Position Keeper

Phillips 66 • Houston, TX

370d

About The Position

The Position Keeper is a front office role within the Commercial liquids trading organization at Phillips 66, responsible for monitoring and tracking physical commodity trading obligations and associated paper positions. This role ensures accurate reporting of volumetric price exposure during trading to manage price risk effectively. The Position Keeper collaborates closely with Traders, Schedulers, and Position Control Analysts in a dynamic environment, focusing on mitigating flat price exposure and maintaining accurate position reporting.

Requirements

• Legally authorized to work in the job posting country
• Bachelor's Degree in Finance, Accounting, Marketing, or Engineering
• 1 or more years of experience in Commercial Business
• 1 or more years of experience with financial products/contracts used in commodity trading and risk management (swaps, options, futures and forwards)
• Knowledge of energy trading activities and related reporting/risk management

Nice To Haves

• Strong system aptitude with advanced skills in Microsoft Excel and Access
• Solid understanding of risk management methodologies and financial analysis
• Knowledge of trade capture systems used by the organization (RightAngle, Zainet)
• Analytical skills to derive and explain anomalies in data
• Documentation skills to record and report on findings to the business
• Detail-oriented with emphasis on accuracy and continual improvement
• Interpersonal skills
• Written & verbal communication skills
• Self-motivated and able to manage time with competing priorities and minimal supervision
• Ability to work with and be part of several different teams in an open, trade floor environment
• Ability to adjust personal schedule to meet requests on short notice

Responsibilities

• Accountable for the reporting of aggregate physical and paper exposures to support the management of the desired price risk profile of the trading organization.
• Mitigate flat price exposure on physical trades by managing corresponding futures positions.
• Monitor the activity of multiple traders and schedulers, tracking physical and paper activity to support trading decisions.
• Maintain and generate daily reports reflecting trading activity for the Trading Manager and individual traders.
• Provide information to the Position Control group for daily position reports, VaR, and price risk P&L for Commercial Liquids Trading.
• Create and manage daily transactional inputs for external trades and in-house deals to balance strategies.
• Coordinate with traders, schedulers, and PCAs for timely and accurate trade entry and system updates.
• Assist Finance with questions required for accurate business accounting and analysis.

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
• Industry: Gasoline Stations and Fuel Dealers
• Education Level: Bachelor's degree