SOCAR Upstream Management International LLC

Lead Economist (Petroleum)
Job duties:
Valuation, Economic Analysis and Modeling:
- Build, maintain and review economic models for Assets managed by the Company, as well as for other Assets under the business development initiatives
- Communicate regularly with operators and contractor parties to obtain updates related to the Assets
- Conduct economic evaluations of projects at various development stages and contribute to preparation of business cases supporting commercial activities
- Perform detailed economic and commercial analysis related to netback, fiscal terms, taxes – royalties, and other value drivers
- Prepare and deliver presentations and reports summarizing valuations, due diligence findings, and economic analyses Economic and Decision Support
- Review and analyze project documentation and decision-support materials issued by Operators and other parties
- Represent the Company in formal meetings and committees related to managed Assets; provide commercial input on meetings and coordinate agendas as required
- Address both regular and ad-hoc requests covering Finance, Economics, and Business Development activities
- Coordinate commercial matters with other parties and contribute to drafting, reviewing, and negotiating commercial agreements
Leadership & Team Development
- Consistently support junior team members by providing regular constructive feedback
- Contribute to a collaborative team environment by offering support and assistance when needed Ensure consistency and best practices in economic evaluation across the company
Essential experience and job requirements:
- University degree in Finance, Economics, Engineering, Mathematics, or a related field
- Minimum 5 years of experience in a relevant field
- Strong knowledge of corporate finance, upstream oil & gas, and PSA, including fiscal terms, economic/financial modeling, and valuation
- Professional courses and trainings on oil & gas economics, certifications such as FMVA, CFA, ACCA, or equivalent will be considered an advantage
- Proficiency in Azerbaijani and English (both written and spoken)
- Advanced skills in MS Package
- Thinks logically, interprets complex data, and develops clear economic insights to support decisions
- Collaborates effectively, listens to others, contributes to team success, and fosters knowledge sharing
- Demonstrates curiosity and commitment to continuous learning, delivers reliable high quality work, and ensures data integrity
- Delivers clear, well-structured presentations and communicates complex concepts professionally
- Strong team collaboration skills, with the ability to listen, communicate, and share knowledge openly