Company Description
Vitol is a leader in the energy sector with a presence across the spectrum; from oil through to power, renewables and carbon. It trades 8 million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.
Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 16mm3 of storage globally, 480kbpd of refining capacity, 7,000 service stations and a growing portfolio of transitional and renewable energy assets. Revenues in 2019 were $225 billion.
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 trader’s exposures are actively monitored during the trading day. This may involve consolidation of various data for the trading matrix. The CA is also accountable for a broader range of activities on the desk, e.g. risk modeling 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 works closely with all other Vitol departments to ensure accurate information needed throughout the lifespan of a transaction from execution to settlement is held in Vista. 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 drivers 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 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.
Specific job duties include:
- Timely and accurate deal entry and deal reconciliation
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Intra-day PnL and position reconciliation for the Utilities Matrices including Power and Natural Gas desks
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Ability to work under pressure to resolve real-time issues confidently
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Ability to manage communications, priority, and expectations with Traders, Operators and Management
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Strong working relationship and communications with other internal departments and particularly the Real-Time Power Scheduling Desk (“RT Desk”)
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This role will be sitting with and highly integrated into the RT Desk’s functions
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Expectations for this CA are to advance their projects, internal MIS developments, and liaise with other HOU departments on their behalf
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Continued development of Vista reporting and/or process improvements
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Use Vitol’s software platforms, custom analytical models, and industry standard techniques to identify opportunities and risks in the North American Utilities markets
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Maintain, enhance, and monitor models and applications fundamental to the formulation of investment strategies related to complex global energy commodities marketing and trading scenarios
Qualifications
Skills:
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1-2 years of energy experience
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Deal entry and/or deal reconciliation
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Understanding of both physical and financial natural gas and power products
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Programming ability in Python, R, or other languages is a plus
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Basic understanding of wholesale power and natural gas fundamentals, i.e. generation, load, weather, fuels, transmission, gas flows, pipeline outages, etc.
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Ability to build and maintain daily, weekly, and monthly analysis reports for the traders
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Ability to build and maintain tools that capture, analyze, and display time-sensitive data to Traders and to work with IT to accomplish needs
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Energy asset valuation, FX risk, and deal structuring experience are a plus
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Extreme attention to detail
Experience
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Good understanding of the oil industry and/or financial markets
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Strong understanding of the trade life cycle
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Strong proficiency in Microsoft Excel is required, proficiency in VBA is preferred
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Experience working with a trade capture system is strongly preferred
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Be a leader who works toward and celebrates the team’s success
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Continually assess, challenge, and improve processes
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Earn the trust of others by continuously demonstrating the ability to follow-through
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Be curious, creative, and up for a challenge
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Effectively communicate with other departments / external counterparties (via phone, email, and in-person)
Additional Information
Vitol provides a highly-competitive remuneration plan and an excellent working environment in a growing multinational firm focused on creating a more sustainable global economy. For more information about our company, please visit https://www.vitol.com/careers/
We thank all candidates for their interest, however only selected candidates will be contacted.
Vitol’s workforce comprises approximately 1,600 people at the end of 2022. Our success relies on our ability to attract, develop and retain the best talent, at every level. We have a highly capable, entrepreneurial and engaged workforce that brings a diverse range of experience and perspectives to the organisation.
Our team comprises over 60 nationalities and we are committed to developing and sustaining a diverse work environment. To succeed we need the best people and these are to be found only by searching across the full breadth of race, religion, gender, age and sexual orientation.
