Senior Analyst Decision Support

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.