This position is responsible for the execution of physical and financial trading and performs analysis of inventories, exposure positions and market data to guide execution strategy to optimize value and hedge against commodity risk.

The refined products segment of ONEOK's business will be the primary focus for this role but can include regulatory compliance trading such as RINs, sulfur credits and benzene credits as well as some crude oil trading.

Systems and software primarily used in this role include RightAngle, Qlik Sense, Excel, Atlas, and Cobalt.

Responsibilities:

Marketing and Hedging

• Acts in compliance with the ONEOK Commodity Management Policy
• Markets production volume for all ONEOK's business strategies through spot and term trade agreements
• Negotiates purchase/sale transactions as required for inventory management of all ONEOK over/short positions
• Executes financial trades to manage price risk for all ONEOK business strategies and over/short positions and hedge forward margin value
• As identified, executes on other trading opportunities that create incremental value for ONEOK

Market Analysis

• Articulates key industry issues, insights, and market outlooks
• Compiles data for historical and forward analysis
• Regularly reviews and analyzes refined products, crude, and NGL markets and collaborates with commodities team to develop sales and hedging strategies.
• Performs market research and analysis to maintain knowledge of relevant market fundamentals and identify emerging trends, anomalies, and opportunities

Reporting and Position Analysis:

• Compiles, analyzes, interprets, and makes decisions from reporting of MTM positions, risk exposure positions, hedge status, hedged margin values, break-even analysis etc
• Maintains and further expands existing commodities analysis reports and models utilizing various reporting tools such as Qlik, Reuters, RightAngle and Excel add-ins to help ONEOK evaluate and manage commodity exposure
• Analyze MMP physical inventory positions and movements for refined products and crude in ONEOK's and other 3rd party’s inventory systems

Requirements of the successful candidate for this role include:

• Bachelor's degree in accounting, business, finance or related field of study highly preferred
• 4-7 years of job-related experience
• Strong communication and relationship building abilities
• Familiarity with refined products markets
• Demonstrated problem-solving and business analysis skills
• Ability to be detail oriented while also maintaining commercial awareness and focus on the broader view of the overall company strategy
• Aptitude to apply strategic thinking skills to identify and evaluate, logically and creatively, various factors that can have a current and future business impact
• Proficiency in raw data manipulation, applying advanced MS Excel skills with intermediate to advanced computation skills

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills or working conditions.

Additional requirements:
The ability to communicate effectively orally and in writing in English with co-workers, supervisors, internal and external customers; the ability to work in stressful conditions; the ability to adapt and respond in changing circumstances; the ability to use a personal computer with the Windows® operating system to complete time sheets, send and receive email, and access information posted on the Company’s intranet; availability as needed to work on both a scheduled and call-out basis; and the ability to work at the assigned job site.

ONEOK is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, sex, pregnancy, sexual orientation, age, religion, creed, national origin, gender identity, disability, military/veteran status, genetic information or any other categories protected by applicable law.

The job description is not intended to be a complete list of all responsibilities, duties or skills required for the job and is subject to review and change at any time, with or without notice, in accordance with the needs of ONEOK.

ONEOK is committed to making our workplace accessible to individuals with disabilities and will provide reasonable accommodations, upon request, for individuals to participate in the application and hiring process. To request an accommodation, email HRHub@magellanlp.com or call 918-574-7240 (8:00 am to 5:00 pm Central Time, Monday through Friday).

Qualifications

Education

Required

High School Grad or Equiv

Preferred

Bachelors

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)