Commercial Analyst

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Job Description:

Bp’s purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, fuelled by extraordinary insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes, and closer collaboration across our company and beyond, and you could be part of that too.
Global Lights (GLights) Trading & Origination is part of the Supply, Trading and Shipping (ST&S) sector of bp. GLights trades multiple commodities around the world such as gasoline, naphtha, ethanol, NGLs and petrochemicals. We have traders and originators in London, Chicago, Singapore and Houston in addition to representatives in regional offices throughout the world.

The Commercial Analyst will assist the traders including a focus on managing pricing options, post-deal management for complex deals, collaborating with internal stakeholders, conducting analytical and continuous improvement work in support of risk management. 

Key Accountabilities

This will include, but not limited to the following:

• Managing exposure for trading books –position updates, reconciliations, intraday moves, position explanation, collating orders, uploading hedges, order checks, entering provisions and reviewing P&L valuation, etc.
• Conduct post-deal management internally.
• Managing pricing options.
• Input all deals daily in a timely, accurate, and reliable manner. Respond to support functions for deal entry queries.
• Provide daily support to the traders, ensuring changes in position can be clearly articulated upon request.
• Manage and maintain pricing and curves.
• Manage cost reconciliations and collaborate with support functions including working closely with Commodity Risk
• Understand inter-regional cargo optimisation.
• Assist support functions with exposure queries, working as a critical interface between trading and functions.
• Supporting on-bench new activity, either integration or origination
• Support delivery of effective validation of deal valuation
• Ensure timely communication of performance (Expo / P&L)
• Ensure accurate reflection of deal valuation throughout the lifecycle of the deal. This includes operational and deal amends
• Work with the ST&S strategic programmes to continuously modernize ways of working to reduce waste.

Essential Experience and Job Requirements

• Experience in commodity trading environment, in a role where commercially astute, strong analytical and numeracy skills are required
• Technical knowledge in derivatives and physical trading strategies
• Ability to prioritise and organise workload autonomously
• Open communication style - confidence to challenge where required and ask for clarity when in doubt. Able to communicate key issues clearly and succinctly
• Highly effective team player, eager to learn and teach.
• Eager self-starter, with track record of solving business problems
• Innovative approach to problem solving, technology and analytics
• Proficiency in English (verbal and written communication)

Desirable criteria & qualifications

• Strong commercial awareness
• Pro-active, driven, and strong desire to learn, contribute and find ways to contribute to the book P&L
• Awareness and understanding of hydrocarbon operations
• Good interpersonal skills and ability to communicate well internally and externally in line
• Experience with deal entry systems
• Intermediate Excel skill
•  Have a progressive mindset and actively drive continuous improvement to streamline and simplify processes.

Why join us?

At bp, we support our people to grow in a diverse and exciting environment. We believe that our team is strengthened by diversity.

There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, excellent retirement benefits, among others!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please  contact us .
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.