Title:  Subsidiaries Management, Executive Manager

At SPIMACO, we believe that diversity is our strength and inclusion is our culture. We are committed to providing equal opportunities for all, creating a workplace where everyone can succeed.

As part of our People & Culture vision, we foster an environment built on respect, fairness, and inclusion. We celebrate the different perspectives, backgrounds, and experiences that make us more innovative and empower every team member to learn, grow, and make an impact.

Our commitment is to empower every individual to reach their full potential and contribute to our mission of improving lives through innovation and excellence in the pharmaceutical industry. Together, we ensure a workplace where everyone feels respected, heard, and inspired to make a difference.

Main Purpose of Job: 

Oversee a critical segment, steering its strategic alignment and operational effectiveness. Foster team growth, drive key initiatives, and ensure departmental targets align with organizational goals, fostering inter-departmental synergy. 

Strategic Responsibilities: 

• • Lead a specific section or unit, ensuring strategic and operational efficiency.
  • Develop and implement tactical plans aligned with departmental goals.
  • Manage and mentor staff within the section.
  • Monitor section performance and adjust strategies as needed.
  • Foster a positive and productive work environment.

Functional Responsibilities: 

• • Develop & review financial, operational, and strategic information from subsidiaries to ensure alignment with group objectives, identify risks, and support informed decision-making at the corporate level.
  • Oversee financial and operational performance of subsidiaries to ensure sustainable profitability and growth.
  • Identify underperformance, value leakage, and recommend improvement opportunities to subsidiary management and department head.
  • Review and challenge subsidiary budgets, business plans, and funding requests.
  • Participate in subsidiary board meetings as an observer to enhance visibility.
  • Drive strategic decisions related to equity participation, strategic stakes, joint ventures (JVs), initial public offerings (IPOs), and divestitures.
  • Establish new entities to capture opportunities in government projects and greenfield investments under SPIMACO's control.
  • Optimize and monitor subsidiary investment performance.
  • Evaluate investment opportunities, partnerships, and restructuring proposals to maximize shareholder value.
  • Identify financial, operational, and strategic risks at subsidiary level.
  • Develop early warning indicators, including but not limited to liquidity stress, covenant breaches, governance or compliance gaps.
  • Develop subsidiaries’ governance frameworks to align operational performance with SPIMACO corporate strategy.
  • Support crisis management and recovery planning for distressed subsidiaries.
  • Establish performance monitoring mechanisms to track KPIs, risks, and compliance requirements.
  • Coordinate with subsidiary leadership to drive strategic initiatives and operational optimization.
  • Ensure subsidiaries comply with regulatory, financial, and corporate governance standards.
  • Consolidate performance reports and present insights to executive leadership and board committees.

Qualifications & Experience : 

• Required: Bachelor’s Degree in a relevant field.
• Preferred:

1. Master’s Degree
2. Professional Certificate in a relevant field

Experience

• Required: Minimum 13 years.
• Preferred: 5 years of experience at a Mid-Management level.

Language

• Required: English – proficient.
• Preferred: Arabic – proficient.

Competencies

Core

• Transparency
• Communication is Key
• Ownership & Accountability
• Collaboration & Team Unity
• Employee Development & Training
• Innovation & Creativity

Leadership

• Guidance & Direction
• Ability to Influence
• Team Engagement & Development
• Effective Communication
• Flexibility

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