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

• 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

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.