BP

Retail Portfolio Manager - Upper Midwest

BP$100K — $120K *
Energy & Utilities
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, marketing, or quantitative field (math, statistics, IT, quantitative finance, or engineering)
  • Mid-level experience in energy trading and portfolio management
  • Strong knowledge of C&I retail gas industry and wholesale energy complex
  • Proficient in Excel and Endur ETRM
  • Strong analytical skills for pricing, risk assessment, and transaction structuring
  • Ability to collaborate across multiple functions including sales and operations
  • Skilled in data analysis and logical reasoning

Responsibilities

  • Execute market access and price discovery strategies for gas transactions
  • Hedge and optimize bpERC's retail gas customer portfolio
  • Provide transactable prices and market information to retail functions and customers
  • Research and develop strategies for new products in operable markets
  • Manage forecasted load deviations in prompt and cash markets
  • Optimize portfolio assets including supply and transport
  • Collaborate with wholesale trading for price discovery and execution

Benefits

  • Flexible working options
  • Generous paid parental leave policy
  • Excellent retirement benefits
Full Job Description
Entity:
Supply, Trading & Shipping

Job Family Group:
Supply & Trading Group

Job Description:
About the role

The Retail Gas Portfolio Manager will facilitate and transact all retail commercial and industrial natural gas customer hedge activity, with responsibility for regional customer pricing, associated hedges, portfolio optimization and risk management. This individual will identify optimization opportunities in the portfolio and work with affiliate business units and functional groups to manage energy products for the customer portfolio and deploy innovative solutions that leverage fundamental analysis, advanced analytics and market acumen.

Key Responsibilities
  • Execute strategy for market access, price discovery and transaction execution in approved products for bpERC natural gas internal and external clients
  • Hedge and optimize activity around bpERC's retail natural gas customer portfolio
  • Maintain and provide transactable prices for approved tradable products as well as market information to the bpERC retail pricing and operational functions, sales persons and customers
  • Research new products and develop strategy to optimize and hedge in bpERC operable markets
  • Support and manage forecasted load deviations and exposures in prompt and cash months
  • Optimize portfolio assets and obligations such as supply, interstate transport and storage
  • Work closely with bpEC's wholesale trading desk for price discovery and execution
  • Price, manage, and book deals consisting of a variety of standard and non-standard products
  • Manage the risk associated with a standard and non-standard product portfolio while adhering to allocated risk limits
  • Identify structured supply or customer opportunities and participate in closing transactions when necessary
  • Collaborate with the Sales and Marketing team to help guide their efforts to provide opportunities that are aligned with trading ideas and geographic locations
  • Build and maintain databases as necessary
  • Understand and comply with all internal policies as well as those of CFTC, SEC, FERC, and any other regulatory body or exchange


Essential education, experience and requirements
  • Bachelor's degree required in business, marketing or quantitative field such as math, statistics, IT, quantitative finance or engineering
  • Mid level experience or comparable skills of energy trading and portfolio management and optimization, retail/wholesale customer pricing and hedging
  • Strong working knowledge of the C&I retail gas industry and wholesale energy complex
  • High level of proficiency in Excel and ability to work within the Endur ETRM
  • Analytical skills required for pricing, risk assessment and transaction structuring
  • Strong individual contributor with consultative style and aptitude for collaboration and teamwork
  • Skilled at working across multi-disciplinary functions and departments including sales, physical operations and risk management
  • Proficient in collecting, querying, organizing and analyzing complex data, evaluating information and drawing logical conclusions


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, and excellent retirement benefits, among others!

Travel Requirement
Negligible travel should be expected with this role

Relocation Assistance:
This role is not eligible for relocation

Remote Type:
This position is a hybrid of office/remote working

Skills:
Agreements and negotiations, Analytical Thinking, Business Acumen, Commercial Business Development, Continuous Learning, Customer promise execution, Customer service delivery excellence, Deal modelling and valuation, Developing and implementing strategy, Influencing, Internal alignment, Listening, Loyalty Management, Marketing strategy and programmes, Negotiating value, Negotiation planning and preparation, Partner relationship management, Presenting, Sentiment and Trends, Thought Leadership, Trade discipline and compliance, Trading Fundamentals, Trading knowledge, Writing skills

About BP

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. In 1959, the company expanded beyond the Middle East to Alaska. British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000 and Aral AG in 2002. The company's name was shortened to BP p.l.c. in 2001. From 2003 to 2013, BP was a partner in the TNK-BP joint venture in Russia, and from 2013 until Russia's 2022 invasion of Ukraine, held a nearly 20% stake in Rosneft.
Learn more about BP
Size
65,900 employees
Market Cap
$104.4 billion
Industry
Net Income
-$20.3 billion
Founded
1909
5 Year Trend
-2.9%
Revenue
$180.3 billion
NASDAQ

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