Oando PLC is one of Africa's largest integrated energy solutions providers is recruiting for the Position of a Junior Economist. It has a primary listing on the Nigerian Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP), the Oando Group comprises six companies who are leaders in their market. At Oando, we always on the look out for highly skilled, enthusiastic and dedicated people who can contribute to our continuing success.
Oando Nigeria Limited is recruiting for the position of:
Vacancy Title: Junior Economist
Vacancy Code: JE/FT//79268
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 or opportunities 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.
Application Closing Date
29th July, 2013
Method of Application
Interested and qualified candidates should
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