Job Openings Specialist Project Economics

About the job Specialist Project Economics

1. JOB DETAILS:
Position Title: Specialist Project Economics
Position Code: 14881
Reports to: Manager Management Accounting & Reporting
Division: Finance
Department: Management Accounting & Reporting

2. 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.

3. JOB DIMENSIONS:
Number of Staff Supervised
Direct Reports: 0
Total Reports: 0

4. KEY ACCOUNTABILITIES:
Description

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 costbenefit 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.

5. 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

6. 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.

7. 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 provide strategic direction and swiftly adapt the plans in line with changing trends.
  • Deep understanding of finance in manufacturing business and related industry preferably.
  • Strong communication and presentation skills.
  • Excellent relationship building and negotiation skills.
  • Excellent problem-solving skills.
  • Excellent planning, organizational and time management skills.

8. CORE COMPETENCIES:

  • Creativity and Innovation: Generating viable, new approaches and solutions.
  • Work Ethics and Values: Demonstrating and supporting the organization's ethics and values.
  • Teamwork: Working collaboratively with others to achieve organizational goals.
  • Concern for Safety: Identifying hazardous or potentially hazardous situations and taking appropriate action to maintain a safe environment for self and others.

9. JOB FAMILY COMPETENCIES:

  • Analytical Thinking: Analysing and synthesizing information to understand issues, identify options, and support sound decision making.
  • Information Gathering and Processing: Locating and collecting data from appropriate sources and analysing it to prepare meaningful and concise reports that summarize the information.
  • Financial and Management Accounting: Developing and implementing processes and procedures to ensure the effective recording, tracking and management of revenues and expenditures.

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