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Welcome to APICORP
The Arab Petroleum Investments Corporation (APICORP) is a multilateral development financial institution established in 1975 by an international treaty between the ten Arab oil exporting countries. It aims to support and foster the development of the Arab world’s energy sector and petroleum industries. APICORP makes equity investments and provides project finance, trade finance, advisory and research. APICORP is rated ‘Aa2’ with stable outlook by Moody’s and ‘AA’ with a stable outlook by Fitch. APICORP’s headquarters is in Dammam, Kingdom of Saudi Arabia.
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Available Jobs
VP Investments & Money Market
Riyadh
JOB PURPOSE The VP Investment & Money Market is responsible for managing large, fixed income portfolios, leveraging banking experience and analytical skills to identify investment opportunities, and building strategic relationships with banks. This role involves developing investment strategies, managing risk, and providing expert advisory services, while leading a team to achieve optimal investment outcomes. Manage risk associated with investments to optimize returns. DUTIES & RESPONSIBILITIES Managing a large, fixed income portfolio for the bank or clients as an asset manager (no wealth management). Having banking experience and close relations with banks in the region. Strong analytical skills & credit skills to assess investment opportunities in the fixed income space. Experience as a money market trader will be an added advantage, but core skills should be on the fixed income side.
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08-Oct-2024
Financial Controller
Riyadh
Full time
JOB PURPOSE 1. Ensure the soundness and integrity of TAEF's financial statements by formulating and implementing effective accounting and auditing policies and procedures in line with the various international accounting standards and regulatory requirements. 2. Oversee the preparation of the financial statements and periodic reports are accurate and of high quality. 3. Provide value-added information that supports decision making by the Executive Management and the Board of Directors. DUTIES & RESPONSIBILITIES 1. Operational & Strategic Planning 1.1. Contribute to the development and implementation of actionable objectives, planning processes, budgets and operational KPIs for the sub-unit. 1.2. Oversee the sub-unit’s on-going transactions and quality of its output and services, identify and initiate proposals/actions for further improvements and innovations. 1.3. Oversee the Information Technology (e.g., T24 and Oracle) enhancements as they relate to accounting and reporting and technically lead the integration of the sub-units policies, procedures and work flow into the applicable systems. 1.4. Ensure that the services of the accounting and reporting sub-unit meet the expectations of internal and external stakeholders. 1.5. Contribute to innovation and the institutionalization of new initiatives in the Department. 2. Account Management 1. 2. 2.1. Oversee implementation of operational procedures to meet accounting, reporting and disclosure requirements of international accounting standards. 2.2. Maintain complete and accurate accounts for TAEF, including assets, liabilities, revenues and expenditures, and review all financial transactions. 2.3. Manage the Chart of Accounts of TAEF. 2.4. Review income accruals of investments, corporate finance and treasury assets as well as funding liabilities. 2.5. Facilitate periodic internal audits. 2.6. Manage monthly/quarterly and yearly closing of books of accounts and prepare financial statements. 2.7. Participate in analyzing and formulating measures to mitigate effects of abnormal shocks and market conditions. 3. Financial Statements and Analysis 1. 2. 3. 3.1. Prepare and review the financial statements for TAEF and calculate key financial ratios. 3.2. Analyze in detail the sources of revenues, cost allocations, financial ratios, competitive trends relating to TAEF's financial position and offering recommendations that increase the preservation and enhancement of the financial strength of the Corporation. 3.3. Assess the drivers of growth in the future and calculate the growth factor for different line items in the financial statements. 3.4. Lead technical research and analysis on relevant areas such as the impact of IFRS changes. 3.5. Lead the provisioning and impairment calculations, in coordination with the concerned business unit, in accordance with the related accounting policy. 3.6. Manage interactions with external auditors and other parties relating to the financial statements. 4. Policies and Procedures 1. 2. 3. 4. 4.1. Review existing policies and procedures and recommend changes to benchmark them with international practices and standards. 4.2. Lead the formulation/update of the Accounting Manual and related policies, guidelines and procedures for TAEF on accounting and reporting. 4.3. Provide technical guidance on the interpretation of policies and procedures, relevant IFRS pronouncements and prudential/legislative regulations. 4.4. Interpret complex disclosure requirements as per the latest standards to ensure conformance with the necessary audit requirements while preparing the financial statements. 4.5. Ensure strict compliance of policies and procedures with regards to accounting and reporting. 4.6. Periodically review the internal control mechanisms and corporate governance guidelines and recommend improvements in order to properly safeguard the assets and manage the liabilities. 5. Reporting and Communications 1. 2. 3. <span style="font-size: 12
