Head of Economic Evaluation

Job Summary:

This role holder is responsible for leading the economic and financial assessment of investments, plant improvements, and major capital projects to support the decision-making process. The role holder ensures that the company’s capital expenditure decisions are economically sound, strategically aligned, and contribute optimally to the company's long-term growth and profitability.

Key Accountabilities:

• Act as a key advisor to Management, providing economic insights and ensuring all applicable proposed plant improvements, major capital projects, and investment portfolio decisions align with the company's short- and long-term strategies, market conditions, and sustainability goals.
• Monitor market trends, regulatory developments, and competitive dynamics in the global ammonia, urea and melamine industry to support strategic investment decisions.
• Develop and maintain robust methodologies, models, tools for economic and financial analysis, including cost-benefit analysis, sensitivity analysis, and scenario planning tailored to the fertiliser sector.
• Collaborate with external stakeholders (i.e., QatarEnergy, consultants, etc.) to ensure alignment with corporate and market objectives.
• Lead the comprehensive preparation and review of significant business cases, encompassing expert guidance, oversight, and in-depth economic and financial analysis for new projects, strategic initiatives, capacity expansions, technology upgrades, and operational efficiency projects, to ensure robust, data-driven decision-making. This includes, but is not limited to, the calculation of financial metrics such as Discounted Cash Flow (DCF), Net Present Value (NPV), Internal Rate of Return (IRR), Discounted Payback Period (DPP), Value Investment Ratio (VIR), and Return on Investment (ROI).
• Develop detailed economic and financial models to support business cases, incorporating relevant assumptions on revenue, operating costs, capital expenditure, taxation, and financing structures.
• Identify and quantify financial risks, providing recommendations for risk mitigation and contingency planning.
• Support the capital project governance committees to ensure robust and consistent evaluations for decision-making across all decision gates.
• Collaborate with cross-functional teams - including Production, Maintenance, Engineering, Projects, Technical, Finance, and Business Development - to ensure thorough benefit estimation and economic considerations are integrated at every stage of project development and execution.
• Ensure that economic and financial evaluations consider both direct financial impacts and broader operational implications, such as resource allocation and long-term sustainability.
• Verify the attainment of project benefits during the post-implementation audit process. Identify and record lessons learnt for future analysis.
• Play a supporting role in the annual capital budgeting cycle, providing economic insights and prioritization of proposed projects, ensuring optimal use of capital resources in collaboration with Finance Department.
• Prepare and support management-level documentation and presentations for capital expenditure approvals, ensuring alignment with the requirements of the capital project committees.
• Contribute to the identification of opportunities for continuous improvement of processes and practices considering international and local best practices, improvement of business processes, cost reduction, KPIs, and productivity improvement.
• Involved in the development program for Nationals and other team members, and responsible for people management. 
• Review and provide necessary recommendations for improvements on the departmental policies to ensure smooth operations and establish a positive image of the company internally and externally.

Desired Candidate Profile:

• Bachelor’s Degree in Finance, Economics, Engineering or relevant discipline.
• 10-12 years of experience in a similar role preferably within the fertiliser, petrochemical or oil & gas industry.
• Proficient in using advanced analytical tools and financial modelling software.