Vitol
Commercial Analyst
Vitol, Houston, Texas, United States, 77246
Job Description
The Commercial Analyst (or CA) role supports all day-to-day running of the trading desk, ensuring a detailed position summary is kept for the trader and for the matrix as a whole (if applicable) and that the trader’s exposures are monitored. This may involve the consolidation of data for the trading matrix. The CA is also accountable for a broader range of activities on the desk, e.g. risk/exposure of trades and ensuring exposure is properly documented and calculated in a consistent manner, the monitoring of futures that are near expiry (where applicable), and determining what to hedge (checked with Trader). The CA is expected to provide commentary on the daily profitability reports to explain P&L movements - this requires the CA to have a strong understanding of the P&L and other relevant market information related to the matrix. The CA provides all management information and decision support to the Trader, e.g. creating reports and/or undertaking general trading, market, or other modeling and analysis on behalf of Trader. In some cases, this may involve other activities such as rolling storage or internal projects such as supporting the setup of a new business and working with MIS.
Main Activities
Maintaining a detailed position summary for their matrix/trader
Compiling daily profitability reports showing P&L changes from previous day – and provide commentary on why the movements have taken place
Allocating hedging transactions to deals
Monitoring trading limits/exposures
Cross-check position sheet
Updating ETRM and/or other tool/system
Ensuring accurate and timely matching of buys and sells
Budgeting and allocation of costs
Maintaining mark-to-market reports
Tracking BL’s through the physical movement of product
Developing and maintaining relationships with relevant 3rd parties to support trading activities (as required)
Account for the accurate documentation of risk/exposure of trades
Liaise with operations and back office over futures that are near their expiry date
CA needs to be vigilant for any unusual activity in trading positions or activity
Other duties as assigned. This job description is subject to change at any time
Attendance is an essential function to this role
Qualifications:
Skills
Have a strong sense of accountability and ownership of key deliverables
Be comfortable undertaking new concepts and ideas associated with a fast-paced, dynamic business
Have a genuine desire to build relationships across a global business
Demonstrate the ability to both understand the ‘big picture'
and
have a willingness to ‘dig into the details'
Demonstrate the ability to clearly communicate accounting concepts to senior management and translate them in terms of the commercial business
Be a leader who works toward and celebrates the team’s success
Continually assess, challenge, and improve processes
Earn the trust of others by continuously demonstrating the ability to follow-through
Be curious, creative, and up for a challenge
Effectively communicate with other departments / external counterparties (via phone, email, and in-person)
Experience
1+ years of direct experience working in a energy/commodities trading environment
Good understanding of the oil industry and/or financial markets
Strong understanding of the trade life cycle
Strong proficiency in Microsoft Excel is required
Experience working with a trade capture system is strongly preferred
Work Environment
This job operates in a professional office environment. Because of the collaborative, fast-paced, and high energy nature of our business, Vitol requires team members to work from our fully-equipped office.
All your information will be kept confidential according to EEO guidelines.
#J-18808-Ljbffr
The Commercial Analyst (or CA) role supports all day-to-day running of the trading desk, ensuring a detailed position summary is kept for the trader and for the matrix as a whole (if applicable) and that the trader’s exposures are monitored. This may involve the consolidation of data for the trading matrix. The CA is also accountable for a broader range of activities on the desk, e.g. risk/exposure of trades and ensuring exposure is properly documented and calculated in a consistent manner, the monitoring of futures that are near expiry (where applicable), and determining what to hedge (checked with Trader). The CA is expected to provide commentary on the daily profitability reports to explain P&L movements - this requires the CA to have a strong understanding of the P&L and other relevant market information related to the matrix. The CA provides all management information and decision support to the Trader, e.g. creating reports and/or undertaking general trading, market, or other modeling and analysis on behalf of Trader. In some cases, this may involve other activities such as rolling storage or internal projects such as supporting the setup of a new business and working with MIS.
Main Activities
Maintaining a detailed position summary for their matrix/trader
Compiling daily profitability reports showing P&L changes from previous day – and provide commentary on why the movements have taken place
Allocating hedging transactions to deals
Monitoring trading limits/exposures
Cross-check position sheet
Updating ETRM and/or other tool/system
Ensuring accurate and timely matching of buys and sells
Budgeting and allocation of costs
Maintaining mark-to-market reports
Tracking BL’s through the physical movement of product
Developing and maintaining relationships with relevant 3rd parties to support trading activities (as required)
Account for the accurate documentation of risk/exposure of trades
Liaise with operations and back office over futures that are near their expiry date
CA needs to be vigilant for any unusual activity in trading positions or activity
Other duties as assigned. This job description is subject to change at any time
Attendance is an essential function to this role
Qualifications:
Skills
Have a strong sense of accountability and ownership of key deliverables
Be comfortable undertaking new concepts and ideas associated with a fast-paced, dynamic business
Have a genuine desire to build relationships across a global business
Demonstrate the ability to both understand the ‘big picture'
and
have a willingness to ‘dig into the details'
Demonstrate the ability to clearly communicate accounting concepts to senior management and translate them in terms of the commercial business
Be a leader who works toward and celebrates the team’s success
Continually assess, challenge, and improve processes
Earn the trust of others by continuously demonstrating the ability to follow-through
Be curious, creative, and up for a challenge
Effectively communicate with other departments / external counterparties (via phone, email, and in-person)
Experience
1+ years of direct experience working in a energy/commodities trading environment
Good understanding of the oil industry and/or financial markets
Strong understanding of the trade life cycle
Strong proficiency in Microsoft Excel is required
Experience working with a trade capture system is strongly preferred
Work Environment
This job operates in a professional office environment. Because of the collaborative, fast-paced, and high energy nature of our business, Vitol requires team members to work from our fully-equipped office.
All your information will be kept confidential according to EEO guidelines.
#J-18808-Ljbffr