Corporate Economist
Saudi Arabia || 164 Days Ago
Saudi Arabia
Description
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity 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
The Decision Support & Risk Management Department (DS&RMD) in the Strategy & Markets (SMA) organization is looking for a Corporate Economist.DS&RMD is responsible for developing and maintaining the Economic Evaluation Guidelines (EEG) as well as supervising their application during the review of all projects that reach the Group Investment Committee. DS&RMD are also responsible for developing estimates of the cost of capital to be used in discounted cash flow analysis for valuation, capital budgeting, and investment analysis.
Key Responsibilities
To strengthen the current team, DS&RMD are looking for a corporate economist with strong quantitative and financial modeling skills. The incumbent will apply microeconomic concepts and corporate finance to solve business problems and will participate in the development of financial models for project appraisal. Key duties and responsibilities include the following:
Maintain a systematic framework for determining discount rates for valuation analysis and financial reporting purposes.
Identify and assess key sources of risk and uncertainty that may affect the cost of capital and discount rate assumptions.
Provide recommendations to management on investment decisions and financing options based on cost of capital decisions.
Work closely with project teams and financial analysts to validate discount rate assumptions and ensure alignment with industry standards and best practice
Participate in improving and developing the Economic Evaluation Guidelines. and apply them in novel and innovative ways to a wide variety of projects, including sustainability, carbon abatement, exploration, R&D, acquisitions, greenfield projects, financial structures, and contracts.
Discern future economic and financial trends from market data. Use forward-looking financial market data to calculate parameters for project evaluation.
Collaborate with colleagues from various departments, including finance and corporate strategies, to integrate economic analysis into business planning processes and corporate decision-making frameworks.
Undertake ad hoc analysis on issues related to economic analysis, corporate finance, and investment appraisal. In doing so, design and conduct empirical economic studies, test theoretical concepts and ideas with data and frame real-world problems in terms of micro-economic models.
Minimum Requirements
Bachelor's Degree in Finance, Management Information Systems, Statistics, Economics or related specialty, with strong quantitative focus
Graduate degree in a relevant discipline and financial certifications (CFA, FRM) strongly preferred.
Solid grasp of applied and empirical microeconomics, including industrial organization; econometrics, and financial economics.
Self-starter with excellent financial and/or economic modelling skills gained through increasingly senior roles in quantitative modeling, ideally in the energy and commodities sector, an economic consultancy or a financial institution.
Excellent communication skills with the ability to distill complex economic concepts into clear and actionable insights for diverse audiences
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.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity 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
The Decision Support & Risk Management Department (DS&RMD) in the Strategy & Markets (SMA) organization is looking for a Corporate Economist.DS&RMD is responsible for developing and maintaining the Economic Evaluation Guidelines (EEG) as well as supervising their application during the review of all projects that reach the Group Investment Committee. DS&RMD are also responsible for developing estimates of the cost of capital to be used in discounted cash flow analysis for valuation, capital budgeting, and investment analysis.
Key Responsibilities
To strengthen the current team, DS&RMD are looking for a corporate economist with strong quantitative and financial modeling skills. The incumbent will apply microeconomic concepts and corporate finance to solve business problems and will participate in the development of financial models for project appraisal. Key duties and responsibilities include the following:
Maintain a systematic framework for determining discount rates for valuation analysis and financial reporting purposes.
Identify and assess key sources of risk and uncertainty that may affect the cost of capital and discount rate assumptions.
Provide recommendations to management on investment decisions and financing options based on cost of capital decisions.
Work closely with project teams and financial analysts to validate discount rate assumptions and ensure alignment with industry standards and best practice
Participate in improving and developing the Economic Evaluation Guidelines. and apply them in novel and innovative ways to a wide variety of projects, including sustainability, carbon abatement, exploration, R&D, acquisitions, greenfield projects, financial structures, and contracts.
Discern future economic and financial trends from market data. Use forward-looking financial market data to calculate parameters for project evaluation.
Collaborate with colleagues from various departments, including finance and corporate strategies, to integrate economic analysis into business planning processes and corporate decision-making frameworks.
Undertake ad hoc analysis on issues related to economic analysis, corporate finance, and investment appraisal. In doing so, design and conduct empirical economic studies, test theoretical concepts and ideas with data and frame real-world problems in terms of micro-economic models.
Minimum Requirements
Bachelor's Degree in Finance, Management Information Systems, Statistics, Economics or related specialty, with strong quantitative focus
Graduate degree in a relevant discipline and financial certifications (CFA, FRM) strongly preferred.
Solid grasp of applied and empirical microeconomics, including industrial organization; econometrics, and financial economics.
Self-starter with excellent financial and/or economic modelling skills gained through increasingly senior roles in quantitative modeling, ideally in the energy and commodities sector, an economic consultancy or a financial institution.
Excellent communication skills with the ability to distill complex economic concepts into clear and actionable insights for diverse audiences
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.
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