About this role
Primary Purpose of job: This position is responsible for trading assigned regions as required. Improve cost of product delivered to stores by managing the basis risk associated with purchasing and hedging pipeline product for exchange and thruput agreements. Evaluate mid and long-term market price relationships to improve the department’s ability to take advantage of market opportunities. Trade markets on speculative basis to generate profit.
Major functions for this position:
Lead the assigned market(s) supply groups. Assist and consult as required for other regional supply groupsMonitor statute of limitations on all open audits and keep up with extension requests.
- Develop, recommend, and implement supply portfolios for each assigned market(s).
- Lead daily supply decisions to optimize rack supply versus bulk supply.
- Ensure that each market has adequate supply of product.
Direct the bulk purchasing activities for all markets (gasoline and diesel fuel).
- Negotiate spot pipeline purchases.
- Manage price and basis positions.
- Participate in negotiation of all term pipeline contracts.
Manage the bulk purchasing activities for assigned market(s):
- Negotiate spot pipeline purchases;
- Manage price and basis positions;
- Manage daily basis positions; and
- Assist in managing basis positions in assigned market(s).
Generate and execute speculative trade positions. Manage these positions daily according to each strategy’s parameters and QuikTrip guidelines.
Participate in daily strategic supply meetings with responsibility for reporting market and basis trends as well as discussing trading positions and opportunities.
- Assist and advise with rack purchasing activities for assigned market(s). Help and participate as required for other regions.
- Develop exchange and inventory balance strategies to optimize market opportunities.
Independently identify trading and supply opportunities by analyzing historical relationships.
Position in Organization:
- Reports to: Vice President of Petroleum Supply & Trading
- Directly supervises: N/A
- Indirectly supervises: N/A
Relationships:
- Inside the Company: Petroleum department personnel.
- Outside the Company: Software Vendors, NYMEX Brokers, Cash Market Brokers, Industry Contacts.
Position Specifications: The required specifications (education, experience, and skills) are those that the employee must have to hold the position. Applicants applying for this position must possess the required specifications in order to be considered for the job. The desired specifications are those that are not required for the employee to hold the position, but the employee should try to obtain the desired education, experience, and/or skills to be effective and successful in the position.
- Required education: College degree in Information Systems, Accounting, Math or Finance.
- Desired education: Same.
- Required experience: 5 years in analytical/industry position or equivalent experience.
- Desired experience: Commodity trading, petroleum industry analytical work.
- Required skills: Excellent customer service, oral and written communication, analytical and organizational skills. Ability to make independent decisions when required. Computer skills fluent enough to generate models from Excel, interact with industry personnel over the Internet, and generate reports from Word and other specialized software programs. Curiosity and willingness to engage with emerging technologies like AI for market modeling and analysis.
Starting Salary Range: Compensation commensurate with experience
Benefits: Employee Benefits – QuikTrip
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Other facts
About QuikTrip Corporation
QuikTrip Corporation is a privately held company headquartered in Tulsa, Oklahoma. Founded in 1958, QuikTrip has grown to a more than $11 billion company with 800+ stores in eleven states. Those revenues place QuikTrip #29 on the Forbes listing of largest privately held companies. QuikTrip’s strategy is to be the dominant convenience/gasoline retailer in each market and to reach that level not through sheer numbers of stores, but through key, high-volume locations. With over 21,000 employees, QuikTrip's purpose is to provide employees opportunity to grow and succeed. QuikTrip also gives back to the communities it serves, donating 5% of net profits to charitable organizations.
Everyone in the QT family possesses a certain intangible quality. Of course, they possess the many other qualities we expect in our employees, like dependability and work ethic, but they have something else, too. It’s the QT culture, and it’s what attracts everyone who works with us. Our employees are the reason people love the QT experience. Our store teams and corporate employees work hard, have fun, and genuinely love providing great service. In return, we give them great pay, great benefits, and all the fountain drinks they can consume!
What you'll do
- The Petroleum Products Trader is responsible for trading in assigned regions, managing basis risk, and optimizing supply decisions. The role includes negotiating purchases, managing trading positions, and participating in strategic supply meetings.
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