Associate Risk Analyst

Sprague Operating Resources LLC; Portsmouth (NH); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

401(k) Traditional and Roth plans with

Employer match 100% of first 6%

Paid Volunteer Time

Flexible Working Policy

Health Plan Options

Wellness Program

Job summary

Sprague is seeking an Associate Risk Analyst in Portsmouth, NH for a hybrid role focused on the daily mark to market of the Refined Products Supply portfolio, PnL processing, and end-of-day reconciliation with the trading desk. The position collaborates with RP Risk Analysts to ensure monthly close and risk limit reporting are completed accurately.

Ideal candidates have an undergraduate degree in Accounting, Economics or Finance with 2–4 years of relevant experience, strong Excel skills, and

Qualifications

• Undergraduate degree in Accounting, Economics or Finance with 2 to 4 years of relevant business experience.
• Energy industry experience is a plus
• Strong computer literacy, Advanced Microsoft Excel skills
• Ion Right Angle experience desired
• Extremely detail oriented
• Ability to prioritize daily tasks according to business need, in collaboration with team members in fast paced, stressful environment
• Excellent written and verbal communication skills

Responsibilities

• Monitor, track and report Refined Products Supply physical/financial positions and mark to market valuation daily to traders and upper management.
• Primary liaison between Refined Products traders and Refined Products Accounting analysts to resolve position data discrepancies and position valuation questions.
• Updating/maintaining trading system reference data, from book reporting structure to instrument creation in RightAngle (ETRM)
• Monitor/report compliance with Risk Limits applicable to Refined Products daily.
• Support month end accounting close.
• Constant interaction with Director, Middle Office regarding risk assessment monitoring/reporting.
• Handle ad-hoc requests from traders and other stakeholders.

Skills

Excel

RightAngle

Communication

Detail-oriented

Education

Accounting

Economics

Finance

Tools

RightAngle

Job description

Sprague is passionate about delivering diverse products and programs that warm, power and move the world. We keep homes warm through Northeastern winters and hospitals cool through summer. We help small businesses focus on serving their communities, and our renewable fuels keep our country’s infrastructure running. From importing wind energy components to deploying leading-edge solar technology to help power terminal facilities, we are committed to continually evolving to meet our customers’ changing energy needs.

Our Culture

We recently surveyed our employees to ask them their favorite part of the job. They answered, "The people I work with."

In addition to great coworkers, you’ll enjoy perks like medical benefits and retirement contributions that start on your first day. Employees start with three weeks (15 days) of paid vacation time per year! Sprague also provides tuition reimbursement for any employee that would like to further their education. Do you like to get involved where you work? Is giving back important to you? It’s important to us, too! Sprague donates back to the communities in which we live and work every year and provides opportunities for employees to support various charities throughout the year. In addition, Sprague offers paid volunteer time to allow employees to support charities which are meaningful to them in the communities in which they live. Sprague has a range of committees to support varying initiatives (Sustainability, Charitable, Scholarship, Innovation, FunForce, etc.). Sprague is a place that cares about its employees, its community, and about creating a place where people want to come to work every day.

Plus, we have some great benefits!

• 401(k) Traditional and Roth plans with employer match of 100% of the first 6% of the employee’s contribution
• Defined Contribution Plan with an automatic contribution from Sprague
• Paid Volunteer Time
• Flexible Working Policy
• Choice of high deductible and PPO Health Plans to fit your individual needs
• Wellness Program

We want to hear from you!

Our Associate Risk Analyst is responsible for the daily mark to market of the Refined Products (RP) Supply portfolio, the daily processing of the RP Supply PnL (profit and loss) reports, the end of day tie out of expected results with the trading desk, the daily reconciliation of financial trading positions to broker statements, and daily risk limit compliance reporting. Our Associate Risk Analyst will interact with the RP Risk Analyst to ensure all daily and month end requirements are completed.

• Monitor, track and report Refined Products Supply physical/financial positions and mark to market valuation daily to traders and upper management.
• Primary liaison between Refined Products traders and Refined Products Accounting analysts to resolve position data discrepancies and position valuation questions.
• Updating/maintaining trading system reference data, from book reporting structure to instrument creation in RightAngle (ETRM)
• Monitor/report compliance with Risk Limits applicable to Refined Products daily.
• Support month end accounting close.
• Constant interaction with Director, Middle Office regarding risk assessment monitoring/reporting.
• Handle ad-hoc requests from traders and other stakeholders.

This opportunity will be hybrid with at least three days in the Portsmouth, NH office.

Do you like to solve problems and consider yourself forward thinking? If you are looking for a place to challenge yourself, then Sprague is your place. Sprague employees are dedicated and driven. We work best as a team, knowing that collaboration leads to innovation and the best customer experience. We are looking for hardworking colleagues to join us and help us stay at the forefront of the energy industry, which is where we’ve been for over 150 years.

Qualified candidates for this role will have the following:

• Undergraduate degree in Accounting, Economics or Finance with 2 to 4 years of relevant business experience.
• Energy industry experience is a plus
• Strong computer literacy, Advanced Microsoft Excel skills
• Ion Right Angle experience desired
• Extremely detail oriented
• Ability to prioritize daily tasks according to business need, in collaboration with team members in fast paced, stressful environment
• Excellent written and verbal communication skills

Physical Demands

• Prolonged periods of sitting and/or standing at a desk.
• Frequent use of computer keyboard and mouse.
• Occasional reaching and stretching.
• Occasional lifting and carrying light objects (usually up to 10 pounds).
• Moving within the office environment, including visits to different departments or meeting rooms.
• Prolonged periods of computer monitor work, reading documents, and detailed work.
• Frequent typing and use of office equipment.
• Ability to communicate clearly over the phone, video conferencing and in person.

Who we are:

Sprague takes a collaborative, customer-centric approach to providing best-in-class energy products and related services throughout the Northeast. Founded in 1870, we pride ourselves on offering customers the expert solutions and high-quality service that help their businesses thrive in any market landscape. Sprague values innovation, safety, integrity and people. We know that our people are what set us apart from our competition, and we work hard to make sure each employee across our 20+ locations knows how important they are to our community.

Come join us to learn why we are consistently celebrating 20-, 30-, and even 40-year anniversaries here at Sprague!

Sprague is an Equal Opportunity and Affinititve Action employer. We strive to create a respectful and inclusive environment which welcomes people from all backgrounds and experiences.

As a federal contractor we adhere to OFCCP employment regulations. Click here for OFCCP compliance information