Unit / Department: Planning & Economics / Commercial
Reports To: Senior Economist
Summarize briefly the most important perform and objective of the place:
- The Economist is to liaises with: Asset Managers, Business Development Managers, Finance Managers, Investor Relations Professionals, Geologists, Geophysicists, Technical Leads, External Consultants to supply environment friendly, match for objective and commercially sturdy evaluation for determination help and statutory reporting.
- The Economist may even contribute to make sure environment friendly distribution of restricted monetary assets to the varied property throughout the group and consider the financial viability of potential acquisitions and/or divestments.
- The particular person will develop, analyze, and execute sound financial fashions that can drive strategic determination making and allocation of present assets.
- The Economist is predicted to make economically pushed suggestions via the usage of financial fashions, money flows and different methodologies.
- This course of will then allow OE R to judge proposals by way of the group’s priorities and monetary assets.
- Through the 12 months, the Economist will periodically monitor the asset portfolio by producing and reviewing stories to find out if undertaking s stay financial vis a vis modifications in forecasts, assumptions and present realities.
- If worth erosion happens between FID and precise efficiency, the supervisor shall be anticipated to put in writing a report explaining the worth erosion and recommending revised procedures to keep away from or alleviate deficits.
Major Responsibility Area:
- Identify the most important duties and duties completed by this place.
- Develops the fashions for industrial analysis and Decision evaluation
- Proactively evaluation and problem working effectiveness and prices and critique assumptions to make sure they’re real looking
- Works with the Asset Managers and different technical and industrial features , to supply financial fashions for the property and initiatives in OER’s portfolio
- Monitor commerciality of current initiatives within the funding portfolio.
- Evaluate potential property to determine viability for acquisition/divestment and merger targets.
- Research and provision of sensible finest apply in varied asset class analysis and threat analysis
- Monitoring and modeling of fiscal and financing surroundings variables regarding particular initiatives and property
- Conducts, market analysis, aggressive evaluation, asset benchmarking and particular topical analysis and evaluation as required.
- Complies with accepted determination making and monitoring methods, processes, procedures & insurance policies’ and ensures efficient controls are adhered to in dealing with job duties Responsibility for oversight and growth of the Economist(s)
- Supports the origination, closing and on-going administration of transactions.
Key Performance Indicators:
- Quality, comprehensiveness, timeliness and accuracy of information supplied for evaluation.
- Quality and depth of analysis and evaluation
- Accuracy and timeliness of output for Decision making and to fulfill statutory reporting timelines
- Creativity and innovativeness.
- Initiative and enthusiasm, fixed self-improvement
- Adherence to insurance policies, processes and procedures.
- Undergraduate Degree in Petroleum disciplines or Business / Economics or different related fields from a good college.
- Postgraduate diploma in economics or petroleum or vitality associated disciplines are a plus however not essentially required.
- 3 – 5 years’ put up NYSC expertise in an operator surroundings (e.g. Planning, Business Development) or a strongly numerical and analytical position in Finance or Asset Management; alternatively 4 – 6 years in a non-operating firm in related roles
- Talented, inventive and with robust Business industrial worth acumen.
- Competent application of petroleum economics, threat and determination science and Nigerian fiscal phrases.
- Advanced competencies in utilizing Excel, Word and PowerPoint software program packages.
- Ability to construction and develop complicated fashions and transactions, and interrogate position particular software program.
- Provide competent evaluation of third social gathering industrial evaluations and any enterprise evaluation engagement of the industrial analysis course of and deliverables
- Outstanding monetary modeling abilities: numerical & analytical abilities, and presentation abilities.
- Expert understanding of Oil & Gas Industry Dynamics.
- Networking & Relationship Management.
- Able to entry the larger image, however snug working inside a element pushed surroundings
- Business efficiency monitoring and reporting.
- Strong analysis & Prospecting Skills. Able to dig up information and knowledge rapidly
- Interpersonally robust with superior presentation abilities and the flexibility to affect all ranges throughout the group
- Basic information of IPO’s, capital elevating and Mergers and Acquisitions
- Creativity and innovation.