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Oct 15, 2020

Senior Economist

  • Abu Dhabi National Oil Company
  • Abu Dhabi
Full time Admin-Clerical

Job Description

 

JOB PURPOSE:

 

Carry out fundamental business, financial, and economic analysis for all Downstream investments that are under consideration, businesses, in addition to economic studies. Undertake economics and feasibility studies. Manage and rank Downstream Directorate’s investment portfolio. The fundamental analysis enables senior management to make informed investment and business decisions. Ensure Investments in Downstream Projects comply with ADNOC goals of unlocking and maximizing value and corporate investment guidelines.

 

KEY ACCOUNTABILITIES:

 

Economic Analysis

 

Develop and demonstrate an understanding to assess investment proposals to determine suitable investment strategies and opportunities.

Ensure Downstream projects and investments comply with Investments Governance Framework (IGF) or any other applicable policy

Develop and maintain economic tools and fit-for-purpose analysis (such as risk analysis) to support Downstream Directorate business ensuring timely challenge and guidance in making informed investment decisions

Conduct business, economic, and financial evaluations for all types of investments under consideration (e.g. greenfield, brownfield, joint ventures, mergers and acquisition), business cases, and economic studies in Downstream

Keep up to date with market and industry and issue reports on relevant markets and industries

Prepare an investment case or appraisal presentations to ADNOC Management Investment Committee (MIC) or any other applicable ADNOC Management committees

Assist the Department Manager to ensure that the Department’s long and short term plans for investments, business cases and economic studies evaluation are in line with ADNOC objectives.

Provide Downstream Group Companies with professional analytical and economical support

Analyze and assess economic cases presented by Downstream Directorate and its Group Companies.

Assist the Department Manager to ensure that the Department’s long and short term plans for investments, business cases and economic studies evaluation are in line with ADNOC objectives.

Supervision

 

Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.

Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.

Budgets

 

Provide input for preparation of the Section / Department budgets and assist in the implementation of the approved Budget and work plans to deliver Section objectives.

Investigate and highlight any significant variances to support effective performance and cost control.

Policies, Systems, Processes & Procedures

 

Implement approved Section / Department policies, processes, systems, standards and procedures in order to support execution of the Section’s / Department work programs in line with Company and International standards.

Performance Management

 

Contribute to the achievement of the approved Performance Objectives for the Section / Department in line with the Company Performance framework.

Innovation and Continuous Improvement

 

Design and implement new tools and techniques to improve the quality and efficiency of operational processes.

Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards in order to define intelligent solutions for issues confronting the function.

Health, Safety, Environment (HSE) and Sustainability

 

Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.

Reports

 

Provide inputs to prepare Section MIS and progress reports for Company Management.

 

 

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:

Minimum Qualification

 

Bachelor Degree in Finance, Business Management and/or Economics

Minimum Experience & Knowledge & Skills

 

10 years of relevant professional experience including 5 years specifically in the Oil & Gas / Downstream industry.

 

 

JOB PURPOSE:

 

Carry out fundamental business, financial, and economic analysis for all Downstream investments that are under consideration, businesses, in addition to economic studies. Undertake economics and feasibility studies. Manage and rank Downstream Directorate’s investment portfolio. The fundamental analysis enables senior management to make informed investment and business decisions. Ensure Investments in Downstream Projects comply with ADNOC goals of unlocking and maximizing value and corporate investment guidelines.

 

 

 

KEY ACCOUNTABILITIES:

 

Economic Analysis

 

Develop and demonstrate an understanding to assess investment proposals to determine suitable investment strategies and opportunities.

Ensure Downstream projects and investments comply with Investments Governance Framework (IGF) or any other applicable policy

Develop and maintain economic tools and fit-for-purpose analysis (such as risk analysis) to support Downstream Directorate business ensuring timely challenge and guidance in making informed investment decisions

Conduct business, economic, and financial evaluations for all types of investments under consideration (e.g. greenfield, brownfield, joint ventures, mergers and acquisition), business cases, and economic studies in Downstream

Keep up to date with market and industry and issue reports on relevant markets and industries

Prepare an investment case or appraisal presentations to ADNOC Management Investment Committee (MIC) or any other applicable ADNOC Management committees

Assist the Department Manager to ensure that the Department’s long and short term plans for investments, business cases and economic studies evaluation are in line with ADNOC objectives.

Provide Downstream Group Companies with professional analytical and economical support

Analyze and assess economic cases presented by Downstream Directorate and its Group Companies.

Assist the Department Manager to ensure that the Department’s long and short term plans for investments, business cases and economic studies evaluation are in line with ADNOC objectives.

Supervision

 

Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.

Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.

Budgets

 

Provide input for preparation of the Section / Department budgets and assist in the implementation of the approved Budget and work plans to deliver Section objectives.

Investigate and highlight any significant variances to support effective performance and cost control.

Policies, Systems, Processes & Procedures

 

Implement approved Section / Department policies, processes, systems, standards and procedures in order to support execution of the Section’s / Department work programs in line with Company and International standards.

Performance Management

 

Contribute to the achievement of the approved Performance Objectives for the Section / Department in line with the Company Performance framework.

Innovation and Continuous Improvement

 

Design and implement new tools and techniques to improve the quality and efficiency of operational processes.

Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards in order to define intelligent solutions for issues confronting the function.

Health, Safety, Environment (HSE) and Sustainability

 

Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.

Reports

 

Provide inputs to prepare Section MIS and progress reports for Company Management.

 

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:

Minimum Qualification

 

Bachelor Degree in Finance, Business Management and/or Economics

Minimum Experience & Knowledge & Skills

 

10 years of relevant professional experience including 5 years specifically in the Oil & Gas / Downstream industry.

 

Interested candidates can send their CV


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