Commodity Contracts Specialist – Trade Confirmations & Risk

Vitol; Houston, Northern (TX, KY); Hybrid; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical Insurance

Vision Insurance

Paid Vacation

401k with company contributions

Life insurance

Short-term & Long-term disability

Job summary

Vitol, a global energy and commodities trading company, is seeking a Contracts Administrator in Houston to draft, dispatch and verify term details for crude, gas, power and fuel oil transactions. You will mitigate risk by ensuring accurate confirmations, master agreement references, and strong cross-functional coordination.

The role requires at least 1 year in commodities trading, familiarity with contract systems, and the ability to communicate clearly with Front Office, Legal, Credit and

Qualifications

• Minimum 1+ years’ experience in commodities trading environment.
• Experience or understanding of programming languages like Phyton or SQL.
• Conversational Spanish skills.
• Bachelor’s degree in numerate or semi-numerate subject or relevant experience in a related field.
• Understanding financial implications associated with the movement of physical product.
• Ability to assess contractual risk and make decisions accordingly.
• Capable of effectively communicating with internal and external contacts.
• Document administration in Microsoft Word.

Responsibilities

• Confirm all transactions completed are valid deals; promptly escalating to Front Office of missing or erroneous trades.
• Ensure all trade confirmations are drafted, issued, and executed in accordance with procedures.
• Ensure all drafted confirmations incorporate all approved and required terms along with references to any master agreements.
• Checking incoming counterparty confirms for errors and sending responses as needed.
• Assuring all broker confirmations are received and matched against trade economics within trading system.
• Liaising with Legal, Credit, Operations and other support partners to assure any additional terms are properly incorporated into contracts.
• Actively follow up on outstanding confirmations, elevate and resolve any lengthy delay with Contract Manager and Front Office.
• Establish and maintain strong working relationships with Front Office and ensure their questions and request are addressed timely and accurately.
• Provide weekly updates of any outstanding items to Contracts Lead and Contract Manager.
• Make sure all documents, emails and other supporting correspondence are filed in electronic retention system for each trade.
• Responding timely to any external queries on confirmations.
• Escalate to Contracts Lead and Contracts Manager any issues with contract system.
• Responsible for updating and maintaining procedures documents.
• Proactively identify opportunities to further streamline process and improve productivity.
• Participate in testing of system and process upgrades.

Skills

Phyton/SQL knowledge

Spanish skills

Communication

Education

Bachelor's degree in numerate field

Tools

Microsoft Word

Job description

Vitol, a global energy and commodities trading company, is seeking a Contracts Administrator in Houston to draft, dispatch and verify term details for crude, gas, power and fuel oil transactions. You will mitigate risk by ensuring accurate confirmations, master agreement references, and strong cross-functional coordination.

The role requires at least 1 year in commodities trading, familiarity with contract systems, and the ability to communicate clearly with Front Office, Legal, Credit and