Economist at WTS Energy

WTS Energy is the leading Consultant/Manpower Supply company to the international Oil, Gas and Energy industry. We supply Consultants to the Projects and Operations of our Clients. We also perform Outsourcing Services like Project Recruitment Campaigns and Workforce Management in Oil and Gas regions around the world. We operate globally with offices in 16 countries, supplying the International Oil, Gas and Energy industry with professional personnel. We offer hands on support to our consultants in every region in which they work. We provide the best people to Upstream, Midstream and Downstream projects and operations. We serve our Clients and Consultants based on trust, high ethical standards and consistent quality of service.

JOB SUMMARY

The Economist will perform analysis and valuations in support of business planning, new business development and strategy formulation. This role will analyse specific strategies, technologies and markets through the development and utilisation of financial models, databases and risk analysis tools.

The incumbent will produce analysis in support of the company’s business intelligence strategy and commercial optimisation strategy including requirements for generation of new data/information needs of the business. In addition, support the core commercial team in the production of information systems and commercial analysis for decision making, delivering reports and certifying data.

KEY RESPONSIBILITIES

Strategic

1. Support the formulation and execution of the Company’s vision and corporate strategic business plan
2. Actively involved in the development of long- and short-term business goals, objectives and targets as part of the company’s planning and budgeting process.
3. Provide critical analytical and research into markets, competitor and industry analyses to support and develop growth opportunities and strategies for the company.
4. Identify changes in the economic and business environment that may potentially warrant modifications to the company’s business development and keep management informed of changes and trends that may have an impact on the company’s current and future performance.
5. Communicate key information to management across the company as regards marketplace needs, the competitive environment, cost analysis matrix management, and the provision of high-quality customer-focused products and services.
6. Develop financial models and analytical frameworks to facilitate strategic planning and support management assumptions.
7. Develop strategy implementation and business performance monitoring & measurement tools
8. Represent the company in economics reviews and discussions involving shareholder participation, providing relevant information and input into key projects analysis and information requirements
9. Provide support to the general commercial function in analysis to support commercial decisions as required.

Operational

1. Provide ongoing and ad-hoc reports on key elements of the business.
2. Produce periodic management reports that track key corporate performance metrics, provides analysis of root causes of variances and work with team to create action plans for improvement.
3. Ensure relevant business rules are applied in the budget process and forecasting scenarios.
4. Produce and maintain a detailed listing of all drivers and assumptions for the Business plan and track the impact of changes to those drivers for management understanding.
5. Conduct in-depth analysis on the assumptions used in the Business Plan to derive any correlations and understand sensitivities to ensure considerable level of predictability and reduce unexpected results.
6. Build a source of data for each assumption (revenue / costs) for reporting and projection purposes.
7. Review the feasibility assumptions used versus actual behaviour in delivery of projects or activity/initiatives to provide a lessons platform for the organisation.
8. Ensure integrity of financial modelling projects.
9. Prepare and present business specification and financial feasibility assessment for approval.
10. Performs other assigned duties as delegated by Management from time to time

Job Dimensions

1. Company’s business plan
2. Company’s annual budget
3. Project activities

Job Context and Challenges

1. Under researched and emerging market/s
2. Continuously monitor, review, re-assess and realign performance with set objectives and plan
3. Risk of incorrect analysis (quality control)
4. Difficulty in verifying integrity of data sourced from external sources
5. Data or research integrity
6. Executive Management Team / Board making impromptu decisions without considering impact

Quality Standard

(Performance expectations associated with Key Accountabilities of responsibilities)

1. Quality of outputs
2. Timely delivery of outputs
3. Variance / Error level ( Actual vs. Forecasted /modelled outcome)
4. Quality of financial models and effectiveness of market intelligence
5. Effectiveness of knowledge management within the company

Qualifications & Experience

1. First degree in Economics, Business Information System, Finance or other related field
2. Post undergraduate qualification or degree i.e. ACCA, CFA or MBA Finance is an advantage
3. 6 years’ work experience in the Oil & Gas sector in the following:

Method of Application

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