Finance Job in Houston, Texas : TX
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Trade Operation Analyst **3-5 Years Energy Finance Background**
Trade Operation Analyst **3-5 Years Energy Finance Background** Job Description
The corporation is planning to expand their domestic and international petroleum business,
This expansion will be fully focused on trading and marketing of crude and refined products.
As a result, there is an opening for a Trade Operations Analyst who will be in charge of middle and back office work as necessary.
Under minimum supervision, the Trade Operations Analyst will be responsible for leading the Mid/Back office in both hedge transactions and physical cargo operations by utilizing knowledge of petroleum business fundamentals, commodity trading basics, and basic accounting rules and analytics.
1. Perform mid/back office functions for hedge trading:
a. Monitor and report credit exposure of both clearing brokers and internal account owners;
Set up and adjust credit limits; (10%)
b. Check clearing broker statements to guarantee accuracy of trade recording, fee & commission calculation, and process margin calls/refunds;
Communicate with clearing broker directly when necessary. (5%)
c. Lead monthly account reconciliation between their energy department and hedge account owners, including calculation of trade P/L, interest on margin monies,
and this company's commission. (5%)
d. Direct back office staff and perform back office duties when necessary, including processing margin calls/refunds, and generating necessary accounting documents. (10%)
e. Communicate regularly with back office staff in Tokyo and Singapore to ensure quality of service. (5%)
f. Communicate as needed with corporate Risk Management Department and Legal Department to keep
up with the latest compliance requirements. (5%)
2. Manage mid/back office for physical trading:
a. Monitor and set up credit lines for customers. (5%)
b. Perform crude & product cargo operations, from laycan confirmation, vessel nomination, vessel vetting, loading confirmation, document distribution, through the financial transaction. (10%)
c. Report mark to market positions as necessary (5%)
3. Petroleum-related information gathering and sharing / Energy Market Report.
a. Edit and Publish Daily Energy Market Report (10%)
b. Gather petroleum news and share with related personnel (15%)
c. Analyze petroleum market situation upon request (15%)
a. Get approval of payments/credits from the authorized signatory related to clearing everyday.
b. Communicate well with Mangers and Assistants to manage the middle/back office work to ensure the smooth operation of the petroleum business.
c. Contact HQ in Tokyo and regional HQ in New York to manage financial and credit matters.
d. Contact clearing brokers, banks to manage clearing finance.
e. Contact clients in petroleum business to carry out petroleum physical cargo and financial operations
f. Communicate with Consultants and brokers for information gathering
Houston Finance Job
Trade Operation Analyst **3-5 Years Energy Finance Background** Job Requirements
Knowledge and Skills Required:
1) Prior experience in petroleum derivatives back office is a must.
2) At least 3 years of experience in energy or other commodity trading business is required.
3) Understanding of North American energy market fundamentals.
4) An inclination to cooperate for the purpose of supporting the objectives of others and the success of the energy team.
5) An ability to respect and accommodate the beliefs and behaviors of others.
6) An ability to remain flexible in a changing environment and development
7) Knowledge of basic accounting methods preferred.
8) Strong MS Office skills: Excel, Word, Power Point.
9) Must be able to work well with others and be detail oriented.
10) Interest in Japanese culture and business encouraged but not a must
11) Japanese language skill a plus but not a must for performing the job duties
Which accountability is the most complex and difficult to learn and how long on average does it take a person to successfully perform this accountability at this trading company assuming the person is hired with the competencies noted above.
To properly and accurately deal with clearing business, petroleum cargo operation, and mark to market reporting are the complex part of the job, and it will take 2-3 months to learn given the competencies above.