Techno-economic Modeling Specialist

Saudi Aramco; As Sudiyah; On-site; OMR 36,000 - 51,000; Full time

Job summary

Saudi Aramco is seeking a Techno-economic Modeling Specialist to join the Technology Strategy & Planning Department. The role focuses on economic and financial analysis of technology development, deployment and licensing opportunities.

You will build financial models, evaluate profitability and risk, and support strategic decision-making across technology programs and portfolio assessments within TOC.

Qualifications

• Bachelor’s degree in Engineering, Statistics, Economics or related field.
• 13+ years of professional experience with 5+ years in energy/chemicals and/or consulting.
• Experience with techno-economic evaluation and risk modelling.
• Knowledge of AI, data analytics and sustainable technologies is a plus.

Responsibilities

• Support strategic option analysis and inform product development strategies via cost-benefit assessments and data-driven analysis.
• Analyze trends and market intelligence to support business cases for technology projects.
• Create financial models and establish the value of technologies for potential commercial applications.
• Develop robust financial cases for internally developed technologies using techno-economic models.
• Provide financial and economic insights for evaluating technology project performance.
• Support deployment, licensing opportunities, and reporting of value realized from technologies.
• Develop, manage and assure the quality of economic modelling tools.
• Review and improve financial models and maintain license/portfolio repository.

Skills

Economic modelling

Financial analysis

Quantitative methods

Data analytics

Education

Bachelor's degree in Engineering or Economics

MBA/CFA preferred

Tools

Excel

Power BI

SQL

R/MatLab

Job description

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.

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 currently seeking a Techno-economic Modeling Specialist to join our Technology Strategy & Planning Department (TSPD).

TSPD are responsible to provide high-impact leadership and support across the technology life-cycle, from strategy setting to value realization and sustainable growth, and partner with corporate and business stakeholders to integrate new technologies into the company’s strategies and investment plans.

Your primary role will be to 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.

Key Responsibilities

As the successful candidate you will be required to perform the following:

• Support strategic option analysis and inform key product development strategies via provision of cost-benefit assessments and analysis, measurable business value drivers, data-driven analysis, product analytics, decision making process, as well as validation of economic and risk assumptions; present findings and recommendations based on analysis to senior management decision making.
• 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 key performance measures.
• 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.

Minimum Requirements

• You must hold a Bachelor’s degree in Engineering (Chemical, Electrical, Software, Material, Mechanical etc), Statistics, Data Analytics, Economics, Econometrics, Business Administration, or a related discipline. An advanced degree or financial certification (MBA/Finance/CFA) is highly preferred.
• You should a minimum of 13 years professional experience, including a minimum of 5 years in leading organizations in the energy or chemicals sector, and/or with leading management consulting firm(s); and 5 years’ conducting incremental, cost-benefit/effectiveness, commercial deal structuring and budget impact analyses for decision making, using mathematical, economic or statistical modelling tools and techniques, such as decision tree analysis, Markov modelling, and/or discrete event simulations, including Monte Carlo simulations and real options, risk adjustment, and risk management.
• You must be able to demonstrate in-depth knowledge and understanding of one or more relevant core businesses (downstream refining, petrochemicals, midstream, and upstream) and emerging technologies related to corporate sustainability (Artificial intelligence, Predictive/Data analytics, Software development, industrial sensoring and monitoring; nonmetallic/advanced materials and sustainable plastics, Circular carbon economy, CO2 capture, utilization and storage).
• You should also possess the ability to develop insights for quantitative decision making from market research to technology business case development; mastery in quantitative economic and financial analysis, portfolio modelling and technology valuation, including: incremental, risk-adjusted, cost-benefit, variance and scenario analyses, NPV, and sensitivity analysis, using a range of tools and applications (Microsoft Excel, Power-Bi, SQL, SAS, R, MatLab, Tableau, and/or other VBA type software to analyze complex and large data sets, Planisware, or similar tools for portfolio and project management).

Work Location and Work Schedule

Work location: Within Saudi Arabia – To be specified in Job offer

Work schedule: Full Time – To be specified in Job offer

Job Posting Duration

Job posting start date: 08/27/2026

Job posting end date: 08/26/2027

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.

Job ID: 18376

Tagged as: Technology Strategy & Planning Dept