Refinery Economist - Martinez - job 746603

PBF Energy

Date: 05/04/2021

City: Martinez, California

Employment type: Full-time

Refinery Economist

PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities. We have an opportunity at our Martinez Refinery in California and are seeking a talented Refinery Economist to join our team as a pivotal member that would play a key role here at PBF Energy.

Under direction of the Manager, Business, the Refinery Economist is the owner of short-range refinery economics and is accountable for the quality of work products and application of those economics. These economics are used for a variety of purposes at the refinery, including development of the monthly Refinery Operating Plan, fine-tuning of weekly operating signals, and evaluation of feedstock values.


  • Work with and follow guidance from the Economics & Planning (E&P) Manager and Senior Economist / Business Strategist

  • Lead the completion of the Refinery Operating Plan (ROP) on a monthly basis:

    • Gather assumptions on operating unit availability and maintenance slowdowns from the Business Teams

    • Gather the forward price set from the Commercial organization

    • Develop the Operating Plan using the linear program (currently Aspen PIMS-AO)

    • Prepare the ROP report and present to the Refinery Leadership Team and Headquarters

  • Serve as the focal point for raw materials evaluation weekly or as requested:

    • Develop break-even values (BEVs) for crude and other feedstocks

    • Facilitate the Management of Change process for evaluation of new crude oils and other feedstocks

  • Provide economic evaluations to Refinery and Commercial personnel for a variety of business needs:

    • Maintain short-range linear program that represents current refinery operation and constraints for use in weekly planning period.

    • Develop and present the weekly economics review (including Unit Margins) with the Refinery Leadership Team and the Business Teams

    • Ensure the Daily Prices spreadsheet is properly updated by an Administrative Assistant

    • Assist other E&P team members with development of strategies and tactics in response to operational issues

  • Track and evaluate Refinery performance vs. ROP

    • Calculate Lost Profit Opportunities monthly for the Refinery Key Performance Indicators (KPIs)

    • Develop lookback analysis (actual refinery performance vs. ROP) under the direction of the Sr. Economist / Business Strategist

    • Update monthly Production Records

  • Facilitate routine PIMS model validation activities by working with the Process Engineering Group (PEG) and consultants

  • Serve as backfill for other E&P positions as requested by the Economics & Planning Manager


Education and Skills:

  • Bachelor’s degree in engineering; Chemical Engineering preferred

  • Background and experience in Refinery Process Engineering (minimum 10 years)

  • Basic understanding of Refinery operations and market drivers that influence economics of the refining industry

  • Excellent communication and interpersonal skills. Will be expected to interact routinely with Process Engineers, members of the E&P Team and the Commercial Team, and members of Senior Management through the monthly ROP process.

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