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Senior Economist & Business Partner

United Kingdom,--Aberdeen
Job Contract
Job Type
Full Time
Reference No.

Senior Economist & Business Partner

Reporting to the Head of Business Partnering the Senior Economist and Business Partner will provide key support to all stakeholders through risk-based economic modelling and analysis as well as inputting into Asset planning and strategy throughout the Business Planning Cycle.

The responsibilities of the role include

Investment and portfolio analyses and co-ordination of the build-up of the long-term capital budgets;

Preparation of internal and external joint venture budgets and forecasts;

Support preparation of license/JV reports and JV asset management reporting

Support of the performance management and controlling of the assets to create visibility for, and early challenge of, key performance issues.

Contribute to/Align the templates & format for ALR and Plan (co-ordinate with PP&A team).

Identify & drive improvements and good practices in day-to-day activities.

The Senior Economist and Business Partner will facilitate the interaction and knowledge transfer where required, between the wider asset teams and the Finance Partnering team.


Develop strong relationships with key stakeholders;

Have the business and Finance knowledge to facilitate between the business and Finance Partnering team as well as the Fin Ops and the PP&A teams;

Provide support in developing and analysing asset/hub level options and overall asset level strategy;

Provide challenge for change by seeking out value opportunities and input to initiatives critical to delivering the asset level strategy;

Support the assets in the yearly Business Planning Cycle.

Economic Modelling and Analysis & Decision Support

Provide analytical support to the asset team and act as the focal point for all economic modelling and analysis on investment decisions such as drill-or-drop decisions, decommissioning projects, development concept, new wells, IOR projects etc.;

Interrogation, review and challenge of technical assumptions provided by other areas of the business i.e. subsurface, drilling, operations etc;

Understand and advise key stakeholders on potential opportunities through use of the appropriate economic analysis tools (PALANTIR etc) combined with probabilistic modelling and scenario testing facilitating an objective review;

Support/drive the Life-of-field reviews and key milestones in the yearly Business Planning process and other decision meetings (IDC, Board, ...) incl coordinating inputs from asset teams, preparing papers and presentation materials;

Provide analysis of asset and goodwill values to be used in mid-year and year-end impairment reviews;

Analyse and evaluate the license/non-op portfolio (where applicable); volumes, investment program, asset value using economic tools and industry software;

Maintain hub models and project dependencies in the relevant systems (such as Palantir)

Work closely with the Tax team to understand and adequately reflect the tax impact of investment opportunities.

Aid in implementing standards and controls;


Responsible for internal budgeting, forecasting and controlling for dedicated assets.

This includes

Preparing internal operational and revised operational plan

Controlling asset information in Group reports and forecasts

Financial controlling and follow up assets

Responsible for external budgeting, reporting and follow up on dedicated operated assets This includes:

Preparing license budget &work plan

Preparing license/JV reports

Preparing financial information to management committee

Competencies and Qualifications

Strong analytical skills & critical thinking- Able to perform complex analytical problem solving, producing a high quality and fit-for-purpose work products and provide check and challenge to the business in their decision making in an effective and constructive manner;

Strong communication skills - ability to summarise complex matters and communicate effectively to influence a range of audiences;

Good people skills and team player attitude - ability to develop effective working relationships with key stakeholders and peers; ability to work beyond nominal job description depending on new opportunities arising;

Strategic thinking - able to step away from the detail and combine data with external trends and market data to see the bigger picture; identify improvements and subsequently implement an appropriate solution;

Sound business judgement and ability to identify opportunities and;

Ability to adjust/manage workload in line with at times tight deadlines;

Culturally aware and sensitive to local practices and issues;

Drive, determination, energy and a positive attitude;

Able to work with limited supervision.

Technical/Role specific

Experienced within economic and financial modelling;

Ability to carry out project/investment appraisals, probabilistic analysis and Monte Carlo simulation;

Practical hands-on experience with Palantir suite preferred, particularly CASH;

Advanced MS Excel and PowerPoint skills (incl think cell)

Understanding of the oil and gas market and technical disciplines

Familiarity with driving performance management culture through active use of KPIs


Master’s degree (in Finance/Economics/Accounting or equivalent) or equivalent professional qualification

Work Experience

Previous experience in the Oil and Gas industry in the relevant discipline, including experience of petroleum economics with an E&P operator

Strong economics background with good knowledge of relevant fiscal regimes

Track record of building economic and financial models; presenting challenging ideas to business leaders; creating robust forecasting and budgeting as well as underpinning decisions with sound financial accounting and planning

Recruitment Specialist

Lisa Findlay
01224 628236
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