Sr. Specialist,Tech. Ventures (China)

JOB TITLE: Sr. Specialist, Venture, T & I, China

ORG UNIT NAME: T & I

LOCATION (CITY/COUNTRY): Shanghai, China

JOB PURPOSE

The purpose of the role is two fold: (a) ‘Bottom-up’: To create deal flow within the strategic areas of interest to SABIC; and (b) ‘Top-down’: To lead and manage the regional interface with internal need owners (i.e. SBU’s and Corporate Programs) and external (technology) innovation solution providers.

Responsibilities

• Responsible for creating deal flow in the strategic areas of interest for SABIC within the geographical region (Europe, USA, APAC).
• Responsible for screening of joint development, investment, licensing-in and acquisition opportunities starting from hunting grounds of SABIC’s Corporate Platforms and SBU’s.
• Conducts preliminary evaluation of the technology, its use, its uniqueness as well as applicability to SABIC’s existing and future strategic businesses (strategic fit) and the level of commercial feasibility.
• Responsible for taking prompt decisions to kill obvious non-feasible opportunities at early stage before they go to sponsors; thus helping to provide focus on feasible opportunities. This also implies that the role is responsible to have upfront understanding of SBUs or Corporate Platforms technology needs and constraints.
• Responsible for following the deal flow process and required documentation.
• Responsible for developing a strategy for interfacing and interacting with potential solution providers, developing preliminary assessments vs. strategy and providing shortlists of potential solutions to the need owner.
• Responsible for building and maintaining internal relationships with functions required for deal flow process, such as domain technology experts within T&I, Legal Counsels and with SBU’s.

MINIMUM EDUCATION/EXPERIENCE REQUIREMENTS

• BS, MSc or PhD in chemistry, chemical engineering or Petchem related stream.
• Training in business development, corporate finance and legal agreements.
• Minimum 10-15 years of industrial experience in (petro)chemical industries
• Minimum 5-10 years of experience in a technology development-related job.
• Preferably experience with new business developmevnt/starting technology ventures.
• Technical know-how: chemicals & materials technology, biotechnology and energy technology.
• Professional know-how: broad understanding of strategy development, innovation, corporate finance and Legal (venturing).
• Good understanding of SABIC strategy, businesses/SBUs and needs (e.g. technology roadmaps).
• Strategic decision-making: able to take decisions on what is relevant for SABIC 5-10 y from now.
• Innovative and lateral thinker, can think out of the box and dares to challenge status quo.
• Builds strategic working relationships: Strong networker, both inside and outside SABIC.
• Builds partnerships: Explores options for both parties in a creative and constructive manner. Represents the company in a professional manner.
• Organize for success: Ability to drive initiatives across the entire SABIC organization to induce/strengthen the innovation focus and capabilities.

ABOUT SABIC

SABIC is a global diversified chemicals company, headquartered in Riyadh, Saudi Arabia. SABIC manufactures on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products:  chemicals, commodity and high performance plastics, agri-nutrients and metals.

SABIC supports its customers by identifying and developing opportunities in key end-use applications such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy. Production in 2019 was 72.6 million metric tons.

SABIC has more than 33,000 employees worldwide and operates in around 50 countries. Fostering innovation and a spirit of ingenuity, SABIC has 12,540 global patent filings, and has significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia.

Equal Opportunity Employer (EOE) Statement

SABIC is committed to creating a diverse work environment and is proud to be an equal opportunity employer and as such will not discriminate in its employment practices, including recruiting and hiring practices, based on a person’s race, color, religion, national origin, citizenship, sex (including gender identity, sexual orientation and pregnancy), age, disability, genetic information, veteran status, or other characteristics protected by law.