Economic Analyst

Saudi Aramco; Saudi Arabia; On-site; SAR 80,000 - 150,000; Full time

Job summary

An established industry player is on the lookout for a skilled Economic Analyst to join their Carbon Capture & Sequestration Department. This role involves developing economic models and conducting in-depth financial analyses to drive strategic decisions in carbon capture initiatives. You'll be pivotal in assessing project economics and mentoring junior analysts while staying abreast of market trends. Join a company that invests heavily in technology and talent development, offering a rewarding environment where your contributions can significantly impact global energy solutions.

Benefits

Competitive salary

Professional development programs

Challenging projects

Global exposure

Qualifications

• 10+ years of experience in financial modeling, especially in carbon capture.
• Strong expertise in economic and financial modeling skills.

Responsibilities

• Develop economic models for carbon capture and sequestration.
• Conduct project economic assessments and benchmarking.

Skills

Financial Modeling

Economic Analysis

Cost Competitiveness Assessment

MS Excel

Education

Bachelor's degree in Economics

Bachelor's degree in Finance

Engineering related degree

Tools

MS Excel

Job 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 seeking an Economic Analyst to join our Carbon Capture & Sequestration Department (CCS).

Carbon Capture & Sequestration department is responsible for the development and deployment of advanced technologies and strategies that enable a large-scale removal. It also handles permanent storage of carbon dioxide from industrial emissions.

As an Economic Analyst, you will develop and maintain economic models along with cost competitive analysis for carbon capture, utilization, sequestration transactions, derivative markets and businesses.

Duties & Responsibilities

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

• Develop a deep understanding of project economics for carbon capture, utilization and sequestration value chain


• Regularly report and present to management relevant economic analysis based on project configuration changes and other applicable factors


• Carry out end-to-end project economic assessments across the entire value chain, from feedstocks to various end-markets


• Conduct cost competitiveness and benchmarking of various projects


• Drive financial and economic assessments relating to potential investments, as well as strategic assessments of potential partners


• Assist in establishing and shaping pricing mechanisms, strategies for carbon capture, utilization and sequestration


• Develop an understanding of technologies and processes for carbon capture, utilization and sequestration


• Maintain various financial models for carbon capture, utilization and sequestration business, by monitoring and calculating IRR’s, cashflows, NPV’s, cash cost and conducting margin analysis


• Develop profit and loss analysis, as well as understand financial statements as well as gleaning relevant insights in regards to competitive assessments and benchmarking


• Mentor junior analyst, while keeping up-to-date with the market pricing and industry developments within carbon capture, utilization and sequestration business

Minimum Requirements

As a successful candidate you will hold a:

• Bachelor’s degree in Economics or Finance or engineering related degree.


• Minimum of ten (10) years of experience in financial modeling, including at least 5 years in carbon capture, utilization and sequestration business.


• Strong economic and financial modelling skills


• Expertise in using of MS Excel and other related software


• Substantial background in areas of financial management and economic analysis, commercial law, taxation and investments

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.