hospitals and clinics. These facilities are among the finest in the Middle East.
• Free access to recreational facilities: You will have access to our extensive range of recreational facilities that include: private beaches, tennis courts, exercise gyms, swimming pools, golf courses, tennis and squash courts, and much more.
• Free scheduled transportation: Air-conditioned buses are provided free of charge for transportation within camp areas, to work locations, local shopping areas outside camp, the beach and our other communities.
• Voluntary Group Life and Accident Insurance: you may enroll in a voluntary program providing term life insurance and accidental death and dismemberment (AD&D) coverage equal to 12, 18, 24 or 30 times your monthly base salary. Favorable group rates keep the premium low.
• Short-term Disability: In the event you are unable to work due to illness or injury, short-term disability income benefits are provided. The benefit is 30 days full pay and 60 days at three-quarters pay, in any one year period.
• Death Benefit: Company pays an ex-gratia death benefit equal to 24 months base pay if death is from an industrial accident and 12 months base pay if death is non-industrial related.
• Career development: We recognize and value professional growth and achievement, so you'll have many opportunities to develop your career and expertise.
BH3342
Bounty Hunter World
Department to set up economics model, 3rd party Build Own Operation evaluation model, and project financing as well as interface management amongst groups with technical, execution, commercial SMEs.
The Division is primarily responsible for RTC Project Development under Companies In-Kingdom Liquids to Chemicals Program (IK LTC) and drive the development of project assessment, and the delivery of project requirements through FEL I, FEL II and FEL III
The Business Development Specialist will be part of the Project Development & Technology team reporting to the Manager and work closely with others.
Duties & Responsibilities:
• Align the details and basis/assumptions of the economics model Provide the economics parameters including the NPV and IRR
• Ensure shareholders' internal alignment with the concerned parties on economics parameters.
• Develop the economics for the Value-Add and Capital Efficiency items and provide the details needed to perform the commercial assessment.
• Provide capabilities to assess Chemical Competitiveness and provide insight on options to improve the overall economics.]
• Establish and assess various market scenarios supporting and enhancing the Project Value.
• Define & participate Case Study deliverables, key optimization initiatives needed for the overall facilities scope, cost estimates, and schedule and track the development of Gate deliverables required for Management approval and identify the items that need further support to meet the target date
• Interface and interaction between Government Engagement, GHG Abatement & Finance Readiness Workstreams and Project Development Group
• Work with Government Engagement Workstream to determine the economic impact In Kingdom on the job creation and GDP and update the figures in each phase and secure the stakeholders' alignment with the concerned parties.
Benefits
• Permanent Employment on an Indefinite Term Employment Agreement.
• Company Incentive Plan: This is a broad-based annual and performance based incentive plan based on company and individual performance, base salary, and length of service during the plan year. The objective of this plan is to drive organizational performance, as well as, recognize and reward your contributions beyond the normal annual merit increases.
• Annual repatriation travel allowance: An annual cash payment that more than covers airfare costs to your home country. You have full flexibility to use this payment in any way you choose.
• Annual vacation: You can look forward to up to 38 calendar days of paid leave each year. In addition, you'll typically be granted between 9 and 11 days of national public holidays each year.
• Severance award: In accordance with the Saudi labor law, a severance award is payable by the company to employees who leave after two years or more of satisfactory service. The severance award is based on length of continuous service and final base pay. The severance award can be a substantial benefit for longer service employees.
• Education Assistance Plan: If you are hired on family status, you may be eligible to benefit from the company's excellent education assistance plan for dependent children. This may include the option for them to attend Company's high quality private schools or to attend international schools in the local community.
• Quality housing in company communities or a rental assistance allowance: We have four communities in the Eastern Province where we provide quality accommodation in pleasant surroundings. Alternatively, employees may obtain housing in the local communities outside of the Company communities, for which we provide a rental assistance allowance.
• Free medical care: We provide medical care via our Johns Hopkins Aramco Healthcare subsidiary medical network or contracted hospitals and clinics. These facilities are among the finest in the Middle East.
• Free access to recreational facilities: You will have access to our extensive range of recreational facilities that include: private beaches, tennis courts, exercise gyms, swimming pools, golf courses, tennis and squash courts, and much more.
• Free scheduled transportation: Air-conditioned buses are provided free of charge for transportation within camp areas, to work locations, local shopping areas outside camp, the beach and our other communities.
• Voluntary Group Life and Accident Insurance: you may enroll in a voluntary program providing term life insurance and accidental death and dismemberment (AD&D) coverage equal to 12, 18, 24 or 30 times your monthly base salary. Favorable group rates keep the premium low.
• Short-term Disability: In the event you are unable to work due to illness or injury, short-term disability income benefits are provided. The benefit is 30 days full pay and 60 days at three-quarters pay, in any one year period.
• Death Benefit: Company pays an ex-gratia death benefit equal to 24 months base pay if death is from an industrial accident and 12 months base pay if death is non-industrial related.
• Career development: We recognize and value professional growth and achievement, so you'll have many opportunities to develop your career and expertise.
BH3342
Bounty Hunter World
JOB SUMMARY