Business Analyst / Sr. Business Analyst Crude Trading

Company: CITGO Petroleum Corporation
Location: Houston
Posted on: March 19, 2023

Job Description:

Remote Work options available for eligible positions
Options are department and/or location specific
9/80 Work Schedule Option (where applicable)
Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
Paid Vacation Time
Company-Paid Holidays
Parental Leave
Excellent 401(k) Match
Pension Plan
Company-Paid Sick Leave and Long-Term Disability
Medical, Dental, & Vision Plans; FSA and HSA options
Company-Paid Life Insurance for Active Employees
Healthy Rewards Program
Service Awards Program
Educational Assistance Plan
Dependent Children Scholarships
Reimbursement for Gym Membership
Employee Discount Programs
On-site Health Clinic
On-site Cafeteria (select locations)
On-site Credit Union and ATM (Corporate office only)
On-site Fitness Center (select locations)
PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS

Relocation Benefits are available for this position.
Employer will not sponsor visas for position
Business Analyst: This position is a high-energy professional who is results-focused with sound business acumen and problem-solving skills to join our dynamic organization as a Trading Business Analyst. Ideal candidates should be natural team players, eager to learn and grow, and have an eye for innovation and continuous improvement. The Trading Business Analyst will be responsible for analyzing market and supply situations, developing, and evaluating point of view and strategies to increase trading margin of crude oils and/or feedstocks. -The incumbent should understand the crude market fundamentals, with experience in price monitoring and forecasting and risk monitoring methodologies, ability to grasp concepts quickly, generate value through fundamental forecasts, have an eye for detail, solid communication skills to coherently express ideas, and strong leadership to positively influence others in the team. In addition, the candidate should have a deep understanding of the following: (1) crude market dynamics and benchmarks, (2) trading PnL, (3) briefly understanding of refinery economics, and (4) brief understanding of freight markets and logistics costs. This position will support the monitoring of Key Performance Indicators and PnL to produce profitability and predictive analyses, and present scenarios to capture opportunities from the market, optimize profits, gain internal efficiencies, clear gaps, and mitigate risks, and ensure alignment with CITGO business strategies. Sr. Business Analyst: We are currently seeking a high-energy professional who is results-focused with sound business acumen and problem-solving skills to join our dynamic organization as a Sr. Business Analyst. Ideal candidates should be natural team players, eager to learn and grow, and have an eye for innovation and continuous improvement. The Senior Business Analyst will be responsible for developing, analyzing, and evaluating strategies to optimize purchases/sales/trades of crude oils and feedstock for the CITGO refining system. -They should have solid understanding of the crude market fundamentals, with experience in forecasting and risk monitoring methodologies, ability to grasp concepts quickly, generate value through fundamental forecasts, have an eye for detail, solid communication skills to coherently express ideas, and strong leadership to positively influence others in the team. In addition, the candidate should have a deep understanding of the following: (1) crude market dynamics and benchmarks, (2) operational and planned reality of CITGO's facilities, (3) internal/external refinery economics, and (4) freight markets and logistics costs. This position will support the monitoring of Key Performance Indicators and Performance metrics to produce profitability and predictive analyses, and present scenarios to capture opportunities from the market, optimize profits, gain internal efficiencies, clear gaps and mitigate risks, and ensure alignment with CITGO business strategies. Business Analyst: Degree:

