What are the responsibilities and job description for the Commercial Analyst - Utilities position at Vitol?
Company Description
Vitol is a leader in the energy sector with a presence across the spectrum: from oil through to power, renewables and carbon. 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.
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) as well as ensuring exposures are actively monitored during the trading day. This will involve consolidation of various data for the trading matrix both from within the Vitol MIS infrastructure and external. 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, and determining what to hedge in coordination with the Traders.
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 many 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.
Job duties include:
Preferred Experience:
Work Environment
Vitol is a leader in the energy sector with a presence across the spectrum: from oil through to power, renewables and carbon. 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.
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) as well as ensuring exposures are actively monitored during the trading day. This will involve consolidation of various data for the trading matrix both from within the Vitol MIS infrastructure and external. 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, and determining what to hedge in coordination with the Traders.
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 many 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.
Job duties include:
- Timely and accurate deal entry and deal reconciliation
- Intra-day PnL and position reconciliation for the Utilities Matrices including Power and Natural Gas desks
- Ability to work under pressure to resolve real-time issues confidently
- Ability to manage communications, priority, and expectations with Traders, Operators and Management
- Strong working relationship and communications with other internal departments
- Continued development of Vista reporting and/or process improvements
- Use Vitol’s software platforms, custom analytical models, and industry standard techniques to identify opportunities and risks in the North American Utilities markets
- Maintain, enhance, and monitor models and applications fundamental to our strategies and trading scenarios
Preferred Experience:
- 2 Years Energy Experience (preferably in Power and/or Natural Gas)
- Deal entry and/or deal reconciliation
- Understanding of both physical and financial Power and Natural Gas products
- Proficiency in Microsoft Excel, experience in VBA is preferred; programming ability in Python, R, or other languages are a plus
- Analytical understanding and support
- Wholesale Power & Natural Gas fundamentals, i.e. generation, load, weather, fuels, transmission, gas flows, pipeline outages, etc.
- Ability to build and maintain daily, weekly, and monthly analysis reports for the traders
- Ability to build and maintain tools that capture, analyze, and display time-sensitive data to traders and effectively work with IT to accomplish needs
- Growth in programmatic development capabilities is expected over time
- Energy asset valuation and deal structuring experience are a plus
Work Environment
- 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.
