Entity:
Trading & Shipping
Job Family Group:
Supply & Trading Group
Job Description:
About the Role:
The Jr. Retail Gas Portfolio Manager will facilitate and transact daily cash market retail customer portfolio hedges, with responsibility for the daily cash portfolio management and profitability of the Commercial & Industrial portfolio for bp Energy Retail Company. This individual will identify optimization opportunities in the portfolio and work with affiliate business units and functional groups to manage energy products for the customer portfolio and deploy innovative solutions that leverage fundamental analysis, sophisticated analytics and market acumen.
Key Responsibilities:
- Complete strategy for market access, price discovery and transaction execution in approved products for bpERC internal and external clients
- Hedge and optimize activity around bpERC’s retail customer portfolio
- Maintain and provide transactable prices for approved tradable products as well as market information to the bpERC retail pricing and operational functions, sales persons and customers
- Research new products and develop strategy to optimize and hedge in the markets
- Manage forecasted load deviations and exposures in prompt and cash months
- Optimize portfolio assets and obligations such as supply, interstate transport and storage
- Work closely with bpERC’s wholesale trading desk for price discovery and execution
- Price, manage, and book deals consisting of a variety of standard and non-standard products
- Manage the risk associated with a standard and non-standard portfolio while adhering to allocated risk limits
- Identify structured supply or customer opportunities and participate in closing transactions when vital
- Collaborate with the Sales and Marketing team to help guide their efforts to provide opportunities that are aligned with trading ideas
- Build and maintain databases as necessary
- Understand and align with all internal policies as well as those of CFTC, SEC, FERC, and any other regulatory body or exchange
Role Requirements:
- Bachelor’s degree required in business, marketing or quantitative field such as math, statistics, IT, quantitative finance or engineering
- Minimum 3 years of either scheduling, profitable trading or portfolio optimization experience
- Solid understanding of the C&I retail gas industry
- High level of proficiency in Excel and ability to work within Salesforce and Endur
- Analytical skills required for pricing, risk assessment and transaction structuring
- Strong individual contributor with consultative style and skills for collaboration and teamwork
- Skilled at working across multi-disciplinary functions and departments
- Proficient in collecting, querying, prioritizing and analyzing sophisticated data, evaluating information and drawing logical conclusion
Considering Joining bp
At bp, we support our people to learn and grow in a diverse and exciting environment. We believe that our team is strengthened by diversity. bp is committed to encouraging an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, excellent retirement benefits, and more!
Travel Requirement
Negligible travel should be expected with this role
Relocation Assistance:
This role is not eligible for relocation
Remote Type:
This position is a hybrid of office/remote working
Skills:
Agreements and negotiations, Analytical Thinking, Commercial Acumen, Commercial Business Development, Continued Learning, Customer promise execution, Customer service delivery excellence, Deal modelling and valuation, Developing and implementing strategy, Influencing, Internal alignment, Listening, Loyalty Management, Marketing strategy and programmes, Negotiating value, Negotiation planning and preparation, Partner relationship management, Presenting, Thought Leadership, Trade discipline and compliance, Trading Fundamentals, Sentiment and Trends, Trading knowledge, Writing skills
Legal Disclaimer:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status.Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process,pleasecontact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.