Techno-Economic Modeling Specialist

Our Client operates in the Oil and Energy industry, with its headquarters rooted strongly in Saudi Arabia. It has its branches spread to more than 50 countries, providing employment to more than 68,500 people all over the world. They fall under the Fortune 500 Companies. They are one of the world’s largest oil producers. They are constantly growing by creating new technologies through its Research and Development efforts and branch into new business lines through Investments and Acquisitions.

Responsibilities:

• Support strategic option analysis (e.g., make vs. buy, technology portfolio prioritization) via provision of cost-benefit assessments and analysis, as well as validation of economic and risk assumptions; present findings and recommendations based on analysis to senior management.
• Analyze trends and market intelligence to support the development of business cases (and value hypothesis) for technology projects going through the corporate technology stage-gate process.
• Create financial models and establish the value of technologies for potential commercial applications, in support of technology development, deployment and external licensing efforts. 
• Support technology project teams in the development of a robust financial case for internally developed technologies, including techno-economic models for investment appraisal of technologies in the stage-gate process.
• Provide detailed financial and economic insights for evaluating technology project performance by analyzing relevant data against the technology scorecard KPIs.
• Support technology development, demonstration, internal deployment and external commercialization opportunities, including implementation of robust deployment plans. This includes tracking and accurately reporting the value realized from deployed technologies, as well as supporting internal and external reviews of the relevant financials.
• Provide input to help evaluate licensing opportunities to enable favorable license terms.
• Develop, manage and assure the quality of economic modelling tools used within TOC.
• Periodically review and improve financial models, maintain and update the repository of licenses and portfolio position on all approved technology/innovation applications.
• Work flexibly across TOC and/or R&D domains as required.
• Share and transfer techno-economic evaluation fundamentals knowledge to increase financial acumen in the organization. 

Requirements:

• Bachelor’s degree in Economics, Econometrics, Engineering, Statistics, Business Administration, or a related discipline. An advanced degree (MBA/Finance) is highly preferred.
• At least 15 years of professional experience, including a minimum of: 10 years in leading organizations in the energy or chemicals sector, and/or with leading management consulting firm(s); and five years’ conducting incremental, cost-benefit/effectiveness and budget impact analyses using mathematical, economic or statistical modelling tools and techniques, such as decision tree analysis, Markov modelling, and/or discrete event simulations, including Monte Carlo simulations and real options, risk adjustment, and risk management.
• In-depth knowledge and understanding of one or more relevant core businesses (downstream refining, petrochemicals, midstream, and upstream) and emerging technologies related to corporate sustainability (Circular carbon economy; CO2 capture, utilization and storage; nonmetallic materials; sustainable plastics; artificial intelligence; and industrial sensoring and monitoring).
• Ability to develop insights from market research to technology business case development; mastery in quantitative economic and financial analysis, portfolio modelling and technology valuation, including: incremental, risk-adjusted, cost-benefit, variance and scenario analyses, NPV, and sensitivity analysis, using a range of tools and applications (Microsoft Excel, SQL, SAS, R, MatLab, Tableau, and/or other VBA type software to analyze complex and large data sets, Planisware, or similar tools for portfolio and project management)