Portfolio Manager

Job description / Role

JOB PURPOSE:
Maximizes value from Upstream investment Portfolio and provides high-impact support across Upstream investment decision space, right from strategy setting to value realization to sustainable growth & ESG. Partners with group strategic investment division and other business stakeholders to analyse & integrate new opportunities into the company's business plans. Performs directorate level portfolio analysis of oil & gas concessions, Capital Projects, Mergers & Acquisitions, Farm in Farm Outs, and other corporate transactions. Manages investment prioritization as part of the short- and medium-term planning activities in the company's business plans. Prepares complex Investment proposals & economic models. Supports Investment Committee submissions for all major Upstream Business development Opportunities to ensure clear and well-informed investment recommendations. Builds strong relationship with other Directorates, Group Companies, International shareholders, and other external stakeholders.

KEY ACCOUNTABILITIES:
Job Specific Accountabilities
Investment strategy
- Develops assessment and management tools and key performance indicators that will enable portfolio ranking and facilitate high grading.
- Creation of multiple scenario and sensitivity analyses, taking into account the macroeconomic volatility, asset planning underlying conditions and other key performance drivers
- Directs and supervises the coordination with other relevant departments recommend actions and strategic directions aiming at enhancing Companies asset portfolio performance and, ultimately, value to the Shareholders
- Work closely with Development Business Unit and business organizations to assess portfolio project priorities by providing standard evaluation metrics.
- Monitoring of market intelligence reports related to Companies asset portfolio to develop strategies for maximizing value for stakeholders.
- Identify & analyse project acceleration & deferment opportunities to improve capital efficiency & prepare the long-term investment forecast of Upstream.
- Manages Upstream annual Major Projects Review Exercise regularly to enable better capital planning for the Group
- Support and assistance to other relevant departments in implementing investment, divestment or other asset portfolio optimisation action aiming at enhancing asset portfolio.
- Appraises new business development opportunities within Upstream and prepare business cases for approval to Investment Program Committee
- Assists in development and review of economic evaluation for Upstream Financial Planning & Capital planning exercise to maintain competitive positioning
- Specifies economic criteria and relevant operating parameters for development of new oil and gas projects.
- Participates in project technical reviews and reviews proposals for new or changed operating procedures to ensure efficient and economic operations.
- Leads the process of building and updating guidelines for upstream economics evaluation.
- Develop less-senior staff through designing, implementing and overseeing professional development programs.

IPC/IC Governance
- Prepare Upstream business cases for approvals from Investment Program committee, Investment committee & ELT for all capital projects & concessions.
- Advises and supports in the Investment Program Committee and the management of the Investment issues with the ISHs
- Deep Dive of Group Company investment proposals and HQ opportunities, challenging the robustness of their business cases, financial models, assumptions, etc
- Lead in 'Dry runs of IPC submissions, advise Group Companies on the investment origination steps required to successfully achieve and complete stage-gated submissions to the IPC and IC
- Implements a post-project appraisal process to ensure maximum learning for past investment activities.
- Ensures efficient interface with Upstream Functions and coordinates with other Directorates, Group Companies and Service Companies with regard to project evaluation, risk and ranking
- Custodian of the investment management financial models for the Business Line Directorate
- Provide guidance for the management of efficient investment process within Upstream HQ & Group Companies
- Participate and provide support on matters related to review and endorsement of the committees' recommendations and deliverables.

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 section 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 objectives.
- Investigate and highlight any significant variances to support effective performance and cost control.

Policies, Systems, Processes & Procedures:
- 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.

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, applicable legislation, and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.

Reports
- Provide inputs to prepare Function/Division/Department/Section MIS and progress reports for Company Management.

COMMUNICATIONS & WORKING RELATIONSHIPS:

Internal
- Daily contacts within the Functions up to Managerial level for consultations and guidance.
- Frequent contacts up to senior management level with other Functions/Divisions within UPSTREAM other ADNOC Directorates, OPCOs and independent oil companies to obtain information and to coordinate on economic studies development.

External
- Occasional contacts, International Shareholders, Department of Finance, & external agencies.

Requirements

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:

Minimum Qualification
- Bachelor's degree in economics, Accounting or Finance or related Professional qualification. Preferably with CPA, CFA, MBA (Finance) or equivalent

Minimum Experience & Knowledge & Skills
- 15 years finance & economic evaluation experience
- Good background of oil and gas industry & its challenges
- Very strong Financial Modelling skills
- Ability to work under minimal supervision
- Very good knowledge of English

About the Company

We are one of the world's leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.

We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.

Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.

Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.