Company:

INEOS Olefins & Polymers USA

Interested in joining a winning team? A team whose employees are empowered to make a difference?

Grade 33-34 commensurate with experience

Organizational context and job purpose

INEOS Organization: INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. Its production network spans 194 manufacturing facilities in 29 countries throughout the world. INEOS is one of the world’s largest chemicals company with $65b of sales per annum and 26,000 employees worldwide. INEOS Olefins and Polymers (O&P) USA is one of the largest subsidiaries within the INEOS group of companies and is headquartered in League City, TX.

Business Context: The O&P USA business produces a variety of commodity grade petrochemicals, of which the most important are Ethylene, Propylene, Butadiene, Polypropylene and Polyethylene. Manufacturing sites include Chocolate Bayou Works (Alvin, TX), Battleground Manufacturing Complex (LaPorte, TX), and Carson, (Carson, CA). The O&P USA business purchases significant quantities of Natural Gas Liquids, Naphtha, and other energy commodities for the production of the above mentioned product lines. The O&P USA business manages all of its raw material acquisition and has a robust trading and optimization group. The US NGL Team also serves as face to market and manages logistics for NGL exports to INEOS plants in Europe and 3rd party sales across the globe.

How the Role Fits In:

Feedstock supply and trading is a core activity within the O&P USA business that generates significant income and develops new sources of business value. The NGL Export Analyst role is a key part of the feedstock procurement and trading function and is responsible for performing a variety of activities to support feedstock market analysis, logistics and trading. The NGL Export Analyst works for O&P USA but supports INEOS Trading and Shipping (ITS) under a Support Level Agreement (SLA).

The Main Purpose of the Role:

The NGL Export Analyst reports to the NGL Export Sourcing Manager and is responsible for providing fundamental market analysis and trade execution support to the NGL Export Team. The NGL Export Analyst is responsible for developing complex valuation models in natural gas, natural gas liquids, refined products and crude oil markets that require applying expertise and innovation in the areas of macro-economic modelling, technical commodity price analysis and statistical analysis techniques. In addition to fundamental analysis, the NGL Export Analyst is responsible for assisting the NGL Export Logistics Specialist and NGL Product Export Specialist in executing daily activities such as nominations, inventory and shipping planning, export documentation and commodity transaction execution. This requires quick decisive thinking and influence skills in a fast-paced market environment to achieve optimal results. The NGL Export Analyst role is used as a development position for high potential individuals identified for advancement into a senior trader role after sufficient time in the role.

Responsibilities AND Accountabilities

Accountability 1: Provide Fundamental Market Analysis

The primary accountability for the NGL Export Analyst is to provide timely and accurate financial analysis of complex market and trading situations that can be used for decision making by senior traders and executive management to improve profitability of the business. The financial analysis and recommendations presented by the NGL Export Analyst has a direct impact on commercial decisions and business performance of the commodity trading group. The analyst will have direct input into trading decisions and strategies.

Development and maintenance of analytical models used for decision making around commodity trading strategies

Acquisition of data and market intelligence that can be used by senior traders to support trading activities. This requires strong interpersonal skills and the ability to influence or persuade market participants to share market information
Presentation of financial analysis results to senior traders and executive management

Accountability 2: Provide Support for Daily Activities of NGL Export Team

Develop and update Northeast US Supplier database that continuously tracks producer NGL supply activities and volumes available by producing location
Assist US face-to-market daily activities for logistics, operations, and nomination processes with suppliers, pipelines, and terminal operators
Assist US face-to-market daily acitivies related to maritime shipping, including communication with ship owners, marine terminals, inspectors/surveyors, and agents for ethane, ethylene, propane and butane.
Assist Export Team with developing monthly US shipping and logistics plans with INEOS Trading and Shipping.
Assisst Export Team with communicating updates to appropriate scheduling, operations, and commercial groups in O&P USA and ITS.
Assist Export Team with tracking movements and inventory balances to verify compliance with nominations.
Assist Export Team with monitoring and reporting on volumes transported, product imbalances/losses, and volume deficiencies.
Assist Export Team with ensuring supplier, pipeline and terminal accounts are reconciled and paid on time.
Assist Export Team with managing intra-month changes to the supply plan in response to disruptions (unplanned outages, shipping delays, etc).
Assist Export Team with managing export compliance requirements, providing relevant information on commodity export, USPPI allocations and document instructions to freight forwarder.
Meet with logistics and supply counterparts on a periodic basis.
Assist with negotiating amendments and additional supply and service agreements as necessary.
Understand and be able to update risk management systems and spreadsheet models used by the Finance Group to report daily profit/loss, positions and value-at-risk. Identify potential issues and errors in position reports and engage appropriate team members to resolve accordingly
Work closely with the O&P USA Feedstock Team and ITS to develop and execute plans to integrate operating activities into US Feedstock organization, leveraging as appropriate the existing US systems.
Assist Export Team with integrating new suppliers and midstream counterparties into existing Logistics and Operations activities.
Participate in regular strategic meetings between US team and ITS to ensure that US operations are aligned with Rafnes, Grangemouth, Zwijndrecht, and 3rd party needs; identify opportunities for value added optimization.
Provide back-up coverage for the NGL Export Logistics Specialist and NGL Product Export Specialist.

Accountability 3: Product Quality Management

Identify, develop, and execute quality initiatives in conjunction with ITS, O&P North, and O&P UK counterparts to maximize the quality of material delivered to the European petrochemical sites
Assist Export Team with negotiation of contracts with 3rd party analytical providers to ensure satisfactory service is provided at a competitive cost.
Work with 3rd party analytical providers to increase the availability of testing equipment in the Northeast and Gulf Coast markets to encourage competition, improve testing time/quality of service, and reduce costs
Work with suppliers, midstream companies, pipelines, and terminal operators to execute quality initiatives
Assist Export Team with off-spec product incidents including interfacing with ITS team to determine response to off-spec product.
Assist with managment of vessel strainers used during loading operations

Accountability 4: Project Implementation

Support project implementation activities at additional ethane export terminals in coordination with the ITS and O&P USA management teams during start-up and expansion phases of these potential projects

Most important activities:

HSE (OSHA recordable, environmental, near miss) – Ensure responsible operation of assets and follow best practices; management of change processes.
Identify supply and trading opportunities through fundamental market analysis
Product Quality – Ensure compliance with contractual and manufacturing product specifications.
Security of Supply – Manage product logistics to ensure timely supply of ethane and ethylene.
Engage in 20 principles process and behavioral safety procedure reviews.
Foster a learning environment around safety.
Flexible schedule ideal due to time differences with European counterparts.

Skills & Knowledge Required

Education/Experience

Degree in engineering, science or business required.
Understanding of fundamental economic models
Understanding and experience with the Petrochemical and NGL industries.
Maritime operations and logistics and LPG quality testing practices a plus.

Skills/Competencies

Excellent communication skills are critical along with the ability to work closely in a high performing team environment.
Candidate should be highly motivated; detail oriented and possess good planning skills.
Good interpersonal and influencing skills are beneficial.

How to Apply

Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance.On our team, people are acknowledged for embracing new practices that help create real value for customers.