Job Description
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Petrochemicals Market & Cost Senior Associate
Date:
Jun 10, 2024
Location:
Columbus, OH, US
Company Overview
Grounded by a history that is deeply rooted in innovation, Hexion is a global employer committed to building and protecting the future by producing innovative performance materials. Our materials are the building blocks for critical industries, including construction, agriculture, energy, automotive, and infrastructure protection. Everywhere you look, you will find our materials and people at work to help customers make products that are stronger, safer, and cleaner. When you work for Hexion, you'll join a team that is committed to operating safely and with integrity to build a more sustainable future for all, our associates, our customers, and the communities where we live and work.
Position Overview
We are seeking a highly motivated and experienced individual to join our team as a Petrochemicals Market and Cost Senior Associate. In this role, you will be responsible for analyzing market trends, assessing cost structures, and providing valuable insights to support strategic decision-making within our organization.
The Petrochemicals Market & Cost Senior Associate stewards and integrates chemical stream and supply chain economics into both functional and corporate growth initiatives. Acting as either program lead or subject matter expert, the candidate drives measurable value by translating information into actionable insights, framing growth opportunities for investment alignment, identifying competitive threats, and managing program milestones as part of the extended corporate transformation network.
The Petrochemicals Market & Cost Senior Associate will operate in a quick-paced execution environment and utilize their industry background to navigate the fast/precise continuum. As such, the ability to leverage global resources and influence without authority are critical functions of this role.
Job Responsibilities
Market Analysis:
Conduct comprehensive research and analysis of global petrochemicals markets, including supply, demand, pricing dynamics, and emerging trends.
Monitor industry news, regulatory developments, and geopolitical factors influencing market conditions.
Identify opportunities and threats within the market landscape and provide actionable recommendations to stakeholders.
Cost Analysis:
Analyze cost structures across various stages of the petrochemicals value chain, including raw materials, production, transportation, and distribution.
Utilize financial modeling techniques to evaluate cost drivers, identify inefficiencies, and propose cost-saving initiatives.
Collaborate with cross-functional teams to optimize procurement strategies and enhance operational efficiency.
Forecasting and Reporting:
Develop accurate forecasts for key petrochemicals products based on market analysis, demand projections, and operational data.
Prepare regular reports, presentations, and dashboards to communicate findings, trends, and insights to senior management and relevant stakeholders.
Monitor KPIs and performance metrics related to market and cost analysis, identifying areas for improvement and optimization.
Strategic Support:
Provide strategic support to senior leadership in developing long-term business strategies, investment decisions, and risk management initiatives.
Participate in cross-functional projects and initiatives to drive growth, innovation, and competitive advantage in the petrochemicals sector.
Collaborate with internal teams, external partners, and industry associations to stay abreast of best practices, industry benchmarks, and emerging technologies.
Develop insightful sourcing, logistics, and supply chain evaluations to frame options, KPI's, and appropriate strategies that drive value
Producer and keyFeedstock cost modeling
Market and vendorutilization reviews
Import/Export analysis
Raw Material PriceForecasting
Challenging currentstrategies and BATNAs
Lead global business initiatives from project scoping through implementation, including critical path, milestone tracking, and stakeholder communications
Assemble and refine a repository of chemical stream insights including process economics and competitive footprints to support procurement strategies and growth initiatives
Leverage and engage corporate analytical, engineering, and technology resources to accelerate project deliverables and decisions, including quick Go/Kill decisions
Partner with the Procurement Team and Supply Chain Leaders to embed value-added insights and tools into standardized SCS processes
Develop strong relationships with internal and external stakeholders
Design and support of RFI, RFP and RFQ in partnership with procurement partners.
Competencies
Drives scope development and management
Influences without authority
Comfortable managing raw data and understanding how it fits into the broader picture of the specific analysis being performed
Builds credibility from synthesis, flexibility, and prioritization
Incorporates scenarios and options to frame uncertainty
Creates value by distilling data into industry trends and competitive insights
Develops metrics to track progress towards goals
Demonstrates a sense of personal urgency and energy to achieving results
Leads value creation through the empowerment of others, sharing information, and leveraging knowledge across the organization
Adept at Future Based thinking
Required Skills
Ability to quickly synthesize and distill industry data and information into relevant economic drivers and leverage points
Able to challenge status quo to drive required change where needed
Program leadership and skilled at escalating and resolving barriers or milestone gaps to keep on-target
Working knowledge of cost estimation, expected value, capacity utilizations, and optimization techniques
Organic chemistry knowledge
Proficient at navigating the fast/precise continuum and using engineering rules-of-thumb to build cost and decision models
Strong collaboration skills and the ability to build relationships and influence others, at all levels
Meets deadlines and works under pressure, with limited supervision
Maintains confidentiality as required
Minimum Qualifications
8-10 years relevant combined chemical/industrial economic evaluations.
Experience in petrochemicals, energy, or related industries, with a focus on market analysis, cost management, or strategic planning.
Demonstrated success leading cross-functional programs in a matrixed environment
Experience developing economic models integrating sourcing, supply chain, trade flow data, and process economics
Strong ability to frame risk/opportunities with progressive levels of detail
Proficiency in working in a fast-paced, complex, dynamic, multicultural business environment
Ability to travel as needed
Education Requirements
Bachelor's degree in Business, Economics, Finance, Engineering, Chemistry or related field.
Master's degree preferred
Other
To be considered for this position candidates are required to submit an application for employment through our career site, be at least 18 years of age, willing to take a drug test, submit to a background investigation as part of the selection process, as well as additional periodic background checks as required by the Chemical Facility Anti-Terrorism Standards (CFATS) or regulations adopted by the department of Homeland Security or other regulatory agencies.
Candidates are required to have unrestricted authorization to work in the United States.
Nearest Major Market: Columbus
Nearest Secondary Market: Dublin
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We are an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to gender, minority status, sexual orientation, gender identity, protected veteran status, status as a qualified individual with a disability or any characteristic protected by law.
