Vitol Group
Commercial Analyst
Vitol Group, Houston, Texas, United States, 77246
We are the world’s largest independent energy and commodities trading company. Every day we use our expertise and logistical networks to distribute energy around the world, efficiently and responsibly. From 40 offices worldwide, we seek to add value across the energy supply chain, including deploying our scale and market understanding to help facilitate the energy transition. To date, we have committed over $2.5 billion of capital to renewable projects, and are identifying and developing low-carbon opportunities around the world.Our people are our business . Talent is precious to us and we create an environment in which individuals can reach their full potential, unhindered by hierarchy. Our team comprises more than 65 nationalities and we are committed to developing and sustaining a diverse work force.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 ActivitiesMaintaining a detailed position summary for their matrix/traderCompiling daily profitability reports showing P&L changes from previous day – and provide commentary on why the movements have taken placeAllocating hedging transactions to dealsMonitoring trading limits/exposuresCross-check position sheetUpdating ETRM and/or other tool/systemEnsuring accurate and timely matching of buys and sellsBudgeting and allocation of costsMaintaining mark-to-market reportsTracking BL’s through the physical movement of productDeveloping and maintaining relationships with relevant 3rd parties to support trading activities (as required)Account for the accurate documentation of risk/exposure of tradesLiaise with operations and back office over futures that are near their expiry dateCA needs to be vigilant for any unusual activity in trading positions or activityOther duties as assigned. This job description is subject to change at any timeAttendance is an essential function to this roleQualifications
SkillsHave a strong sense of accountability and ownership of key deliverablesBe comfortable undertaking new concepts and ideas associated with a fast-paced, dynamic businessHave a genuine desire to build relationships across a global businessDemonstrate 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 businessBe a leader who works toward and celebrates the team’s successContinually assess, challenge, and improve processesEarn the trust of others by continuously demonstrating the ability to follow-throughBe curious, creative, and up for a challengeEffectively communicate with other departments / external counterparties (via phone, email, and in-person)Experience1+ years of direct experience working in a energy/commodities trading environmentGood understanding of the oil industry and/or financial marketsStrong understanding of the trade life cycleStrong proficiency in Microsoft Excel is requiredExperience working with a trade capture system is strongly preferredAdditional Information
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.
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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 ActivitiesMaintaining a detailed position summary for their matrix/traderCompiling daily profitability reports showing P&L changes from previous day – and provide commentary on why the movements have taken placeAllocating hedging transactions to dealsMonitoring trading limits/exposuresCross-check position sheetUpdating ETRM and/or other tool/systemEnsuring accurate and timely matching of buys and sellsBudgeting and allocation of costsMaintaining mark-to-market reportsTracking BL’s through the physical movement of productDeveloping and maintaining relationships with relevant 3rd parties to support trading activities (as required)Account for the accurate documentation of risk/exposure of tradesLiaise with operations and back office over futures that are near their expiry dateCA needs to be vigilant for any unusual activity in trading positions or activityOther duties as assigned. This job description is subject to change at any timeAttendance is an essential function to this roleQualifications
SkillsHave a strong sense of accountability and ownership of key deliverablesBe comfortable undertaking new concepts and ideas associated with a fast-paced, dynamic businessHave a genuine desire to build relationships across a global businessDemonstrate 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 businessBe a leader who works toward and celebrates the team’s successContinually assess, challenge, and improve processesEarn the trust of others by continuously demonstrating the ability to follow-throughBe curious, creative, and up for a challengeEffectively communicate with other departments / external counterparties (via phone, email, and in-person)Experience1+ years of direct experience working in a energy/commodities trading environmentGood understanding of the oil industry and/or financial marketsStrong understanding of the trade life cycleStrong proficiency in Microsoft Excel is requiredExperience working with a trade capture system is strongly preferredAdditional Information
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.
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