Senior Specialist, Investment

Review & Prepare Economic Models, undertake economic and feasibility studies on long-term and short-term development projects in Upstream consistent with overall management guidelines. Analyses Fiscal Framework of existing & new Concessions and prepares evaluation matrices on proposed amendments for ADNOC and SCFEA. Develops Financing options for the investment proposals, Special Purpose vehicles & analyses complex financial transactions like BOOT. Develops new financial modelling tools & workflows automating Business Plan profiles to stakeholder value perspectives. Evaluates Investment / Divestment proposals on concessions & advises on optimal Fiscal frameworks. Engage with Downstream Investment Teams for any integrated economic evaluation. Review and regular update of Upstream Price Assumptions Workbook. Prepares Investment Committee presentations for all major Upstream Business Opportunities including concession transactions.

KEY ACCOUNTABILITIES :

• Conduct reviews on Business Cases and prepares economic evaluation models for UPSTREAM projects.
• Builds & maintains New System based financial modelling tools & workflows automating Business Plan Profiles data set into stakeholder economics.
• Develops & Maintains Financial Dashboards on Investment portfolio for senior management in close collaboration with Information Technology Division.
• Evaluates fiscal returns for all stakeholders across the investment portfolio at Upstream Directorate level & performs sensitivity analysis as required.
• Provide analysis, evaluation, and interpretation in support of projects, processes, and financing capital investment decisions UPSTREAM.
• Evaluates the economics of Fiscal proposals, Exploration blocks including joint venture and / or acquisitions.
• Reviews Business cases & performs stochastic evaluations & Decision Tree Analysis of investment Opportunities where needed.
• Prepares Economic Models and presentations for Investment Committee Submissions on major Upstream Investment Projects.
• Participates in Independent Project Reviews for Major projects to validate economic results.
• Present economic results in formats that are understandable to stakeholders, to other staff, and to senior decision makers.
• Support techno-economic feasibility studies of new projects to deliver growth and economic value from upstream projects.
• Participates in quantitative risk analysis & assessment workshops for major capital projects. Analyses & evaluates the financial performance of all Upstream Group Companies, ADNOC Drilling and other service companies.
• Provide training relevant to job requirements to non-economists and staff involved in operations.

IPC / IC Governance

• Provide necessary support with economic evaluation if required for Upstream Financial Planning & Capital allocation exercise.
• Prepare coordinate & report the economic evaluation of Upstream Major Projects Review Exercise regularly to enable presentation to Upstream CFO.
• Collate and evaluate information on the joint venture activities within the various operating companies and oil companies as well as ADNOC sole risk operations covering exploration, drilling, development and other related services.
• Monitor and analyse Post Investment Review Exercise to identify significant variances and deviations from approved programs and recommends remedial action as necessary.
• Study cost allocation systems to maximize ADNOC's returns from its Upstream Business Sector Operations, as use of asset charges, allocation of cost to ADNOC Sole Risk Ventures, capitalization Vs expensing of costs, etc.
• Participate in the regular project meetings, provide an overview on progress, risks, trajectory, etc. and addressing specific questions for the projects.
• Perform detailed review of Group Company investment proposals and HQ opportunities, challenging the robustness of their business cases, financial models, assumptions, etc.
• Develop & validate the investment management financial models for the BLD.
• Assist in 'dry running' IPC submissions, advise Group Companies on the investment origination steps required to successfully achieve and complete stage-gated submissions to the IPC and IC.

Generic Accountabilities

Supervision

• Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
• Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective business objectives.

Budgets

• Provide input for preparation of the Function / Division / Department / Section budgets, assist in the implementation of the approved Budget, and work plans to deliver business objectives.
• Investigate and highlight any significant variances to support effective performance and cost control.
• Implement approved Function / Division / Department / Section policies, processes, systems, standards and procedures in order to support execution of the work programs in line with Company and International standards.
• Comply with all applicable legislation and legal regulations.

Performance Management

• Contribute to the achievement of the approved Performance Objectives for the Function / Division / Department / Section in line with the Company Performance framework.

Innovation and Continuous Improvement

• Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
• Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with best industry standards in order to define intelligent solutions for issues confronting the function.

Health, Safety, Environment (HSE) and Sustainability

• Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.

Reports

• Provide inputs to prepare MIS and progress reports for Company Management.

COMMUNICATIONS & WORKING RELATIONSHIPS :

Internal

• Regular contact with the VP and other team members.
• Contacts with other functions in upstream up to SVP levels.
• Regular contacts with other directorates.

External

• Regular contacts with ADNOC and Abu Dhabi subsidiaries / ventures and partners etc. and with technical contractors, project and business consultants and outsourcing service providers.
• Regular contact with consultants / suppliers on matters related to acquisition of services.

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS :

• Bachelor's degree in economics, Finance with CPA, CFA MBA (finance) or equivalent.

Minimum Experience & Knowledge & Skills

• 10 years finance & economic evaluation experience in oil and gas industry.
• Very good knowledge of English. Arabic is advantage.
• Advanced to Expert level skills in Financial Modelling using Excel.

TECHNICAL COMPETENCIES :

• As per the approved competency dictionary.

WorK Condition :

Physical Effort: Minimal

Normally Air-conditioned Office environment, but could be exposed to prevailing weather conditions while on site visits / outside locations.