Saudi Aramco
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.
Job Purpose
Strategy & Market Analysis seeks to appoint a Pricing Specialist to join the Pricing Group under Global Analysis Department.
The core function of the SMA organization is to advise the company’s management and guide other departments within the company on energy markets and outlooks, economic evaluations, oil pricing, macroeconomic outlook, and international energy policies and regulations, besides assisting in business planning and strategy formulation. SMA serves as the center of expertise on the application of economic principles and assumptions to business issues throughout the company.
The Pricing Specialist will be responsible for developing and maintaining the company’s crude oil pricing recommendations and valuation models, as well as developing short-term pricing forecasts. This work helps to drive the company’s domestic and international crude oil pricing strategy decisions.
Responsibilities
The Pricing Specialist will serve as advisor to Corporate Management and other company organizations regarding oil pricing issues encompassing the following:
Developing regular reports on the oil markets and crude oil valuation
Understanding of Linear Programming based crude valuation models
Development and maintenance of market models to support decision making
Development of short-to-mid -term price forecasts
Provides expert judgment, by way of thorough analysis, on queries from management on strategic issues
Regularly interacts with other professionals in various company organizations, especially marketing, involved in crude oil and product placement.
Assists in the training, development and mentoring of younger staff.
Education & Experience Requirements
Bachelor’s Degree in Engineering (Mechanical, Chemical, or related areas)
At least 15 years of experience in oil refining and/or marketing with five or more years of relevant experience in a planning function combined with at least 10 years of industry experience.
Thorough understanding of crude oil and product markets and factors related to their movement.
Solid understanding of the use and limitations of investment evaluations and economic optimization.
Sufficient understanding of oil refining basics necessary to conduct insightful analysis of crude oil markets and prices
Specific experience in the oil trading business would be a plus.
Experience with refinery planning and linear programming would be a strong advantage.
Ability to look at situations both from a general perspective as well as to penetrate into issues in depth when required.
Proven ability to interface and effectively communicate with management at all levels within the organization.
Strong written and oral communication skills. Able to communicate complex technical, economic and commercial concepts in a clear and succinct manner to individuals and groups from diverse professional backgrounds.
A person with poise and maturity who will immediately gain the professional respect of other professionals with long experience working in the industry. Person whom others, at all levels, will seek out for advice and counsel.
Able to work effectively within small teams, with minimum supervision and on relatively unstructured tasks.
Certificates
Data not available
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.
To apply for this job please visit careers.aramco.com.
Be the first to comment