HEAD - JOINT VENTURE

The position of Head - Joint Venture reports to the Chief Financial Officer


    Role Summary

  • Responsible for overseeing the company’s joint venture partnerships.
  • Along with Senior Management and heads of functions, cultivate and maintain positive, strategic long term relationships with joint venture partners to achieve mutual benefit.
  • Representing the company’s position to the industry and interfacing with external joint venture departments or partner representatives.
  • Identifying recommending and participating in Senior Management decision making on potential joint venture opportunities.
    • In collaboration with Corporate Finance perform to commercial analysis and modelling of the potential JV’s including sensitivity analysis around the key variables such as financials, performance of the assets, contracted rates and geopolitical risks.
  • In collaboration with the respective functions, define and propose the legal, tax and financial structure of the JV by analyzing the pros and cons of proposed locations and jurisdictions which should include risk rating scores and weightages.
  • Prepare business strategy and plan for early discussion with potential JV partners.
  • Lead due diligence review on potential JV partners and feedback results and suggested way forward to key management and the Board.  This should include any necessary risk mitigation strategies
  • Creating, reviewing and negotiating joint venture contracts and agreements including any third party service agreement whilst protecting the interest of the company.
  • To coordinate the establishment of all Legal documentation supporting the JV implementation (e.g Shareholders agreement, Management fee.)
  • Facilitate and participate in detailed JV financing discussions which would include the exact contribution from each partner and the capital structuring.
  • Ensuring that joint venture facilities are being administered as per the agreed contract terms.
  • To make sure that JV follows QA/HSE BAB standards.
  • Ensuring that the operations related to joint venture activities are monitored and conducted in accordance with company policies and recommended industry practices
  • To secure recovery of all the costs incurred by BAB
  • To make sure that JV follows QA/HSE BAB standards
    Monitoring the performance of the JV agreement throughout the lifecycle and resolving any potential issues
  • Act as facilitator to resolve business and technical conflicts
  • Review financial performance reports from the joint venture and highlighting any concerns and potential resolutions
  • To make sure that BAB keeps its Control rights in the JV (Management and working levels).
  • Implement and partner review program via internal audit reviews of joint venture operations to ensure that our interests as the joint venture partner are being protected

    Principal Accountabilities

  • The Head - Joint Venture develops and negotiates the execution of formal agreement for any joint venture that the company chooses to enter into.  The job will entail the integration of the requirements of disciplines such as engineering, operations, legal, finance. risk and audit to ensure that the company’s best interest are served and the JV agreements can be executed successfully.
  • Head – Joint Venture is a Member of JV Boards or Steering committees during life of the JV (Bidding – Execution – Operations)

    Requirements

  • Malaysians Only
  • Degree holder with significant experience in the Oil and Gas industry
  • Experience in dealing with Joint venture partners in any capacity
  • Strong Legal, Regulatory and Compliance mindset
  • Ability to communicate effectively with all levels of the organization
  • Excellent organization, planning and analytical skills
  • Results-oriented with sound business judgment
  • Open, honest and consistent approach to dealing with people
 
Interested applicants, please contact us at:
 
Bumi Armada Berhad
Level 21, Menara Perak, 24 Jalan Perak, 50450 Kuala Lumpur
Email:careers.my@bumiarmada.com