Downstream Pricing Analyst

Job description / Role

Overview

Aramco energizes the world economy. Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco's value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations' spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom's vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

We are seeking a Downstream Pricing Analyst

We are seeking a Downstream Pricing Analyst to join our Global Optimizer Development Department (GOD). The GOD charter is to optimize crude allocation and the operations of global manufacturing facilities in order to maximize revenue, increase profitability, and capture international market opportunities.

Your primary role is to be responsible for developing and enhancing price forecast visualization tools, compute and issue transfer prices and coordinate with stakeholders to validate price implementation. In that capacity, the incumbent shall be the primary source for refined products, crude, chemicals, and freights forecast needed by the Global Optimizer team and Affiliates Affairs organization. Continuously assess transfer prices implementation.

Key Responsibilities

As the successful candidate you will be required to perform the following:

• Develop, maintain, and continuously improve fit-for-purpose price forecast visualization tools.
• Consult with Pricing Insights and Market Analysis team and Asset Economists (AE) to gather information on global events affecting energy, oil and 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 and 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 the month for the following month, to allow for timely review.
• Perform periodic lookback of TP forecasting quality and identify trends.
• Perform random checks and assist accounting department to maintain quality of implemented prices on standard and non-standard cargoes.

Minimum Requirements

The successful candidate must have a Bachelor Degree in Statistics, Commerce, Marketing, Engineering, Business Administration or closely related subject.

• Post-graduate education or equivalent experience in MBA, Statistics, or Economics is desirable.
• Deep knowledge of model development and utilization of MS Excel functions.
• Detailed understanding of downstream business and supply chain.
• Minimum of 8+ years of relevant professional experience (preferable in oil and gas downstream business), including 3+ years in the field as data analytics including market research, corporate planning, and business development.
• Must have excellent communication and interpersonal skills and work effectively in cross-functional teams.

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.

About the Company

Saudi Aramco is an integrated global energy enterprise. The company markets and exports crude oil, petroleum products, natural gas liquids and sulfur. It also ships crude oil worldwide through an affiliated company and participates in petroleum refining and marketing activities at home and abroad. Its overseas affiliates are in the United States, Egypt, the Philippines, the Republic of Korea and Japan.

Saudi Aramco's subsidiaries span the globe, with offices in Houston, Washington, New York, London, Leiden, Dubai, Singapore, Beijing, Hong Kong, Tokyo and Seoul.