MidCon Distillates Trader

Phillips 66 • Houston, TX

7d • $171,000 - $209,000

About The Position

The Midcon Distillates Trader plays a key role in developing and executing discretionary distillate trading strategies across the U.S. Midcontinent. This role is responsible for optimizing Phillips 66 refinery production, sourcing competitive supply for Aviation, and capturing value through market insight, disciplined risk management, and strong commercial execution within established trading limits.

Requirements

• Bachelor’s Degree
• 5+ years of commercial experience
• 1 or more years of verified energy trading experience
• Intermediate or above proficiency in Microsoft Excel
• Legally authorized to work in the job posting country

Nice To Haves

• Bachelor’s degree in Engineering, Finance, or Economics
• 1 or more years of verified clean products trading experience
• Advanced knowledge of U.S. clean products physical markets
• Experience with pipeline and waterborne scheduling
• Understanding of refining optimization and experience working within a refining system
• Strong negotiation, communication, and relationship-building skills
• Demonstrated ability to adapt to rapidly changing market conditions and lead through influence
• High ethical standards, strong personal drive, and commitment to team success
• Working knowledge of physical and financial energy markets and trading instruments
• Strong analytical skills with proficiency in Microsoft Excel
• Ability to manage risk within defined limits and comply with trading and operational controls

Responsibilities

• Develop and execute discretionary diesel and jet trading strategies in the U.S. Midcontinent markets to support overall clean product optimization.
• Analyze market fundamentals, pricing dynamics, and logistics constraints to establish market views and identify trade opportunities.
• Manage physical and financial positions, including time spreads and basis swaps, to express market views and hedge exposures.
• Partner with Market Analysts to maintain accurate product balances, storage positions, and logistics plans.
• Collaborate closely with Refining, VCO, Marketing, Aviation, and Operations to align short-term optimization with longer-term commercial strategies.
• Negotiate and execute physical and derivative transactions, ensuring accurate deal capture and compliance with policies and controls.
• Monitor risk exposures and proactively take action to mitigate market, operational, and financial risks.
• Build and maintain strong relationships with internal stakeholders and external counterparties while providing timely market insights to leadership.

Benefits

• Annual Variable Cash Incentive Program (VCIP) bonus
• 8% 401k company match
• Cash Balance Account pension
• Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
• Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees