Business Economist

Renaissance African Energy Company (RENAISSANCE) is on a dynamic journey to evolve into a world-class energy powerhouse, unleashing the entirety of our growth potential through collaborative efforts. Seamlessly weaving through the midstream value chain and fortifying our core capabilities, we stand ready to be the cornerstone of national development and industrialization, signaling a new era of unparalleled progress. We are recruiting to fill the position below:

Job Title: Business Economist

Location: Port Harcourt, Rivers

Employment type: Full-time

Responsibilities

Provide fit-for-purpose economic valuations of investment opportunities and accurate portrayal in investment proposals. Provide insights on portfolio and investment options as well as assisting with FDPs and business strategy Lead preparation of annual project business plans and the Annual Review of Petroleum Resources (ARPR) Champion Risk & Uncertainty assessment in the organization Lead and advance the application of Decision Analysis methodologies Actively engage with customers and manage deliverables under often tight timelines Coach staff across the business on economic principles, valuation, and project screening Help teams properly frame decisions and apply fit-for-purpose decision processes Lead in the capture and use of economic and commercial learnings via project lookbacks, and maintain documentation and archival of investment proposals, opportunity mandates etc The incumbent will support the projects as a core member of the multi-disciplinary opportunity team with the objective to deliver value insights to enhance the opportunity value proposition in close co-operation with the other members of the team.

Requirements

A Bachelor’s Degree in Business, Finance, Geosciences or Engineering or equivalent. Minimum of 9 years’ relevant experience in commercial analysis, financial modelling, mergers and acquisitions (M&A), and midstream and downstream economics Experience in Upstream Oil & Gas or Integrated Gas businesses is desirable Proven expertise in valuation of deals / economics / finance is an added advantage with a demonstrated track record of delivering business value and commercial outcomes. Strong analytical, commercial, and stakeholder management capabilities, with evidence of successful performance across progressively responsible roles Skills & Competencies: For this role we are looking for ambitious candidates with very strong analytical mindset as well as demonstrable technical, economics, financial and/or commercial understanding/expertise. A self-starter, an excellent verbal, visual and written communicator who will be able to hold discussions with senior leaders in all disciplines that are relevant to their opportunity. Furthermore, the candidate should have a good interpersonal and leadership skills with a flexible yet result-oriented style as well as a demonstrated ability to manage a variety of tasks and meet deadlines with minimum supervision. The incumbent is expected to demonstrate leadership behaviours appropriate for their role. Specifically, the team values the following 6 core Behaviours: Courageous – be proactive, take initiative, while staying open to insights from others Collaborative – working together to find solutions Clarity – focus on business problem needed to be solved, with clear messaging of insights Ingenuity – always look for a better way, demonstrate critical thinking in practice & insights Care – actively listening and showing respect Balance - actively managing your workload and helping others to do so. The Economics and Commercial function is committed to supporting flexible working arrangements where feasible.