Senior NGL Commercial Analyst

Pembina Pipeline Corporation • Calgary, AB

3d • Hybrid

About The Position

Pembina Pipeline Corporation is a dynamic energy transportation and midstream provider with over 65 years of experience. They own pipelines for hydrocarbon liquids and natural gas products, gathering and processing facilities, and an infrastructure and logistics business. Pembina offers a full range of midstream and marketing services. The company emphasizes values such as Safety, Trustworthiness, Respect, Collaboration, and Entrepreneurship, fostering a diverse and inclusive work environment. Safety is a core value, with the belief that all incidents are preventable. The Senior Analyst, NGL Commercial position is within the Marketing Strategy Division and reports to the Manager, NGL Supply & Storage. This role is crucial for commercial execution and optimization across the NGL value chain, connecting marketing, supply coordination, storage, and terminaling. It provides financial transparency, analytical insights, owns daily P&L reporting, and supports value-driven decision-making. The role partners with the commercial team to offer customer-level insights, evaluate deals, and optimize the value chain. A key responsibility includes contributing to the RightAngle (ETRM) implementation, ensuring reliable reporting and providing timely insights. Pembina’s Marketing Business Unit (MBU) drives value through strategic buying, selling, and optimization of natural gas, NGLs, condensate, and crude oil, utilizing market intelligence and contracting capacity to enhance market access and pricing. The MBU also identifies and advances commercial opportunities to support Pembina’s asset portfolio growth and optimize value for Pembina and WCSB producers.

Requirements

• Bachelor’s degree in Economics, Business, Commerce, or a quantitative discipline.
• 3+ years’ experience in energy trading analytics, market fundamentals, or commercial finance within the energy sector.
• Proven experience owning and explaining daily P&L (NGL exposure preferred), with strong critical thinking in analyzing drivers and variances.
• Strong understanding of cash vs. MTM attribution, accrual/timing impacts, and reconciliation to accounting, with ability to clearly articulate insights through concise written and verbal communication.
• Solid knowledge of the NGL value chain, including physical flows, infrastructure, pricing, and midstream economics.
• Advanced analytical capability, including building and maintaining complex dynamic models.
• Proficiency in Excel, Python, SQL, or similar tools.
• Strong ability to assess and interpret short-term market drivers (e.g., weather, storage, outages, geopolitical events) and translate them into actionable insights.
• Excellent communication and writing skills, with the ability to distill complex analysis into clear, decision-ready reporting for leadership.
• Effective cross-functional collaborator, acting as a key interface between Commercial, Accounting, IT, and project stakeholders.
• Contribute to standardized reporting, scalable tools, and continuous improvement across analytics, processes, and data governance.
• Must be legally able to work in the country of the position.
• Must undergo Pre-Employment Background Checks including a Criminal Record Check.

Nice To Haves

• CFA/MBA (completed or in progress) preferred.
• Experience with cloud analytics environments and RightAngle ETRM preferred.

Responsibilities

• Maintain and deliver accurate, timely daily P&L reporting for the NGL commercial portfolio, including validation of exposures.
• Provide clear attribution and variance analysis (price, volume, logistics, timing, etc.).
• Partner with Accounting to support month-end close, including development of P&L bridge and reconciliation processes.
• Enhance transparency and consistency between daily trading P&L and financial reporting.
• Act as a key commercial representative supporting the implementation of RightAngle.
• Work closely with project, IT, and accounting teams to design and validate P&L outputs within the system.
• Ensure alignment between system-generated P&L and commercial/analytical views of the business.
• Support testing, data validation, and reconciliation processes to establish confidence in the system.
• Contribute to defining future-state processes and controls for P&L reporting and analytics.
• Partner with the NGL commercial team to support strategic decision-making across the portfolio.
• Conduct customer-level analysis to assess profitability, contract performance, and value creation opportunities.
• Evaluate deal flow economics, including margin analysis, risk considerations, and alignment with strategy.
• Provide insights to support structuring, negotiation, and optimization of commercial agreements.
• Provide actionable insights to support optimization of marketing, supply, and logistics decisions.
• Analyze margins across the value chain, including supply acquisition, transportation, storage, and terminaling.
• Identify opportunities to enhance value capture and improve decision-making through data-driven insights.
• Re-build, maintain, and continuously improve the RFS supply model.
• Ensure alignment between supply inputs, logistics constraints, and commercial strategy.
• Support scenario analysis and forward-looking views to guide trading and marketing strategies.

Benefits

• Pembina’s Flexible Work Standard provides the option for eligible employees to work remotely on Fridays.
• Our expectations are high, and our total rewards package reflects this.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior