Senior Specialist, Project Economics
Job description / Role
Employment: Full Time
Job purpose:
Execute all economic modelling, analysis, evaluation and transactions pertaining to the successful delivery of the company portfolio including both national and international projects executed in cooperation with joint venture partners.
Support in integrating all economic data from commercial and engineering workstreams into feasibility study activities, pre-Feed, Feed etc. on individual projects.
Provide advice to the management in the financial/economic decision making across managed projects.
Key accountabilities
Projects economics
Execute economic modelling, analysis and evaluation on projects managed and provide direction and advice on all projects in the project funnel managed, both internationally and nationally in relation to the economic viability and risk related to the projects.
Support structuring and developing opportunities in a way that has a strong strategic fit with the endorsed strategy through the entire deal cycle with the aim of successful culmination in the form of formal agreements.
Support negotiations on individual projects with economic, financial and commercial insights.
Support and ensure that the right projects are being selected to progress based on feasibility and financial and economic criteria.
Ensure that proposed solutions are achievable and consistent in their approach across the project portfolio and aim to deliver maximum value to TA'ZIZ.
Support techno-economic feasibility studies, including pre-FEED and FEED studies of new projects to deliver growth and economic value from downstream projects.
Communications & working relationships:
Internal- Regular work related contact with VP and team members.
- Contacts with functional heads and department managers for gathering business information needs, sharing market intelligence, etc.
- Government authorities, such as Abu Dhabi Executive Council, Ministry of Energy, Department of Economic Development, Abu Dhabi Investment Authorities and Gulf Cooperation Council, etc.
- Regular contacts with top management of national shareholders, customers, suppliers and joint venture partners in discussions and negotiations.
- Regular contacts with ADNOC and Abu Dhabi subsidiaries, ventures, partners and technical collaborators, project and business.
Qualifications, experience, knowledge & skills:
Minimum qualification
Bachelor's degree in economics, engineering, finance or relevant disciplines with supporting experience. Master's degree or MBA is preferred.
Minimum experience & knowledge & skills
8 years or more of industry experience in the commercial and economic evaluation of downstream projects.
Job Function: Finance, Business Analysis & ConsultingCompany Industry: Oil & Gas
About the Company
We are one of the world's leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.
We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.
Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.
Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.
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