Economic Analyst at the Organization of the Petroleum Exporting Countries (OPEC)

Organization of the Petroleum Exporting Countries (OPEC) - We coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.

We are recruiting to fill the position below:

Job Title: Economic Analyst

Job Code: 4.2.01
Location: Nigeria

Job Summary
Within the Secretariat, the prime objectives of the Department are:

• To provide pertinent and reliable information and analyses in support of decision-making and policy-making in Member Countries.
• To carry out, on a continuous basis, research programmes and studies on short-term petroleum market developments with the aim of issuing reports on a regular (i.e. daily, weekly, monthly and bi-monthly) as well as ad hoc basis highlighting important issues for their use and consideration.
• To conduct regular forecasts, elaborate and analyze oil market scenarios and prepare and publish reports on these findings.
• To promote OPEC views and technical analysis on short-term oil market developments to the industry at large and general public via the OPEC Monthly Oil Market Report (especially the feature article) as well as other reports, presentations and related pod casts.
• To prepare and contribute to reports to be submitted to the ECB, the BOG and the MMSC as well as papers for various OPEC publications.

Objective of Position

• To analyze key indicators and forecast global economic development in the short- to medium- term with emphasis on developing countries and countries in transition; to consolidate findings for inclusion in the Monthly Oil Market Report as well as reports for OPEC Governing Bodies; to prepare occasional and topical reports/studies as requested.

Main Responsibilities

• Analyses leading indicators of world economic development including trade, commodity prices and investments and on this basis monitors and forecasts short- to medium term developments with particular focus on developing countries and countries in transition.
• Prepares and comments on an economic outlook for developing countries, including OPEC Member Countries, for the Monthly Oil Market Report and other reports. Prepares and presents associated materials to meetings of the ECB.
• Contributes to economic studies in support of PSD analyses of oil demand in developing countries; monitors and assesses the impact of oil price, subsidies and taxation policies on the demand for oil.
• Builds up and pursues collaborative networks with Member Countries’ and other countries’ academic and business institutions to enhance pertinent data gathering and analysis.
• Participates in relevant task forces, external meetings and conferences in particular on subjects relating to analysis on and cooperation with oil consuming developing countries.
• Carries out any other tasks assigned by the relevant superiors as pertain to his/her background, qualifications and position.

Required Competencies and Qualifications
Educational Qualification:

• University Degree in Economics
• Advanced Degree preferred

Work Experience:

• University degree: 8 years
• Advanced degree: 6 years

Training Specializations:

• Macroeconomics, international trade and/or development economics,
• Knowledge of applied econometrics and quantitative methods an asset
• Knowledge of the oil industry an asset

Competencies:

• Communication skills
• Analytical and presentation skills
• Interpersonal skills
• Customer service orientation
• Initiative and integrity

Language:

• English

Others:

• Applicants must be nationals of Member Countries of OPEC and should not be older than 58 years.

Status and Benefits

• Members of the Secretariat are international employees whose responsibilities are not national but exclusively international. In carrying out their functions they have to demonstrate the personal qualities expected of international employees such as integrity, independence and impartiality.
• The post is at grade E reporting to the Head, Petroleum Studies Department. The compensation package, including expatriate benefits, is commensurate with the level of the post.

Application Closing Date
10th June, 2023.