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For Companies At a Glance
- Tasks: Lead economic analysis for Low Carbon Hydrogen projects and develop financial models.
- Company: Join Aramco, a global leader in energy, focused on innovative hydrogen solutions.
- Benefits: Enjoy a permanent expat package, competitive salary, and world-class training opportunities.
- Why this job: Be part of groundbreaking projects that tackle global energy challenges and drive decarbonization.
- Qualifications: 10+ years in energy markets, with a degree in Economics, Finance, or Engineering preferred.
- Other info: Relocation to Saudi Arabia required; work on world-scale projects with top-tier professionals.
The predicted salary is between 108000 - 252000 £ per year.
Senior Economic Analyst – Relocate to Saudi Arabia, Permanent Expat Family Relocation Package
Aramco London, United Kingdom
Posted: 5 days ago | Job Type: In-Office | Employment Type: Permanent | Salary: $150k – $350k
Your primary role will be to develop and maintain economic and financial models and cost competitive analysis for the Low Carbon Hydrogen (LCH) and derivative markets and businesses. You will spearhead and deliver economic insights, build and run economic and financial analysis for the Low Carbon Hydrogen (LCH) business from a product/derivative, regulation, hydrogen carrier, price formation, project and company perspective.
Please note that this role is based in Saudi Arabia on a permanent, residential basis.
Overview
We are seeking a Senior Economic Analyst to join the Hydrogen Department Economic Evaluation & Business Strategy team. The Hydrogen Department focuses on the development of blue and green hydrogen and ammonia supply opportunities to assist our customers in Kingdom and Out of Kingdom with their decarbonization efforts.
Key Responsibilities
- Develop and maintain a deep understanding of project economics for the low carbon hydrogen value chain and low carbon economy.
- Carry out end-to-end project economic assessments across the entire value chain, from feedstocks to various end-markets.
- Conduct cost competitiveness and benchmarking of various projects from a feedstock, technology, location and hydrogen carrier perspective.
- Assist in establishing and shaping pricing mechanisms and strategies for low carbon hydrogen and ammonia.
- Develop generic models and carry out landed cost competitive analysis for low carbon hydrogen (LCH)/ammonia for our target markets and competition, based on locations, feedstock, technology, hydrogen carriers and different price sets.
- Develop and run various financial models for the low carbon hydrogen business, by monitoring and calculating Internal Rate of Returns (IRRs), cashflows, Net Present Values (NPVs), cash cost and conducting margin analysis.
- Understand and develop profit and loss analysis, as well as understand financial statements and glean relevant insights when it comes to competitive assessments and benchmarking.
Qualifications
- Degree in Economics/Business/Finance/Accounting or engineering related degree. An MBA, or an MSc in above fields or other advanced professional engineering degree is preferable.
- Minimum of 10 years of experience and proven track record in the hydrogen/ammonia or other energy related commodity markets, with specialist knowledge and experience of products, derivatives, applications and markets.
- Strong economic and financial modelling skills and use of MS Excel and other related software.
- Expertise in handling and organizing various types of economic and financial data.
- Substantial background in areas of financial management and economic analysis, commercial law, taxation, investments, banking and forex.
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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Senior Economic Analyst - Relocate to Saudi Arabia, Permanent Expat Family Relocation Package |[...] employer: Aramco
Contact Detail:
Aramco Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Economic Analyst - Relocate to Saudi Arabia, Permanent Expat Family Relocation Package |[...]
✨Tip Number 1
Familiarize yourself with the latest trends and developments in the low carbon hydrogen market. This will not only help you understand the industry better but also allow you to speak confidently about relevant topics during interviews.
✨Tip Number 2
Network with professionals in the hydrogen and ammonia sectors. Attend industry conferences, webinars, or local meetups to connect with potential colleagues and learn more about the challenges and opportunities in the field.
✨Tip Number 3
Prepare to discuss your experience with economic and financial modeling in detail. Be ready to provide examples of how you've successfully applied these skills in previous roles, particularly in relation to energy commodities.
✨Tip Number 4
Research Aramco's projects and initiatives in the hydrogen space. Understanding their specific goals and challenges will enable you to tailor your insights and demonstrate how you can contribute to their success.
We think you need these skills to ace Senior Economic Analyst - Relocate to Saudi Arabia, Permanent Expat Family Relocation Package |[...]
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Senior Economic Analyst position. Familiarize yourself with the low carbon hydrogen market and the specific economic analysis skills needed.
Tailor Your CV: Customize your CV to highlight relevant experience in economic modeling, financial analysis, and the hydrogen or energy markets. Use specific examples that demonstrate your expertise and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that connects your background and skills to the job description. Emphasize your passion for the low carbon economy and how your experience aligns with the company's goals in hydrogen development.
Highlight Relevant Skills: In your application, make sure to showcase your strong economic and financial modeling skills, proficiency in MS Excel, and any experience with project economics. Mention any advanced degrees or certifications that enhance your candidacy.
How to prepare for a job interview at Aramco
✨Understand the Hydrogen Market
Make sure to familiarize yourself with the latest trends and developments in the low carbon hydrogen market. Being able to discuss current projects, pricing mechanisms, and competitive analysis will show your deep understanding of the industry.
✨Showcase Your Financial Modelling Skills
Prepare to demonstrate your expertise in financial modelling. Bring examples of models you've developed in the past, especially those related to energy commodities, and be ready to explain your thought process and methodologies.
✨Highlight Relevant Experience
With a minimum of 10 years required, be prepared to discuss your previous roles in detail. Focus on specific projects related to hydrogen or ammonia, emphasizing your contributions and the outcomes achieved.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's strategies for low carbon hydrogen and ammonia. This not only shows your interest but also your strategic thinking regarding the future of the industry.
