Natural Gas Trader

09 Irving Oil Limited; Saint John; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading energy company seeks a Natural Gas Trader to join their team in Saint John. You will play a crucial role in executing trades, developing strategies, and optimizing operations, while also engaging with various stakeholders. Ideal candidates possess a strong analytical background and extensive experience in energy markets, supporting the company's objectives and driving growth.

Benefits

Access to fitness facility

Annual bonus plan

Flexible benefits plan

Paid vacation options

Wellness support

Paid volunteer day

Qualifications

• 5 or more years of related experience.
• Experience in energy markets analysis is an asset.
• Prior natural gas scheduling experience preferred.

Responsibilities

• Execute daily spot, monthly & term trades.
• Negotiate contract terms and manage relationships with suppliers.
• Analyze market information and trends to inform trading strategies.

Skills

Analytical skills

Communication skills

Attention to detail

Negotiation skills

Problem-solving skills

Education

Post-secondary education in business, economics, finance or engineering

Tools

MS Office

Job description

As a Natural Gas Trader, you will be an integral part of our Natural Gas Supply & Trading team supporting the Refining & Supply Operations. Together, the Natural Gas Team is responsible for monitoring supply and demand trends while ensuring availability of product and maximizing returns for the company. The Natural Gas Trader is responsible for executing physical trades and developing trading strategies in compliance with Irving Oil’s trade policies while analyzing market conditions to generate value. They are also responsible for scheduling duties along various pipelines throughout North America.

What We Offer :

Work Environment - 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, too

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 – Choose when and where to make an impact with a paid volunteer day, company volunteer opportunities, and a donation matching program

Your Responsibilities :

Execute daily spot, monthly & term trades in accordance with company policies

Evaluate and respond to RFP opportunities

Develop and maintain a thorough understanding of how natural gas is utilized within the various consuming business units, as well as issues that impact its use

Negotiate North American Energy Standards Board (NAESB) contract to establish relationships with new counterparties (suppliers / buyers / marketers / brokers). Engage internal Stakeholders including Treasury, Legal, Credit and Tax in verifying the terms and Special Provisions to the base contracts.

Negotiate contract terms / provisions for buy / sell (Price / volume / location / periods)

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.

Perform on call trading and scheduling duties.

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

Develop and execute strategies in response to planned or unplanned maintenance requirements and refinery turnaround activities

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

Assure routine deliverables to all internal stakeholders are complete accurately and on-time.

Maintain a strong understanding or willingness to learn natural gas market relevant alternate fuels, power and LNG.

Maintain understanding and knowledge of rules and regulations that are applied in pipeline General Terms and Conditions as well as knowledge and managing the existing contracts (Short-term and Long-term)

Collaborate with our Energy Transition team to integrate RNG supply with our existing Natural Gas infrastructure.

Your Skills :

Strong analytical skills.

Proven ability to maintain good working relationships with stakeholders including senior leaders.

Strong verbal and written communication skills.

Experience dealing with multiple priorities and deadlines / proven ability to meet hard deadlines.

Strong attention to detail.

Strong knowledge of MS office applications, particularly Excel and PowerPoint.

Your Experience :

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.