Position Keeper

Phillips 66 & YOU - Together we can fuel the future

The Position Keeper is a front office position within the Commercial liquids trading organization that is responsible for the monitoring and tracking of physical commodity trading obligations and associated paper positions to ensure accurate reporting of volumetric price exposure during the trading day to facilitate the management of price risk by individual traders as well as group exposures. The position works closely with Traders, Schedulers and Position Control Analysts in a fast paced and dynamic environment to mitigate flat price exposure while supporting an effective and efficient control environment, ensuring positions are monitored throughout the trading day and appropriate future positions are maintained to support the delivery of accurate and timely marked to market daily and risk management position reporting. The Position Keeper works with team members from Trading, Scheduling, Accounting, and F&PA to resolve discrepancies and improve deal capture system accuracy in alignment with corporate and Commercial Risk policies and guidelines. 
 
Responsibilities May Include:

• Accountable for the reporting of aggregate physical and paper exposures to support the management of the desired price risk profile of the trading organization.  Often, the role includes the mitigation of flat price exposure on physical trades by the rigorous management of corresponding futures positions.
• Monitoring the activity of multiple traders and schedulers and the tracking of physical and paper activity and positions to support trading decisions.
• Maintain and generate daily reports that reflect this activity for the Trading Manager and individual traders.
• Provide information to the Position Control group to assist in the preparation of daily position reports, VaR, and price risk P&L for the Commercial Liquids Trading.
• Creating and managing the daily transactional inputs (external trades and any “in house” deals required to balance strategies).
• Coordinating and liaising with traders, schedulers, and PCAs to ensure timely and accurate trade entry and that the system of record is as up to date as possible.
• Coordinate with Finance on questions required to account for or analyze the business correctly.
• Assist and work on other responsibilities and tasks as needed.

 
Required Qualifications:

• Legally authorized to work in the job posting country
• Bachelor's Degree in Finance, Accounting, Marketing, or Engineering
• 1 or more years of experience in Commercial Business 
• 1 or more years of experience with financial products/contracts used in commodity trading and risk management (swaps, options, futures and forwards)
• Knowledge of energy trading activities and related reporting/risk management

 
Preferred Qualifications:

• Strong system aptitude with advanced skills in Microsoft Excel and Access
• Solid understanding of risk management methodologies and financial analysis
• Knowledge of trade capture systems used by the organization (RightAngle, Zainet)
• Analytical skills to derive and explain anomalies in data
• Documentation skills to record and report on findings to the business
• Detail-oriented with emphasis on accuracy and continual improvement
• Interpersonal skills
• Written & verbal communication skills
• Self-motivated and able to manage time with competing priorities and minimal supervision 
• Ability to work with and be part of several different teams in an open, trade floor environment
• Ability to adjust personal schedule to meet requests on short notice

The Commercial organization  works to effectively leverage assets and market knowledge to create additional value within the risk parameters of the Company. We do this by maximizing general interest profitability, enhancing return on capital employed by successfully partnering with the Refining, Transportation and Marketing functions to ensure Value Chain Integration.   Our truck and rail fleets support our feedstock and distribution operations.  Rail movements are provided via a fleet of more than 10,000 owned and leased rail cars. Truck movements are provided through numerous third-party trucking companies, as well as through our 100 percent-owned subsidiary, Sentinel Transportation LLC.

Total Rewards

At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being — physical, emotional, social, and financial — is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results — personally and professionally. Benefits for certain eligible, full-time employees include:

• Annual Variable Cash Incentive Program (VCIP) bonus
• 8% 401k company match
• Cash Balance Account pension
• Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
• Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services

Learn more about Phillips 66 Total Rewards.

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.

Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com. 

To be considered:

In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of 12/30/2024.

Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1).  Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.