Techno-economic Modeling Specialist

Saudi Aramco (ASC); Saudi Arabia; On-site; SAR 120,000 - 180,000; Full time

Job summary

Saudi Aramco (ASC) is seeking a Techno-economic Modeling Specialist to join the Technology Strategy & Planning Department. The role emphasizes techno-economic evaluation, financial analysis, and strategic decision support across the technology lifecycle.

You will build financial models, support technology development and deployment decisions, and assess licensing opportunities to maximize value realization from deployed technologies.

Qualifications

• Bachelor's degree in engineering, statistics, economics or related field.
• 13+ years professional experience in energy/chemicals or leading management consulting firms.
• 5+ years leading organizations and conducting techno-economic analyses for decision making.
• Expertise in economic modelling tools and portfolio valuation, including NPV, risk analysis, and scenario analysis.

Responsibilities

• Provide techno-economic evaluation and business case support for technology projects through the stage-gate process.
• Create financial models and evaluate value of technologies for deployment, licensing, and commercialization.
• Analyze market trends and develop business cases and value hypotheses for technology initiatives.
• Support deployment and licensing opportunities with robust financial justifications and performance tracking.

Skills

Financial modelling

Econometrics

Decision analysis

Portfolio modelling

Data analytics

Education

Bachelor's degree in Engineering or related

MBA/Finance/CFA preferred

Tools

Excel

Power BI

SQL

R

SAS

Tableau

Job description

We are currently seeking a Techno-economic Modeling Specialist to join our Technology Strategy amp 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

• 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 amp D domains as required Share and transfer techno-economic evaluation fundamentals knowledge to increase financial acumen in the organization

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

Working environmentOur 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

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).