Important Notice: By applying through LHR Americas, you are ensuring that your CV will be manually revised by one of our recruiters. If accepted, we will submit it directly to our client's recruitment team where your CV will be prioritized for revision. If you decide to apply directly through our client's career site as well, LHR Americas will lose all visibility of your hiring process and will be unable to support you. Who is our client and your future employer?The company where energy is opportunity!
Our client occupies a unique position in the global energy industry. They are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With significant investment in technology and infrastructure, they strive to maximize the value of the energy they produce for the world along with a commitment to enhance value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, our client combines market discipline with a generations' spanning view of the future, born of our nine decades of experience as responsible stewards of the Kingdom's vast hydrocarbon resources.
LHR AmericasLHR Americas recruits people from around the world to work in Saudi Arabia.
Who are we looking for?We are looking for a Downstream Market Analyst who will be responsible for developing and enhancing price forecast visualization tools, computing and issuing transfer prices, and coordinating with stakeholders to validate price implementation. The incumbent shall be the primary source for refined products, crude, chemicals, and freight forecasts needed by the Global Optimizer team and Affiliates Affairs organization.
Minimum Requirements Bachelor's Degree in Statistics, Commerce, Marketing, Engineering, Business Administration or a closely related specialty. Post-graduate education or equivalent experience in MBA/ Statistics/Economics is desirable. Deep knowledge of model development and utilization of Excel functions. Decent understanding of downstream business and supply chain. 5 to 10 years of relevant professional experience (preferably in oil & gas downstream business), including several years in data analytics including market research, corporate planning, and business development. Key Responsibilities Develop, maintain and continuously improve fit-for-purpose price forecast visualization tools. Consult with Pricing Insights and Market Analysis team and AEs to gather information on global events affecting energy/ oil & gas market and market trends. Gather data from forward curves of all crude and products, market premium or discount values, costs of freight and other elements of Transfer Prices. Compute transfer prices daily for M till M+3, according to the planning cycle. Coordinate with AEs & market insights for review and validation of prices to be issued. Issue price forecast weekly to the AEs to ensure timely identification of opportunities, estimate uplift margins and serve as a basis for negotiations among stakeholders. Issue actual transfer prices on the last day of M-1 for M, to allow for timely review. Perform periodic lookback of TP forecasting quality and identify trends. Perform random checks and assist OAD to QA implemented prices on standard and non-standard cargoes. Job Benefits Monthly Base Salary – aligned with company employees with similar skills. Monthly Overbase – 25% of your monthly base salary. Benefits Supplement – 20% of your monthly base salary, after 3 years of service, reward increases to 25% of base, after 6 years 30% of base, and after 12 years 35% of base. Severance Package (2-year vest period) – year 2 to 5: 2 week's pay for each year of service, Year 6+: 4 week's pay for each year after. Employment Tax – if employee chooses to separate themselves from their 'home country' for income tax purposes, most will not be required to pay 'home country' income taxes; company will not report income to the 'home country' governments. Employee Share Purchase Plan (ESPP) (eligible after 12 months of service) – maximum purchase equal to 10% monthly base pay with a cap, 20% share discount. Incentive Plan – annual; based on performance, approx. 1.8x monthly base salary. Travel Allowance – annual; approx. $8,200 per household member 11+ years old residing in Saudi Arabia and $6,000 per household member under 11 years old. Vacation & Paid Holidays – 38 vacation days / 4 travel days / 11-13 paid holidays. Medical/Dental Plan – complimentary in-Kingdom Johns Hopkins medical care/facilities for employee and eligible family members. In-Kingdom dental services subsidized. Educational Assistance Plan (EAP) – Out of Kingdom Assistance: 90% of expenses with a maximum per child, lesser of 5x monthly base salary or the company max ($48.5K), plus 3 round-trip economy air travel tickets; undergraduate college-age children get 2 round-trip economy air travel tickets; In Kingdom Assistance: 2x monthly base salary or the company max ($16.3K). Settling in Allowance – one-time payment; Family Status - 100% of monthly base salary; Single/Bachelor Status – 60% of monthly base salary.
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