This is a staff permanent role that will be office based in Cairo
Position Title: Senior Economist
Expat or Local: Local only
Staff or Temp: Staff
Expected package: To be discussed
Location: Cairo, Egypt
Roles and Responsibilities
Play a pivotal role in our MENA finance team, ensuring the accuracy and integrity of financial records while facilitating interactive collaboration with headquarters, partners, and joint ventures. The role will focus on PSC accounting, IFRS reporting, JV coordination, and asset accounting. Responsibilities will include but not limited to:
- Own and maintain the economic models of BU MENA, ensuring alignment with corporate methodologies and integration of local assumptions.
- Collaborate with the Corporate Economics team to implement and align Economic Models (EMOs) and ensure correct application of metrics and pricing assumptions.
- Lead the development and enhancement of local economic tools and methodologies tailored to each specific business case.
- Conduct comprehensive economic evaluations and financial analyses to support planning cycles, project approvals, and strategic decisions.
- Perform sensitivity and scenario analysis on key variables such as prices, production, costs, and timing.
- Prepare and maintain financial memorandum, including full documentation of assumptions, results, and alignment with Stage Gate and Project Approval processes.
- Evaluate new business opportunities, including M&A, farm-in/farm-out prospects, and bid rounds, by assessing options from an economic and commercial perspective.
- Support impairment testing and calculation of Federal Investment Guarantee (FIG) metrics in coordination with the corporate team.
- Support the BU MENA Risk Management process by assessing the financial impact of risks and opportunities and contributing to ERM submissions.
- Support the Management Team with ad-hoc requests, economic analyses, strategic presentations, and project ranking activities as needed.
- Follow up the execution of the relevant work procedures and the operating work instruction pertaining to HSES requirements.
Critical Skills, Qualifications, Experience
- Bachelor university degree, Master of Business Administration with a focus on finance, economics, planning and performance management is preferred.
- Over 10 years of experience in oil and gas industry, with a strong background in economic evaluations and financial modelling.
- Deep understanding of upstream fiscal regimes, project evaluation methodologies, and valuation metrics.
- Advanced experience in developing and running economic models, including cash flow analysis, NPV/IRR calculations, and scenario testing.
- Advanced Excel and modelling capabilities, with strong analytical skills, attention to detail, and proactive mindset towards solving problems.
- Effective communicator with the ability to explain complex economic concepts clearly to stakeholders.
- Full command of English, both spoken and written.