mark dean october 2014
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A.1 Mark DeanSenior Economist
BBS | GDipInfSc
D +64 4 470 1810 | M +64 [email protected]
Mark joined NZIER in October 2014. He has over 15 years’ experience in the private and public sector, in both New Zealand and the United Kingdom. The last 10 years have been focussed within the New Zealand energy sector.
Mark has a wide analytical skillset covering financial modelling, risk analysis, valuation, energy market forecasting and scenario development. These skills have been applied in a range of settings from commercial project evaluation, corporate strategy development, to policy analysis.
Key areas of expertise Forecasting and modelling Cost benefit analysis Project evaluation Energy and infrastructure
Recent projects (prior to joining NZIER)Corporate strategy model development: A major NZ corporate required a model to help understand the future financial impact of strategic decisions made now. The company had a limited capital resource which could be allocated across a range of competing projects. Mark developed a comprehensive, flexible model which enabled the organisation to assess future profitability and funding requirements under various scenarios. Evaluation of financial risk was another key component of this work. Mitigation strategies were identified, which could be employed if future unforeseen market conditions prevailed.
The model became the key management decision tool used to help determine the optimal allocation of capital.
Oil and gas field economics: The Crown wanted to assess potential fiscal and wider economic benefits from the development of oil and gas fields in undeveloped “frontier” basins. Mark developed a Monte Carlo simulation model for projecting a range of future oil and gas discoveries and calculating the economics of these discoveries under various oil price scenarios.
The model outputs were used in the 2011 report “Valuation of the Crown’s Royalty Streams from the Petroleum Estate” (authored by Woodward Partners).
Energy market forecasting: Mark was the leader of an energy modelling team at the Ministry of Economic Development. The team was responsible for producing long term projections of NZ energy supply, demand and prices.
Mark specialised in electricity market forecasting and was also responsible for integrating the “GEM” electricity model into the Ministry’s supply and demand energy market model.
Education BBS in Finance and Economics, Massey University, 1996 Graduate Diploma in Information Science (Statistics major), Massey
University, 1999