Oando Plc, one of Africa’s largest integrated energy solutions provider with a proud heritage is recruiting to fill the position of an Economist in Lagos for a full time employment.
Reports to: Assistant Manager, Economics
Job Purpose
- The Economist will assist the Economics department in providing sound, efficient and commercially robust analysis for strategic decision-making.
- The individual will support in economic evaluations of projects, and new business opportunities as well as periodic and ad-hoc re-evaluations of current assets.
- The Economist will also be expected to undertake tasks including but not limited to operations performance monitoring, tracking commodity prices, monitoring current events relating to the E&P industry, industry/market analysis & intelligence, trend/competitor analysis, and preparation of briefing documents.
- The Economist is expected to possess the ability to understand and develop relatively complex models, understand Nigerian fiscal regimes, and assimilate a confident understanding of OER’s business and strategy.
- As the Economist develops in skill and experience, the role is expected to evolve from a supporting role to a more autonomous role which will entail direct responsibility for specific assets or opportunities.
Major Responsibility Area
- Support the Economics department by providing analysis, sourcing data, preparing presentations & reports as required
- Update and develop models for commercial evaluation and decision analysis, as well as scenario and sensitivity analysis to assess various investment opportunities
- Assist in evaluating potential assets to ascertain viability for acquisition/divestment and merger targets
- Conduct comprehensive economic analysis to evaluate profitability/viability of projects, including production optimization and cost management strategies
- Generate in-house forecasts of relevant commodity prices and rates for internal planning purposes and decision basis
- Analyze fiscal regimes and regulatory frameworks relevant to the company’s operations, to assess their impact on business operations & profitability
- Track individual asset performance against budget and operational plan, and analyze production data and performance metrics to identify opportunities for enhancement in asset management
- Monitor commodity prices and industry & market trends.
- Update market information when required and contribute to reports on trends in the oil & gas industry and OER operations performance.
- Conduct specific topical research and analysis as required.
- Comply with approved decision-making and monitoring systems, processes, procedures & policies and ensure effective controls are adhered to in handling job duties.
- Support the origination, closing and ongoing management of transactions.
- Other duties as assigned
Job Specification
- Undergraduate degree in petroleum disciplines or business/economics or other relevant fields from a reputable University
- A postgraduate degree in economics or petroleum or energy-related disciplines would be an added advantage
- One degree level (either undergraduate or postgraduate) must be in Economics
- 3 – 5 years post-NYSC experience in an operator environment (e.g. Economics & Planning); or a strongly numerical and analytical role in Finance or Asset Management
- Talented, creative and with a strong interest in Business
- Basic understanding of petroleum economics and Nigerian fiscal terms
- Proven competencies in using Excel, Word and PowerPoint software programs
- Ability to understand and structure complex models and transactions, and to learn job-specific software
Key Performance Indicators
- Quality, comprehensiveness, timeliness and accuracy of data provided for analysis
- Quality and depth of analysis
- Accuracy and timeliness of output for decision-making and meeting statutory reporting timelines
- Creativity and innovativeness
- Initiative and enthusiasm, constant self-improvement
- Adherence to policies, processes and procedures
Core Competencies:
- Strong numerical & analytical skills
- Detail-oriented with strong organizational skills
- Networking & Relationship Management
- Business performance monitoring and reporting
- Initiative and a keen/acute sense of judgment, decisiveness and self-discipline
- Creativity and innovation
- Ability to work independently and collaboratively in a team
- Excellent verbal, written & visual communication abilities
- Basic understanding of oil & gas industry dynamics.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online