Strategic Business Initiatives manager

Note: This role required the candidate to permanently relocate to Saudi Arabia.

Position Description

The primary function of this role is to direct activities related to sourcing, screening, analyzing, planning, and developing a business venture or portfolio of ventures, including initiation, closing, and transition. The Director provides high-level professional expertise in the development and management of new business ventures, with a scope including handling proposals valued up to $500MM or larger. They work under self-direction and lead a staff of 3 to 12 professionals towards predetermined long-term objectives.

Duties And Responsibilities

• Managing the business development process through deal closure, including validation against proposal progress through stage gates, prioritizing business proposals against investment criteria, pre-determined scope and objectives of deals, and offering commercial and technical solutions to enhance the company's business offering.
• Collaborating with investors to establish high-level strategic, financial, and operational goals and milestones for a new venture.
• Reviewing investor proposals, approving contract payments, and handling variations within authority limits. Acting as the primary contact for contractors, consultants, and vendors.
• Coordinating with internal stakeholders and subject matter experts (e.g., Law, Finance, Strategy, Planning) to ensure deal alignment and progression. Coordinating with internal and external entities, and advisors/consultants to promote business opportunities.
  
  

Minimum Requirements

• Educational Level: Bachelor of Arts (Business and Management), Bachelor of Science (Engineering), or equivalent.
• License/Certificates: CFA (Chartered Financial Analyst), CMA (Certified Management Accountant), PMP (Project Management Professional), or similar.
  
  

Other Skills/Experience

• Industry expertise and knowledge of specific business transactions 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.