Sr. Crude Trader

Marathon Petroleum Corporation • Houston, TX

31d • Onsite

About The Position

At MPC, we're committed to being a great place to work - one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment. Position Summary Crude Oil Trading is part of Global Feedstocks Value Chain (GFVC), a cross-functional organization that purchases/sells, plans, transports, and accounts for crude oil and other refinery feedstocks. Crude Oil Trading has personnel located in the United States, Canada, Singapore, and the UK. Crude Oil Traders interface externally to negotiate pricing and terms for the purchase and sale of Crude Oil as dictated by refinery economics, market conditions, and logistics to maximize economic margin consistent with safe refinery supply chain operations and other MPC core values. This trading position is for a highly motivated individual that has a strong aptitude and a keen interest for a commercial career. This role will provide an opportunity for the successful candidate to gain an understanding of the crude oil supply business, while performing a complex and critical function.

Requirements

• Bachelor's degree in business, finance, marketing, economics, accounting, or related field of study
• 5 or more years of experience in a commercial role, trading or marketing including profit/loss responsibility for crude trading, contract negotiation, and scheduling (rail, truck, and pipe)

Responsibilities

• Develops and implements negotiating tactics and arranging the purchase and sale of crude oil as dictated by refinery economics, market conditions and logistical requirements.
• Interacting with Traders, Schedulers, Refinery Feedstock Coordinators, Accountants, Engineers, Analysts, Legal and other personnel in Commercial, Refining, Marketing, Product Quality, Transport & Logistics, Business Development, IT and Finance & Commercial Services and elsewhere. These interactions will be required to stay abreast of trading, logistical and financial activity, prepare contracts, address information queries, initiate, recommend, develop, and implement existing and new acquisition or sales strategies for achieving optimum value added from crude oil purchases, sales, and logistics.
• Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals).
• Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals).
• Manages basis commodity exposure and/or physical inventory position to maximize market structure value within operational constraints in collaboration with Refining, Scheduling, and Finance groups within assigned area.
• Representing the Company at industry functions and keeping abreast of evolving industry conditions by training, reading, building, and maintaining internal and external contacts related to crude oil trading.
• This dynamic trading role will support MPC's Global book that encompasses foreign and domestic execution, US crude exports and supply the US refining system.
• Continuously reviews market conditions and the short- and medium-term supply and sales plans; recommends and implements changes to the plan to optimize overall value to MPC (product yield shifts, sales channel shifts, import/export changes, etc.)
• Optimizes transportation and storage asset utilization, while managing costs and maximizing economic benefit in collaboration with key stakeholders with a focus on short and medium term.

Benefits

• Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement.
• Detailed benefit information is available at https://mympcbenefits.com.
• The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Merchant Wholesalers, Nondurable Goods
• Number of Employees: 5,001-10,000 employees