Trader/Scheduler

The Fikes Companies is now hiring a Commodity Trader/Scheduler to join their team in Temple, Texas!
The Commodity Trader/Scheduler is responsible for the Company’s hedging functions and midstream inventory. This person will be responsible for:

• Executing various petroleum related commodity trades that mitigate price risk and lock in profitable margins for FIKES Terminal Supply.
• Adhering to the Company's risk policy while balancing physical inventory to hedged positions.
• Bulk sales and must be able to forecast and sell length, communicate and negotiate with buyers, and calculate mark-to-market positions and bulk trade profit/loss.

This role is responsible for procuring and managing physical inventories of all fuel supply, ethanol, bio, and additives at the termina we operate and thruput at. This person will execute through predefined processes to procure, transport, and manage bulk fuel and additives. Bulk fuel is delivered to our proprietary terminal in Waco via the Explorer pipeline. The company has bulk supply at third party terminal and uses other pipelines such as the Magellan, Colonial, and Plantation to supply fuel. This position is responsible to ensure all terminals were FTS holds positions in are supplied.
At The Fikes Companies, our Mission is to build a highly successful company which our employees are proud of, our customers value, and the communities we serve can count on.
General Responsibilities:
Trading:

• Balances physical positions to hedged positions daily.
• Executes and records daily commodity trades.
• Calculates profit/loss for each terminal daily.
• Maintains relationships with brokers.
• Expands risk management initiatives for refined fuels products.
• Proposes and facilitates trading plans that capitalize on market and pricing trends.
• Assesses price risk by building models/studies based on fundamental and technical analysis.
• Recognizes supply disruptions and proposes trades to mitigate hedge and physical risks.
• Participates in setting strategic plan for supply.
• Monitors short-term news flow relevant to commodities and major price movements across markets.

Scheduling:

• Forecasts, procures, and schedules bulk purchases to maintain optimal inventory levels.
• Identifies and executes buying strategies to reduce cost-of-goods.
• Manages transport logistics utilizing pipeline nominations, truck & other forms of shipping.
• Audits supplier & transport invoices in accordance with departmental processes.
• Publishes scheduled reports covering all physical positions held.
• Identifies growth opportunities to expand midstream activities and present to the Director.

Qualifications:

• BS degree in Finance, Business, or other related discipline.
• 2+ years total experience in energy industry, specifically fuel distribution, fuel pricing, and fuel transportation, with some prior trading experience in domestic physical petroleum products market(s).
• Proficiency with index pricing (OPIS, PLATTS, ARGUS), spot pricing, US cash market, US inventories, and basis/basis impact.
• Possess working knowledge of pipeline logistics
• Strong understanding of math, probability, and statistics.
• Proven negotiation skills.
• Must have strong work ethic and be able to learn quickly in a fast paced, high-pressure environment.
• Detail oriented, organized, diligent.
• Maintain composure and communicate clearly when under pressure.
• Advanced MS Office Suite – including Excel.

The Fikes Companies is an Equal Opportunity Employer.
By applying to this position, you agree to be contacted via email, phone, or text message. You may opt out at any time.