Commercial Fleet Manager

About the Role

ENGIE Saudi Arabia is seeking a Commercial Fleet Manager – Power & Water Assets to join their team. This full-time position is based in Riyadh, with operations extending to Al Khobar. The role focuses on maximizing the commercial performance of the company's power and water asset portfolio.

Role Objective

The primary objective of this role is to optimize revenues, contractual entitlements, and commercial risk management across all Project Companies and O&M entities. This involves enhancing stakeholder relationships and identifying opportunities to maximize shareholder value within the asset portfolio.

Key Responsibilities

• Develop and implement commercial strategies for the power and water asset portfolio.
• Monitor compliance with key project agreements including PPA, WPA, OMA, LTSA, EPC, and fuel supply contracts.
• Oversee asset performance, risks, and opportunities, ensuring timely escalation and resolution of technical, operational, and commercial issues.
• Contribute to portfolio management, MTP processes, and strategic analysis, identifying value creation opportunities such as optimization and refinancing.
• Support business opportunities and asset optimization initiatives, including negotiations for extensions, renegotiations, and new services.

Accountabilities

• Review board materials for all six Project Companies to understand their status, challenges, and opportunities.
• Follow up on the MTP and budget for the six asset Project Companies.
• Identify key commercial risks within each Project Company and collaborate on action plans to mitigate exposure.
• Support Project Companies in resolving disputes and challenges with off-takers, EPC, OEM, or O&M Companies.
• Identify and pursue commercial optimization opportunities, including efficiency gains and contractual amendments.
• Participate in commercial negotiations with various stakeholders for portfolio-related matters.
• Analyze market developments, regulatory changes, and sector trends impacting asset profitability.
• Collaborate with finance, technical, legal, and operations teams to assess commercial risks and develop mitigation plans.

Qualifications and Experience

• A minimum of 10 years of relevant experience is required for this role.
• Demonstrated ability to develop and implement commercial strategies.
• Experience in monitoring contractual compliance and managing commercial risks.
• Strong analytical skills for identifying value creation and optimization opportunities.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, with responsibilities covering assets in locations including Al Khobar. The role requires close cooperation with the Head of Asset Management and the Assets team, as well as coordination with various internal and external stakeholders.