Company Description

For 170 years, Veolia has been a global leader in providing water, energy, and waste management solutions. Serving public authorities and industries across 58 countries, our comprehensive services are essential to human development and sustainable growth. As we progress alongside economic growth and human development, we continuously adapt and innovate, designing solutions that positively impact the environment and conserve resources.

Veolia focuses on local solutions to purify and preserve vital resources, mitigate resource depletion, decarbonize lifestyles and production methods, and adapt to the impacts of climate change.

Our mission is to build a better 21st century, and we proudly identify as #resourcers.

Key figures of Veolia Near and Middle East

Over 3,900 employees in the Middle East (in addition to the nearly 6,000 employees for Enova, which reports directly to Veolia Africa Middle-East for Facility Management and Energy Efficiency contracts in the region)A robust local network across the region, including the UAE, Oman, Qatar, Bahrain, Kuwait, Lebanon, Turkey, Jordan, and Saudi Arabia40 years of sustainable partnerships

In the Middle East, Veolia collaborates with industries, governments, communities, and commercial businesses to deliver innovative and sustainable solutions needed today, while maintaining a vision for tomorrow. Through public-private partnerships and innovative contractual schemes, Veolia is dedicated to achieving measurable results with pragmatic, sustainable environmental solutions.

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Context

Veolia Near & Middle East HQ provides business support and expertise to its various local entities and ensures that the Veolia Group strategy, policies, processes, and tools are implemented appropriately and in a timely manner, as well as customized to our local needs.  The role of the finance department is not limited to keeping the company’s accounts. Its influence goes far beyond and impacts all corporate functions.

Job Description

Main Accountabilities

The Project Finance Director for Veolia Near & Middle East region is responsible for managing all financial aspects of development projects from inception through to operational handover, including acquisitions, greenfield and brownfield developments, M&A transactions, and asset rotation activities. The role serves as the key financial advisor to Business Development teams and reports directly to the Veolia Near & Middle East CFO, based in Dubai.

Detailed Job Description

Financial Modeling & Valuation:

Develop comprehensive financial models for new projects and M&A opportunitiesPerform detailed valuation analysis and assess financial returns under IFRS standards (including IFRIC 12 and Asset Co/Op Co schemes)Challenge cost assumptions and build robust business plans for tender submissionsConduct impairment tests and support Long Term Plan growth projects

Risk Analysis & Management:

Analyze and quantify risks associated with projects including operational (construction and operation), credit default, currency, and interest rate risksReview contracts from a financial perspective and build comprehensive risk matricesCoordinate insurance matters for Veolia Middle East operationsManage bond requirements for projects

Transaction Support & Structuring:

Oversee M&A project management processes including due diligence, financial planning, scoping, closing, and integrationReview and optimize financial and legal structuring of projects, including tax considerationsStructure project financing solutions in collaboration with banks and financial institutionsSupport Commercial teams in preparation and optimization of financial offers during prequalification and tender processes

Documentation & Governance:

Review and co-draft finance-related provisions in contractual documentation (share purchase agreements, shareholders agreements, service agreements, financing documentation) with Legal teamsPrepare investment memorandums and presentations for the Group's Investment CommitteeEnsure development projects comply with Group standards and criteriaEnsure smooth contract start-up and transition to project CFO for awarded contracts

Stakeholder Management:

Interface with HQ expertise departments / Matrix management (Investment Control, M&A, Corporate Development, Accounting Standards, Tax, Insurance)Liaise with external advisors, financial advisors, auditors, and banking institutionsParticipate in financial negotiations with external partiesCoordinate research and analysis activities to assess strategic impact of opportunities

QualificationsBachelor's degree in Finance, Accounting, Business Administration or related field; MBA or professional qualification (CFA, ACCA, CPA) preferredMinimum 10 years of progressive experience in corporate and project finance, ideally gained in investment banking, multinational corporations, or Transaction Services divisions Strong understanding of IFRS accounting standards and their application to complex transactionsAdvanced financial modeling and valuation skillsSolid knowledge of corporate tax structures and business contractsExperience with project finance structuring and debt financing arrangementsExpertise in structuring bankable non-recourse project financingAbility to coordinate technical, legal, and financial due diligence for bankabilityFamiliarity with Near & Middle East markets and the soft mini perm-conceptFluent English required; Arabic or French is a plus

Additional Information

Personal Attributes

Strategic thinker with strong analytical and problem-solving capabilitiesStrong anticipatory skills to identify potential issues before they ariseExcellent communication and presentation skills for diverse stakeholdersStrong negotiation skills with ability to defend financial positions internally and with other stakeholders. Ability to advocate effectively for projects interests.Collaborative team player able to work effectively across functions and with external partiesAutonomous self-starter capable of managing multiple projects simultaneously under tight deadlinesThrives in fast-paced, evolving environments with competing deadlinesDynamic, proactive personality with positive attitude and cultural sensitivityDetail-oriented with high degree of accuracy and financial rigorProven ability to lead, develop, and mentor high-performing finance teams membersAbility to analyze complex frameworks and identify optimization opportunitiesDemonstrated resilience and ability to perform under pressure while maintaining quality standardsFlexible and adaptable with willingness to work outside standard business hours when requiredExceptional ability to simplify and communicate complex financial concepts to non-specialist stakeholders

As an inclusive company, Veolia is committed to diversity and gives equal consideration to all applications, without discrimination.

The preceding description is not designed to be a complete or exhaustive list of all duties and responsibilities that will be carried out by the selected candidate.

Veolia Middle East does not and shall not discriminate in any forms in its recruitment processes.