|
Job purpose
Support the management of OQ Group’s assets and joint ventures (JVs) on behalf of the shareholders within the approved governance framework. Act as the central interface between OQ Corporate, asset management, Boards, investors, and regulators by executing shareholder strategies, monitoring performance, ensuring regulatory and governance compliance, and driving initiatives that protect and enhance long‑term shareholder value.
The position will act in accordance with the OQ’s Mission, Vision, Values & Strategies, as well as, policies, guidelines, and standards, supported by an IT Technology platform, HSE standards, Omani’s government & other legal justifications, and best international practices in consonance with national objectives.
|
|
Main tasks and responsibilities
Shareholder Strategy & Portfolio Management:
- Develop, maintain, and support the execution of shareholder strategies for assets and JVs, ensuring alignment with OQ Group objectives, OIA expectations, and long‑term energy transition goals.
- Oversee the implementation of asset business plans in coordination with planning teams, management, and shareholder Board nominees.
- Cascade OQ Group strategic priorities and KPIs to assets, ensuring clarity, consistency, and delivery against targets.
- Identify and develop synergies across assets to optimize portfolio performance and value.
- Support portfolio optimization initiatives, including divestments and acquisitions, assessing strategic alignment, valuation impact, and portfolio implications.
- Assist business development initiatives for assets and JVs under management.
- Contribute to the development of portfolio management frameworks, systems, processes, and reporting standards.
Performance Management & Value Creation
- Monitor the financial and operational performance of assets against approved business plans, budgets, and KPIs.
- Identify underperformance, risks, and execution gaps, and recommend corrective actions to management and shareholder representatives.
- Support continuous improvement initiatives to enhance asset profitability, cash flow, and long‑term value.
- Prepare and review financial projections in collaboration with planning teams, assessing impacts on cash flow, profitability, and shareholder returns.
- Conduct financial analysis for annual dividend proposals, evaluating sustainability, distributable reserves, and alignment with shareholder strategy.
- Communicate asset and portfolio performance, insights, and forward-looking risks to OQ leadership.
Governance, Boards & General Assemblies
- Support the design, implementation, and monitoring of governance frameworks to safeguard shareholder value and ensure effectiveness.
- Provide analytical support and informed challenge to shareholder Board nominees on asset strategies, business plans, and major initiatives.
- Lead or support board nomination processes, succession planning, and alignment with OIA, OQ management, and regulatory requirements.
- Coordinate and support AGMs and EGMs, including resolution alignment, voting positions, and compliance with shareholder and regulatory expectations.
- Secure required internal approvals within OQ for shareholder and governance-related matters.
Regulatory Compliance & Shareholder Representation
- Ensure compliance with regulations and requirements from FSA, MCD, MSX, and other relevant authorities.
- Act as the primary conduit for engagement and negotiations with regulators on shareholder-related matters.
- Monitor portfolio-level compliance with OIA regulations, industry standards, and Omani macroeconomic and national development plans.
- Conduct shareholder-level risk assessments, covering strategic, financial, regulatory, and governance risks, and support mitigation actions.
Investor Relations & Stakeholder Management
- Drive and support investor relations activities, including engagement with minority shareholders and external stakeholders, as applicable.
- Manage the overall interface and information flow between OQ Corporate, assets, Boards, regulators, and investors.
- Serve as the single point of contact for all shareholder, governance, regulatory, and performance-related data and information requests.
- Work closely with internal stakeholders (Finance, Strategy, Legal, Risk, Planning) to ensure alignment, consistency, and effective decision-making across the portfolio.
|
- A minimum of 8-10 years of experience in the field with at least 5 years of experience in a team
leader role.
- Technical background and be able to apply this knowledge to manage the organization's assets effectively and efficiently.
- Experience in developing an in-depth understanding of the assets and the industry they operate in, as well as the shareholder strategy.
- Experience in developing and leading an effective reporting system to track the performance of the assets to ensure that they are meeting the shareholder's expectations.
|
Soft:
Behavioral: Achievement orientation, analytical thinking, conceptual thinking, relationship building, team leadership, teamwork and collaboration - Managerial: Strategic planning, project management, decision making, risk management, and solution oriented
- Personal: Communication skills, time management and multi-tasker
Technical:
- Strategic Portfolio Management
- Financial Analysis & Modeling
- Risk Management
- Investment & Market Analysis
- Capital Allocation & Budgeting
- Legal Compliance,
- Corporate Governance.
- Understanding of Oil & Gas business streams (Upstream, Downstream, Alternative Energy, Commercial, EPC Projects, and project management).
|
