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 oropportunities 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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