Company: Saudi Aramco (ASC)
Experience: 10 + Years
Education: Bachelors/3-5 yr Degree
Employment Type: Full Time Salaried Employee
Location: Saudi Arabia
In order to apply for this position, applicants MUST meet the following criteria. If your resume
does not match these criteria, you will not be able to apply for this position.
Req Number: 17003BR
We have an immediate requirement for an experienced Petrochemical Economic Modeling Specialist.
Saudi Aramco, a global leader in the energy industry, is seeking experienced professionals to join our growing Chemicals Business Organization.
As the successful candidate, you will hold a Bachelor's degree in Chemical Engineering or a closely related field. An MBA is preferred.
You will have a minimum of 10 years of experience in developing economic evaluation models for the petrochemical industry.
You will have strong economic modeling using Microsoft Excel or any other modeling software.
You must have knowledge of Quantitative Analysis techniques, sensitivity analysis using in-house and/or 3P software to support same.
You will have ability to assess the competitiveness of multiple products derived from the basic building blocks and the best way to evaluate and select product for investment.
You will have experience supporting project development and deal negotiations.
You will have experience of working in chemicals or oil refining with similar project economics modeling.
You will have excellent communication, presentation, interpersonal and networking skills.
You will have ability to interface effectively with people from different departments and nationalities.
Also you will have flexibility to travel both domestically and internationally, and you will have a passion for mentorship and knowledge sharing to support the development of promising young engineers.
Duties & Responsibilities:
You are required to perform the following:
Understand Petrochemicals business market dynamics in terms of supply/demand balances, operating rates, and global and regional business dynamics.
Evaluate from an economic perspective, various types of project investment opportunities, including greenfield, brownfield, M&A and/or joint venture investments.
Provide management with a view on whether or not a potential investment is viable using diverse economic performance criteria (NPV, IRR, PI, Payback), and risk that could affect the success of an investment.
Support the Project, Ventures and Sales team to evaluate pricing and market dynamics for the projects of Saudi Aramco's Chemical portfolio
Collaborate with internal departments like Strategy & Market Analysis (S&MA), Finance, Facility Planning, and Law on investment opportunities evaluation.
Support commercial negotiations with partners or customers with robust economic assessments.
Validate economic models developed by other Saudi Aramco departments or outside consultants.
Identify what generates the economic value in a project, and where unknowns could leave risk loopholes.
Monitor reports on industry profitability and margins.
Support project teams with economic evaluation in coordination with the LP Modeling Team and the Commercial Team.
Participate in M&A or JV formation due diligence process on economic evaluation and valuation, and commercial support.