At a Glance
- Tasks: Develop and maintain economic models for regulated assets in the oil and gas sector.
- Company: Leading Oil & Gas firm based in Aberdeen with a focus on innovation.
- Benefits: Competitive PAYE rate, hybrid working, and opportunities for professional growth.
- Other info: Engage with regulators and influence key project decisions in a fast-paced environment.
- Why this job: Join a dynamic team and shape the future of energy through economic analysis.
- Qualifications: Experience in oil & gas economics and advanced financial modelling skills required.
The predicted salary is between 60000 - 80000 £ per year.
Our Oil & Gas client is currently recruiting for the position of Regulated Asset Economist, based in Aberdeen for an initial 12 month PAYE contract.
We are seeking candidates who have a background in oil & gas economics and ideally RAB (ie you would build, own, and maintain the complex Regulated Asset Base (RAB) economic model which is the framework that ensures that capital-intensive infrastructure yields a steady, predictable return on investment through regulatory allowances
4/1 hybrid
PAYE Rate is negotiable
Responsibilities
- Develop and maintain economic models, including the MNZ T&S Regulated Asset Base economic model. Ensure models are aligned with policy and regulatory parameters and leverage deep insights to ensure company maximises the value from its proposed developments.
- Provide deterministic and probabilistic economic analysis to inform key project decisions.
- Provide decision quality subject matter expertise to help ensure key decisions are high quality and timely.
- Provide discounted and undiscounted unit cost analysis to benchmark company’s opportunities and aid the optimisation of opportunities.
- Responsible for ensuring models are accurate, and auditable, to build trust in investment analysis and propositions.
- Remain abreast of the evolving energy transition landscape, including technology, policy, regulatory framework, and investor sentiment to be position company’s projects for success. Interpret changes and reflect in relevant models.
- Maintain a positive relationship with relevant regulators and commercial interfaces such as Ofgem and LCCC.
- Responsible for readying the organisation for future phases of economic regulation including negotiations, price controls, and audits.
- Communicate complex economic analysis clearly to senior leaders, regulators and cross‑functional stakeholders.
- Any other associated duties as reasonably required.
Experience & Qualifications
- Advanced Excel‑based financial and economic modelling and data analytics
- Unit cost and Levelized Cost of Abatement (LCOA) analysis
- Whole‑life cost and net present value (NPV) analysis
- Deep understanding of regulated asset frameworks including incentives, penalties, allowed return, WACC, financing and risk parameter modelling
- Degree in economics, finance, engineering, energy, or related discipline
- Postgraduate qualifications and/or professional accreditation (e.g., CFA, chartered accountant) are advantageous.
Contract position
Apply by forwarding your current CV quoting reference: TR/(phone number removed).
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Regulated Asset Economist employer: Orion Group
Orion Group is an excellent employer for those seeking a part-time role in cost control within the dynamic oil and gas sector. With a flexible work pattern of 2.5 to 3 days per week, employees can balance their professional and personal commitments while benefiting from a supportive work culture that prioritises mentorship and leadership development. Located in Kingswells, Aberdeen, Orion Group offers a collaborative environment where employees can thrive and grow their careers in a global recruitment leader.
