Business Development Specialist - Transaction Execution - Relocate to Saudi Arabia, Permanent E[...]

We are seeking a Business Development Specialist who has a background in Transaction Execution to join the Divestment Department. The Divestment department is responsible for optimizing the corporate portfolio through the strategic divestment of assets and securing specialized partners to manage the assets in the future. Operating under the corporate development mandate, this function is responsible to lead the end-to-end execution of complex divestment transactions, from identifying optimization opportunities to sourcing world-class partners and negotiating high-value exits. Your primary role is to lead complex transactions, often valued at $500MM or larger.

Key Responsibilities

• Implement the company's portfolio optimization strategy by identifying, screening, and evaluating assets for potential divestment.
• Lead the development of the Investment Memorandum and overall transaction strategy for each divestment, including: valuation, structuring, and defining key value levers.
• Lead the entire divestment process, ensuring robust analysis and adherence to the corporate stage-gate process to secure internal approvals.
• Support the negotiation of key commercial terms and definitive agreements.
• Develop negotiation strategies, aiming to optimize commercial terms and mitigate risk.
• Scrutinise and contribute to the drafting and analysis of all commercial and legal documentation, including: Sale and Purchase Agreements (SPAs), Transition Services Agreements (TSAs), Head of Terms, and Memorandums of Understanding (MoUs).
• Drive consensus and coordinate with senior internal stakeholders (e.g., Law, Finance, Strategy, HR) to ensure seamless deal alignment and progression.
• Prepare and deliver high-impact briefings, analyses, and recommendations to corporate committees and executive management to secure mandate and transaction approvals.
• Act as the central liaison for all transaction-related activities, ensuring clear communication and efficient resolution of complex issues.
• Provide administrative direction to Business Development staff including job performance appraisals, job promotion recommendations, and relevant human resources development roles.
• Represent Saudi Aramco, its affiliates and/or the Kingdom in professional societies, committees and conferences.
• Actively guide and develop junior team members, providing hands-on technical coaching, constructive performance feedback and mentoring.
• Support and foster a high-performing team by sharing expert knowledge and best practices learned from live transactions and prior experience.

Qualifications

• Bachelor degree in Engineering, Business and Management or related discipline from an accredited university. Advanced degree is a plus.
• Minimum of 12 years of experience in corporate development: transaction end to end deal management, portfolio strategy and optimization, commercial structuring, negotiation, carve-out planning, corporate finance and valuation.
• Professional certifications such as: Chartered Financial Analyst (CFA), Certified Management Accountant (CMA), or Project Management Professional (PMP) certification is a plus.
• Industry expertise and knowledge of specific business transaction and venturing activities, such as: operational or financial carve out, commercialization, joint venture development and management, project development and execution, valuation and economic/financial modeling, business operations and maintenance and strategy development and execution.
• Expertise in financial analysis or companies and transaction valuation.
• Focused knowledge and experience in one or more of the following; carve-out divestment, financial restructuring or initial public offering (IPO).
• Experience in dealing with local or industry specific best practices as well as regulatory and governmental mandates.

Working Environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly. At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development. We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.

Seniority Level: Mid-Senior level

Employment Type: Full-time

Job Function: Business Development

Industries: Oil and Gas