Downstream Pricing Analyst - Relocate to Saudi Arabia

Natural Factors; Calgary; On-site; CAD 80,000 - 110,000; Full time

Job summary

An established industry player is looking for a Downstream Pricing Analyst to enhance price forecasting tools and coordinate pricing strategies. This pivotal role involves analyzing market trends and ensuring accurate price implementation across various stakeholders. With a focus on optimizing crude allocation and maximizing profitability, the successful candidate will leverage their extensive experience in the oil and gas sector. Join a dynamic team where your analytical skills and business acumen will directly impact global operations and revenue generation. If you are ready to take on a challenging role that drives strategic decisions, this opportunity is perfect for you.

Qualifications

• 8+ years of experience in oil & gas downstream business with data analytics.
• Deep knowledge of model development and MS Excel functions.

Responsibilities

• Develop and maintain price forecast visualization tools.
• Compute and issue transfer prices and coordinate with stakeholders.

Skills

MS Excel

Data Analytics

Market Research

Communication Skills

Interpersonal Skills

Education

Bachelor Degree in Statistics, Commerce, Marketing, Engineering, or Business Administration

Post-graduate education or equivalent in MBA/Statistics/Economics

Job description

Candidates must relocate to Saudi Arabia.

Downstream Pricing Analyst - Req ID: 15662

Overview

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.

Key Responsibilities

• 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

• Bachelor Degree in Statistics, Commerce, Marketing, Engineering, or Business Administration.
• Post-graduate education or equivalent 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 experience 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.