Trader - Heavy Products

Marathon Petroleum Corporation; San Antonio (TX); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Health, vision, dental insurance

401k matching

Paid parental leave

Educational reimbursement

Discretionary annual bonus

Job summary

Marathon Petroleum Corporation is seeking a Heavy Products Trader in Texas to lead negotiation and the purchase/sale of heavy product streams, interfacing with traders, schedulers, and engineers to maximize margins while ensuring safety and compliance.

The Senior Trader path requires 5+ years in trading with profit/loss responsibility and scheduling experience; relocation to Houston or San Antonio is possible with relocation support.

Qualifications

• Bachelor's degree required.
• 3+ years of Trading or Marketing experience with P/L responsibility.
• 5+ years for Senior Trader role including product trading, negotiation, scheduling.

Responsibilities

• Develops and implements negotiating tactics and arranging the purchase and sale of Heavy Products as dictated by refinery economics, market conditions and logistical requirements.
• Ensures purchased and transferred intermediate feedstocks meet technical and refining parameters.
• Interacts with Traders, Schedulers, Refinery Feedstock Coordinators, Accountants, Engineers, Analysts, Legal and other personnel to develop and implement acquisition or sales strategies.
• Evaluates and executes discretionary trade and business development opportunities beyond core business (storage, blending, freight deals).
• Manages basis commodity exposure and/or physical inventory position to maximize market value within constraints.
• Represents the Company at industry functions and maintains internal/external contacts related to Heavy Products trading.
• Maintains and communicates commodity pricing database for internal use daily.

Skills

Accountability

Commercial Awareness

Communication

Contract Management

Customer-Focused

Data Analysis

Decision Making

Entrepreneurship

Mentoring People

Marketing Strategies

Negotiation

Risk Management

Strategic Planning

Education

Bachelor's degree

Job description

An exciting career awaits you At 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.

An exciting career awaits you At 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 Summary

Heavy Products Trading is part of Supply, Trading, and Origination (ST&O) a cross-functional organization that purchases/sells, plans, transports, and accounts for Heavy Products including Vacuum Gasoil, Fuel Oil and Slurry.

Heavy Products Traders interface externally to negotiate pricing and terms for the purchase and sale of various streams as dictated by refinery economics, refinery operations, market conditions, and logistics to maximize economic margin consistent with safe refinery supply chain operations and other MPC core values

This trading position is a role for a highly motivated individual that has a strong aptitude and a keen interest for a commercial career. Ideal candidates should possess a strong financial acumen and interpersonal skills. This role will provide an opportunity for the successful candidate to gain an understanding of the Heavy Products supply & trading business, while performing a complex and critical function.

Key Responsibilities

• Develops and implements negotiating tactics and arranging the purchase and sale of Heavy Products as dictated by refinery economics, market conditions and logistical requirements.
• Ensures purchased and transferred intermediate feedstocks meet technical and refining parameters.
• Interacting with Traders, Schedulers, Refinery Feedstock Coordinators, Accountants, Engineers, Analysts, Legal and other personnel in Commercial, Refining, Marketing, Product Quality, Transport & Logistics, Business Development, IT and Finance & Commercial Services and elsewhere. These interactions will be required to stay abreast of trading, logistical and financial activity, prepare contracts, address information queries, initiate, recommend, develop, and implement existing and new acquisition or sales strategies for achieving optimum value added from Heavy Products purchases, sales, and logistics.
• Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals).
• Manages basis commodity exposure and/or physical inventory position to maximize market structure value within operational constraints in collaboration with Refining, Scheduling, and Finance groups within assigned area.
• 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 Heavy Products trading.
• Maintains and communicates relevant commodity pricing database for internal use on a daily basis.

Education and Experience

Trader

• Bachelor’s degree required
• 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

• Bachelor’s degree required
• 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).

Skills

• Accountability
• Commercial Awareness
• Communication
• Contract Management
• Customer-Focused
• Data Analysis
• Decision Making
• Entrepreneurship
• Mentoring People
• Marketing Strategies
• Negotiation
• Risk Management
• Strategic Planning

Location

San Antonio, TX or Houston, TX

Relocation: Yes

Estimated Travel: 10%

This position grade may vary depending on candidate experience. The successful candidate will be placed at a level commensurate with experience and qualifications.

Job Requisition ID

00024313

Location Address

19100 Ridgewood Pkwy

Education

Bachelors (Required)

Employee Group

Full time

Employee Subgroup

Regular

• 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.

Marathon 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.

Equal Opportunity Employer: Veteran / Disability