This position provides various analytical support to the Commodities department that executes all physical trading and risk hedging transactions for Magellan strategies that involve commodity exposure.
The primary responsibility of this role is scheduling and inventory management for crude activity which includes: Managing inventory, nominations, and other scheduling requirements for MAS Commodities business strategy activities with multiple counterparties across various internal and external assets for both crude and refined products. Initiating, scheduling, reviewing and monitoring daily inventory/nominations to actualize against deals executed by MAS Commodities. Tracking transactions related to minimum inventory requirements, tender deductions, and buy/sell deal balances, etc to provide accurate position information for commodity risk management on a daily basis. Mining data and preparing spreadsheets to analyze and reconcile data. Investigating and resolving matters of significance on behalf of management by solving problems related to scheduling, nominations, and reconciliations. Collaborating with Accounting to correct volumes, inventory positions, and other monthly system close related activities.
Additional responsibilities include contract management for physical commodities trades; tracking, analysis and reporting of transactional gross margins; and providing administrative and analytics back up to other Commodities team members as needed.
Systems and software primarily utilized in this role include Cobalt, Atlas, Right Angle, Excel, and Qlik Sense. Familiarity with crude oil and refined products published pricing sources such as Platts, Argus, and OPIS is a plus. Strong written and verbal communication skills are required.
Bachelor’s degree in Business, Accounting, or related field preferred and 3 years of relevant job experience preferred.
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.
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.
Magellan Midstream Holdings GP, LLC. is an Equal Opportunity Employer and we do not discriminate against applicants due to race, ethnicity, gender, age, religion, national origin, veteran status, sexual orientation, gender identity, sex or on the basis of disability. All qualified applicants will receive consideration for employment.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil based in Tulsa, Okla. Formerly a part of Williams Companies, Magellan began trading as Williams Energy Partners in February 2001. In September 2003, we changed our name to Magellan Midstream Partners and began trading under the stock ticker MMP.
In 2004, Magellan purchased significant assets from Shell, including more than 3,000 miles of refined product pipelines as well as terminals and storage capacity. In 2007, another acquisition expanded Magellan’s footprint with increased capabilities in Texas. In 2009, we bought the Longhorn Pipeline running from Houston to El Paso. The reversal of this line has played a key part in Magellan’s growth the last few years. In 2010, Magellan purchased another 100 miles of pipeline and 7.8 million barrels of storage from BP. In 2013, Magellan acquired approximately 800 miles of refined petroleum products pipeline, four terminals and 1.7 million barrels of storage from Plains All American Pipeline. This purchase added assets in Colorado, New Mexico, South Dakota and Wyoming.
Today, Mage...llan has a 9,800-mile refined products pipeline system with 54 connected terminals as well as 25 independent terminals not connected to our pipeline system and two marine storage terminals (one of which is owned through a joint venture). In addition, we own approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of about 37 million barrels, of which 25 million are used for contract storage. Approximately 1,000 miles of these pipelines, the condensate splitter and 30 million barrels of this storage capacity (including 22 million barrels used for contract storage) are wholly-owned, and the remainder is owned through joint ventures.
The foundation of our business strategy is safe and efficient operations combined with superior customer service. Upon that foundation, we strive to increase cash distributions to our unitholders through internally-generated growth projects which expand the profitability of our existing asset base and through acquisitions of energy infrastructure assets possessing a reasonable risk/reward profile.