Job Title: Junior Economist
Employer: Oando PLC
Vacancy Code: JE/FT//79268
Department: Operations
JOB SUMMARY
• The function of the Junior Economist is to provide efficient, pro-active and commercially robust analysis and support to the Planning & Economics, Business Development & Asset Management functions within the OER operations division.
• Under the guidance of an economist, the Jr Economist's primary functional role is to provide support in economic evaluations of new business opportunities as well as periodic and ad-hoc re-evaluations of current assets. As the Jr. 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 and, eventually, subject to satisfactory performance, elevation to a full Economist role.
• Additional tasks the Jr. Economist will be expected to undertake include but are not limited to tracking commodity prices, monitoring current events relating the to the E&P industry, industry/market analysis & intelligence, trend/competitor analysis, operations performance monitoring, written and verbal presentations, preparation of briefing documents and PowerPoint presentations.
• The Jr. Economist is expected to possess the ability to understand and eventually develop relatively complex models, gain a thorough understanding of Nigerian fiscal regimes, and assimilate a confident understanding of OER's business and strategy.
SPECIFIC DUTIES
• Supports the Planning & Economics function by providing analysis, sourcing data, updating & developing models, preparing presentations & reports as required by the Operations division.
• Monitors commodity prices and industry & market trends.
• Updates market information daily, and contribute to reports on trends in the oil & gas industry, and OER operations performance.
• Conducts specific topical research and analysis as required.
• Complies with approved decision making and monitoring systems, processes, procedures & policies' and ensures effective controls are adhered to in handling job duties.
• Supports the origination, closing and on-going management of transactions.
KEY PERFORMANCE INDICATORS
• Quality, comprehensiveness, timeliness and accuracy of data provided for analysis.
• Quality and depth of analysis.
• Accuracy and timeliness of output.
• Creativity and innovativeness.
• Initiative and enthusiasm, constant self-improvement,
• Adherence to policies, processes and procedures.
QUALIFICATIONS & EXPERIENCE
• Undergraduate degree in petroleum disciplines or business/economics or other relevant fields from a reputable University.
• Postgraduate degree in economics or petroleum or energy related disciplines are a plus but not necessarily required.
• One degree level (either undergraduate or postgraduate) must be in Economics.
• 1 – 3 years' post – NYSC experience in an operator environment (e.g. Planning, Business Development); 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.
KNOWLEDGE AND SKILLS REQUIRED
• Strong numerical & analytical skills.
• Networking & Relationship Management.
• Business performance monitoring and reporting.
• Initiative and a keen/acute sense of judgment, decisiveness and self-discipline.
• Creativity and innovation.
• Team playing.
• Oral, written & visual communication.
• Basic understanding of Oil & Gas Industry Dynamics.
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