Economist at Oando Plc

Oando Plc is one of Africa’s largest integrated energy solutions provider with a proud heritage. It has a primary listing on the Nigeria Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP).

We are recruiting to fill the position below:

Job Title: Economist

Location: Lagos
Employment Type: Full-time
Reports to: Assistant Manager, Economics

Job Purpose

• The Economist will assist the Economics department in providing sound, efficient and commercially robust analysis for strategic decision-making. 
• The individual will support in economic evaluations of projects, and new business opportunities as well as periodic and ad-hoc re-evaluations of current assets. 
• The Economist will also be expected to undertake tasks including but not limited to operations performance monitoring, tracking commodity prices, monitoring current events relating to the E&P industry, industry/market analysis & intelligence, trend/competitor analysis, and preparation of briefing documents. 
• The Economist is expected to possess the ability to understand and develop relatively complex models, understand Nigerian fiscal regimes, and assimilate a confident understanding of OER’s business and strategy. 
• As the 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 or opportunities.

Major Responsibility Area

• Support the Economics department by providing analysis, sourcing data, preparing presentations & reports as required
• Update and develop models for commercial evaluation and decision analysis, as well as scenario and sensitivity analysis to assess various investment opportunities
• Assist in evaluating potential assets to ascertain viability for acquisition/divestment and merger targets
• Conduct comprehensive economic analysis to evaluate profitability/viability of projects, including production optimization and cost management strategies
• Generate in-house forecasts of relevant commodity prices and rates for internal planning purposes and decision basis
• Analyze fiscal regimes and regulatory frameworks relevant to the company’s operations, to assess their impact on business operations & profitability
• Track individual asset performance against budget and operational plan, and analyze production data and performance metrics to identify opportunities for enhancement in asset management
• Monitor commodity prices and industry & market trends.
• Update market information when required and contribute to reports on trends in the oil & gas industry and OER operations performance.
• Conduct specific topical research and analysis as required.
• Comply with approved decision-making and monitoring systems, processes, procedures & policies and ensure effective controls are adhered to in handling job duties.
• Support the origination, closing and ongoing management of transactions.
• Other duties as assigned

Job Specification

• Undergraduate degree in petroleum disciplines or business/economics or other relevant fields from a reputable University
• A postgraduate degree in economics or petroleum or energy-related disciplines would be an added advantage
• One degree level (either undergraduate or postgraduate) must be in Economics
• 3 - 5 years post-NYSC experience in an operator environment (e.g. Economics & Planning); 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

Key Performance Indicators

• Quality, comprehensiveness, timeliness and accuracy of data provided for analysis
• Quality and depth of analysis
• Accuracy and timeliness of output for decision-making and meeting statutory reporting timelines
• Creativity and innovativeness
• Initiative and enthusiasm, constant self-improvement
• Adherence to policies, processes and procedures

Core Competencies:

• Strong numerical & analytical skills
• Detail-oriented with strong organizational skills
• Networking & Relationship Management
• Business performance monitoring and reporting
• Initiative and a keen/acute sense of judgment, decisiveness and self-discipline
• Creativity and innovation
• Ability to work independently and collaboratively in a team
• Excellent verbal, written & visual communication abilities
• Basic understanding of oil & gas industry dynamics.

Application Closing Date
Not Specified.