Technical and Economic Modeling Specialist

Job description

the employer stimulates the global economy. the employer occupies a special place in the global energy industry. We are one of the world's largest producers of hydrocarbon energy and chemicals, with the lowest upstream carbon intensity of any major producer. Through our significant investments in technology and infrastructure, we strive to maximize the value of the energy we produce to the world and are committed to enhancing the employer’s value to society. Headquartered in Saudi Arabia, with offices around the world, we combine market discipline with a generational vision for the future, stemming from our nine decades of experience as responsible stewards of the Kingdom's vast hydrocarbon resources. This responsibility has led us to deliver significant societal and economic benefits not only to the Kingdom, but also to a large number of communities, economies and countries that depend on the vital, reliable energy we supply. We are one of the most profitable companies in the world, as well as among the five largest global companies by market capitalization. Overview We are currently looking for a Techno-Economic Modeling Specialist to join our Technology Strategy and Planning Department (TSPD). TSPD are responsible for providing high-impact leadership and support across the technology lifecycle, from strategy development through value creation 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 rolling out improved technology management processes across the company, with responsibility for supporting Technical and economic assessment and strategic decision-making processes in a technology organization. This vital role enables optimal value from technology by providing accurate, timely and detailed analysis of economic, financial and commercial data related to technology development and demonstration and deployment opportunities. Key Responsibilities As the successful candidate, you will be required to perform the following: Support the analysis of strategic options and communicate key product development strategies by providing cost benefit assessments and analyses, measurable business value drivers, data-driven analysis, product analytics, and decision-making process, as well as validating economic and risk assumptions, and presenting findings and recommendations based on the analysis to senior management decision-making. Analyze trends and market information to support the development of business cases (and value hypotheses) for technology projects going through the corporate technology stage gate process. Create financial models and determine the value of technologies for potential commercial applications, i.e. support technology development, deployment, and out-licensing efforts. Support technology project teams in developing a strong financial case for internally developed technologies, including technical and economic models to evaluate investment in technologies in the stage-gate process. Provide detailed financial and economic insights to evaluate technology project performance by analyzing relevant data against key performance metrics. Support technology development, demonstration, internal publishing and external marketing opportunities, including implementing robust publishing plans. This includes tracking the value achieved from technology Published and reported accurately, in addition to supporting internal and external reviews of relevant financial data. Provide input to help evaluate licensing opportunities to enable favorable licensing terms. Develop, manage and ensure the quality of economic modeling tools used in TOC. Periodically review and improve financial models, maintain and update license repository and portfolio status on all approved technology/innovation applications. Work flexibly across TOC and/or R&D areas as required. Share and transfer knowledge of technical and economic evaluation fundamentals to increase financial acumen in the organization. Minimum Requirements • Must have a bachelor's degree in engineering (chemical, electrical, software, materials, mechanical and other), statistics, data analytics, economics, econometrics, business administration, or a related discipline. Advanced degree or finance certification (MBA/Finance/CFA) strongly preferred. • Must have at least 13 years of professional experience, including at least 5 years in leading organizations in the energy or chemicals sector, and/or with a leading management consulting firm(s), and 5 years performing incremental cost-benefit/effectiveness analyses, business deal structuring and budget impact for decision making, using mathematical, economic or statistical modeling tools and techniques

Requirements

• Share and transfer knowledge of technical and economic evaluation fundamentals to increase financial acumen in the organization.
• Minimum Requirements
• Must have a bachelor's degree in engineering (chemical, electrical, software, materials, mechanical and other), statistics, data analytics, economics, econometrics, business administration, or a related discipline.
• Advanced degree or finance certification (MBA/Finance/CFA) strongly preferred.

Skills