Senior Economics Analyst Job Listing at BHP Billiton in Houston, TX
Energy, Metals & Mining
Senior Economics Analyst
Business / Project:
Full Time Regular (USA)
US - Texas - Houston
BHP Billiton is all about smart technology, innovation and great talent. If you want a challenging career and a chance to explore resource opportunities as well as your ambitions, we're the company for you. Think ahead. Think BHP Billiton.
Be thePetroleum Economics focal pointfor the business area: currently the team has vacancies for two business areas: 1.Global Exploration; 2. Conventional Producing Assets - Operated (both Houston-based). Similar positions are currently filled for other business areas but may be swapped if desirable.
Be thecustodian of theinvestment evaluation modelsfor the business area covered.
Providedirect investment evaluation supportto development projects and other business opportunities, in compliance with corporate requirements and applicable BHP Billiton Group guidelines, with the objective of maximizing business (shareholders') value.
Where the business area contains producing assets, provideguidance and assistanceto the production planners on all economic aspects of their role.
Conductpeer checksandfunctional assurance reviews.
Petroleum Economics focal point
Be the representative of the Petroleum Economics Function for the business area covered.
Maintain an understanding of the assets, projects and business context (e.g. fiscal terms and regulatory issues having an impact on economics) for the business area.
Keep abreast of all new valuation protocols and guidelines, implement them on an ongoing basis as necessary, and be prepared to explain them to the asset/project teams.
Direct investment evaluation support
Responsible for (i.e. perform) the economic analysis as required for the business opportunities and projects under the tollgate process, and for the associated submissions to Petroleum Management and Group.
Provide functional assistance to other business areas when necessary.
Deliver sound, consistent, fit-for-purpose and timely analysis into investment and business decisions, in compliance with all applicable protocols and guidelines.
Apply appropriate decision analysis and risk and uncertainty evaluation techniques.
Seek and encourage exploration/ project/ asset teams to consider value enhancing alternatives, while maintaining a sense of realism and avoiding wasteful analysis.
Adapt the scope and level of detail of the analysis to the circumstances, the audience and the decision at stake.
Deliver results in a concise and easy-to-understand way, with a focus on relevant and insightful information.
Ensure that independent assurance reviews are conducted as necessary.
Custodian of theinvestment evaluation models
Build, maintain and document the investment evaluation models needed to support the evaluation work for the business area, in compliance with the PEE modelling standards and valuation principles.
This requires engaging with other functions in the company, such as technical, fiscal, finance, legal and marketing, in order to gather all the relevant information needed to build the model and design data interfaces.
Guidance and assistance to Production Planners(if applicable)
Train and support the production planners in using the investment evaluation models.
Be accountable for (i.e. guide and verify) the economic analysis and submissions performed by the production planners.
- Ensuring that the economic model is used correctly;
- Ensuring that macro-economic parameters used are applied correctly;
- Provide guidance on the analysis process and the interpretation and presentation of the results.
Note: Production Planners are typically engineers placed into the Planner position for developmental purpose. One aspect of their development is getting exposure to investment evaluation principles and practice. This is achieved by a mix of formal training, provided by the PEE function, and on-the-job training, in which the Senior Economics Analyst is expected to play a prominent role.
Peer checks and functional assurance reviews
Provide peer challenge / peer checks to fellow Petroleum Economics analysts in other business areas when required.
Conduct independent functional assurance reviews when required. This may include reviews in the Group's other divisions.
BEHAVIOURAL & LEADERSHIP COMPETENCIES
Develops Organisational Capability
Fosters Creativity and Innovation
Applies Strategic Business Perspective
Brings out the Best in Others
Sets Direction and Builds Alignment
QUALIFICATIONS AND REQUIREMENTS
The Petroleum Economics analyst has a special vantage point on the business as the recipient of information and data covering all technical and commercial dimensions of assets, projects and deals. Successful analysts are those who leverage this vantage point and are able to clearly -qualitatively- articulate, and appropriately quantify, the risks and rewards of business opportunities, thereby helping management to make informed, value-maximizing decisions. Individuals with an Engineering or Business/Finance background can add value to, and thrive in, this position, as long as they display curiosity and pro-activeness in reaching out to the other disciplines. Formally, this position requires a minimum of a Bachelor degree. The ideal candidate has a combination of Engineering and Business/MBA/Finance qualifications.
A minimum of eight years experience in petroleum/mining economics is required.
Prior experience in petroleum/mining in other roles (Engineering, Operations, etc) is an advantage.
- A general level ofSkilled Applicationin the area of Investment Evaluation (principles and practice);
- A general level ofSkilled Applicationin the areas of Petroleum economics (fiscal systems, exploration, projects, transactions) and Risk and Uncertainty analysis (deterministic and probabilistic techniques);
- Strong Excel skills and experience with probabilistic software and decision analysis packages (Crystal Ball, @risk, Precision tree).
In addition, user skills of MS Powerpoint and Word are necessary.
*Refer to the Petroleum Economics Competence framework:
Fundamental Application: Able to perform in routine situations, with supervision
Skilled Application: Able to perform in routine situations without supervision and non-routine, complex situations with supervision.
THINK OF THE OPPORTUNITIES WITHIN BHP BILLITON. THINK LOCAL. THINK GLOBAL.
With 44,000 employees working in more than 100 operations in approximately 25 countries, we represent the world's largest diversified resources company. We take our commitment to the communities in which we operate and do business in very seriously, and we are committed to operating safely and sustainably.
M/F/D/V EEO/AA Employer
7 Jan 2013 Central Standard Time
Apply on Company Website
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