Strategic Advisor - Financial Securities

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Tēnei Tūranga – About the role

The Crown Minerals (Decommissioning and Other Matters) Amendment Act aims to mitigate the risk to the Crown and other third parties of having to carry out and fund decommissioning of petroleum infrastructure.  This is a fixed term role for a senior corporate finance specialist to design, establish and implement the financial securities and post decommissioning functions required by the Amendment Act. 

The Strategic Advisor – Financial Securities is a project leadership position, which will be responsible for a high risk and specialist area of work. You will be required to work seamlessly with other work-stream leads to successfully implement the financial securities and post decommissioning functions of the Bill.

Ngā Herenga – Requirements of the role

Personal specifications

  • Proven senior ability to assess, design and implement a range of financial securities, that might include all or any of trusts/escrow arrangements, guarantees, performance bonds, letters of credit and other products
  • A passion for managing financial risk - very strong finance and business acumen including the ability to assess financial information, project economics, commercial agreements, and joint venture and other corporate structures, relating to both New Zealand and international businesses
  • Financial, analytical and leadership skills to support the establishment and implementation of a post-decommissioning fund for petroleum wells
  • Extensive experience working in the corporate finance, banking, commercial or petroleum sectors, or equivalent relevant work experience
  • Experience working in a leadership role in a project team, and the ability to deliver a high standard of service under tight and competing priorities
  • Strong ability to understand and apply knowledge from other disciplines, particularly technical information
  • Excellent analytical thinking, critical thinking and risk identification and assessment skills
  • Self-motivated and proactive, with the confidence, courage, sound judgement and intelligence to drive a new approach to manage risk to the Crown
  • Well-developed influencing and negotiation skills
  • Tertiary qualification in Banking/Finance/Accounting or other relevant qualification
  • Knowledge and experience of the petroleum industry preferred
  • Demonstrated ability to lead others and stand up new functions required by new legislation
  • Ability to work well as part of a project team, deliver a high standard of service under tight and competing priorities
  • Ability to deliver through others, including MBIE staff and third party providers
  • Ability to deliver information clearly to a range of audiences
  • Ability to work well with industry participants, other regulators (both within New Zealand and in other jurisdictions), and other stakeholders
  • Excellent change leadership, communication and coaching skills to embed a culture of excellent associated with the new functions
  • Credit check required (yes)
  • Right to live and work in New Zealand

Takohanga Tuhinga o mua – Key accountabilities and deliverables

Creation of financial securities and post-decommissioning fund functions required by new legislation

  • Play a lead role, and support others, to establish the range of new functions required by the Crown Minerals (Petroleum Decommissioning and Other Matters) Bill
  • Take particular responsibility to stand up the financial securities and post-decommissioning fund functions, and serve as a subject matter expert in relation to these areas to support others working on the project
  • Lead the procurement of legal and other third party providers required to support the financial securities and post-decommissioning fund functions
  • Taking the lead and working with others to design and create all tools, templates, processes, guidance and education, contracts, and systems required to support the financial securities and post-decommissioning fund functions
  • Integrating the financial securities and post-decommissioning fund functions with the other functions required under the new legislation, particularly those relating to monitoring and financial securities

Once the financial securities and post decommissioning functions have been completed, then implementing the functions

  • Once the financial securities function has been created, completing the assessment of those financial securities that will be proposed by permit holders under the new law
  • Provision of specialist financial advice to support complex statutory decisions under the new law relating to financial securities and the post-decommissioning fund
  • Imposition and implementation of the financial securities that stem from statutory decisions under the new law, including a wide range of complex and industry specific multi-party commercial transactions
  • Imposition and implementation of the post-decommissioning fund requirements that stem from statutory decisions under the new law
  • Working seamlessly with others to jointly implement all functions under the legislation in a seamless manner, protecting the interests of the Crown
  • Operationalisation of the financial securities and post-decommissioning fund functions to ensure that they can be conducted on an ongoing basis, consistent with the intent of the legislation

Stakeholder Engagement

  • Lead engagement with industry stakeholders to educate, influence and ensure compliance and cooperation by them to ensure the implementation of the financial securities and post-decommissioning fund functions
  • Lead engagement with other regulators and relevant MBIE staff to support the creation of the financial securities and post-decommissioning fund functions

Wellbeing, health and safety

  • Displays commitment through actively supporting all safety and wellbeing initiatives
  • Ensures own and others safety at all times
  • Complies with relevant safety and wellbeing policies, procedures, safe systems of work and event reporting
  • Reports all incidents/accidents, including near misses in a timely fashion
  • Is involved in health and safety through participation and consultation

Tō tūranga i roto i te Manatū - Your place in the Ministry

The Strategic Advisor – Financial Securities will report to the National Manager Petroleum & Minerals in the Energy and Resource Markets branch within the Building, Resources and Markets group.

