Junior Economist Job at Oando PLC

[Jobrib]

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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