DGM- Investment Governance

Job Description

Job Description ACCOUNTABILITIES & RESPONSIBILITIES Accountabilities Activities Outcome 1 Implementation of investment governance framework and organization in Nayara. Act as the gate owner for the Investment Committee of Refinery and for the Management Committee for Asset Development CAPEX Ensure compliance to Gate review protocols including completeness of Decision Support Package (Quality & Coverage) Review performance of stage gate framework implementation and appraise Investment Committee Facilitate / support various teams in complying with Investment Governance Framework (IGF) requirements Review Techno Economic Feasibility Reports (TEFR), Investment Memorandum (IM) of various Capex Projects and provide inputs to Lead IGG Co-ordinate with various teams in Marketing & Finance for data and information Prepare various proposals approved by Investment Committee for submission to Lead IGG for onward submission to the Management Committee To design and build a robust Investment governance process and organization. 2 Assurance to management on investment opportunities Support Lead IGG in providing assurance to management on investment opportunities, their performance across the lifecycle and a basis for effective investment decision-making. Drive adherence to compliance requirements relating to investments vis-à-vis pre-defined internal policies and external regulations. Support in implementation of Investment Committee recommendations Provide assurance to management on investment opportunities (CAPEX) 3 Managing investment portfolio of the Company Support the Lead IGG in tracking the performance status of existing investment portfolio of the company Support the Lead IGG in analyzing and reporting the Capex utilized and proposed for next financial year Project Prioritization: Provide support to Lead IGG on prioritization of investment projects and/or investment programs against other projects aligned to the investment strategy. Support the Lead IGG in determination of the most efficient set of investment projects/programs to be included in the Organization business plan. Maintained Investment portfolio of the Company. 4 Risks associated with investments/ capital projects Support the Lead IGG in identification of various risks, their quantification, development and implementation of risk mitigation measures. Periodic and event based review of risk levels, and effectiveness of mitigation plans. Reporting and reassurance on the individual investment opportunity / project risk and on an aggregate level. Assurance on adequate risk assessment and risk mitigation measures prepared and followed by business teams. 5 Business planning process Determination of the most efficient set of investment projects/programs to be included in the Organization business plan. Key support and assurance role in preparing annual and 5 year CAPEX program Recommendations on project prioritization for current and future projects Annual and 5Y planned CAPEX program for the Company 6 Monitoring and reporting Review monthly, quarterly and yearly reports prepared by Business Units (BUs) and apprise the Lead IGG of the latest status. Analyze, monitor and control, and report on Capex projects undertaken. Provide comprehensive representation of project performance through key indicators Make available quality and timely information for decision making Enable management to monitor and limit risks within thresholds Escalate critical issues and non-compliances to management Communicate clear and accurate information Aggregate data and facts to present trends and forecasts Facilitate concurrent monitoring of important transactions Provide objectivity to management review Minimize information overload Monitoring & Reporting of Investment Governance KPIs Monitoring & Reporting of Project KPIs. Regular monitoring and reporting on CAPEX Responsibilities ACCOUNTABILITIES & RESPONSIBILITIES Qualifications SKILLS & KNOWLEDGE Educational Qualifications & Certifications: CA/ CFA/ ACCA/ MBA (Finance) from Top Institutes B. Relevant (Functional/Level) & Total Years of Experience: Not less than 10 -12 years working experience in finance, financial control, investment governance/ control. Not less than 3 years of managerial experience in investment management/ control/ governance (capital projects) in similar size Oil & Gas sector company (similar size or bigger than Nayara). Functional Skills: Sound knowledge of downstream Oil & Gas economics (refining, marketing). Strong understanding of financial modelling methodology and practice in Oil & Gas Experience in implementation and execution of investment governance framework (managing capital projects). Behavioral Skills: Strong leadership and presentational skills. People management skills - ability to work with different teams and draw upon their resources and lead them to a common goal. Strong analytical and conceptual thinking. About Us With the agility of a start-up and punching power of a global enterprise, Nayara Energy is perpetually motivated to reimagine every stage of the hydrocarbon value chain - from refining to marketing. And, we are gearing up to delivering crude to chemicals too. In this age of acceleration, we are drawing on the deep knowledge to deliver excellence, every step of the way. As the fastest growing pan-India fuel retail network, we are powering India’s growing energy demand by expanding our retail footprint at a massive pace. We are making a tangible difference with our products, services and sustainable development initiatives to energize lives in our ecosystem. This is what makes us a truly integrated downstream energy company that challenges the status quo, every step of the way. Pivotal in our journey towards an ‘Extraordinary’ future is our energetic, diverse and ethical workforce. By working together relentlessly, we are confident of succeeding in the ever-changing energy landscape, today and tomorrow. Show more Show less