Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise, is the state-owned oil company of the Kingdom of Saudi Arabia. Through our 80-year history we have become a world leader in hydrocarbons exploration, production, refining, distribution, shipping and marketing, and the world’s top exporter of crude oil and natural gas liquids (NGLs). We manage proven conventional crude oil and condensate reserves of 260.2 billion barrels. Our average daily crude production in 2013 was 9.4 million barrels per day (bpd).
We are seeking an Economic Modeler to join the Technology Strategy & Planning Department (TS&PD).
TS&PD is responsible for developing Saudi Aramco's technology outlook and strategy, managing the technology portfolio and intellectual property, supporting the Company's climate and sustainability initiatives, and ensuring the commercial viability of technologies through effective deployment planning. TS&PD 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 strategic and core R&D investments.
Your primary role will be to support the evaluation and strategic decision-making processes within the technology function to aid optimal value realization from technology by providing accurate, timely, and detailed analysis of economic, financial, and commercial data regarding technology development and deployment opportunities.
You will have a bachelor's degree in Economics, Econometrics, Engineering, Statistics, Business Administration, or related disciplines; sound judgement, critical thinking, and extraordinary attention to detail; excellent analytical, organizational, and multitasking skills. An advanced degree (MBA/Finance) preferable.
You will have at least 10 years of professional experience gained from working in leading organizations in the oil and gas sector, and/or for leading management consulting firm(s) in the above named sector. Deep knowledge and understanding of at least one of the oil and gas domains (downstream/chemicals, midstream, upstream) is desirable. At least 2 years must have been spent in a technology commercialization setting. Experience of working in Financial Services in a financial/economic modelling role is desirable.
You should have 5 years demonstrable breadth of experience in conducting cost-benefit/effectiveness and budget impact analyses using mathematical, economic, or statistical modelling tools and techniques such as decision tree analysis, Markov modelling, and/or discrete event simulations. You must be strongly motivated to further develop and specialize in this discipline.
Demonstrable mastery in extensive use of Microsoft Excel for data analysis and PowerPoint for developing presentations, and experience developing market research and business cases for new strategies or products and demonstrated project management experience are a preferred.
Duties & Responsibilities:
You will be required to perform the following:
Support strategic option analysis (e.g., make vs. buy and technology portfolio prioritization) via provision of cost-benefit assessments and analysis, as well as validation of economic and risk assumptions. Presents 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 new technology proposals and/or products going through Stage-Gate review.
Create financial models and establish the value of technologies for their potential commercial applications, in support of technology development, deployment, and external licensing efforts.
Support the management of the technology portfolio from disclosure through proprietary protection, research, technology development, and deployment.
Support the technology teams in developing a robust financial case for internally developed technology projects.
Provide detailed financial and economic insights for evaluating technology project performance by analyzing relevant data against defined key measures/metrics.
Support technology development and commercialization activities, including review of the Technology Strategy, and execution of commercialization plans.
Provide data to help identify and evaluate licensing opportunities and input for negotiating favorable license terms.
Develop, manage, and quality assure economic modelling tools used within Technology Oversight & Coordination (TOC).
Periodically reviews and improves financial models, maintains and updates the repository of licenses and portfolio position on all approved technology/innovation applications.
Work flexibly across TOC and/or R&D domains depending on the volume of work.