Sr. Techno-Economic Modeling Specialist - RELOCATE TO SAUDI ARABIA

About the Company: Aramco is the world's largest oil and gas company, with the lowest upstream carbon intensity of any major producer.

Headquartered in the Kingdom of Saudi Arabia, we are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization

.
About the Role: Overview: This is an Expat position requiring full relocation to Saudi Arabi

a.
Aramco is seeking a Techno-economic Modeling Specialist to join the Technology Strategy & Planning Department (TSPD), whose mission is to provide high-impact leadership and support across the technology life-cycle, from strategy setting to value realization and sustainable growth, and partner with corporate and business stakeholders to integrate new technologies into the company’s strategies and investment pla

ns.
The Techno-economic Modeling Specialist will play a key role in the rollout of enhanced technology management processes across the Company, with responsibility to support techno-economic evaluation and strategic decision-making processes in the technology organization. This vital role enables optimal value realization from technology by providing accurate, timely, and detailed analysis of economic, financial, and commercial data regarding technology development, demonstration, and deployment opportunit

ies.
Responsibili

ties:
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 manag

ement.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 pr

ocess.Create financial models and establish the value of technologies for potential commercial applications, in support of technology development, deployment and external licensing ef

forts.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 pr

ocess.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 finan

cials.Provide input to help evaluate licensing opportunities to enable favorable license

terms.Develop, manage and assure the quality of economic modelling tools used withi

n TOC.Periodically review and improve financial models, maintain and update the repository of licenses and portfolio position on all approved technology/innovation applica

tions.Work flexibly across TOC and/or R&D domains as req

uired.Share and transfer techno-economic evaluation fundamentals knowledge to increase financial acumen in the organiz

ation.


Require

d Skills:
PBachelor’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 m

anagement.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 mo

nitoring).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 ma

nagement).
THIS POSITION REQUIRES FULL RELOCATION TO SAUDI ARABIA. CANDIDATES INTERESTED IN RELOCATING ARE ENCOURAGE