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Job title
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Snr. Specialist Economic Evaluation
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Grade
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Stream
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Growth
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Function
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Business Development
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Location
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Oman - Muscat
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Budget control
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*OPEX and/or CAPEX and/or Revenue amount as relevant*
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Reporting to
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Head of Economic & Strategic Alliance
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Direct reports
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Job purpose
Senior Specialist in conducting economic analyses, evaluating financial performance, and providing strategic insights to support decision-making processes. The ideal candidate will have a strong background in economic modeling, financial analysis, and data interpretation, along with excellent communication and analytical skills.; in order to support Commercial & Downstream to increase / growth / enhancement of all business assets portfolio.
The position will act in accordance with the Group’s Mission, Vision, Values & Strategies, as well as, policies, guidelines and international standards, supported by an IT Technology platform, HSE standards, Omani’s government & other legal justification’s, and best international practices in consonance with national objectives.
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Main tasks and responsibilities
- Conduct economic evaluations and financial analyses to screen and assess the viability of projects, investments, and business opportunities.
- Develop and maintain complex economic models of any existing or new business to support decision-making processes and strategic planning initiatives.
- Analyze and interpret financial data, market trends, and industry benchmarks to identify risks, opportunities, and key performance indicators.
- Prepare comprehensive reports, presentations, and recommendations for senior management and stakeholders based on economic analyses and findings.
- Collaborate with cross-functional teams, including asset management, finance, operations, and business development, to provide economic insights and support project planning and execution.
- Use of financial modeling software, such as Excel to prepare business case economics, and familiarity with statistical analysis tools.
- Interpret complex data, identify trends, and draw meaningful conclusions.
- Stay informed about regulatory changes, market dynamics, and industry trends that may impact economic evaluations and financial performance.
- Present complex and creative economic concepts and findings in a clear and concise manner.
- Provide mentorship and guidance to junior team members and contribute to the professional development of the team.
- Work effectively in a collaborative team environment and build relationships with stakeholders at all levels.
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Key interactions
Internal: Commercial & Downstream Assets and Function
External: Contractors, vendors and providers.
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Notable Working Conditions. Field Operations and office environment, Moderate to intensive computer screen use.
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Education requirements
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- Bachelor’s degree in economics, finance, or related field (required)
- Master's degree (preferred)
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Language requirements
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Excellent knowledge of written, read, and spoken English (required) , Arabic (desirable)
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Background and experience
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Competencies and skills
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- 8+ years’ experience in economic evaluation, financial analysis, or related field, preferably in the Oil & Gas.
- Expertise in economic modeling, financial forecasting, and data analysis techniques.
- Excellent analytical skills with the ability to interpret complex data, identify trends, and draw meaningful conclusions.
- Exceptional communication skills with the ability to present complex economic concepts and findings in a clear and concise manner.
- Strong organizational skills with the ability to manage multiple projects simultaneously and meet tight deadlines.
- Demonstrated leadership abilities with a track record of mentoring and developing junior team members.
- Commercial and business knowledge about Refinery, storage, logistics, and Petrochemical business
- Experience in stakeholder management and presentations to Executive Leadership
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Soft:
- Able to build relationships within department staff and build relationships with stakeholders at all levels with a focus on collaboration.
- Must have excellent organizational skills.
- Requires excellent communication skills, both verbal and written.
- Strong leadership skills as well as the ability to communicate across all levels.
- Result oriented
Technical:
- Computer literacy including MS Office
- Financial modeling, Budget / Estimation, Cost Control
- Resources (internal and external)
- Business Development methods /process
- Analytical skills
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