• College Degree (Bachelors Level) in Finance, Financial Engineering, Economics, or Engineering.
• Master's Degree (MBA) in Business Administration preferred. The minimum number of years of job related experience required by this job is:
  • 2 years of related working experience with a bachelor's degree OR -0 years of experience with a master's degree. List any specialized training or unique skills required:
    • Working knowledge of physical and futures oil markets.
    • Knowledge oil refining is a plus.
    • High level of intellectual curiosity.
    • Self-motivated, results driven, and having the ability to work effectively under pressure.
    • Strong analytical and problem solving skills, seeks big picture answers beyond immediate scope.
    • Demonstrated ability to work in an extremely complex, dynamic and fast-paced team environment.
    • Strong leadership and communication skills (written and verbal).
    • Relevant knowledge/experience with information tools.
    • Ability to work effectively in a team environment. Sr. Business Analyst: Degree:
      • College Degree (Bachelors Level) in Finance, Financial Engineering, Economics, or Engineering
      • Master's Degree (MBA) in Business Administration preferred. The minimum number of years of job related experience required by this job is:
        • 3 - 12 years of relevant working experience. List any specialized training or unique skills required:
          • Working knowledge of physical and futures oil markets.
          • Knowledge oil refining is a plus.
          • High level of intellectual curiosity.
          • Self-motivated, results driven, and having the ability to work effectively under pressure.
          • Strong analytical and problem solving skills, seeks big picture answers beyond immediate scope.
          • Demonstrated ability to work in an extremely complex, dynamic and fast-paced team environment.
          • Strong leadership and communication skills (written and verbal).
          • Relevant knowledge/experience with information tools.
          • Ability to work effectively in a team environment. Business Analyst:
          • Support the development of Key Performance Indicators and Performance Metrics as well as inventory models, through quantitative and predictive analytics.
          • Monitor comprehensive position report for the crude and/or feedstock purchase and sale activities of CITGO to include term and spot transactions executed to supply the three refineries, and to fulfill unexpected events that interrupt the regularly scheduled hydrocarbon supply. Duties require close interaction with Crude & Feedstock Traders, Crude Supply Management including the General Manager of Crude Supply and Vice President of Supply and Marketing, third party consultants, Risk Management analysts, Supply Chain Coordinators ("refinery pilots"), Business Optimization Group (BOG) staff of all refineries, Marine and Logistics staff, Crude Accounting staff, Budget and MTP staff, Mid Office staff, and other internal and external groups as needed.
          • Work actual model structure, testing process and implementation of the information model, and determines the best model delivery (i.e.,, BI Portal or MS Excel, etc.). Also creates the documentation for implementation of the models and the procedures on how to maintain the information models.
          • Develop methodologies to produce forward curves of hydrocarbons, establish MTM, daily P&L and YTD P&L of all physical positions, contracts, suppliers and traders, control functions on physical hydrocarbon transactions as well as estimation of the amount at risk with a given probability.
          • Review and validate commercial business cases for the Corporate Procurement Committee (CPC) / Operations Committee and provide recommendations on the course of action on approvals/rejections.
          • Coordinate input from the Organization to develop weekly, monthly, quarterly, and annual reports for presentation to Management including the Short-Term Optimization meeting, Monthly Supply Optimization Meeting, Supply and Marketing Review, Monthly Accountability Meeting, Budget and Medium Term Plan.
          • Perform financial and operation assessments to support the different groups within the department, as well as feasibility analysis to support business development initiatives in the department, such as proposed term deals, and Pipeline Open Seasons.
          • Ensure that information produced and delivered by the department follows the set of policies, procedures and governance established by the Department and Corporation. Sr. Business Analyst:
          • Support the development of Key Performance Indicators and Performance Metrics as well as inventory models, through quantitative and predictive analytics.
          • Develop a comprehensive position report for the crude and feedstock purchase and sale activities of CITGO to include term and spot transactions executed to supply the three refineries, and to fulfill unexpected events that interrupt the regularly scheduled hydrocarbon supply. Duties require close interaction with Crude & Feedstock Traders, Crude Supply Management including the General Manager of Crude Supply and Vice President of Supply and Marketing, third party consultants, Risk Management analysts, Supply Chain Coordinators ("refinery pilots"), Business Optimization Group (BOG) staff of all refineries, Marine and Logistics staff, Crude Accounting staff, Budget and MTP staff, Mid Office staff, and other internal and external groups as needed.
          • Develop the actual model structure, testing process and implementation of the information model, and determines the best model delivery (i.e., , BI Portal or MS Excel, etc.). Also creates the documentation for implementation of the models and the procedures on how to maintain the information models.
          • Develop methodologies to produce forward curves of hydrocarbons, establish MTM, daily P&L and YTD P&L of all physical positions, contracts, suppliers and traders, control functions on physical hydrocarbon transactions as well as estimation of the amount at risk with a given probability.
          • Review and validate commercial business cases for the Corporate Procurement Committee (CPC) and provide recommendations on the course of action on approvals/rejections.
          • Coordinate input from the Organization to develop weekly, monthly, quarterly and annual reports for presentation to Management including the Short Term Optimization meeting, Monthly Supply Optimization Meeting, Supply and Marketing Review, Monthly Accountability Meeting, Budget and Medium Term Plan.
          • Perform financial and operation assessments to support the different groups within the department, as well as feasibility analysis to support business development initiatives in the department, such as proposed term deals, and Pipeline Open Seasons.
          • Ensure that information produced and delivered by the department follows the set of policies, procedures and governance established by the Department and Corporation.

Keywords: CITGO Petroleum Corporation, Houston , Business Analyst / Sr. Business Analyst Crude Trading, Professions , Houston, Texas