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22-May-2024
Director - Investment Dep
Riyadh
Key responsibilities: Strategic Investment Planning: Support in the development and implementation of strategies for investing the fund's capital in profitable and sustainable energy projects. This includes identifying strategic investment opportunities, setting short and long-term investment goals, and aligning them with the overall objectives of the fund. Deal Sourcing and Evaluation: Proactively identify, screen, and evaluate potential investment opportunities in the energy sector. This involves analyzing market trends, potential returns, and risks associated with each investment. Due Diligence Process: Lead the due diligence process for potential investments to assess their viability and alignment with the fund’s strategy. This includes financial, legal, and operational due diligence. Financial Modeling and Analysis: Oversee the creation of financial models to forecast investment outcomes and assess financial performance. Analyze cash flows, profitability, risk, and return on investment to inform decision-making. Negotiation and Deal Closure: Lead negotiations on investment terms and conditions with potential investees, partners, and other stakeholders. Ensure that terms are favorable and that deals are structured to protect the fund’s interests. Portfolio Management: Manage and monitor the performance of the investment portfolio to ensure it is meeting its targets. Adjust strategies as necessary based on performance data and changing market conditions. Stakeholder Engagement: Build and maintain relationships with key stakeholders, including investors, industry experts, regulatory bodies, and partners. Communicate investment strategies and performance effectively to ensure transparency and maintain trust. Regulatory Compliance and Risk Management: Ensure all investment activities comply with relevant regulations and ethical standards. Implement risk management strategies to minimize financial exposure and liability. Team Leadership and Development: Lead, mentor, and develop team members within the investment team to build a cohesive and high-performing unit. Foster a culture of excellence, ethical conduct, and continuous improvement. Reporting and Communication: Regularly report to senior management and the board of directors on investment activity, portfolio performance, market conditions, and strategic adjustments. Ensure that all reporting is accurate, timely, and compliant with industry standards.
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08-May-2024
Manager - Credit Risk
Riyadh
JOB PURPOSE Assist the Head of Credit Risk in managing the Credit and Investment risk desk at APICORP by identifying, analyzing, measuring & reporting based on approved policies & procedures. Analyzing the proposed both Corporate Banking and Investments proposals, tracking credit risk limits and key risk indicators and managing analytical models & tools associated with credit risk. Perform middle office controls for the Treasury business portfolio. DUTIES & RESPONSIBILITIES § Carrying out a detailed credit analysis of the Credit and Investment proposals, including financial modelling, analysis, projections, valuations and industry & peer analysis. § Monitoring financial markets and news for information that would impact the value of credits and investments (private equity and listed). § Assist with the monitoring and reporting of credit exposure/risk in line with internal policies and risk appetite - escalation of breaches as appropriate. § Ensure the effective administration of the credit portfolio and monitoring of credit limits. § Monitor market indicators to ensure complete awareness of market conditions and trends and identify any alert/caution areas in APICORP’s Corporate Banking and Investment portfolio. § Maintaining good stakeholder engagement with key partners around the organization, particularly Corporate Banking, Investments and Portfolio Management, to facilitate the smooth process of the credit approval process. § Support the Head of Credit reviews to minimize risk. § Supporting the continued evolution of reporting and analytics, aligning with emerging trends or changes in portfolio and strategy. § Identifying opportunities to automate or enhance existing reporting and analytics. § Overall management of credit portfolio, completing credit risk review memos, assessing risk-return investment and preparation of executive committee minutes.
