Posted: 18 Sep 2009
Location: Saudi Arabia
Position Description This position is within Saudi Aramco's Corporate Planning Department. Selected individual will serrve as advisor to Corporate Management and other company organizations on Corporate Economics and Strategy in support of capital investment decisions and economic optimization in all Saudi Aramco's major investment areas. This includes the analysis, evaluation and interpretation in support of projects, processes and financing areas related to Saudi Aramco capital investment decisions in the upstream and downstream areas.
Selection Criteria 1.Bachelor's Degree in Engineering, Economics, Business Administration, Accounting, Financial Management or closely related specialty with an MBA or PhD and 15 years in petroleum or other related industry.
2. 15 years experience in the petroleum industry, including 5 to 10 years in operations activities. Supervisory experienced is required.
3.Solid understanding of the use and limitations of industry optimization / modeling techniques and methods.
4.Proven ability to handle complex, planning-related problems in a rigorous, analytical fashion. Incumbent will have achieved recognition as an economic analysis expert.
5.Thorough understanding of economic and business factors related to the petroleum industry.
6.Sound knowledge of techniques used in evaluating investment decisions.
7.Demonstrated ability to interface with senior management with excellent written and oral skills.
8.Must be able to work with minimum supervision on relatively unstructured tasks.
Duties and responsibilities 1.Provides expert advice and guidance on economics of company investment proposals to Executive and Corporate Management.
2.Participates in the analysis and review of upstream, downstream, power and gas projects.
3.Provide expert judgment, by way of thorough analyses, on ad hoc queries from management on strategic and economic development issues.
4.Report on issues that are relevant to Saudi Aramco's capital investments.
5.Assist in the training, development and mentoring of younger staff members in area of expertise.
Corporate Planning serves a myriad of functions for Saudi Aramco. These include the development of the 5 year business plan, facilitating longer term strategic planning, manpower planning support, business environment description, developing key planning assumptions for the company, support economic / project analysis, international policy (trade & environment) analysis and crude oil pricing support. These activities are handled by anywhere from 2 to 10 individuals depending on the complexity of the issue and the company's exposure to it. In total, approximately 60 individuals work in Saudi Aramco's Corporate Planning.
Corporate Planning (CP) is headed by a Vice President who reports to the CEO. CP VP is also the secretary of the company's Management Committee (MC), which is presided over by the CEO and includes all the Senior Vice Presidents of the company (also called business line heads). MC meets every week to hear status reports from around the company, approve new activities & initiatives and review various budgetary and planning reports. CP reviews items on the MC agenda and offers direct comments to the CEO to aid him during the MC session. CP's own items to MC are primarily those related to the annually updated 5-year business plan. Additionally, many items that go to MC for endorsement are usually reviewed by CP.
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