Full-Time

Sr Economist

Economics & Planning

Posted on 1/13/2025

PBF Energy

PBF Energy

1,001-5,000 employees

Operates oil refineries and processes crude

Energy
Financial Services

Senior, Expert

Toledo, OH, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Risk Management
Data Analysis
Excel/Numbers/Sheets

You match the following PBF Energy's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelors degree in Chemical Engineering required.
  • 10 years refinery experience required.
  • 2 years LP modeling experience required.
  • Intuitive with numbers/data - able to manipulate & apply to business results.
  • Ability to work in Microsoft Excel and other Microsoft programs efficiently.
Responsibilities
  • Serve as the emergency response secondary contact for Economics & Planning.
  • Adhere to all TRC HSE policies and procedures; correct and/or report unsafe conditions immediately.
  • On a monthly basis generate an operating plan for the next three months that includes a dollarized charge and yield as well as the latest opex and capex estimates and upload the approved operating plan to the data warehouse.
  • Generate a feasible and optimized budget run plan for the following year taking into account crude grade availability, crude pipeline allocations, product demand, and refinery availability.
  • Advise on day-to-day refinery optimization taking into account prompt economics, actual inventories, and current refinery performance.
  • Track actual month to date charge and yield, reforecast balance of month charge and yield, and re-project current month charge and yield.
  • Update clean product and butane runout files with latest charge and yield estimates.
  • Calculate weekly crude refining values and provide the commercial crude team with a crude screening report.
  • Monitor refinery yields and modify the TRC refinery LP model as needed to maintain an acceptable level of model accuracy.
  • Coordinate crude retain sampling and participate in the PBF Crude Quality Monitoring process. Maintain crude assay table for LP.
  • Provide monthly projected Hydrogen purchases, RFG sales, and ROG sales rates to Linde.
  • Present the monthly operating plan to refinery staff, commercial traders, and executive team.
  • Communicate operational and product slate flexibility to commercial traders to ensure spot market opportunities are fully leveraged.
  • Work with Process Engineering on capital project economic justification utilizing LP and other tools.
  • Work with Process Engineering on catalyst selection economics.
  • Maintain and adjust Risk Group integrated procedures.
  • Provide economics and guidance in twice/week meeting with Technical Service on refinery optimization.
  • Participate in the screening and evaluation of new crudes for TRC.
  • Estimate the cost of equipment outages to help the refinery optimize timing and scope of maintenance work and turnarounds.
Desired Qualifications
  • 2 years economic experience preferred.

PBF Energy operates six oil refineries in the United States, processing over 1,000,000 barrels of crude oil daily. The company specializes in refining various types of crude oil into products like gasoline, diesel, and jet fuel, serving a diverse clientele across North America. PBF's refineries have a high complexity level, allowing for the production of a wide range of refined products. The company's goal is to maximize the yield of high-value products from each barrel of crude while effectively managing its financial operations.

Company Stage

IPO

Total Funding

N/A

Headquarters

null, New Jersey

Founded

2008

Simplify Jobs

Simplify's Take

What believers are saying

  • PBF Energy's joint venture in St. Bernard Renewables taps into sustainable fuel trends.
  • Strategic refinery locations optimize logistics and supply chain efficiencies.
  • Increased demand for complex refining aligns with PBF Energy's capabilities.

What critics are saying

  • Planned maintenance shutdowns could lead to temporary supply disruptions.
  • Significant financial losses reported in Q2 2024 indicate potential instability.
  • Competitors' renewable energy investments may pressure PBF Energy's transition efforts.

What makes PBF Energy unique

  • PBF Energy operates six strategically located refineries across the United States.
  • The company specializes in processing diverse crude types, including medium and heavy sour crudes.
  • PBF Energy's refineries have a high Nelson Complexity Index, averaging 12.8.

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