Submit a CV
Interested in a career with us? Submit a CV now
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.
Be Part of Our Team
You are 3 steps away from being a part of our growing family
Available Jobs
Manager - Corporate Communications
Riyadh
Full time
JOB PURPOSE: 1. The Manager - Corporate Communications, works with the Communications Director as a central function, overserving both external and internal communications. 2.He/She will work in direct collaboration with corporate communications team and internal stakeholders within TAEF to drive a strategic approach to corporate communications and build both positive brand perception and engagements all stakeholder groups, with a focus on establishing a working and trust led relationship with key tier 1 media within the MENA region and beyond. DUTIES & RESPONSIBILITIES: Strategic Planning: 1. Work closely with the Director of Communications to build integrated communications strategies that actively and effectively support TAEF’s business objectives.2. Support the Director of Communications in leading the communications teams to adopt strategic and targeted campaigns across the region. Campaigns to directly support identified business objectives across TAEF’s value chain3. Actively supports and demonstrates building a culture of cross-functional and cross-functional co-operation.4. Ability to proactively contribute new ideas to enhance the communications operations across the value chain. Media Relations: 1. Manage and work with the agency to establish, maintain, and grow a database of influential contacts and potential contacts across traditional and new media.2. Extensive media relations across key media platforms in the region, preferably with global outlets based out of the region.3. Lead positive media coverage generation through building close working relationships with opinion leaders within trade media on TAEF and its core businesses, measured by SOIP and MPT.4. Support the Director of Communications in periodic media briefings, off the record accounts and CEO executive engagements; has full understanding of off the record/on the record, and on background briefings. Reputation Management: 1. Work with and support the Director of Communications and team on the creation, socialization, and implementation of an approved crisis communications procedure for TAEF.2. Ability to respond to crisis situations within the media in a confident and timely matter, demonstrating knowledge of crisis communication processes and guidelines.3. Has at least 3 years . of experience in crisis communications—from process to implementation, able to develop a risk register, an issue tracker, and on ground action planning. Internal Communications: 1. Support the Director of Communication with the creation, execution, and evaluation of internal communications strategy and plans.2. Plan, edit, and write content for a variety of internal communications mediums, such as an internal intranet portal, town hall meetings, and internal campaigns.3.Understands change management communications and planning4.Ensure consistency in language and style.
Apply Now
27-Oct-2024
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.
Apply Now
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
Apply Now
22-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.
Apply Now
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.
Apply Now