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Business Development Lead
1 month ago
Important Notice: By applying through LHR Americas, you are ensuring that your CV will be manually revised by one of our recruiters. If accepted, we will submit it directly to our client’s recruitment team where your CV will be prioritized for revision. If you decide to apply directly through our client’s career site as well, LHR Americas will lose all visibility of your hiring process and will be unable to support you. Additionally, your CV will be among thousands of other applicants that have a chance of not being carefully revised by our client due to the very high interest in this position. LHR Americas has direct and weekly communication with this client and will strive to represent you in the most efficient way possible.
Who is our client and your future employer?The company where energy is opportunity
Our client occupies a unique position in the global energy industry. They are the world's largest producer of hydrocarbons (oil and gas). With significant investment in technology and infrastructure, they strive to maximize the value of the energy they produce for the world and commit to enhancing value to society.
Headquartered in the Kingdom of Saudi Arabia and with offices around the world, our client combines market discipline with a generations-spanning view of the future, born of our nine decades of experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven them to deliver significant societal and economic benefits to not just the Kingdom, but also to many communities, economies, and countries that rely on the vital and reliable energy they supply.
This company is one of the most profitable in the world and amongst the top five global companies by market capitalization.
LHR AmericasLHR Americas recruits people from around the world to work in Saudi Arabia.
Our client is seeking an experienced Business Development Leadto manage the transaction development/procurement process through to financial close for Build Own Operate Transfer (BOOT), Build Own Operate (BOO), and other relevant outsourcing models across all sectors including power, water, midstream assets, pipelines, real estate and services projects. The Specialist must demonstrate the ability to work with and lead multidisciplinary teams in complex third-party transactions as a client or bidder. The role will also include supporting other departments in pre-feasibility and feasibility studies determining the viability of future third-party projects.
Minimum Requirements- Bachelor’s Degree in Business Administration, Economics, Accounting, Engineering, or its equivalent is required. Advanced professional competence evidenced by professional licenses and other forms of continuing professional education.
- 12 years of relevant experience in business development. A foremost expert in business development will possess relevant industry expertise and will have solid experience in project development, BOOT/ PPP/DBFO projects, project finance transactions, and joint ventures.
- Proficient in oral and written English.
- Fully familiar with the PPP/BOO/BOOT concession models and the steps needed to close a project including drafting solicitation of interest, finalizing and issuing the request for proposals, conducting job explanation meetings, managing a bid process, conducting negotiation sessions with the Bidder, managing the bid review team to review the bids, bid evaluation and selection, and the financial close process.
- Fulfill role as a "Transaction Lead" with responsibility for each phase of the transaction to financial close.
- Manage transaction development/procurement process from early economics analysis through to financial close.
- Determine the scope and objectives of the transaction, offering commercialized solutions to meet thebusiness requirements.
- Coordinate internal subject matter experts’ groups (Law, Finance, and Corporate Planning/Management Services) to ensure transaction progress.
- Lead multi-workstream evaluation and review developers' submitted proposals.
- Prepare the transaction approval documents at each stage of the transaction and manage the required functional review and approvals.
- Support pre-feasibility and feasibility studies to establish technical, financial, and marketing viability of new initiatives.
- Work with internal organizations and external investors to promote new business opportunities.
- Provides administrative direction as required to the transaction teams.
- Prepare job performance appraisals, and recommend job promotions.
- Capable of analyzing companies, performing industry sector analysis, and interacting with external financial advisors, lenders, and environmental, commercial, and technical consultants.
- Understand and comply with the Company’s Third-Party Transaction guidelines.
- Formulate economic/financial models for complex business proposals.
- Lead the development of business offerings packages to potential developers.
- Lead screening of the potential developers/consortiums.
- Perform other miscellaneous duties as directed.
- Manage and mentor young professionals.
