Specialist Project Economics

About the job – Specialist Project Economics

• Position Title: Specialist Project Economics
• Position Code: 14881
• Reports to: Manager Management Accounting & Reporting
• Division: Finance
• Department: Management Accounting & Reporting

JOB PURPOSE

To conduct project economics and capital budgeting cost benefit evaluations to support clients primary decision makers with internal operational and strategic decision making. The role involves, preparing compiling, analysing and validating economic and statistical data to provide evaluation and cost benefit analysis on future capital projects and including internal project performance, cost efficiencies, and financial forecasting, ensuring alignment with clients established financial and strategic goals.

JOB

DIMENSIONS

• Number of Staff Supervised:
  Direct Reports: 0
• Total Reports: 0

KEY

ACCOUNTABILITIES Economic Evaluation and Capital Budgeting Decision Making

• Develop financial models and statistical techniques to evaluate existing strategic investments, future major capital projects for top management decision making.
• Identify cost optimization and revenue enhancement opportunities by analyzing internal financial and operational data including validation of calculations provided by the relevant departments.
• Ensure that financial evaluations contribute to clients financial sustainability by identifying economic trends, risks, and opportunities in cost structures and revenue models.
• Support internal initiatives to enhance productivity, optimize resources, and drive economic efficiency within client.

Project Performance

• Assess the financial and economic feasibility of clients capital and operational projects.
• Perform cost benefit and cost-effectiveness analyses to optimize clients existing projects and identify efficiency gaps.
• Evaluate economic performance indicators for internal projects and propose recommendations to improve financial sustainability and operational efficiency.
• Ensure that project evaluations align with clients financial and strategic objectives.
• Post completion evaluation on the actual benefits of project after the project capitalisation.

Budgeting and Financial Planning

• Provide analytical support in budgeting processes, ensuring that economic insights contribute to more efficient financial planning.
• Monitor financial performance indicators relevant to internal economic assessments and make data-driven recommendations to optimize cost structures.

Continuous Improvement

• Identify and recommend continuous improvement initiatives based on economic insights, ensuring client remains competitive in cost efficiency and financial planning.
• Stay updated on global and regional economic trends, bringing industry best practices into internal evaluations.

Reporting

• Ensure that all sectional reports are prepared timely and accurately and meet clients requirements, policies, and quality standards.

Related Assignments

• Perform other related duties or assignments as directed by the Manager Management Accounting & Reporting.

COMMUNICATIONS & WORKING RELATIONSHIPS Internal

• Business Functions for CAPEX & OPEX Evaluation projects
• Business Excellence for Operational-related projects and affiliates
• Commercial for Market trends

External

• Finance service providers

CONTEXT, WORK ENVIRONMENT & DECISION-MAKING AUTHORITY

• The job holder is required to foresee and meet current and potential challenges presented by rapid operational and staff growth in creating and implementing effective finance strategy.
• Key decisions having significant impact on Financial section are referred to the Manager Management Accounting & Reporting for approval before implementation.

QUALIFICATIONS, EXPERIENCE, & SKILLS

Minimum Qualifications

• Bachelors degree in Finance from a reputable university
• CFA (Chartered Financial Analyst) or similar credentials
• Software Proficiency:
  Building financial models in Excel, Project Management Software skills

Minimum Experience

• Minimum of 10 to 18 years of experience in finance.
• Manufacturing/ steel industry experience is preferred.

Job-Specific Skills (Generic / Technical)

• Proficiency in English, Arabic is preferred
• Project management
• Stakeholder Engagement
• Financial Analysis
• Economic Evaluation
• Ability to…