Purpose of the Job
• Provides techno-commercial and economic analysis and investment opportunities evaluation to support development of growth opportunities and enhancement of profitability, including the review of commercial aspects of all company identified Upstream assets. Initiates and prepares feasibility study for all Upstream new venture projects. Initiates and generates company economic matrix to guide decision making. Coordinates with all concerned company Organizations to develop and integrated commercial analysis and investment evaluation.
Key Accountabilities
Description
Duties and Responsibilities
• Supervises data gathering, QC’ing and validation of all input commercial parameters in projects commercial analysis and evaluation.
• Oversees, develops and maintains a detailed commercial analysis workflow covering various scenarios, incorporating input from all concerned parties.
• Coordinates with Finance Group to set appropriate input/output data and format for proper analysis in line with Corporate Standards.
• Continuously searches global market trends to identify and classify risk elements for all company proposed and existing projects.
• Coordinates and Communicates with Legal Department for necessary consultation on legal aspects of all Upstream Projects.
• Initiates, Supervises and carries out economic analysis for a variety of business opportunities including proposed and new investments, and growth areas.
• Carefully audits and reviews commercial terms of major agreements and provides thoughtful detailed analysis.
• Sets, maintains, and updates company Upstream investment Selection criterion in line with Corporate Strategy.
• Interacts with Finance and Legal Groups to exchange and update commercial and legal screening parameters.
• Prepares reports and presentations to Upstream management on a detailed commercial analysis and evaluation of all proposed investment opportunities.
• Supervises the development of a Commercial analysis and Asset Evaluation system to benefit planning activities, inclusive of determining the appropriate computer software, approving sources and nature of data and controls the overall implementation and updating of the system.
• Supervises the development of various computer models to be used in the analysis, evaluation and planning processes.
• Develops, Maintains an awareness of opportunities due to current developments and methodology in economic analyses areas and market trends and information concerning demand/pricing of oil and gas in the international market place.
• Supervises interface activities with parties outside of company pertaining to coordination, cooperation, and business relations between other projects and ventures.
• Sets commercial screening parameters and guidelines following international standards.
Strategic Contribution
• Operates within a clear reporting framework, and enjoys a large degree of autonomy in developing plans and strategies, with business goals driving performance
• Coordinates between concerned departments to prepare profit plans.
Development and Performance
• Supervises and oversees all staff in his section and ensures proper staff performance evaluation, QC and all administrative aspects.
• Coordinates with Business Development and Upstream core business to identify the growth opportunities.
• Works with senior management team to prepare a portfolio of opportunities ranked from commercial aspects.
• Provides support to the Finance team for development of the financial Information memoranda, technical and commercial due diligence, and ongoing performance reviews.
Policies, Systems, Processes & Procedures
• Works in accordance with Company policies, objectives of the Company, directives from Management and Planning/engineering standards
Quality, Health, Safety, & Environment
• Ensures that the Company’s occupational safety and health and environment policy is effectively implemented in all areas of work under his control, reducing unfavourable trends and ensures that corrective actions are promptly implemented. Develops safety plans and programs in coordination with the HSE Department, to ensure that all subordinates are competent to carry out their work and fully aware of all hazards. Evaluates the impact of all activities under his responsibility on the environment by participating in the development, implementation and monitoring of a sound environment protection program.
Related Assignments
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Qualifications & Experience
Minimum Qualifications and Knowledge:
• Bachelor’s degree in a Technical Subject, Economics, Business administration or a related field, ideally complemented by an MBA.
Experience:
• +15 years’ experience in the Oil industry, with significant preparation in an economic analysis functions
Job specific skills & competencies:
• Computer literacy, including the use of economic models, spreadsheets and database systems.
• A high level of proficiency in written and spoken English
Internal & External Contacts:
Internal:
• Continuous Internal contacts with Upstream Core and support functions, Business Development and Investment Functions to exchange information and data necessary for his task. Continuous contacts with Finance Department to exchange input/output data and all processes necessary for Techno-commercial analysis and evaluation of all company projects.
External:
• Regular contacts with Legal Department for necessary consultation and feedback on legal aspects of all opportunities. Outside periodic contacts with peers in oil operating companies to discuss plans/business and to obtain data and their opinions on various options.
Problem Solving & Decision Making
• Key player in Economic Evaluation of Projects and Opportunities to assist management in Decision making.
• Recommends procedures and processes and sets company Upstream Business Financial Matrices.
• Makes recommendations which can have a major impact on Company CAPEX, OPEX and profits, especially regarding recommendations for new business options.
Benefits :
1. TAX FREE SALARY
2. INDEFINITE CONTRACT
3. FURNISHING GRANT ALLOWANCE ( AS per policy )
4. GLOBAL MEDICAL INSURANCE FOR SELF AND FAMILY (UP TO 4 CHILDREN)
5. DENTAL CARE AS PER POLICY
6. LIFE INSURANCE EQUIVILANT TO 3 TIMES ANNUAL BASIC SALARY OR QAR200,000 WHICHEVER IS GREATER
7. SHIPPING PAYMENT 300 KG PER ADULT & 20 KG PER CHILD (UP TO 4 CHILDREN)
8. 37 WORKING DAYS ANNUAL LEAVE (EQUIVALENT TO 51 CALENDAR DAYS)
9. 10 WORKING DAYS (OFFICIAL HOLIDAYS)
10. EDUCATIONAL ASSISTANCE (UP TO 4 CHILDREN)
11. ANNUAL PERFORMANCE BONUS AS DETERMINED BY MANAGEMENT (NON-GUARENTEED)
12. PERFORMANCE BASED ANNUAL SALARY INCREMENT AS DETERMINED BY MANAGEMENT
13. FREE OF INTEREST CAR LOAN ( AS per policy )
14. HEALTH CLUB MEMBERSHIP ALLOWANCE ( AS per policy )
