Commercial Trader & Analyst
Salary undisclosed
Checking job availability...
Original
Simplified
Do you enjoy data analysis, strategizing, working with other people, and problem solving to create value. In this role, you will be able to see at the end of each day the value you have been able to generate for the commercial group and ultimately the company’s bottom line. You'll have a hybrid work schedule with a healthy work/life balance.
The Commercial Trader & Analyst is responsible for position keeping, market analysis, identifying supply and trading opportunities, scheduling, and backing up crude and feedstock traders. There will be an opportunity to manage all sweet crude and naphtha supply and trading as well.
Commercial Analyst Essential Duties And Responsibilities
Owned and operated by FJ Management, Big West Oil believes employees are the foundation of success. The facility currently employs about 260 people, with an average employee tenure of 12 years, employees at Big West Oil LLC pride themselves on building value to last. Big West Oil is 1 of 5 Utah refineries, that produce gasoline, diesel, and other chemicals. We pride ourselves in being stewards for the industry in environmental compliance, and our passion for building a family-oriented culture supporting employee fulfillment and career longevity.
Location:
North Salt Lake, Utah
Position Benefits
The Commercial Trader & Analyst is responsible for position keeping, market analysis, identifying supply and trading opportunities, scheduling, and backing up crude and feedstock traders. There will be an opportunity to manage all sweet crude and naphtha supply and trading as well.
Commercial Analyst Essential Duties And Responsibilities
- Responsible for daily analysis of markets for applicable commercial streams of business
- Analyze contract performance versus applicable benchmarks
- Create effective and usable summaries of analysis, including daily and weekly reports for management
- Manage an effective dashboard for commercial team
- Monitor macro petroleum market related data as well as local and regional markets
- Identify opportunities for commercial team to evaluate
- Crosstrain with crude and NGL’s/feedstocks traders as backup when they are out of the office
- Assist with truck, pipeline, and rail scheduling as needed
- Timely and participative attendance of all appropriate staff and team meetings
- Frequent reporting of market events and supply dynamics to management team
- Interpersonal face time with crude and feedstock suppliers, pipeline company representatives, and business partners
- Responsible for frequent phone contacts, email, IM, and so forth, in order to both gather information and solidify relationships
- Attend effective industry conferences
- Negotiate and execute crude oil contracts, providing company with the secure and ratable delivery of an optimal sweet crude slate
- Purchasing and selling sweet crude and naphtha
- Execute accurate and complete contracts with sweet crude and naphtha suppliers/customers
- Financial modeling for crude oil opportunities and financial analysis of crude markets
- Interpersonal face time with as many crude suppliers, pipeline company representatives and business partners as possible
- Bachelor’s degree and 2+ years with risk analysis, statistical modeling and general lending or other directly related experience
- 2+ years with a petroleum supply and trading organization preferred
- Thorough understanding of how to read and interpret market data and develop reports
- Experience with risk management a plus
- IT experience and the ability to assist in automating manual data processes a plus
- Experience with financial modeling and ROIs a plus
- Excellent written and verbal communication skills required
- In depth knowledge of the required specifications and characteristics of crude oil
- Must have comprehensive understanding of both local, regional and macro market movements and drivers
- Must understand where crude moves, at what pricing, via which logistics and to which refiner/end user
- Must be able to work well under stressful situations and deal effectively when conflicts arise
- Strong MS Excel and Access skills
Owned and operated by FJ Management, Big West Oil believes employees are the foundation of success. The facility currently employs about 260 people, with an average employee tenure of 12 years, employees at Big West Oil LLC pride themselves on building value to last. Big West Oil is 1 of 5 Utah refineries, that produce gasoline, diesel, and other chemicals. We pride ourselves in being stewards for the industry in environmental compliance, and our passion for building a family-oriented culture supporting employee fulfillment and career longevity.
Location:
North Salt Lake, Utah
Position Benefits
- Great yearly bonus program
- Retirement programs – 401k and profit sharing with potential for 21% from the Company
- Competitive Health Insurance- Medical, dental, Vision
- Tuition Reimbursement
- Disability Insurance
- 9/80 work schedule