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28-Apr-2024
Senior Officer – Corporate Banking and Investments Operations
Riyadh
Job Purpose: - Contribute to the processing of Corporate Banking and investments transactions including Syndicated loans to ensure a smooth and timely execution based on the relevant operating policies, procedures and processes. - Support the management of relationships with banks and custodians. - Contribute, in coordination with the Corporate Banking and Investments Departments, cash management activities by managing cash, call, current and other accounts, including periodic reconciliation. - Ensure that periodic reports are accurate and of high quality. Key Accountabilities Operational & Strategic Planning - Participate in the development and implementation of actionable objectives, planning processes, budgets and operational KPIs for the sub-unit. - Contribute to the sub-unit’s on-going transactions and quality of its output and services, identify and initiate proposals/actions for further improvements and innovations. - Contribute to the Information Technology (e.g., T24) enhancements as they relate to Corporate Banking and investments Operations. - Ensure that the services of the Corporate Banking and investments Operations meet the expectations of internal and external stakeholders. - Contribute to innovation and the institutionalization of new initiatives in the Department. - Succession Planning: Act as a Backup of Corporate Banking and Investments Operations Manager during his absence. - To handle any other assignments given by the Head of Department. - Prepare various Corporate Banking and Investments Operations related MIS reports and statistics. Management of Cash Position - Contribute to short-term cash management activities including forex requirements. - Contribute to the formulation of bank account positions/statements on a regular basis and oversee the funds movements. - Develop future cash movement plans and ensure availability of necessary liquidity required. - Ensure timely coordination with both Treasury and Capital Markets and Treasury Operations for liquidity requirements and expected repayments. - Administer all the liquidity deals processed on daily basis. - Ensure efficient and error free processing of all payments with strict compliance to policies and procedures. - Execute all transactions and ensure necessary procedures are in place and complied with to minimize operational risks. - Perform daily Nostro reconciliation for related accounts and follow up on outstanding items. Disbursement Management - Execute the processing of all payments ensuring correctness and completeness of documentation for effecting payments accurately and on time. - Review the financial terms and conditions of financing arrangements (debt and equity) as communicated in the FCN for both bilateral and syndicated loans. - Ensure the accurateness and completeness of records relating to Corporate Banking and Investments Operations, including authorized signatories for disbursement. - Ensure collaboration with the various business units and borrowers/equity partners/fund administrators in the resolution of disbursement related issues. - Participate in complex negotiations with regards to Corporate Banking and Investments Operations and advise the relevant internal and external stakeholders on financial implications of various implementation and repayment scenarios in coordination with Head of Corporate Banking and Investments - Manage the issuance of account statements as well as contribute to project/equity reconciliation. - Administer follow up activities on outstanding items and ensure necessary steps are taken in case of delay/failure of any sort. - Contribute overall systems and procedures for payments through establishing and enhancing the payment channels. - Contribute to Swift Administration & Coordination activities in coordination with Treasury Operations Department as well as serve as a back-up. - Contribute the system development & enhancements for Corporate Banking (for both bilateral and s yndicated loans) and Investments operations activities. Policies and Procedures - Contribute formulation of policies and procedures for APICORP on Corporate Banking and Investments transaction processing, cash flow management and liquidity management. - Review existing policies and procedures in order to ensure it is up to date and recommend changes to benchmark them with international practices and standards. - Ensure strict compliance of policies and procedures with Corporate Banking and Investments transactional activities. - Periodically review the internal control mechanisms and corporate governance guidelines and recommend improvements. Reporting and Communications - Oversee generation of reports that relate to Corporate Banking and Investments Operations, including all deal processing and settlement activities. - Maintain productive and effective working relationship within APICORP and with external banks/partners. - Provide information to internal and external auditors of the Corporation. - Ensure daily review of End of Day reports. - Responsible of appropriate filling and records keeping for the Corporate Banking and Investments Operations .
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28-Apr-2024
Manager: Strategy and Corporate Performance Management
Riyadh
JOB PURPOSE The Manager: Strategy and Corporate Performance Management supports the Chief of Staff (CoS) with all activities related to the following: 1. Development, refinement, and implementation of strategy. 2. Corporate Performance management. 3. Special projects. 4. Project management and coordination. DUTIES & RESPONSIBILITIES The Manager: Strategy and Corporate Performance Management (MSPM) supports and assists the Chief of Staff (CoS) with a broad range of activities related to the effective management of the CEO – office, with a primary focus on the following duties and responsibilities: 1. Development, refinement, and implementation of strategy: a. The development (as and when required) of an appropriate scope of work and Requests for Proposals (RfP’s) for the potential engagement of strategy and/ or other professional consultants/ advisors. b. Assessment of proposals received from strategy and/ or other professional consultants/ advisors. c. Negotiations with- and the engagement of- strategy and/ or other professional consultants/ advisors. d. Effective process management of the overall engagement with the strategy and/ or other professional consultants/ advisors including internal coordination with relevant key stakeholders, effective data