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Natural Gas Trader

2 months ago


St John's, Newfoundland and Labrador, Canada 09 Irving Oil Limited Full time
About the Role

As a Natural Gas Trader at 09 Irving Oil Limited, you will be an integral part of our Energy Supply & Trading team, supporting the Refining & Supply Operations. Our team is responsible for monitoring supply and demand trends, ensuring availability of product, and maximizing returns for the company.

Key Responsibilities
  • Execute daily spot, monthly, and term trades in accordance with company policies and procedures.
  • Evaluate and respond to Request for Proposal (RFP) opportunities to identify potential business partnerships.
  • Develop and maintain a thorough understanding of how natural gas is utilized within various consuming business units, as well as issues that impact its use.
  • Negotiate contracts with suppliers, buyers, marketers, and brokers to establish relationships and secure favorable terms.
  • Participate in pipeline contract 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.
  • Perform on-call trading and scheduling duties, analyzing market information and trends to inform decisions on trading strategies.
  • Develop and implement trading strategies to achieve best economic outcomes, identifying 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, and developing 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, ensuring routine deliverables are complete accurately and on-time.
Requirements
  • Post-secondary education in business, economics, finance-related disciplines, engineering, or equivalent experience.
  • 5 or more years of related experience, preferably in energy markets analysis, trading, or supply chain management.
  • Experience in trading of natural gas or other energy products, with prior natural gas scheduling experience and knowledge of North American natural gas markets and pipelines being an asset.
  • Supply chain management experience and highly proficient with MS Office: Word, Excel, Outlook.
  • An entrepreneurial and commercial mindset with strong negotiation, decision-making, and problem-solving skills.
Language

English (en-US)