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  • Job reference: RMS0162365

Investment Specialist - Refinign & Chemicals

  • Sector: Oil & Gas
  • Location: Saudi Arabia
  • Job type: Permanent
  • Date posted: 27/02/2016
  • Time left:
    d h m s
    (19/03/16)
This vacancy has now expired.
The Company:
The Saudi Arabian Oil Company is the state-owned oil company of the Kingdom of Saudi Arabia and is ranked first among oil companies worldwide in terms of crude oil production and exports. People are central to what they do. Saudi Aramcos employees are recognised across the industry for excelling in their specialist fields. This recognition is built on an investment in their employees, giving them opportunities to gain valuable experiences and qualifications that allow them to become the ben

The Role:
• Provides advanced analysis and advice on contract risks and negotiations to the Procurement team and business unit's management and executives.
• Acts as a liaison between Procurement team and the Law Department, particularly complex contracts that may possess greater risk and legal support.
• Provides negotiating techniques for complex indirect spend products and services and investments
• Acts as a contract law advisor in the area of indirect procurement contracts.
• Provides advanced legal guidance to the Procurement team and business unit's management and executives in drafting contract language to mitigate business and legal risks.
• Provides guidance on compliance, ethics and company governance issues.
• Consults with management, commercial advisors, outside experts, Legal and Accounting.
• Provides supervised legal services requested by various departments.
• Keeps informed on regulations important to the company and ensures appropriate risk management strategies are identified.
• Participates in the drafting, communication and interpretation of organization and departmental policies.
• Prepares financial studies that establish technical, financial and/or procedural/administrative feasibilities for contract services and evaluation of alternatives.
• Develops in conjunction with Contracting professional analyses and technical qualification of bidders.
• Develops the scope of work for various contract services.
• Develops professional presentations for Executive Management.
• Participates as the contract proponent representative on the Bid Review Team charged with development of a realistic Company position on contract terms and the negotiation of these terms.
• Prepares or provides technical guidance for a professional analysis or development of bid responses, negotiation offers and counter offers.
• Prepares Company Estimates or works with the Company estimating functions in the preparation of Estimates.
• Prepares verifications of contractor cost and preparation of escalation or de-escalation amendments.
• Negotiates with contractors as part of a negotiating team comprised of Contracting and contract proponent representatives. Prepares responses and helps to represent the proponent on Claim Review Panels.
• Provides or assists in the provision of proponent representation in the administration of contracts and participates in the development of financial and technical advice on intent of wording, scopes of service, or other clauses that may impact cost and cost/benefit relationships.
• Provides justification and recommendations for changes in contracting procedure or contract format for management approval.
• Performs periodic examination of contract administration in the field in order to locate shortcomings or potential problems in the administrative procedures or contract terms and conditions.
• Performs miscellaneous related duties as requested.

Essential Skills / Qualifications:
• Experience in analyzing and resolving complex issues and problems in a sound and timely fashion.
• Able to avoid win/loss situations and ensure productive resolutions of conflict.
• Effectively identify areas of risk/concern in area of responsibility.
• Ability to assimilate research data from a variety of sources, analyze, and recommend appropriate courses of action to take.
• Able to constructively work under stress and pressure when faced with high workloads and deadlines.
• Able to create and conduct formal presentations.
• Able to display assertiveness and a high level of self-confidence, and build solid, effective working relationships with others.
• Able to interact effectively with all levels of management, and express ideas clearly and convey necessary information.
• Able to serve as a resource to others in the resolution of complex problems and issues.

Desirable Skills / Qualifications:
• Bachelor's Degree in a Business or Engineering discipline. MBA desirable.
• 7 years' experience in the petroleum or related industries with progressive work and supervisory responsibility.
• Must be fluent in written and oral English.
• Thorough knowledge of auditing, accounting and contracting techniques and procedures.
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