Downstream Pricing Analyst (18371)

Overview

Duties & Responsibilities

• As the successful candidate you will be required to perform the following:
• 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 till 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 up lift 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

• The successful candidate must have a 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.

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
• 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.