Downstream Pricing Analyst

About the Role

Saudi Aramco | أرامكو السعودية is seeking a Downstream Pricing Analyst to join the Global Optimizer Development Department (GOD). This full-time role involves optimizing crude allocation and the operations of global manufacturing facilities to maximize revenue, increase profitability, and capture international market opportunities. The incumbent will be responsible for developing pricing tools, computing transfer prices, and coordinating with stakeholders for price validation and implementation.

Role Context and Purpose

The primary purpose of this position is to develop and enhance price forecast visualization tools, compute and issue transfer prices, and ensure their accurate implementation through coordination with various stakeholders. The Downstream Pricing Analyst will serve as the main source for refined products, crude, chemicals, and freight forecasts required by the Global Optimizer team and Affiliates Affairs organization, continuously assessing the implementation of transfer prices.

Key Responsibilities

• Develop, maintain, and continuously improve fit-for-purpose price forecast visualization tools.
• Consult with the Pricing Insights and Market Analysis team and Asset Economists (AE) to gather information on global events affecting the energy/oil & gas market and market trends.
• Gather data from forward curves of all crude and products, market premium or discount values, costs of freight, and other elements of Transfer Prices.
• Compute transfer prices daily for M till M+3, according to the planning cycle.
• Coordinate with AEs and market insights for the review and validation of prices to be issued.
• Issue price forecasts weekly to the AEs to ensure timely identification of opportunities, estimate uplift margins, and serve as a basis for negotiations among stakeholders.
• Issue actual transfer prices on the last day of the month for the following month, to allow for timely review.
• Perform periodic lookback of Transfer Price forecasting quality and identify trends.
• Perform random checks and assist the accounting department to maintain the quality of implemented prices on Standard and Non-Standard Cargoes.

Experience Requirements

Candidates should possess 8+ years of relevant experience for this role. Specific qualifications and educational requirements were not provided in the original job description.

Work Environment

Saudi Aramco offers a professional environment with challenging and rewarding opportunities. The company invests in capital and technology to support world-scale projects and addresses significant technical, logistical, and environmental challenges as a global energy company. There is a strong emphasis on talent development, with extensive workforce development programs designed to enhance sector-specific knowledge and competencies for employees at all levels.