Planning Economist LP

Planning Economist LP

London Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Drive commercial optimisation and generate crude rankings for refinery operations.
  • Company: Join a leading operator in the Middle East's refining sector.
  • Benefits: Enjoy competitive pay, career growth opportunities, and a dynamic work environment.
  • Why this job: Be part of a team that influences major business decisions and optimises refinery performance.
  • Qualifications: Bachelor's degree in Engineering; MBA preferred with 8 years' refining experience.
  • Other info: Ideal for those passionate about economics and engineering in a global context.

The predicted salary is between 48000 - 72000 £ per year.

Key Responsibilities

  • Drive commercial optimization at the local LP runs at the individual refinery.
  • Responsible to generate crude relative values and crude ranking.
  • Provide monthly major constraints impact on asset for logistic unit performance and investment requirements needed.
  • Review and challenge constraints to the individual LPs of each refinery (potentially run limited constraint model to create the baseline for ideal LP output).
  • Create sensitivities, trade-offs and scenarios for each of the individual LPs.
  • Work with other asset economists within the same region to consolidate the LPs of refineries within the same region and explore optimization opportunities.
  • Defend refinery interest during trade-off evaluations (after the central optimization team issues LP differentials) while keeping integrated optimization objective in mind.
  • Provide both market and refinery operations outlook for yearly business plan.

Minimum Requirements

  • Bachelor degree in Engineering discipline, an MBA is preferable.
  • At least 8 years’ experience in refining business, to include technical and commercial aspects.
  • Experience using LP models is preferred.
  • Thorough knowledge of engineering practices, economic principles and calculation methods.
  • Expert in international business and cross-cultural professional practices.

Planning Economist LP employer: Kintec Global Recruitment

As a leading operator in the Middle East, we pride ourselves on fostering a dynamic work culture that values innovation and collaboration. Our employees benefit from competitive remuneration, comprehensive training programmes, and ample opportunities for professional growth within the thriving refining sector. Join us to be part of a team that not only drives commercial optimisation but also champions personal development in a region rich with potential.
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Contact Detail:

Kintec Global Recruitment Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Planning Economist LP

✨Tip Number 1

Network with professionals in the refining and planning economics field. Attend industry conferences or webinars where you can meet people who work in similar roles. This can help you gain insights into the company culture and potentially get a referral.

✨Tip Number 2

Familiarise yourself with the latest trends and technologies in refinery optimisation and LP modelling. Being knowledgeable about current tools and methodologies will not only boost your confidence but also demonstrate your commitment to staying updated in the field.

✨Tip Number 3

Prepare to discuss specific case studies or examples from your past experience that highlight your ability to drive commercial optimisation and manage constraints effectively. This will show your practical understanding of the role and how you can contribute to the team.

✨Tip Number 4

Research StudySmarter and our values thoroughly. Understanding our mission and how we operate will allow you to tailor your conversations during interviews, making it clear why you would be a great fit for our team.

We think you need these skills to ace Planning Economist LP

Commercial Optimization
Linear Programming (LP) Models
Crude Relative Values Generation
Logistics Performance Analysis
Investment Requirement Assessment
Constraint Review and Challenge
Scenario Analysis
Trade-off Evaluation
Cross-Cultural Communication
Refinery Operations Knowledge
Market Analysis
Technical and Commercial Acumen
Collaboration with Asset Economists
Strategic Planning

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in refining and economic principles. Emphasise your technical and commercial expertise, especially any experience with LP models, as this is crucial for the Planning Economist role.

Craft a Strong Cover Letter: In your cover letter, clearly articulate your understanding of the role and how your background aligns with the responsibilities listed. Mention specific achievements that demonstrate your ability to drive commercial optimisation and handle constraints effectively.

Highlight Relevant Experience: When detailing your work history, focus on roles where you have successfully managed LP runs or similar projects. Use quantifiable results to showcase your impact, such as improvements in logistic unit performance or successful trade-off evaluations.

Showcase Cross-Cultural Skills: Given the international aspect of the role, highlight any experience you have working in diverse teams or regions. This will demonstrate your ability to navigate cross-cultural professional practices, which is essential for collaboration within the Middle East region.

How to prepare for a job interview at Kintec Global Recruitment

✨Understand the Role Thoroughly

Make sure you have a solid grasp of what a Planning Economist does, especially in the context of refinery operations. Familiarise yourself with key responsibilities like commercial optimisation and LP modelling, as well as the specific challenges faced in the Middle East.

✨Showcase Your Experience

With at least 8 years in the refining business, be prepared to discuss your past experiences in detail. Highlight specific projects where you've driven optimisation or tackled constraints, and how those experiences make you a great fit for the role.

✨Prepare for Technical Questions

Expect questions that test your knowledge of LP models and economic principles. Brush up on relevant engineering practices and be ready to explain how you've applied these in real-world scenarios, particularly in relation to crude ranking and logistic unit performance.

✨Demonstrate Cross-Cultural Awareness

Given the international nature of the role, be prepared to discuss your experience working in diverse teams. Share examples of how you've navigated cross-cultural professional practices and how this has contributed to successful outcomes in your previous roles.

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