Diesel Trader

UNIPEC America, Inc.; Houston (TX); On-site; USD 120,000 - 230,000; Full time

Job summary

UNIPEC America, Inc. is seeking a Diesel Trader to manage Middle Distillates physical trades and coordinate global arbitrage desks. The role supports market risk management, P&L reporting, and development of new business opportunities in Middle Disty trades.

The candidate will report market intel and trends to add value while ensuring compliance with laws and regulations across international and US Gulf Coast markets.

Qualifications

• Bachelor’s degree in Business, Finance, Accounting, or related field.
• 5+ years of experience in petroleum products trading, preferably Middle Distillates or Diesel trading.
• Strong knowledge of US Gulf Coast and Latin America markets.
• Experience in contract negotiations and problem-solving skills.
• Knowledge of market risk management instruments.

Responsibilities

• Manage Middle Distillates physical trades, market risks, and global arbitrage desks coordination.
• Responsible for Middle Disty trade positions and P&L reports.
• Develop and evaluate new business opportunities for Middle Disty trades.
• Report market intel, industry trends, and analysis to add value to the company.
• Identify innovative strategies to deliver trading solutions under all market conditions.
• Coordinate trading with shipping, operations, and other middle back-office functions.
• Ensure compliance with trade restrictions and applicable laws and regulations.

Skills

Petroleum trading

Market risk management

Contract negotiations

Global markets knowledge

Travel flexibility

Education

Bachelor’s degree in Business, Finance, Accounting, or related field

Tools

Trading software

Microsoft Office

Job description

The Company does not offer employment-based visa sponsorship of any kind, now or in the future.

Description

The Diesel Trader will be responsible for a range of activities related to trading refined products. This includes collaborating with the Global team on cargo arbitrage between international pricing centers, increasing Unipec's market share in the Americas' import and export flows, identifying strategic opportunities in regional futures and swap markets, and facilitating physical and financial information relevant to the Global team’s trading activities.

Job Type

Full-time

Responsibilities

• Manage the Middle Distillates physical trades, market risks, and global arbitrage desks coordination.
• Responsible for Middle Disty trade positions and P&L calculation reports.
• Develop and evaluate new business opportunities for Middle Disty trades.
• Report market intel, industry trends, and analysis to add value to the company.
• Identify and recommend innovative strategies to deliver marketing solutions to maximize value under all market conditions.
• Coordinate product trading with shipping, operations, and other middle back-office functions.
• Remain current on the legal and economic issues affecting the hydrocarbon industry.
• Work closely with compliance to ensure Unipec and counterparties abide by all trade restrictions and applicable laws and regulations.
• Perform all these activities to company standards within a highly controlled environment governed by external regulatory requirements as well as internal controls.
• Report financial gains/losses accurately, promptly, and in compliance with the company’s reporting framework.
• Ensure that all financial discrepancies or losses are documented with supporting evidence and communicated to management.
• Ensure that all data and operational inputs are accurate, timely, and standardized across systems.
• Other duties as assigned.

Requirements

• Bachelor’s degree in Business, Finance, Accounting, or related field.
• 5+ years of experience in petroleum products trading, preferably in Middle Distillates or Diesel trading.
• Strong knowledge of the US Gulf Coast and Latin America Markets.
• Strong knowledge of managing storage facilities.
• Knowledge of the global biodiesel market is strongly preferred.
• Knowledge of U.S. Gulf Coast Refinery Production and Import Flows.
• Experience in contract negotiations and problem-solving skills is required.
• Previous experience working in a multicultural/multilingual corporate environment.
• Knowledge and experience in market risk management instruments.
• Demonstrating the ability to work in high-pressure, deadline-driven environments.
• Experience working with trading software and Microsoft Office.
• Ability to travel as required, including international travel.
• This position requires permanent, unconditional authorization to work in the United States as a condition of employment. Eligible candidates are limited to U.S. citizens, U.S. nationals, and lawful permanent residents (green card holders) whose work authorization does not expire, is not subject to renewal, and is not contingent upon any pending application, petition, or adjudication by any government agency. The following do not satisfy this requirement:
• Employment Authorization Documents (EADs) of any kind, including those issued in connection with a pending application for adjustment of status (I-485), Temporary Protected Status (TPS), DACA, or any other pending immigration proceeding;
• Any nonimmigrant visa status, including but not limited to H-1B, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, STEM OPT, or CPT; or
• Any other work authorization that is temporary, conditional, or subject to change based on a government decision.

Agency Policy

We do not accept unsolicited resumes from third-party recruitment agencies; therefore, we will not pay any fees for resumes submitted.