Downstream Pricing Data Analytics
WhiteCrow
- Dhahran, Ash Sharqiyah
- US$75,000-150,000 per year
- Permanent
- Full-time
- The incumbent is responsible for developing and enhancing price forecast visualization tool, compute and issue transfer prices and coordinate with stakeholders to validate price implementation.
- In that capacity the incumbent shall be in the primary source for refined products, crude, chemicals and freights forecast needed by Global Optimizer team and Affiliates Affairs organization.
- Continuously assess transfer prices implementation.
- Has decent prior work experience in the downstream oil & gas industry with the exposure to market studies, model development and outlook projection.
- Proven ability to develop and maintain complex models and perform analytical & statistical exercise
- Develop, maintain and continuously improve fit-for–purpose price forecast visualization tools.
- Consult with Pricing Insights and Market Analysis team and AEs to gather information on global events affecting energy/ oil & gas market and market trends.
- Gather data from forward curves of all crude and products, market premium or discount values, costs of freight and other elements of Transfer Prices.
- Compute transfer prices daily for M till M+3, according to the planning cycle.
- Coordinate with AEs & market insights for review and validation of prices to be issued
- Issue price forecast weekly to the AEs to ensure timely identification of opportunities, estimate uplift margins and serve as a basis for negotiations among stakeholders.
- Issue actual transfer prices on the last day of M-1 for M, to allow for timely review.
- Perform periodic lookback of TP forecasting quality and identify trends.
- Perform random checks and assist OAD to QA implemented prices on Standard and Non-Standard Cargoes.
- Bachelor Degree in Statistics, Commerce, Marketing, Engineering, Business Administration or closely related specialty.
- Post-graduate education or equivalent experience in MBA/ Statistics/Economics is desirable.
- Deep knowledge of model development and utilization of excel functions.
- Decent understanding of downstream business and supply chain.
- 5 to 10 years relevant professional experience (preferable in oil & gas downstream business), including several years in field as data analytics including market research, corporate planning, business development).
- Must have excellent communication and interpersonal skills and work effectively in cross functional teams.