Pricing Analyst

ConocoPhillips • Houston, TX

2d

About The Position

The Commercial Pricing Analyst plays a key role in supporting pricing, valuation, and market analysis activities within a global energy trading and origination organization. This position focuses on analyzing market data, building pricing models, and supporting the evaluation of commercial opportunities across a diverse energy portfolio. The role is well suited for candidates with strong quantitative skills who are interested in applying analytical techniques to real-world trading and commercial decisions in fast moving energy markets.

Requirements

• Legally authorized to work in the United States.
• Bachelor’s degree in Finance, Economics, Engineering, Mathematics, or a related quantitative discipline, or foreign equivalent.
• 3 or more years of experience in pricing, analytics, trading support, or a related quantitative role.
• Exposure to energy commodities such as electricity, natural gas, crude, NGLs, or LNG.

Nice To Haves

• Experience supporting commercial, trading, or origination teams within the energy
• Experience using analytical tools and/or programming languages such as Excel, SQL, Python, or similar.
• Strong analytical, quantitative, and problem‑solving skills.
• Effective written and verbal communication skills.
• Ability to manage multiple tasks and work independently in a dynamic environmental sector.
• Familiarity with ETRM/CTRM systems (e.g., RightAngle, TriplePoint) and market data or curve management platforms (e.g., Zema MarketPlace, Zema Enterprise).
• Understanding of global energy markets and common pricing conventions.
• Awareness of regulatory and compliance considerations relevant to energy trading (e.g., FERC, CFTC, ISO/RTO frameworks).

Responsibilities

• Build, maintain, and continuously improve forward price curves across traded commodities, including crude oil, natural gas, LNG, NGLs, power, and associated basis markets.
• Integrate fundamental supply/demand data, market quotes, and proprietary models to generate robust and defensible price curves for use in daily mark-to-market and deal valuation.
• Calibrate curves to liquid market data and apply interpolation / extrapolation techniques for illiquid or long-dated tenors.
• Ensure curve governance, version control, and documented methodologies across all commodities.
• Apply established pricing methodologies and market conventions in line with internal risk guidelines and regulatory requirements.
• Monitor real-time market data, price signals, and volatility regimes across traded markets to inform curve adjustments and pricing assumptions.
• Analyze basis relationships, spread dynamics, and regional price differentials to support trading strategy and identify mispricings or arbitrage opportunities.
• Produce daily, weekly, and ad-hoc price commentary summarizing key market moves, curve changes, and their implications for the trading portfolio.
• Support pricing and valuation models, including forward curves, index‑linked structures, optionality, and deal‑level cash flow analysis.
• Document models, assumptions, and analytical outputs to ensure transparency and alignment with internal control and audit standards.
• Provide mark-to-market valuations and price-based risk metrics (e.g., delta, P&L sensitivities) to support middle office and risk management functions.
• Assist in stress-testing and scenario analysis, modeling the impact of price shocks, curve shifts, and volatility changes on trading positions.
• Collaborate with risk management to ensure pricing inputs are consistent with approved valuation methodologies and risk frameworks.
• Provide analytical support to Trading and Origination teams in evaluating, pricing, and structuring commercial transactions.
• Support valuation of physical and financial deals, including structured and index‑based transactions.
• Assist with review of pricing inputs, assumptions, and settlement logic throughout the transaction lifecycle.
• Leverage advanced trading platforms, data analytics tools (e.g., Eikon, Bloomberg Terminal, MarketView), and pricing libraries to support analysis and model development.
• Build and enhance automated data pipelines to source, validate, and distribute pricing data to internal stakeholders.
• Develop visualization tools and dashboards that provide traders and commercial leadership with real-time price transparency.
• Stay current on emerging methodologies in energy pricing and quantitative finance to continuously improve model accuracy and efficiency.
• Collaborate with Trading, Risk, Operations, and Finance teams to ensure consistent application of pricing assumptions and methodologies.
• Contribute to continuous improvement of pricing tools, curves, and analytical processes through data‑driven insights.

Benefits

• Medical, dental, vision, mental health support, and wellness programs.
• Competitive base pay, annual performance bonuses, and retirement savings plans.
• Paid time off, paid parental leave, and family support resources.
• Access to training, mentoring, and internal career mobility tools.
• Peer-nominated awards, inclusive culture, and employee resource groups.

What This Job Offers

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