Phillips 66 Analyst, Reporting & Position Control in Houston, Texas
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 and watch our video "Trying New Things" by visiting phillips66.com/about.
The Analyst, Reporting & Position Control position is responsible for supporting the monitoring and reporting of all physical and paper commodity trades using the commercial department's deal capture, position reporting and risk management systems. The position serves as a resource to the position control and risk analysis functions, solving problems, and working special projects.
Responsibilities May Include
Producing a daily analysis and explanation for business unit positions, exposure, and P&L in a timely and accurate manner.
Preparing a daily reconciliation of physical and financial positions to systems of record and front office control spreadsheets to support reporting accuracy and controls.
Providing business explanations for the monthly financial results.
Supporting and maintaining the Company's internal control environment to ensure compliance with all risk policies and trading controls.
Providing daily exposure information used to calculate and back test VaR.
Performing regression testing of system upgrades and enhancements.
Supporting modeling analysis for possible trading scenarios and structured products.
Providing ad hoc analysis and decision support information for commercial business units.
Ensuring prices are valid for valuing and marking all open positions to market.
Legally authorized to work in the job posting country
Intermediate proficiency in Microsoft Excel
Bachelor's degree in Finance, Accounting or Engineering
Working knowledge of financial products/contracts used in commodity trading and risk management (swaps, options, futures and forwards)
Ability to work with and be part of several different teams in an open trade floor environment
Ability to juggle tasks in a fast-paced work environment in order to drive consistent process improvement and meet deadlines
Keen attention to detail
Ability to work with minimal supervision and handle multiple priorities
Passion to excel (setting high standards, delivers results)
Solid oral and written communications skills
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, with an additional 0-4% Company 401k contribution based on the Company’s financial performance
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 at hr.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 December 12, 2022 .
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.
Phillips 66 is an EEO and Affirmative Action Employer of Women/Minorities/Veterans/Individuals with Disabilities
Requisition ID: 56659
Location: Texas - Houston
Job Field: Risk Management
Division : Global Commercial Risk
Technical Req : No