Natural Gas Trader
1 month ago
About the Role:
We are seeking a highly skilled Natural Gas Trader to join our team at Irving Oil Limited. As a key member of our Natural Gas Supply & Trading team, you will play a critical role in supporting the Refining & Supply Operations.
Key Responsibilities:
- Execute daily spot, monthly & term trades in accordance with company policies and procedures.
- Evaluate and respond to RFP opportunities to optimize our natural gas portfolio.
- Develop and maintain a thorough understanding of how natural gas is utilized within our various consuming business units, as well as issues that impact its use.
- Negotiate North American Energy Standards Board (NAESB) contracts to establish relationships with new counterparties.
- Participate in pipeline contract (Tolls & Tariff) negotiations and assist in executing Service Agreements.
- Provide timely support to the Manager, Natural Gas, including development, management, and execution of short-term or spot physical trading and scheduling strategies.
- Analyze market information and market trends to inform decisions on trading strategies.
- Develop and implement trading strategies to achieve best economic outcomes.
- Identify, assess, and execute on opportunities to optimize seasonal, annual, and 5-year plans.
- Support the Commodity Risk Management team in the development of analyses for non-standard hedging strategies in accordance with company policies.
- Grow the natural gas business through identification and execution of new opportunities, soliciting new customers, etc.
- Develop and maintain strong relationships with counterparties, traders, schedulers, pipelines, and brokers.
- Provide periodic presentations to senior management regarding strategy and financial performance.
- Collaborate and provide support to all internal stakeholders who are closely engaged with natural gas.
Requirements:
- Post-secondary education in business, economics, finance-related disciplines, engineering, or equivalent experience.
- 5 or more years related experience.
- Experience in energy markets analysis is an asset.
- Experience in trading of natural gas or other energy products.
- Prior natural gas scheduling experience and knowledge of North American natural gas markets and pipelines would be an asset.
- Supply chain management experience.
- Highly proficient with MS Office: Word, Excel, Outlook.
- An entrepreneurial and commercial mindset with strong negotiation, decision-making, and problem-solving skills.
What We Offer:
- Work in our beautiful home office building with access to a fitness facility, onsite nurse, and a café.
- Competitive compensation, including an annual bonus plan, pension plan, and parking allowance.
- Flexible benefits plan, including medical and dental benefits that are both in effect from day one.
- Paid vacation, plus an annual option to purchase additional vacation.
- Wellness support, with an annual wellness allowance, paid personal care days, and a 24/7 Employee & Family Assistance Program.
- Opportunity to give back to some amazing causes in our community, with a paid volunteer day, company volunteer opportunities, and a donation matching program.
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