COMPANY OVERVIEW
NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations.
As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.
As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change.
Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a lasting legacy that benefits generations to come? Then we want to hear from you!
ROLE OVERVIEW
To lead and oversee the development of thorough project business cases and feasibility studies, as well as modeling tools, templates, functions, model flexibility, project finance methods, and project financial structures, in order to guarantee alignment with the Magna`s objectives and aims.
REQUIREMENTS SUMMARY
- Excellent communication and interpersonal skills, with the ability to engage effectively with a wide range of stakeholders
- Ability to build and sustain strong relationships with internal and external stakeholders
- Knowledge of data analysis and reporting tools
- Advanced analytical interpretation and problem-solving skills
- Ability to draft and report to senior management with recommendations regarding assigned tasks
- Ability to schedule and monitor activities to achieve organizational MAGNA
ROLE COMPETENCIES & ACTIVITIES
Financial Specialist responsibilities will include, but not be limited to:
Policies & Procedures
- Support the Asset list of the MAGNA following NEOM policies, procedures and processes
- Manages Cost Database reporting and change management following ETSD cost Policy and Procedures
- Support with the Department procurement
Business Strategies
- Assist in the development of the department's annual business plan, KPIs, budget, and policies and procedures
- Gather all the data needed from other managers, from past projects, or from the resources directly in order to use data in the studies
- Assist in the production of business case presentations that include financial results and recommendations to leadership
- Board reporting as required
Document Auditing and logs
- Ensures adequate document records are retained and audit and performance management mechanisms are in place
- Arrange proper documentation flow and control
- Keeps the log of changes to the Asset list, Cost database, Business cases, and another commercial workstream if required
Commercial
- Coordinate with the Development & Asset Management department to develop a high-level and thorough project business case and feasibility assessment
- Develop modeling tools, templates, and features that capture model flexibility and other real estate study requirements
- Assess the feasibility of new projects through market and asset evaluation to ensure strategic and financial fit
- Ensure the development of high-level and detailed feasibility studies and financial models for all project opportunities
- Provide input regarding modeling techniques, assumptions, and inputs
- Coordinate the submission of the Business case to the internal stakeholders. Conduct the presentation and close out the comments from the stakeholders
Stakeholders Management
- Gather inputs (e.g., costing and scheduling from the Delivery department, project financing from the Project Financial Structuring division) and align on the project financial feasibility study approach, assessment, and outcome, coordinate with the Development & Asset Management, Design & Delivery, and Commercial Departments
- Monitor project delivery and operations with relevant parties for possible updates to project business plans and financial feasibilities, and indicate any differences that have a major influence on project financial performance
Culture and Values
- Embrace NEOM’s culture and Values https://www.neom.com/en-us/about
- Act with honesty and integrity by following best practices, and upholding the robust standards and expectations set out in NEOM’s Code of Conduct
- Maintain fair, ethical and professional work practices in accordance with NEOM’s Values and Code of Conduct
- Adhere to NEOM’s Policies, procedures, and controls to ensure compliance with rules
EXPERIENCE & QUALIFICATIONS
Knowledge, Skills, and Experience
- Financial feasibility
- Proficiency in financial software and tools (e.g., Excel, financial modeling software)
- Planning and organization
- Problem-solving
- Strong oral and written communications
- Strong leadership skills and an ability to connect with people to drive successful relationships
- A demonstrable track record of working at the highest standards and delivering outstanding results
- Ability to work with key stakeholders, senior executives, management team and external partners/ advisors through collaboration & teamwork in a non-hierarchical relationship framework
- 1 to 5 years of relevant experience in Financial Feasibility & Business Case, or any other related