The role will work with others across the Energy and Resource Markets branch to implement the Crown Minerals (Decommissioning and Other Matters) Bill.

More information about MBIE's structure

To mātou aronga – What we do for Aotearoa New Zealand

Hīkina Whakatutuki is the te reo Māori name for the Ministry of Business, Innovation and Employment. Hīkina means to uplift. Whakatutuki means to move forward, to make successful. Our name speaks to our purpose, Grow Aotearoa New Zealand for All.

To Grow Aotearoa New Zealand for All, we put people at the heart of our mahi. Based on the principles of Te Tiriti o Waitangi / The Treaty of Waitangi, we are committed to upholding authentic partnerships with Māori.

As agile public service leaders, we use our breadth and experience to navigate the ever-changing world. We are service providers, policy makers, investors and regulators. We engage with diverse communities, businesses and regions. Our work touches on the daily lives of New Zealanders. We grow opportunities (Puāwai), guard and protect (Kaihāpai) and innovate and navigate towards a better future (Auaha).

Ngā matatau – Our competencies

Cultivates innovation We create new and better ways for the organisation to be successful by challenging the status quo generating new and creative ideas and translating them into workable solutions.

Nimble learning We are curious and actively learn through experimentation when tackling new problems by learning as we go when facing new situations and challenges.

Customer focus We build strong customer relationships and deliver customer-centric solutions by listening and gaining insights into the needs of the communities we serve and actively seeking and responding to feedback.

Decision quality We make quality and timely decisions that shape the future for our communities and keep the organisation moving forward by relying on an appropriate mix of analysis, wisdom, experience, and judgement to make valid and reliable decisions.

Action oriented We step up, taking on new opportunities and tough challenges with purpose, urgency and discipline by taking responsibility, ownership and action on challenges, and being accountable for the results.

Collaborates We connect, working together to build partnerships with our communities, working collaboratively to meet shared objectives by gaining trust and support of others; actively seeking the views, experiences, and opinions of others and by working co-operatively with others across MBIE, the public sector and external stakeholder groups.

Te Tiriti o Waitangi

As an agency of the public service, MBIE has a responsibility to contribute to the Crown meeting its obligations under Te Tiriti o Waitangi (Te Tiriti). Meeting our commitment to Te Tiriti will contribute towards us realising the overall aims of Te Ara Amiorangi – Our Path, Our Direction, and achieve the outcome of Growing New Zealand for All. The principles of Te Tiriti - including partnership, good faith, and active protection – are at the core of our work. MBIE is committed to delivering on our obligations as a Treaty partner with authenticity and integrity and to enable Māori interests. We are committed to ensuring that MBIE is well placed to meet our obligations under the Public Service Act 2020 (Te Ao Tūmatanui) to support the Crown in strengthening the Māori/Crown Relationship under the Treaty and to build MBIE’s capability, capacity and cultural intelligence to deliver this.

Mahi i roto i te Ratonga Tūmatanui – Working in the public service

Ka mahitahi mātou o te ratonga tūmatanui kia hei painga mō ngā tāngata o Aotearoa i āianei, ā, hei ngā rā ki tua hoki. He kawenga tino whaitake tā mātou hei tautoko i te Karauna i runga i āna hononga ki a ngāi Māori i raro i te Tiriti o Waitangi. Ka tautoko mātou i te kāwanatanga manapori. Ka whakakotahingia mātou e te wairua whakarato ki ō mātou hapori, ā, e arahina ana mātou e ngā mātāpono me ngā tikanga matua o te ratonga tūmatanui i roto i ā mātou mahi.

In the public service we work collectively to make a meaningful difference for New Zealanders now and in the future. We have an important role in supporting the Crown in its relationships with Māori under the Treaty of Waitangi. We support democratic government. We are unified by a spirit of service to our communities and guided by the core principles and values of the public service in our work.

What does it mean to work in Aotearoa New Zealand’s Public Service?(external link) — Te Kawa Mataaho The Public Service Commission

MBIE value: Māia - Bold & brave, Pae Kahurangi - Build our future, Mahi Tahi - Better together, Pono Me Te Tika - Own it