Company:
Sunoco LP
Location: Newtown Square
Closing Date: 08/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Job Summary:
Trades in both physical clean products and financial commodities in the domestic and international trading markets. Physical products include gasoline, diesel, heating oil, renewable fuels and RINS.
Core Responsibilities:
- Physical trading activity, both spot and term, is in pursuit of both optimal system supply and trading profits.
- Develops trading strategies, initiates and manages physical and financial positions for profit, focuses on supply portfolio, manages price exposure for system and trading positions and proposes relevant risk management and hedging strategies.
- Accountable for optimization of supply for retail system requirements and for book trading positions profit/loss.
- Collaborates with commercial operations to manage physical inventories consistent with supply requirements and financial market structure. Represents the company externally and requires an extensive network of 3rd party contacts.
- Seeks out and identifies trading opportunities. Embeds optionality to reduce exposure in trading positions and trade books, interprets financial information, integrates information from a variety of sources, detects trends, associations, and cause/effect outcomes.
- Negotiates contracts both short and long-term. Builds relationships, manages third parties and internal relationships, develops contacts and gathers relevant market information.
- Participates in setting strategic plan for supply & trading team and provides leadership role to other commercial functions.
Required Skills (External)
- BS degree in Finance/Business/Engineering or other related discipline
- 2-5 years total experience in energy industry with at least 2 years prior trading experience in domestic physical clean products market(s)
- Excellent analytical, communication, and interpersonal skills
- Proven negotiation skills
Preferred Skills
- Prior trading experience in financial markets (futures, spreads, options, swaps, etc.)
- Physical clean products trading experience in Chicago, NYH and/or USGC markets
- Understanding of refined products logistics assets in the U.S. (pipelines/terminals)
- Experience using Right Angle
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Sunoco LP