Capital Program and Budgets Lead Engineer

Our Client operates in the Oil and Energy industry, with its headquarters rooted strongly in Saudi Arabia. It has its branches spread to more than 50 countries, providing employment to more than 68,500 people all over the world. They fall under the Fortune 500 Companies. They are one of the world’s largest oil producers. They are constantly growing by creating new technologies through its Research and Development efforts and branch into new business lines through Investments and Acquisitions.

Responsibilities: 

• Act as an SME in the development of the Capital Program and Budgets.
• review of the merits and validity of project business case submittals that will include an assessment of economic robustness and compliance against internal corporate guidelines.
• will be expected to make recommendations where necessary and work across Business Lines to achieve alignment of project business case reviews.
• Coordinate review of annual project submittals to ensure business cases are coherent and of high quality prior to management review.
• Lead the review of Capital Program and ER planning briefs against compliance to internal departmental standards prior to endorsement and approval of management.
• Participate in a lead role in the development of presentations for senior management and executive level management.
• A comprehensive understanding of the interdependency between Capital Program and ER planning cycles, and approval authorities will be expected.
• Communication of monthly status reports on ER funding and Capital Program variances and reporting of key performance indicators on capital planning and expenditure requests, interpreting the results and making recommendations where necessary.
• Periodic review of internal company standards and their application to capital planning and expenditure request processes is expected, making recommendations for enhancements where necessary.
• The role will be expected to build strong working relationships internally within the department and across Business Lines and to provide mentorship and training to graduate level talent in support of clients objectives.

Requirements: 

• Bachelor’s degree in Engineering or Business discipline from a recognized and approved program. An advanced degree in Science, Technology, Engineering or Business is preferred.
• From seven to ten ( 7 - 10 ) years experience in a planning function related to capital project development and expenditure request funding, including at least three to five years’ in an engineering or project management role.
• You will have knowledge in project economic evaluation and risk assessment
• You will be expected to participate in management reviews in a lead role, make recommendations and coordinate implementation of changes and follow up actions
• You will have extensive knowledge of capital planning processes and project funding requirements
• You will be able to demonstrate competence in application of capital investment portfolio and optimization techniques
• You will have knowledge project economics probabilistic modelling
• You will have knowledge on cost estimate development, WBS breakdown and reconciliation
• You will be able to demonstrate good working knowledge of Microsoft suite of applications
• You will have proficient working knowledge and of SAP PRC module and Oracle, but is not essential.
• You will bring best practice to the capital planning and expenditure request functions to enhance efficiency of current work processes