LPG Trader
About this job
Phillips 66 & YOU - Together we can fuel the future
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. 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. Phillips 66 was recognized by Forbes as one of “America’s Best Employers” in 2021.
Learn more about Phillips 66 by visiting phillips66.com/about.
Reporting to Trading Lead, Global LPG, the LPG Trader will be part of the Singapore NGL Trading team and work closely with regional and global NGL traders to support the identification, evaluation and execution of LPG trading strategies that contribute to profitability and position optimization across regional and global markets. Key responsibilities include market and position analysis, trade execution, risk monitoring/management and acting as a liaison across front-, middle- and back-office functions to ensure accurate and efficient trade capture, position management and operational execution. The role will focus primarily on LPG trading while providing backup coverage for Naphtha trading activities as required.
What You’ll Do
- Support the Trading Lead, Global LPG and NGL Trader in identifying, evaluating and executing Global LPG Trading strategies while developing commercial and trading expertise.
- Negotiate with counterparties to execute spot and term physical and financial transactions within delegated trading authorities and risk limits.
- Perform risk and position analysis and act as a liaison across front-, middle- and back-office functions to ensure accurate position reporting and trade capture.
- Work closely with the Naphtha trader and provide backup coverage as required.
- Enter transactions into trading systems and support the creation and maintenance of physical and financial hedging programs daily.
- Develop expertise primarily in East of Suez LPG and Naphtha markets through mentorship from the Trading Lead and senior traders.
What You’ll Bring – Required
- Bachelor’s Degree or higher
- 5+ years of energy industry experience, including at least 2+ years of LPG experience
- Understanding of pricing and volume exposures and tools/strategies for managing risks
- Knowledge of LPG cargo and shipping operations and economics
- Knowledge of LPG supply-demand fundamentals and analytical techniques.
- Advanced computer skills
- Strategic thinker with a strong interest in Energy and global markets
- Results-oriented with ability to think and act decisively and independently under changing circumstances
- Team player with analytical and entrepreneurial mindset ready to thrive under pressure.
- Excellent interpersonal and communication (verbal and written) skills and the ability to work effectively with individuals from diverse business and cultural backgrounds
What Makes You Stand Out
- Naphtha experience preferred but not mandatory
- Ship tracking experience preferred
We regret to inform that only shortlisted candidates will be notified.
Phillips 66 International Trading Pte Ltd adopts the Tripartite Standards and is committed to be a fair and progressive employer.
Market insight
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The employer lists 12 081 – 12 717 $ for this role at PHILLIPS 66 INTERNATIONAL TRADING PTE. LTD. in Singapore. For comparison, the local market median is about 4 800 $ based on 75 102 similar offers.
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