Renewables Trader
Marathon PetroleumAn exciting career awaits you 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 Renewables Trading is part of Supply, Trading, and Origination (ST&O) a cross-functional organization that purchases/sells, plans, transports and accounts for Renewables including Ethanol, Bio Diesel, and Compliance Credits (RINS, LCFS, etc.). Traders interface externally to negotiate pricing and terms for the purchase and sale of Ethanol, Biodiesel, and Compliance Credits (RINs, LCFS, etc.) to maximize economic margin consistent with MPC core values. The position is a role for a highly motivated individual that has strong aptitude and a keen interest in a commercial career. Ideal candidates should possess strong financial acumen and interpersonal skills. Key Responsibilities Develops and implements negotiating tactics to complement planned sales/supply strategies and to maximize MPC overall value. Continuously reviews market conditions and the short-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.) Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals) Initiates and completes negotiations and executes or recommends execution of deals (purchase, exchange, and sale contracts) that maximize economic benefits to the company. Builds and maintains internal and external relationships with counterparties and business partners. Prepares periodic reports on market activities and supply/demand or competitive developments. Collaborates with the value chain and various members of the extended business team (Credit, Legal, Accounting, etc.) to stay abreast of trading, logistical and financial activity, meet regulatory requirements, prepare contracts, address information queries, and develop acquisition/sales strategies to achieve optimum value. Participates in the negotiation or development of commercial resolutions impacting trading desk (e.g., disputes, claims, etc.) Analyzes and anticipates market conditions to optimize economic value added from trading activity in collaboration with FVC, VCO and across the value chain. Manages basis commodity exposure and/or physical inventory position to maximize market structure value within operational constraints in collaboration with FVC, VCO and across the value chain as well as Finance. 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 Renewables Trading. Education and Experience Bachelor’s degree required Trader: Three (3) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe). Senior Trader: Five (5) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe). Location : Findlay, OH Relocation : Yes Estimated Travel : <10% As an energy industry leader, our career opportunities fuel personal and professional growth. Location: Findlay, Ohio Additional locations: Job Requisition ID: 00024574 Location Address: 539 S Main St Education: Bachelors (Required) Employee Group: Full time Employee Subgroup: Regular Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health dec…