collection and appropriate information distribution. e. Market and operating environment analysis – as may be required, including the analysis of peers/ competitors/ comparable organisations and appropriate benchmarking exercises. f. Preparation of professional presentations and/ or proposals to facilitate the approval of strategy or similar initiatives and plans. g. Managing the implementation of strategy - through effective coordination and monitoring of strategy implementation initiatives and related tasks, projects and milestones. h. Providing guidance on strategy implementation to strategic initiative owners and seeking guidance from the CoS and/ or the CEO where appropriate and required. i. Monitoring the effectiveness of the new strategy (including a comparison of actual results versus expected results and analysis of the operating and competitive environment) and recommending refinements and/ or changes in strategy. j. Preparation of appropriate recommendations and coordination of the required approvals for strategy refinements and/ or changes. k. Preparation of appropriate reports on the progress of strategy implementation. l. Coordination with all relevant stakeholders to ensure that strategy is effectively implemented and/ or adjusted. 2. Corporate Performance management: a. Preparation of Corporate performance management framework and process design – including KPI (or similar) templates, guidelines and instructions to different role players and process timelines (i.e., annual calendars). b. Creation and (facilitation of the) approval of appropriate corporate performance scorecard/ KPI. c. Design of performance scorecards/ KPI’s for all Business Units (BU’s) and Support Functions (SF’s) and assisting the various EMC members with the design of such scorecards for their teams (where required). d. Appropriate cascading of corporate performance objectives to BU’s and SF’s. e. Assisting the CoS with the development of appropriate management accounts and other BI tools that facilitate effective performance management and monitoring. f. Assisting the CoS and EMC with (the development and execution of) tasks, initiatives and projects related to the promotion of a more professional and performance-driven culture across the organisation . g. Monitoring and managing the overall performance management process – including the timely setting of performance targets, the conducting of formal performance appraisals (at the interim and final stage) and the general promotion of more regular and dynamic performance feedback. h. Appropriate stakeholder management – including with the Human Capital function and the various Heads of BU’s and SF’s. i. The periodic collection of performance results and preparation of periodic performance reports (as and when required). j. The preparation of appropriate and professional performance reports and presentations, whether for the EMC, CEO and/ or the Board of Directors. 3. Special projects: Generally assisting the CoS and/ or the CEO with the planning, design, management, monitoring, or execution of any special projects – whether related to strategy, corporate performance management and/ or the general affairs of the organisation. &a
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28-Apr-2024
VP-Investment desk
Riyadh
Full time
1. Maintain a high quality Fixed Income Mandate, Managed Funds/Equities Portfolio within the parameters approved by the Board which is contingent on market conditions and approval of new investments by Management & medium term liquidity conditions of the Corporation. 2. Undertake an active role in formulating and implementing the Department’s investment strategy and contributing to the overall investment and asset allocation process in conjunction with the Managing Director, T&CM. 3. Manage efficiently Corporation’s portfolio of Fixed Income Mandate, Managed Funds and Equities to maximize returns for the Corporation with defined volatility parameters. 4. Coordinate the due diligence process of potential new funds’ investments, which entails sourcing, screening and evaluating funds/hedge funds. 5. Direct portfolio changes to achieve targeted returns and desired performance by developing strategies for investment, divestment, and efficient portfolio construction. 6. Plan and execute investments for increasing bottom-line profits for the Corporation as mandated in a portfolio of well-diversified Funds, Equities and investment vehicles. 7. Maintain an active and strong relationship with External Managers, Research Analysts and Fund Managers. 8. Maintain a strategic asset-allocation model and develop entry/exit strategies for invested funds/equities based on strategic and short-term factors. 9. Assist actively the Managing Director, Treasury & Capital Markets in driving, and developing a credible Medium Term Investment Strategy for Managed Funds & Equities taking into account the market cycles, return and risk profile for individual asset classes in various geographies and investment strategies. 10. Develop and implement a comprehensive investment plan, which encompasses and reflects the tactical views in driving the investment objectives. 11. Make periodic reports to reflect up-to-date views on present and future market conditions. 12. Interact with a wide range of Fund Managers/Senior management/Traders to further the relationships and to grasp insights into their trading tactics, technical concepts and risk management procedures. 13. Understand market conditions, individual risk drivers and current issues and their implications on the Corporation’s P&L - bring to the attention of Head of Treasury & Capital Markets on a timely basis for appropriate corrective measures. 14. Make judgments on market risks, manager specific risks and operational due diligence. 15. Establish and maintain strong relationship with Investment & Hedge Fund Managers, regional/international brokerages, investment banks, and financial institutions covering various traditional and alternative investment markets. 16. Expand APICORP’s contacts with the outside financial world & intermediaries in the Investment community for identifying new avenues for possible investment opportunities. 17. Conduct thorough due diligence to assess qualitative and quantitative aspects of a Fund Manager by Interviews, Conference calls and visits (where applicable). 18. Support the Managing Director, Treasury & Capital Markets on reports for presentation to management and Board; 19. Ensure compliance with Managing Director, Treasury & Capital Markets on administrative procedures of the Corporation.
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