Downstream Pricing Analyst

Company profile; Saudi Arabia; On-site; SAR 299,000 - 413,000; Full time

Job summary

A leading energy firm is seeking a Downstream Pricing Analyst to optimize pricing strategies in the oil & gas sector. This role requires a Bachelor's Degree and at least 8 years of experience in downstream business, focusing on price forecasting and data analytics. The position offers challenging projects and opportunities for professional development.

Qualifications

• 8+ years of relevant professional experience in oil & gas downstream business.
• Experience as data analytics including market research and corporate planning.
• Deep knowledge of the downstream business and supply chain.

Responsibilities

• Develop and enhance price forecast visualization tool.
• Compute and issue transfer prices daily.
• Coordinate with stakeholders to validate price implementation.

Skills

Model development

MS Excel functions

Communication skills

Interpersonal skills

Education

Bachelor Degree in Statistics, Commerce, or related

Post-graduate education in MBA/Statistics/Economics

Job description

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 until 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 uplift 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, 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.

Job Post Duration

Job posting start date: 07/03/2025

Job posting end date: 12/31/2025

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.