Middle Officer

Gunvor

$80K — $95K *
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 1-5 years of experience in Middle Office within a commodity trading setting.
  • Familiarity with energy trading concepts is essential; related trading experience may be acceptable.
  • Experience with trading systems and advantageous programming skills (SQL/IT).
  • Proficient in Microsoft Office, particularly Excel.
  • Strong business analysis and project management skills.
  • Detail-oriented with a rigorous approach to tasks.
  • Excellent verbal and written communication abilities.
  • A valid university degree and US work permit required.

Responsibilities

  • Monitor trading positions and daily Profit and Loss (PnL).
  • Coordinate daily pricing exposure reconciliation with trading and operations.
  • Validate positions and PnL promptly.
  • Report daily position and PnL to management.
  • Maintain reliable information within the in-house ETRM system, including cost assessments.
  • Build and oversee in-house forward curves within the ETRM, aligned with market assessments.
  • Ensure accuracy of forward curves against market values.
  • Conduct daily process improvements, including market data checks and regulatory reports.
  • Facilitate intercompany deal checks with various desks/offices.
  • Reconcile futures trades involving ETRM and clearing agents/exchanges.
  • Liaise with the back-office as needed and manage MTM of physical deals in ETRM.
  • Implement and allocate hedge strategies as necessary.
  • Verify cost alignments between ETRM and operational invoices.
  • Monitor exposure and VAR limits and report breaches to management.
  • Reconcile monthly results with accounting and provide backups for other desks as needed.

Benefits

  • Health, dental, and vision insurance.
  • Retirement plan options with company matching.
  • Paid time off (PTO) and holiday benefits.
  • Opportunities for professional development and training.
  • Collaborative and supportive work environment.
Full Job Description

Job Title:

Middle Officer

Contract Type:

Permanent

Time Type:

Full time

Job Description:

Main Responsibilities

  • Daily monitoring of the trading Position & Profit and Loss (PnL)

  • Daily pricing exposure reconciliation with trading & operations (Ops)

  • Validate position and PnL in an timely manner

  • Report position and PnL daily to management

  • Review and maintain information reliability in in-house ETRM system, including costs

  • Build & monitor in-house forward curves in ETRM including front to back implementation for market assessment

  • Check accuracy and consistency of forward curves vs market values

  • Complete and improve upon daily processes such as market data checks, trade completeness and regulatory reports

  • Coordinate and check intercompany deals with other desks/offices of the group

  • Check and reconcile futures tradesbetween ETRMand clearing agents & exchanges

  • Liaise and coordinate as needed with Ops (or similar functions) and back-office

  • Check and monitor MTM of physical deals entered in ETRM

  • Allocate hedges in strategies,as the case may be

  • Check & compare costs in ETRMvs Ops costs and invoices

  • Monitor exposure/VAR and inform management in case of limits breaks

  • Verify and reconcile end of month results with accounting

  • Back up for other desks as needed

  • Work with Front Office, IT, Ops, Finance & Credit as the case may be

Profile

  • One - Five yearsexperience in Middle Office in a commodity trading environment with comprehension of energy trading, related trading experience can substitute

  • Trading system experience, programming/SQL/IT skills seen as an advantage

  • Experienced user of Microsoft Office with an emphasis in Excel

  • Demonstrated business analysis skills

  • Demonstrated knowledge of commodities

  • Project Management skills

  • Proactive / self-motivated

  • Rigorous and detail oriented

  • Good verbal and written presentation skills

  • University Degree

  • US working permit

If you think the open position you see is right for you, we encourage you to apply!


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