Main Purpose:
Pipeline products operations and trader support. Co-ordinates all aspects of the post-deal trading activity to ensure contract execution runs smoothly. Provide commercial/market information to the trader as necessary.
Knowledge Skills and Abilities, Key Responsibilities:
- Able to interpret the operational requirements of each contract, can review and comment on operational aspects of same if requested. Understands the basic legal framework supporting oil pipeline contracts.
- Has a good understanding of common pipelines operations and terminology. Able to ensure satisfactory commercial operation of pipelines under minimal supervision.
- Preferably, experience in Colonial, Explorer, Buckeye, Laurel, Magellan and/or Teppco pipelines.
- Basic understanding of relevant petroleum product specifications.
- Good understanding of the different types of financial instruments, their uses and its importance.
- Experience of scheduling terminals, rack and/or USWC advantageous
Key Responsibilities:
- Execute daily operational activities.
- Schedule movements via pipelines distribution channels through use of propriety and third party scheduling systems. Ensure relevant data is captured accurately and recorded timely.
- Ensure batches, book-outs, purchase, sale, line space deals and exchange contracts are fulfilled according to contract terms.
- Monitor, reconcile, and validate gains/losses/tariffs across each pipeline cycle and ensure proper settlement procedures are followed.
- Confirm accurate inventory positions each month for all gasoline/distillate grades and properly model volumes in the system of record.
- Liaise/coordinate with Trade Finance, providing them with accurate and timely data needed for issuing of L/C’s, P/Us, pre-payments, etc.
- Validate and report each cycle’s positions to the trader on a daily basis.
- Provide support to the Settlements team to ensure timely invoicing / payment and monitor accounts receivables where applicable.
- Coordinate and communicate with terminals personnel to implement product off lines/delivery plans, sampling and testing of receiving tanks if required.
- Ensure that in-house inventory and scheduling system is updated regularly and at all times reflects the latest information available / exceptions are kept to a minimum
- Monitor and advise deals desk of all costs related with each transaction (P&L awareness)
- Establish and/or maintain good working relationships with contractual operations counterparts / third party service providers on a regular basis.
- Training of less experienced members of the operations team to develop and increase knowledge / commercial awareness.
- Identify and escalate operational issues to Manager seeking guidance as appropriate.
- Experience in scheduling pipeline to supply truck racks throughout the US, coordinating throughput, inventory and pricing preferable.
Specifics for Colonial Pipeline:
- Schedule origin and destination BBLs on Colonial Pipeline for A/D/M/V/F/H gasoline to present grades, as well as 54/62/67/77 distillate grades
- Knowledge and experience in use of Transport 4
- Experience in the NYMEX futures obligations preferable.
Key Relationships and Department Overview:
This role reports to the Pipeline Operations Team Lead.