Economics & Investment Manager

Petroleum Development Oman (PDO)

Main Tasks & Responsibilities

Investment Evaluation and Decision Support:

• Lead the review and economic assessment of all investment proposals presented to executive management or investment committees.
• Ensure investment cases are supported by sound financial models, clear business logic, and commercially robust assumptions.
• Conduct critical analysis of project IRR, NPV, payback, sensitivities, and scenario planning.
• Provide challenge and validation to business units on key assumptions (e.g., price decks, CAPEX/OPEX estimates, offtake terms, risk factors).

Financial Modeling and Economic Analysis

• Oversee development and enhancement of financial models used for investment appraisal, business valuation, and scenario analysis.
• Ensure consistency, transparency, and alignment with corporate guidelines or valuation methodologies.
• Support cross-functional teams with economic inputs during commercial negotiations or strategic reviews.
• Review valuation models related to M&A, divestments, partnerships, or new ventures and contribute towards any commercial negotiations.

Strategic & Portfolio Support

• Work closely with the Asset Management team to identify value-creation opportunities across the company s existing portfolio of assets.
• Support the development of asset-level strategies/KPIs through performance benchmarking and commercial risk assessments.
• Collaborate with cross-functional teams to enhance asset returns through cost optimization, contract renegotiation, capacity expansion, or refinancing initiatives.
• Contribute to strategic portfolio reviews, including hold/sell analyses, divestment planning, or capital reallocation decisions.
• Conduct annual valuation exercise for management reporting purposes.
• Collaborate with Asset Management to monitor the performance of existing assets versus investment case expectations.
• Support the preparation of economic analysis for Board and senior management presentations as and when needed.

Mentorship & Capability Development

• Manage, and develop a team of specialists/analysts, ensuring high standards of analytical rigor and professional growth.
• Drive a culture of continuous learning and performance within the team.
• Set clear objectives, review deliverables, and manage workload allocation across the team.
• Ensure knowledge transfer, standardization of best practices, and development of internal tools/templates.

Stakeholder Management

• Act as a key point of contact for Business Development, Asset Management, Strategy, and other functions requiring economics and financial modeling support.
• Represent the Economics Department in project reviews, investment committees, and inter-departmental meetings.
• Build strong relationships with internal and external stakeholders to ensure alignment and credibility of economic analyses.

Policy, Governance, and Compliance

• Develop and maintain internal policies, procedures, and manuals related to investment evaluation, financial modeling, and economic analysis.
• Ensure alignment of departmental practices with corporate governance, risk management, and investment approval frameworks.
• Periodically review and update processes to reflect best practices, regulatory changes, and organizational needs.
• Support internal audit and compliance functions with relevant documentation and justifications.