- Monthly Base Salary – aligned with company employees with similar skills
- Monthly Overbase – 25% of your monthly base salary
- Benefits Supplement – 20% of your monthly base salary, after 3 years of service, reward increases to 25% of base, after 6 years 30% of base, and after 12 years 35% of base
- Severance Package (2-year vest period) – year 2 to 5: 2 week's pay for each year of service, Year 6+: 4 week's pay for each year after
- Employment Tax – if employee chooses to separate themselves from their ‘home country’ for income tax purposes, most will not be required to pay ‘home country’ income taxes; company will not report income to the ‘home country’ governments. Please check with your tax advisor for specifics relating to you
- Employee Share Purchase Plan (ESPP) (eligible after 12 months of service) – maximum purchase equal to 10% monthly base pay with a cap, 20% share discount
- Incentive Plan – annual; based on performance, approx. 1.8x monthly base salary
- Travel Allowance – annual; approx. $8,200 per household member 11+ years old residing in Saudi Arabia and $6,000 per household member under 11 years old
- Vacation & Paid Holidays – 38 vacation days / 4 travel days / 11-13 paid holidays
- Medical/Dental Plan – complimentary in-Kingdom Johns Hopkins medical care/facilities for employee and eligible family members. In-Kingdom dental services subsidized
- Educational Assistance Plan (EAP) – Out of Kingdom Assistance: 90% of expenses with a maximum per child, lesser of 5x monthly base salary or the company max ($48.5K), plus 3 round-trip economy air travel tickets; undergraduate college-age children get 2 round-trip economy air travel tickets; In Kingdom Assistance: 2x monthly base salary or the company max ($16.3K)
- Settling in Allowance – one-time payment; Family Status - 100% of monthly base salary; Single/Bachelor Status – 60% of monthly base salary
1. Resume Evaluation:
A member of our recruitment team will evaluate that your resume matches the client's job description requirement.
Use the job description requirements to highlight your relevant experience and skills.
Be specific and describe the significance of your work, keyword alignment is important. Emphasize the impact of the work you've contributed to HR areas and tasks. Use your professional profile/resume to focus on major accomplishments and qualifications that match the job.
If your resume evaluation is suitable for this position, the recruitment team will invite you to a preliminary phone/video interview in 2-3 days.
If your resume evaluation is not suitable, you will be receiving an e-mail notification in 2-3 days.
2. Interviews Stage:
2.1 LHR Americas preliminary phone/video interview: A member of the Talent Acquisition team from LHR Americas will first schedule a call with you to discuss the details of the position, your interests, and qualifications. Furthermore, your English level will be evaluated at this stage, ONLY native or advanced speakers will approve this evaluation.
If this preliminary phone/video interview is successful, your resume will be submitted to our client.
If your preliminary phone/video interview is not successful, our Talent Acquisition consultant will inform you.
2.2 Client Face to Face interview: This interview will happen only if your resume is approved by our client, we cannot guarantee the time our client will take to approve your resume, but it should take less than a week.
If your resume is approved a member of the Talent Acquisition Team will get back to you and schedule a face-to-face meeting in a defined location. You will be told to go to the location.
The client interview contains technical questions that help assess your familiarity with problem-solving in your given field and may include a behavioral evaluation. Be prepared to explain how you approach problems and produce solutions.
If your face-to-face interview is successful, the hiring team will further evaluate your resume, decide, and then receive a conditional job offer.
If your face-to-face interview is not approved, LHR Americas will inform you.
2.3 There could be additional video interviews with hiring managers, which may also contain technical questions that help us assess your familiarity with problem-solving in your given field.
3. Conditional Offer:
A successful interview may result in a conditional offer of employment.
Conditions for employment include but are not limited to medical examinations, and permission to secure a visa to work and reside in-country.
4. Relocation Process:
After your offer is accepted and all conditions for employment are met, you will be assigned a relocation advisor from LHR Americas. This advisor will be your go-to resource for your job transition, providing valuable advice on visa logistics, notice periods, medical requirements, and more.
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