Specialist, Economic Model

JOB PURPOSE

• Ensures developments of fit-for-purpose economic models as per business needs and ensures that all
• Economic models required for the production optimization function are up to date.
• Responsible for effective use of these models in economic evaluations of feedstock and product
• imports/exports.
• Provide necessary support to maintain all Economics and Planning models up-to-date with actual plant
• operating conditions and develop any new model(s) required for the business from time to time, act as the focal
• point at Site coordinating with refinery to get actual yield patterns, actual material balance and process
• constraints track, monitor and analyze actual refinery performance based on real time and historical data and
• highlights any suboptimal operation, margin improvement opportunity to the concerned
• Develops daily and weekly margin reports, monthly gross margin reports and retro analysis on plan vs actual
• performance. Carries out economic evaluation of crude condensate and other feedstock to support procurement
• decisions. Support commercial operations with timely economic evaluation as and when required.

KEY ACCOUNTABILITIES

• Fit for purpose Economic Models
• u2022 Confers within SCMD team to ensure accurate representation of all operating constraints in LP model
• u2022 Carry out LP and economic model enhancements to ensure fit-for-purpose models
• u2022 Ensure all business constraints and pricing data is updated in the models to derive accurate results
• u2022 Develops economic models required for evaluation of various intermediate and products
• sales/purchases
• Economic Evaluations
• u2022 Carries out economic evaluation for feedstock purchases, product/intermediate sales, and any other
• business cases as per requirement from time to time
• u2022 Develops required supporting documentation for commercial dealings as per requirement
• u2022 Develops presentation for OC/OSC to support commercial decision making, based on requirement
• u2022 Responsible to maintain auditable records for all decisions made through economic evaluation and
• maintains database of records
• Retro-Performance Analysis
• u2022 Support Sr. Specialist, Economic Model in preparing Monthly Variance Analysis of the refinery actual
• performance, explaining deviations e.g., yield pattern, quality giveaway etc., identify opportunities for
• improvement and ensure implementation.
• u2022 Monitor product quality KPIu2019s, unit yield pattern & component quality deviations and provide suggestions
• to reduce the gap
• u2022 Track margin losses resulting from planned & unplanned shutdowns and from process limitations.
• u2022 Coordinate with concerned at sites to obtain actual unit yield patterns, hydrogen balances.
• u2022 Monitor Plan implementation and raises concerns regarding deviations. Review and revise the set
• capacities and operating parameters for various units in line with economic indicators as and when
• deemed necessary.
• Economics Support to Site Teams
• u2022 Oversee PIP (Profit Improvement Plan) program at sites, update Tracker and ensure effective
• management of the same
• u2022 Perform economic analysis of process constraints as and when needed in consultation with Sr.
• Specialist, Economic Model.
• u2022 Support Sr. Specialist, Economic Model to carry out different scenario analysis for planned/ unplanned
• shutdowns/ slowdowns/ process constraints to assess production/ margin impact.
• u2022 Promote crude and product market awareness and Process unit economics trends to Refinery
• managers and operation team - Weekly Economics Presentation to Refinery management
• Generic Accountabilities Supervision
• u2022 Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
• u2022 Train and develop the assigned staff on relevant skills to enable them to become proficient on the job
• and deliver the respective section objectives.
• Budgets
• u2022 Provide input for preparation of the Department/ Section budgets and assist in the implementation of the
• approved Budget and work plans to deliver Section objectives.
• u2022 Investigate and highlight any significant variances to support effective performance and cost control.
• Policies, Systems, Processes & Procedures
• u2022 Implement approved Department / Section policies, processes, systems, standards and procedures in
• order to support execution of the Department / Sectionu2019s work programs in line with Company and
• International standards.
• u2022 Comply with all applicable legislation and legal regulations.
• Performance Management
• u2022 Contribute to the achievement of the approved Performance Objectives for the Department / Section in
• line with the Company Performance framework.
• Innovation and Continuous Improvement
• u2022 Design and implement new tools and techniques to improve the quality and efficiency of operational
• processes.
• u2022 Identify improvements in internal processes against best practices in pursuit of greater efficiency in line
• with ISO standards in order to define intelligent solutions for issues confronting the function.
• Health, Safety, Environment (HSE) and Sustainability
• u2022 Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability
• guidelines in line with international standards, best practices and ADNOC Code of Practices
• Report
• u2022 Provide inputs to prepare Section MIS and progress reports for Company Management

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS

• Minimum Qualification
• uF0B7 Bacheloru2019s Degree in Engineering, Science, Business, Economics or equivalent additional business
• qualification is an advantage.
• Minimum Experience & Knowledge & Skills
• u2022 8 years of experience in Economic Model Building and Interpretation, preferably in the oil, gas, or
• petrochemical plants
• Skills:
• u2022 Business Analysis
• u2022 Experience in Linear Programming planning models of Refineries
• u2022 Construction of economic and financial spreadsheet models
• u2022 Optimization modelling using spread sheets and/or linear programming models. Report writing and uF0B7
• presentation skills
• u2022 Knowledge of the Oil and Gas Industry.
• u2022 Excellent communication and interpersonal skills.
• u2022 Proficient in verbal and written English. Knowledge of Arabic is preferable