Saudi Arabia Job Openings

aramcoservices

Senior Economic Analyst

November 25, 2024

Job Req ID: 15294
Description: Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Overview
We are seeking a Senior Economic Analyst to join the Hydrogen Department Economic Evaluation & Business Strategy team. The Hydrogen Department focus on the development of blue and green hydrogen and ammonia supply opportunities to assist our customers in Kingdom and Out of Kingdom with their decarbonization efforts.

Your primary role will be to develop and maintaining economic and financial models and cost competitive analysis for the Low Carbon Hydrogen (LCH) and derivative markets and businesses. You will spearhead and deliver economic insights, build and run economic and financial analysis for the Low Carbon Hydrogen (LCH) business from a product/derivative, regulation, hydrogen carrier, price formation, project and company perspective.

Key Responsibilities
As a successful candidate you will perform the following:
  • Develop and maintain a deep understanding of project economics for the low carbon hydrogen value chain and low carbon economy.
  • Regularly reports and presents to management and applicable teams’ relevant economic analysis, impacts and updates based on project configuration changes and other applicable factors.
  • Carry out end-to-end project economic assessments across the entire value chain, from feedstocks to various end-markets.
  • Conduct cost competitiveness and benchmarking of various projects from a feedstock, technology, location and hydrogen carrier perspective.
  • Assist in establishing and shaping pricing mechanisms and strategies for low carbon hydrogen and ammonia.
  • Developing generic models and carries out landed cost competitive analysis for low carbon hydrogen (LCH)/ammonia for our target markets and competition, based on locations, feedstock, technology, hydrogen carriers and different price sets.
  • Develops and runs various financial models for the low carbon hydrogen business, by monitoring and calculating Internal Rate of Returns (IRRs), cashflows, Net Present Values (NPVs), cash cost and conducting margin analysis.
  • Able to understand and develop profit and loss analysis, as well as understand financial statements and gleaning relevant insights when it comes to competitive assessments and benchmarking.
  • Train and mentoring junior analyst, while keeping abreast with the market, pricing and industry developments within the low carbon hydrogen business.
Minimum requirements
As a successful candidate you should have:
  • Degree in Economics/Business/Finance/Accounting or engineering related degree. An MBA, or an MSc in above fields or other advanced professional engineering degree is preferable.
  • Minimum of 10 years of experience and proven track record in the hydrogen/ammonia or other energy related commodity markets, with specialist knowledge and experience of products, derivatives, applications and markets.
  • Strong economic and financial modelling skills and use of MS Excel and other related software.
  • Expertise in handling and organizing various types of economic and financial data.
  • Excellent communication skills (written and verbal) and interpersonal skills and be willing to transfer implicit knowledge to others.
  • Substantial background in areas of financial management and economic analysis, commercial law, taxation, investments, banking and forex.
Working environment
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.

Country/Region: SA

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