M&A Principal - #2157623

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Job Description:

bp’s corporate Mergers & Acquisitions team's anchor role is to provide a center of expertise in driving acquisitions, disposals, joint ventures and asset restructurings within the bp Group, with a value in excess of US$50 million.

M&A's core expertise lies in its advisory and transactional ability. On the advisory side we have knowledge and experience in analysing assets and/or businesses to establish sources of value and minimising risks and liabilities. On the transactional front our experience and skills are deployed in assessing the market, pricing and bidding, running sell-side auctions, negotiation, and project management of a transaction to completion. This involves close collaboration with Business Groups and Functions internally and numerous external parties including corporates, investment banks, engineering firms, financial investors and advisors.

We develop a broad corporate development capability through our access to the internal strategic context and an acute awareness of the evolving external market. M&A works with the Business Groups to evaluate divestment and acquisition options. The M&A team plays a pivotal role in bp deliver its strategy.

As a Principal in Mergers & Acquisitions, you can expect to be working on several transactions at any one time. The Principal is responsible for leading a transaction team, working closely with business managers, legal, functional, and (in certain instances) financial advisors to effectively deliver material transactions for the bp Group within the boundaries set by the bp executive team.

This position provides a unique opportunity for an individual to hone commercial astuteness, negotiating skills, and project management skills. It also provides unparalleled exposure to C-Suite executives and senior leaders across bp. This position is an excellent opportunity for a motivated individual to be exposed to a broad range of business issues and to test themselves in a high pressure transaction environment.

This role is based in London and is part of bp’s global M&A team. Applicants with energy backgrounds in upstream, downstream and Trading will be considered. The successful applicant will tag into either the VP M&A Upstream and Technology or the VP M&A Downstream & ST&S, subject to the candidates experience/ background. Notwithstanding, the M&A function works in an agile way, so resources are deployed as needed to meet Group needs. As such, the successful candidate may be deployed to lead transactions across any business segment within the bp Group.

Key Accountabilities:

• End-to-end delivery of a transaction, managing all the relevant resources in a timely manner with all pertinent issues addressed.
• Leadership of the deal team including all necessary supporting functional expertise to deliver transactions in a timely manner and securing the best value for bp
• Acting as a key member of the negotiating team (typically the lead negotiator) to secure the deal at maximum value for bp.
• Support transactions which will help shape bp in the delivery of its corporate strategy and will participate in the implementation of the strategy of all business divisions.
• Extensive travel could be required but will be dependent on the project portfolio of the M&A Principal and the needs of the business clients.

Requirements for the role:

• Degree from an accredited college or university
• Consistent track record in delivery of material M&A transactions in the energy industry (hydrocarbon, low carbon, mobility, energy retail) - As part of the interview process, we expect candidates will be able to provide a deal sheet of completed transactions and be able to speak to their role in those.
• Deep experience working in or with an International Energy Company with career anchor/ experience in at least one operating segment of upstream oil and gas, downstream or trading.
• Demonstrated negotiation skills and experience with commercial contractual frameworks, risk allocation structures, governance frameworks, etc.
• Experience with corporate finance, economic evaluation and risk management.
• Confirmed experience of working with external counterparties in international environments.
• Experience creating and delivering commercial solutions to challenging problems with joint venture partners, host governments or transaction counterparties.
• Well developed understanding of energy value chains and macroeconomic themes impacting the energy sector.
• Project management skills with attention to detail and the ability to work independently in an environment that may sometimes be ambiguous.
• Leadership skills with the ability to set direction and clear objectives to large, dispersed teams.
• Ability to build trust and confidence with internal and external partners and handle conflicts professionally.

Desirable Criteria

• A strong finance, engineering and/or economics background.
• MBA or a similar advanced qualification.
• Demonstrated leadership skills – leading a team or projects
• Excellent communication skills and the ability to interface effectively with senior executives
• Experience of managing external relationships (partners, counterparties, governments).
• Strong organisational skills and able to influence and coordinate various internal (e.g., commercial and functional staff) and external (e.g. lawyers, advisors and partners) team members.
• Proactive mindset with strong performance bias.
• Experience with creative financial structuring, accounting treatment of debt, etc.
• Strong commitment to a work environment of mutual trust and respect and where diversity and inclusion are valued.
• Highly professional demeanour with strong written and oral communication skills.

Process to apply:

When submitting your application, please submit your CV in addition to a deal sheet of relevant M&A transactions.

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