Castleton Commodities International (www.cci.com) is hiring a P&L Analyst in our Houston, TX office. This is a Risk Control function within the Global Merchant Operations organization responsible for the timely and accurate reporting of the Profit and Loss (P&L), monitoring of trading positions, monitoring/analyzing market price indicators, and performing daily controls. The successful candidate will have exposure to North American Natural Gas and Power markets and work closely with traders, schedulers, risk, confirmations, settlements, and product control. The role entails critical trader support and interaction and as such, the relevant candidate must have a strong customer-centric nature. The ideal candidate must possess a strong work ethic, willingness and ability to get the job done and be able to demonstrate expertise with the following concepts: physical and/or financial commodity transaction life cycle execution, including trading, position Mark-to-Market & P&L management confirmations, master agreements, credit exposure and margin management, scheduling, settlements, invoicing, and accounting.
Responsibilities:
- Performing the daily reconciliation of complex trading strategies for various commodities: identifying and reconciling differences while adhering to strict daily deadlines.
- Responding to inquiries from management and trading personnel related to causes of discrepancies between actual PNL and trader estimates.
- Collaborating with other operations personnel to resolve issues that may affect the daily P&L.
- Perform special projects as assigned which in many cases will include preparation of ad hoc position and P&L reports and analysis as required by the commercial team.
- Validating trader marks against third party sources such as ICE, CME, TOTEM, Platts, & Argus
- Analyzing drivers of the daily P&L estimates and responding to inquiries from commercial teams or management on discrepancies between trader estimates and official P&L reports.
- Providing guidance to the traders and other functions of the company (including schedulers, product control and so on) in modeling and booking transactions in the ETRMs.
- Managing ad-hoc projects such as positions reports, P&L reports, and analysis as required.
Qualifications:
- Commodity (Energy preferred) market experience, especially knowledge of Power and Natural Gas. Experience with the following ISOs also: NYISO, NE ISO, PJM, ERCOT
- Bachelor's degree in Finance, Economics, Accounting, Computer Science or a related field of study.
- Understanding of Options and Storage Valuation.
- Strong technical skills in Excel, VBA, SQL, and Python are preferred.
- Systems experience with Triple Point (CXL / Tempest) is preferred.
- Strong interpersonal and communication skills
- Superb analytical and problem-solving skills, ability to work in an energetic and dynamic environment.
- Track record of taking ownership of issues and being accountable for on-time, on-scope delivery.
Employee Programs & Benefits:
CCI offers competitive benefits and programs to support our employees, their families and local communities. These include:
- Competitive comprehensive medical, dental, retirement and life insurance benefits
- Employee assistance & wellness programs
- Parental and family leave policies
- CCI in the Community: Each office has a Charity Committee and as a part of this program employees are allocated 2 days annually to volunteer at the selected charities.
- Charitable contribution match program
- Tuition assistance & reimbursement
- Quarterly Innovation & Collaboration Awards
- Employee discount program, including access to fitness facilities
- Competitive paid time off
- Continued learning opportunities
Visit https://www.cci.com/careers/life-at-cci/# to learn more!
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What We Do
Castleton Commodities International is an independent global energy commodity merchant and infrastructure asset investor. As a trader, CCI deploys capital on a proprietary basis in the physical and financial commodity markets, providing the Company with market insights and access. As a strategic investor and developer, CCI leverages its market expertise, operations capabilities, and industry knowledge to invest in, and develop, select commodity infrastructure assets.
