Job description
This position is a ladder progression in the job classification of Hydrocarbon Trader. Responsible for understanding and recognizing the value of crude oil qualities, pipeline logistics, infrastructure and blending opportunities in a wide array of business development activities to find new sources of value in the market. Analyzes market information and trends to identify price/margin optimization opportunities along the supply chain. Initiates and concludes trades, implements hedging strategies and manages price risks within the specific systems of authorities. Maintains detailed and well organized contractual documentation. Identifies and pursues commercial trading opportunities. Accountable for consistently meeting targeted crude oil or feedstock delivery schedules or product movement requirements, profitability, and optimization targets.
Minimum Qualifications:Degree / The minimun number of years of job related experience required by this job is:
- This is a ladder progression for an accomplished professional with a minimum of College Degree and 8 years of combined trading, commercial analysis and refining economics experience or no degree and minimum 12 years experience of combined trading, commercial analysis and refining economics.
List any specialized training or unique skills required:
- Excellent negotiation and analytical skills are required.
- Ability to execute and manage multiple tasks.
- Knowledge of refining operations and logistic systems needed.
- Multilingual and multicultural preferred.
- Ability to develop and maintain effective industry relationships necessary.
- Excellent industry reputation.
- A valid driver’s license is required.
- At any given time, the Senior Hydrocarbon Trader should have a well defined scope of work for a specific hydrocarbon commodity, and a network of internal and external contacts across the supply chain for the specific hydrocarbon commodity under his/her responsibility. The Senior Hydrocarbon Trader is a key member of the hydrocarbon commercial team, and as such should develop work processes to strengthen the coordination with all the other commercial team members involved. The Senior Hydrocarbon Trader should use his/her knowledge of the trading cycles, market contacts and market intelligence to position himself/herself to capturing the opportunities visualized during the optimization processes. As an example, the Senior Hydrocarbon Trader should survey and analyze crude or feedstocks or products markets for cargo availabilities and pricing, as the case may be for the specific hydrocarbon commodity under his/her responsibility. Provide projections of scheduled arrivals, timing, and prices for those hydrocarbon commodities available in the marketplace and provide input to the refinery optimization and distribution processes. Collaborate with Supply Chain personnel to ensure an optimal mix of crude types and feedstocks is economically procured for refinery processing. As an example, a Senior Hydrocarbon Trader in the Crude Oil area should be in the position to be able to purchase approximately 300 MBD of foreign medium and light sour crudes for the Corpus Christi and Lake Charles refineries, or to purchase 180 MBD of domestic and light sweet crude for the USGC refineries, or to purchase 160 MBD of light and heavy Canadian crude for the Lemont refinery; all purchased following refinery economics to the given market conditions.
- The Senior Hydrocarbon Trader should assist in the development of risk management strategies when applicable within the hydrocarbon commodities under his/her responsibilities and make specific recommendations as to how to mitigate risk. The Senior Hydrocarbon Trader should coordinate with the Supply Chain Management group the development of processes to better reflect market conditions and availabilities in the optimization models that simulate the specific hydrocarbon commodity under his/her responsibility in the refining and distribution systems. The Senior Hydrocarbon Trader should coordinate with the Marine and Logistics Department the procurement of marine equipment or pipeline space, as the case may be, to guarantee the full execution of the deals under his/her responsibility. The Senior Hydrocarbon Trader should engage with the Credit and Treasury departments to devise innovative controls of payables and receivables according to the negotiated contracts or transactions and to participate in the development of presentations to suppliers and customers to enhance trade credit. The Senior Hydrocarbon Trader should always be looking beyond the routine aspects of the job to help identify technological solutions leading to higher efficiency, meaningful data collection and data management and process improvement. The Senior Hydrocarbon Trader should be able to keep current his/her market point of view and market intelligence for the specific hydrocarbon commodity under his/her responsibility, using this knowledge to provide short term commercial analysis or medium term planning scenarios.
- The Senior Hydrocarbon Trader should assist the respective commercial management in the crude, feedstocks or products acquisition from the major suppliers to CITGO, looking at the implementation of synergistic trading strategies to add value to the bottom line of CITGO, within the legal framework, tax codes, sanctions, compliance and other applicable covenants. Assist marine schedulers, vessel operators, senior traders and traders, and others with their dealings with suppliers.
- Enter all transactions into the trade capture system within 24 hours of execution and take primary responsibility to ensure trades are entered correctly in the TCS and oversee all other transaction steps from contract preparation, scheduling, delivery, billing, and payment. The Senior Hydrocarbon Trader is primary customer contact and owner of his/her negotiated transactions for the specific hydrocarbon commodity from first trading partner contact to final payment.
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