Company: Saudi Aramco (ASC)
Skills: Modeling
Education: High School/Secondary
Location: Saudi Arabia


Req Number: 18964BR

Position Description:
Saudi Aramco is seeking an Economic Modeling Specialist to join its Technology Strategy & Planning Department (TSPD).

TSPD is responsible for developing Saudi Aramco's technology outlook and strategy, managing the technology portfolio and intellectual property (IP), supporting the Company's climate and sustainability initiatives, and ensuring the commercial viability of technologies through effective deployment planning. TSPD develops technology commercialization and related execution plans to help align Saudi Aramco's R&D investment with strategy and value-driven technology deployments that can position the Company, with a sustainable competitive advantage, capitalizing on its business and sustainability R&D investments.

The Economic Modeling Specialist will play a key role in the rollout of enhanced technology management processes across the Company, with responsibility to support techno-economic evaluation and strategic decision-making processes in the technology organization. This vital role enables optimal value realization from technology by providing accurate, timely, and detailed analysis of economic, financial, and commercial data regarding technology development, demonstration, and deployment opportunities.

Minimum Requirements:
Saudi Aramco is seeking an Economic Modeling Specialist to join its Technology Strategy & Planning Department (TSPD).

TSPD is responsible for developing Saudi Aramco's technology outlook and strategy, managing the technology portfolio and intellectual property (IP), supporting the Company's climate and sustainability initiatives, and ensuring the commercial viability of technologies through effective deployment planning. TSPD develops technology commercialization and related execution plans to help align Saudi Aramco's R&D investment with strategy and value-driven technology deployments that can position the Company, with a sustainable competitive advantage, capitalizing on its business and sustainability R&D investments.

The Economic Modeling Specialist will play a key role in the rollout of enhanced technology management processes across the Company, with responsibility to support techno-economic evaluation and strategic decision-making processes in the technology organization. This vital role enables optimal value realization from technology by providing accurate, timely, and detailed analysis of economic, financial, and commercial data regarding technology development, demonstration, and deployment opportunities.

Duties & Responsibilities:
Support strategic option analysis (e.g., make vs. buy, technology portfolio prioritization) via provision of cost-benefit assessments and analysis, as well as validation of economic and risk assumptions; present findings and recommendations based on analysis to senior management.

Analyze trends and market intelligence to support the development of business cases (and value hypothesis) for technology projects going through the corporate technology stage-gate process.
Create financial models and establish the value of technologies for potential commercial applications, in support of technology development, deployment and external licensing efforts.

Support technology project teams in the development of a robust financial case for internally developed technologies, including techno-economic models for investment appraisal of technologies in the stage-gate process.

Provide detailed financial and economic insights for evaluating technology project performance by analyzing relevant data against the technology scorecard KPIs.

Support technology development, demonstration, internal deployment and external commercialization opportunities, including implementation of robust deployment plans. This includes tracking and accurately reporting the value realized from deployed technologies, as well as supporting internal and external reviews of the relevant financials.

Provide input to help evaluate licensing opportunities to enable favorable license terms.
Develop, manage and assure the quality of economic modelling tools used within TOC.
Periodically review and improve financial models, maintain and update the repository of licenses and portfolio position on all approved technology/innovation applications.

Work flexibly across TOC and/or R&D domains as required.

Share and transfer techno-economic evaluation fundamentals knowledge to increase financial acumen in the organization.

About us:

Every day, our multinational team of more than 70,000 people combines passion, purpose, and performance to achieve a common objective: unlocking the full potential of the Kingdom’s resources to create more value for our company and more opportunities for people at home and around the globe.

 

 

Join us at Saudi Aramco.

 

 

 

Saudi Aramco is ranked in the Global Top 10 in Rigzone's 2019 Ideal Employer Rankings - find out more here.