Management Executive Pricing (Contractual Role)

PARCO - Pak-Arab Refinery Limited

Karachi , Pakistan

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Pak-Arab Refinery Limited (PARCO) is seeking a skilled professional to support its Product Pricing function with a focus on evaluating commercial and financial factors that directly influence the company’s overall profitability. The role involves developing pricing strategies, analyzing market trends, and ensuring compliance with regulatory guidelines to optimize profitability while maintaining competitiveness in the oil and gas sector.

Key Responsibilities
- Develop pricing strategies to optimize profitability while remaining competitive in the market.
- Determine monthly prices for local crude oil and condensate received from multiple Exploration & Production (E&P) fields.
- Set Ex-Refinery prices for regulated petroleum products such as High-Speed Diesel (HSD), Motor Gasoline (MOGAS), Light Diesel Oil (LDO), and Aviation Fuels in accordance with policy guidelines.
- Propose Ex-Refinery prices for deregulated products including Furnace Oil (FO), Bitumen, Sulphur, and MOGAS-95 to the Pricing Committee, supported by thorough commercial and financial analysis.
- Update the SAP Pricing Master with ex-refinery prices, Import Freight Equalization Margin (IFEM), distribution margins, petroleum levies, premiums, and discounts.
- Coordinate with the Oil & Gas Regulatory Authority (OGRA) for the settlement of refinery claims related to IFEM and manage submission of refinery payables to IFEM, including audits by third parties.
- Prepare profitability reports for the marketing segment to support strategic decision-making.
- Manage internal and external activities related to subscriptions of various international price assessment benchmarks and conduct market/price studies.
- Provide necessary support in developing the company’s annual budget for pipeline, refinery, and marketing business units.
- Ensure compliance with OGRA regulations, Ministry of Energy (Petroleum Division) guidelines, crude oil/condensate sales agreements, and management directives during pricing strategy development.

Required Qualifications
- MBA, ACCA, or a four-year Bachelor’s degree from a recognized institute.
- Up to 8 years of relevant experience in the oil and gas sector, preferably within a refinery or Oil Marketing Company (OMC), in a finance or commercial role.
- Strong analytical and presentation skills to interpret complex financial data and communicate findings effectively.
- Presentable communication skills to liaise with internal teams, regulatory bodies, and external stakeholders.

PARCO is committed to fostering a diverse and inclusive workplace and encourages candidates from all backgrounds to apply. The company offers a professional environment designed to attract and nurture top talent, with opportunities to contribute meaningfully to Pakistan’s energy sector.

Location
Karachi

PARCO is an equal opportunity employer dedicated to providing a supportive and dynamic work environment.