Natural Gas Trader

09 Irving Oil Limited; Saint John; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading energy company in Saint John, New Brunswick, is seeking a Natural Gas Trader to execute trades, negotiate contracts, and analyze market trends. The ideal candidate will have over 5 years of experience and a background in business or economics. This role requires strong analytical and communication skills, alongside proficiency with MS Office. Competitive compensation and opportunities to grow the natural gas business are offered.

Qualifications

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

Responsibilities

• Execute daily spot, monthly & term trades following company policies.
• Negotiate contracts to establish relationships with suppliers and buyers.
• Analyze market trends to inform trading strategies.

Skills

Analytical skills

Relationship management

Communication skills

Ability to manage priorities

Attention to detail

Presentation skills

MS Office proficiency

Education

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

Tools

Excel

PowerPoint

Job description

Overview

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.

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.


• Good presentation skills.


• 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.

Job Requirements

• Work Experience: Supply Chain, Trading


• Education: Bachelors : Business Administration