(Refinery Chemical) Senior Business Development Specialist - Lp & Economics Modeling

This role required candidate to permanently relocate at Dhahran, Saudi Arabia.

About the Company


This company engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment includes crude oil, natural gas and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Job Summary

We are seeking a Business Development Specialist to join East Hub Division of the LTC Business & Project Development Department to set up the Linear Programming (LP) and economics model, 3rd party Build Own Operate and Maintain (BOOM) evaluation model, project financing as well as interface management amongst groups with technical, execution and commercial SMEs. Business Development Specialist will be reporting to the Manager and work closely with modeling and optimization engineer and other project members.

Responsibilities:

• Ensure the details and basis/assumptions of the economics model and LP are aligned.
• Establish and evaluate various market scenarios to support and enhance the project's value.
• Develop the economics for Value-Add and Capital Efficiency items and provide the required details for commercial assessment.
• Assess Chemical Competitiveness and provide insights on options to improve overall economics.
• Provide the necessary economics parameters, including the Net Present Value (NPV) and Internal Rate of Return (IRR).
• Ensure internal alignment among shareholders and concerned parties regarding the economics parameters.
• Facilitate the interface and interaction between the Government Engagement, GHG Abatement, Finance Readiness Workstreams, and the Project Development Group.
• Track the development of Gate deliverables necessary for Management approval and identify areas needing additional support to meet target dates.
• Define and participate in Case Study deliverables, identifying key optimization initiatives for the overall facilities scope, cost estimates, and schedule.
• Collaborate with the Government Engagement Workstream to determine the economic impact of job creation and GDP within the Kingdom, updating figures in each phase and ensuring stakeholder alignment.

Requirements:

• Minimum of 15+ years of experience in the Refining & Chemicals business.
• Strong execution, commercial, and project financing experience.
• Experience in new business development, specifically in evaluating and selecting third-party BOO/BOOT projects.
• Experience in infrastructure, third-party, and interface management.
• Knowledge and experience in PIMS LP to develop and modify new or existing LP models.
• This role required candidate to permanently relocate at Dhahran, Saudi Arabia.
• Previous experience in LP & Economics Modeling.
• Proficiency in economic model development and analyses.
• Bachelor's degree in Chemical Engineering from a recognized and approved program.
• Ability to manage technical interfaces effectively.