Description
Aramco energizes the world economy.
Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities 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.
We are seeking a Downstream Pricing Analyst to join our Global Optimizer Development Department (GOD).
The GOD charter is to optimize crude allocation and the operations of global manufacturing facilities in order to maximize revenue, increase profitability, and capture international market opportunities.
Your primary role is to be responsible for developing and enhancing price forecast visualization tool, compute and issue transfer prices and coordinate with stakeholders to validate price implementation. In that capacity the incumbent shall be the primary source for refined products, crude, chemicals and freights forecast needed by Global Optimizer team and Affiliates Affairs organization. Continuously assess transfer prices implementation.
Duties & Responsibilities
As the successful candidate you will be required to perform the following:
- Develop, maintain, and continuously improve fit-for–purpose price forecast visualization tools.
- Consult with Pricing Insights and Market Analysis team and Asset Economists (AE) to gather information on global events affecting energy/ oil & gas market and market trends.
- Gather data from forward curves of all crude and products, market premium or discount values, costs of freight and other elements of Transfer Prices.
- Compute transfer prices daily for M till M+3, according to the planning cycle.
- Coordinate with AEs and market insights for review and validation of prices to be issued.
- Issue price forecast weekly to the AEs to ensure timely identification of opportunities, estimate up lift margins and serve as a basis for negotiations among stakeholders.
- Issue actual transfer prices on the last day of the month for the following month, to allow for timely review.
- Perform periodic lookback of TP forecasting quality and identify trends.
- Perform random checks and assist accounting department to maintain quality of implemented prices on Standard and Non-Standard Cargoes.
Minimum Requirements
The successful candidate must have a Bachelor Degree in Statistics, Commerce, Marketing, Engineering, Business Administration or closely related subject.
- Post-graduate education or equivalent experience in MBA/ Statistics/Economics is desirable.
- Deep knowledge of model development and utilization of MS Excel functions.
- Detailed understanding of downstream business and supply chain.
- Minimum of 8+ years of relevant professional experience (preferable in oil & gas downstream business), including 3+ years in field as data analytics including market research, corporate planning, business development).
- Must have excellent communication and interpersonal skills and work effectively in cross functional teams.