Downstream Pricing Analyst

Aramco Overseas Company UK Ltd; Dhahran Compound; On-site; USD 60,000 - 120,000; Full time

Job summary

An established industry player is seeking a Downstream Pricing Analyst to join their Global Optimizer Development Department. This role focuses on optimizing crude allocation and enhancing price forecast tools to maximize revenue and profitability. The ideal candidate will possess a strong background in data analytics and market research, with a Bachelor's degree in a relevant field and extensive experience in the oil and gas downstream sector. The company offers a dynamic working environment, emphasizing talent development and significant investment in technology. If you are driven by challenges and eager to contribute to a leading organization, this opportunity is for you.

Qualifications

• 8+ years of relevant experience in the oil & gas downstream sector.
• Strong knowledge of model development and data analytics.

Responsibilities

• Develop and enhance price forecast visualization tools.
• Coordinate with stakeholders to validate price implementation.
• Calculate daily transfer prices and issue forecasts.

Skills

Statistical Analysis

Data Analytics

Market Research

Communication Skills

Interpersonal Skills

Education

Bachelor's degree in Statistics, Commerce, Marketing, Engineering, Business Administration

Postgraduate education or equivalent experience (MBA, Statistics, or Economics)

Tools

MS Excel

Job description

Aramco energizes the world economy.

Aramco holds a prominent position in the global energy industry. We are among the world's largest producers of hydrocarbons and chemicals, with some of the lowest upstream carbon intensities among major producers.

Through significant investments in technology and infrastructure, we aim to maximize the value of the energy we produce while enhancing Aramco's societal value.

Headquartered in Saudi Arabia with offices worldwide, we combine market discipline with a long-term vision, drawing on our nine decades of experience as responsible stewards of the Kingdom's vast hydrocarbon resources. This responsibility drives us to deliver societal and economic benefits to the Kingdom and to communities, economies, and countries relying on our vital energy supply.

We are one of the most profitable companies globally and rank among the top five by market capitalization.

Overview

We are seeking a Downstream Pricing Analyst to join our Global Optimizer Development Department (GOD).

The GOD's mission is to optimize crude allocation and the operation of global manufacturing facilities to maximize revenue, increase profitability, and seize international market opportunities.

Your primary responsibilities include developing and enhancing a price forecast visualization tool, computing and issuing transfer prices, and coordinating with stakeholders to validate price implementation. You will serve as the main source for forecasts related to refined products, crude, chemicals, and freight for the Global Optimizer team and Affiliates.

Key Responsibilities

1. Develop, maintain, and improve price forecast visualization tools.
2. Collaborate with the Pricing Insights and Market Analysis team and Asset Economists to gather information on global market events and trends.
3. Collect data from forward curves, market premiums or discounts, freight costs, and other transfer price components.
4. Calculate daily transfer prices for the planning cycle from month to month +3.
5. Coordinate with Asset Economists and market insights for review and validation of prices.
6. Weekly issue of price forecasts to Asset Economists for opportunity identification and margin estimation.
7. Issue actual transfer prices monthly for review and adjustments.
8. Conduct periodic reviews of forecasting accuracy and identify trends.
9. Perform random checks and support the accounting department to ensure quality of prices on standard and non-standard cargoes.

Minimum Requirements

The candidate must hold a Bachelor's degree in Statistics, Commerce, Marketing, Engineering, Business Administration, or a related field.

1. Postgraduate education or equivalent experience in MBA, Statistics, or Economics is preferred.
2. Strong knowledge of model development and MS Excel functions.
3. Understanding of downstream business and supply chain processes.
4. At least 8 years of relevant experience, preferably in the oil & gas downstream sector, including 3 years in data analytics, market research, corporate planning, or business development.
5. Excellent communication and interpersonal skills, with the ability to work effectively in cross-functional teams.

Working Environment

Our high-performing employees are attracted by challenging and rewarding opportunities supported by significant investment in capital and technology. We prioritize talent development, offering extensive training programs to enhance sector-specific knowledge and skills, making our workforce development one of the largest globally.