Senior Refined Products and Trading Manager

Senior Refined Products and Trading Manager Position

Colonial has provided a wide range of opportunities for job candidates who are highly qualified, skilled, motivated and team players. Employees find exciting opportunities to grow and develop their careers at a stable company which offers a generous compensation and benefits package that includes annual incentive bonuses, retirement plans, insurance coverage and a host of other features that support a happy, active, productive and rewarding life. Come to Colonial, a great place to work, where people matter most, and where safety 24/7 is paramount.

Are you intrigued by the thought of being part of revolutionizing the energy industry and a new era in the pipeline industry? Do you want to be a part of a company that is obsessed with excellence in everything we do? A company growing and expanding our business that is full of opportunity? If so, we are seeking smart, safety focused, and energetic professionals to join our team to help us to the next level of excellence!

Colonial Pipeline is the largest refined products pipeline in the United States, transporting more than 100 million gallons or 2.5 million barrels per day. Colonial transports various grades of gasoline, diesel fuel, home heating oil, jet fuel, and fuels for the U.S. military through a pipeline system. Colonial transports approximately 45 percent of all fuel consumed on the East Coast, providing refined products to more than 50 million Americans.

About the Senior Refined Products and Trading Manager Position

As the Senior Refined Products and Trading Manager will be responsible for managing, sourcing, and selling Refined Petroleum Products, components, LPG's and Renewables for term and spot deals, developing and implementing trading strategies, and optimizing profitability. This role requires a strong understanding of the refined products market, excellent analytical and critical thinking skills, and the ability to work effectively and collaboratively in a fast-paced Supply and Distribution/Trading environment.

What You Get to Do:

• Collaborate with the operations team to ensure timely and efficient receipt and delivery of products including management of margin exposure throughout the supply chain.
• Develop and maintain relationships with key suppliers, customers, and other industry stakeholders.
• Develop and implement trading strategies to optimize profitability and manage risk.
• Execute the trading and supply of refined petroleum products, including gasoline, diesel fuel and other components, renewables, LPG's, and other products as deemed necessary.
• Execute all spot market purchases and sales in accordance with company policy, adhering to all local, State, and federal laws and regulations.
• Analyze market trends, fundamentals, and competitor activity to inform trading decisions.
• Negotiate term contracts and agreements with suppliers, customers, and other stakeholders.
• Provide market insights and intelligence to support business development and growth initiatives.
• Stay up to date with changes in market regulations, laws, and industry standards.
• Monitor and manage derivative position limits, stop-loss limits, and other risk management metrics.

What You Bring to the Table:

• Bachelor's Degree in Business, Finance, Economics, or related field of study from an accredited college or university; will consider a combination of experience and/or education.
• Ideally, 5+ years of experience in Refined Products Bulk Trading, both Index/Formula based trades as well as Basis Trading.
• Expert at understanding arbitrages and forward curves implications to optimize financial results.
• Approximately 5 or more years of experience in refined products Supply and Distribution/Scheduling, preferably within the Colonial Pipeline system encompassing primarily US Gulf Coast origins and US East Coast destinations. US Northeast regions experience a plus.
• Experienced at mitigating/managing flat price exposure including optimization of product inventory management.
• Experience with data analytics and visualization tools, such as Tableau or Power BI, though Power BI is preferred.
• Knowledge of regulatory requirements and industry standards, such as API or ASTM
• Commitment to consistently adhere to policies and procedures and be a positive example for others by demonstrating the Company's core values of Respect, Accountability, Innovation, Safety, and Excellence in completing work assignments.
• Self-motivated, have phenomenal work ethic and looking for the right company to support your growth.

Got Extra to Bring?

• Master's Degree in related field of study.
• Experience negotiating long term (1 year or longer) refined product purchase and sales agreements, and familiarity with standard commercial terms including formula-based pricing, various modes of transportation, the Colonial Pipeline system specifically, and others.
• Scheduling experience and supply chain knowledge for various modes of transport, pipeline, rail, truck, and/or waterborne.
• Gasoline blending experience as related to product quality, blending components and the economics/value generated from a blending operation.
• Experience in BIO based products and markets such as bio/renewable diesel, ethanol.

Advantages of Working at Colonial Pipeline Company:

Getting to work for a company that helps to meet our county's energy needs and keeps us moving!

Team members who care about each other while accomplishing remarkable things.

Highly competitive benefits Check out Colonial's Total Rewards

Are you up to the challenge? What are you waiting for? Apply today!

Colonial Pipeline is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status or any other reason prohibited by federal, state or local law.

Statement to all Third-Party Agencies and Similar Organizations: Colonial Pipeline accepts resumes only from agencies with which we formally engage their services. Please do not forward resumes to our applicant tracking system, Colonial Pipeline employees, hiring managers, or send to any Colonial Pipeline facility. Colonial Pipeline is not responsible for any fees or charges associated with unsolicited resumes.