Job Title: Planning and Economics Manager
Vacancy Code: PEM/FT//52221
Department: Operations
Location: Lagos, Nigeria
Employer: Oando PLC
JOB SUMMARY: – The Planning & Economics Manager in Oando Energy Resources (OER) is responsible for the Economic analysis and planning of investment opportunities. He/She owns leads, and co-ordinates Business planning activities and cycle time. The position is responsible for developing detailed fit for purpose Economical Models for investment decision making & value creation, while also acting as the commercial investment advisor to the COO to ensure identification of new value-adding E&P opportunities and subsequently grow the OER asset portfolio. – The Incumbent will work with other functions such as petroleum engineering functions, Finance, legal & government bodies, for the collection of Economic data to ensure accurate Economic modelling in addition to conducting sensitivity analyses to better clarify investment decisions.
SPECIFIC DUTIES:
• Ensure alignment of company strategy with plans
• Produce the annual five-year Production Business Plan – derived from the Asset Reference Plan (ARPs)
• Prioritizing business opportunities and communicate medium and long range plan, based sound analysis, to the leadership team
• Drive the generation and update of cross-asset Operations Philosophy and long term production strategy
• Build production opportunities portfolio into the OER's business plan and report performance against set targets
• Build & monitor risks matrix.
• Drive integration of Activity, Budget & Contract Plans on behalf of the department
• Report overall performance against related KPIs in the business plan
• Implement and drive benefit capture of relevant initiatives / change programmes with area of responsibility
• Drive the planning process across the production assets / service teams and integrate into ARPs
• Co-ordination of other Heads of team on planning and performance management deliverable
• Support COO's accountabilities for planning and delivery of sustainable production, Base programme activities and Asset Integrity
• Alignment with and focus on fundamental value drivers for sustainable base operation o Effective management of production enhancement opportunities portfolio o Protecting asset value – whilst reducing unit Opex o Compliance with standards
• Maintain a sustainable centralised capacity for integrated planning across all departments and assets
• Coordinate the challenge and review of plans and ensure alignment with activity based planning
• Co-ordinate Planning input to Budget Proposals
• Provide Management Information (MI) support to OER Leadership Team on Programme, Budget and Strategic Business issues
• Build production opportunities portfolio into the OER's business plan and report performance against set targets
• Build & monitor risks matrix.
• Drive integration of Activity, Budget & Contract Plans on behalf of the department
• Report overall performance against related KPIs in the business plan
• Implement and drive benefit capture of relevant initiatives / change programmes with area of responsibility
• Co-ordination of other Heads of team on planning and performance management deliverable.
• Lead change to improve the performance of the planning activities and cycle time.
• Communicating investment evaluation premises & guidelines
• P-Master Economics for capital allocation & business plans
• Economics for OER budget proposal & notes for information
• Exploration Economic modeling and integrations
• Integration of economic / financial modeling and tools
• Economics for Value Assurance Reviews (VAR) and support to technical development teams
• Drive standardization of planning and economics tools
• Project screening and ranking to optimize business decisions based on available resources
• Support reviews and communications of plan and budgets with JV partners
• Structure and maintain the Asset scorecards
• Skills development of staff
KEY PERFOMANCE INDICATORS:
• Economics for various options including Budget proposals, VARs & Post investment Reviews
• Integrated financial / economics modelling
• Exploration Economics
• Input to planning premises & functional challenge
• Demand forecast for Support/Technical services
• OPEX Estimates (& LT OPEX modelling)
• Project proposal sheets covering production operations, maintenance, Asset Integrity, cost and manpower estimates
• Ranked list of cross-asset production, maintenance and Asset Integrity activities
• Link between Activity, Budget, Contracts & Manpower plan
• Staff – Development and Training plan
QUALIFICATIONS & EXPERIENCE:
• 1st degree in Engineering, Finance, Investment Management, Business Administration, Economics or Accounting. MBA from a reputable institution of learning is an added advantage
• A senior technical or commercial professional with above 7 years of Business Planning, Economics and investment valuation experience across a wide range of roles and environments, and not less than 12years E&P experience.
KNOWLEDGE AND SKILLS REQUIRED:
Technical Skills;
• Professional mastery in Economics with deep understanding of its application in the Oil & Gas development and production environment.
• Must possess deep understanding of the integrated Oil & Gas Development & Hydrocarbon life-cycle management and its fundamental value drivers
• Bottom-line focused with proven technical & commercial skills to support functional directors on planning and delivery of maximum asset value
• Demonstrated good understanding of the multi-disciplinary aspect of the E&P business
Leadership & People Development Skills;
• Proven change capacity, catalyst for change and ability to drive and embed new ways of working to deliver business improvement gains
• Must demonstrate sufficiently confidence to coordinate and challenge line managers on the management of company plans and performance
• Proven good leadership, networking presentation and facilitation skills
• Must command respect of line managers and subordinates with an impeccable personal integrity and respect for people
• Large capacity to work under pressure and consistently deliver high quality results
• Must have good leadership skills particularly in personal effectiveness, motivating coaching and developing others
WORKING CONDITIONS:
• Office based
• Heavy workload and most times long working hours in a dynamic and intellectually challenging environment.
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