Renewables Trader

Marathon Petroleum Company LP; Findlay (OH); On-site; USD 120,000 - 160,000; Full time

Job summary

Marathon Petroleum Company LP seeks a Trader/Senior Trader for its Renewables Trading desk in Findlay, OH. You will negotiate terms for Ethanol, Biodiesel and compliance credits, manage P&L, and optimize trading strategies to enhance MPC value.

The role requires strong financial acumen, market analysis, and cross-functional collaboration with Credit, Legal, and Accounting. Relocation is available; travel <10% may apply.

Qualifications

• Bachelor’s degree required.
• Three or more years of experience in Trading or Marketing with P&L responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe).
• Senior Trader: Five or more years of experience in Trading or Marketing including P&L responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe).

Responsibilities

• Develops negotiating tactics to maximize MPC value and supports sales/supply plans.
• Reviews market conditions and adapts short-term plans to optimize value.
• Negotiates and executes deals to maximize economic benefits.
• Maintains relationships with counterparties and prepares market reports.
• Collaborates with Credit, Legal, Accounting and other teams to meet compliance and develop strategies.
• Analyzes market conditions to optimize value added from trading activity.
• Manages exposure and inventory to maximize market structure value within constraints.

Skills

Trading

Marketing

Profit/Loss

Contract Negotiation

Scheduling

Education

Bachelor's degree

Job description

An exciting career awaits youAt MPC, we’re committed to being a great place to work – one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.Position SummaryRenewables Trading is part of Supply, Trading, and Origination (ST&O) a cross-functional organization that purchases/sells, plans, transports and accounts for Renewables including Ethanol, Bio Diesel, and Compliance Credits (RINS, LCFS, etc.).Traders interface externally to negotiate pricing and terms for the purchase and sale of Ethanol, Biodiesel, and Compliance Credits (RINs, LCFS, etc.) to maximize economic margin consistent with MPC core values.The position is a role for a highly motivated individual that has strong aptitude and a keen interest in a commercial career. Ideal candidates should possess strong financial acumen and interpersonal skills.Key ResponsibilitiesDevelops and implements negotiating tactics to complement planned sales/supply strategies and to maximize MPC overall value.Continuously reviews market conditions and the short-term supply and sales plans; recommends and implements changes to the plan to optimize overall value to MPC (product yield shifts, sales channel shifts, import/export changes, etc.)Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals)Initiates and completes negotiations and executes or recommends execution of deals (purchase, exchange, and sale contracts) that maximize economic benefits to the company.Builds and maintains internal and external relationships with counterparties and business partners.Prepares periodic reports on market activities and supply/demand or competitive developments.Collaborates with the value chain and various members of the extended business team (Credit, Legal, Accounting, etc.) to stay abreast of trading, logistical and financial activity, meet regulatory requirements, prepare contracts, address information queries, and develop acquisition/sales strategies to achieve optimum value.Participates in the negotiation or development of commercial resolutions impacting trading desk (e.g., disputes, claims, etc.)Analyzes and anticipates market conditions to optimize economic value added from trading activity in collaboration with FVC, VCO and across the value chain.Manages basis commodity exposure and/or physical inventory position to maximize market structure value within operational constraints in collaboration with FVC, VCO and across the value chain as well as Finance.Representing the Company at industry functions and keeping abreast of evolving industry conditions by training, reading, building and maintaining internal and external contacts related to Renewables Trading.Education and ExperienceBachelor’s degree requiredTrader:Three (3) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe).Senior Trader:Five (5) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe).Location: Findlay, OHRelocation: YesEstimated Travel: <10%As an energy industry leader, our career opportunities fuel personal and professional growth.Location:Findlay, OhioAdditional locations:Job Requisition ID:00024574Location Address:539 S Main StEducation:Bachelors (Required)Employee Group:Full timeEmployee Subgroup:RegularMarathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship or any other status protected by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant, click here.If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at [e-mail]. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation. Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available at https://mympcbenefits.com.The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.Equal Opportunity Employer: Veteran / DisabilityWe will consider all qualified Applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.