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Petrochemicals Market & Cost Senior Associate

Date:  Jul 9, 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 key Feedstock cost modeling​ 
  • Market and vendor utilization reviews​ 
  • Import/Export analysis​ 
  • Raw Material Price Forecasting​ 
  • Challenging current strategies 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

 

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.

 


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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