Petroleum Supply and Trading Senior Manager

Wawa • Full-time • WAWA - Wawa, Inc. - Corporate Office • 4w ago

Job Description

Job Title: Petroleum Supply and Trading Senior Manager

Location: Corporate

Department: Retail Fuels

Job Summary: Responsible for supporting the execution of fuel supply strategies to satisfy the Company’s total requirements for fuel supply and economic trading including uninterrupted supply and competitive cost of gasoline, diesel, and ethanol. This includes managing purchases via truck, pipeline, barge and cargo; contract negotiation; relationships with suppliers; the required administrative processes, developing Petroleum Supply Department and Corporate personnel in requisite skills and management and execution of approved economic trade strategies. The position is responsible for the execution of a forward 3-5 year plan for both the supply and operations requirements to enable the Company’s long range plan growth. This also includes setting a strategic plan for fuel supply in new and existing markets to ensure continued improvement in the security and economic performance of the fuel supply network.

Principal Duties:

Serve as the primary Petroleum Trader for a geographic trading area which involves taking ultimate responsibility for all aspects of fuel supply in that region with a primary goal of supplying the retail system at a discount to the OPIS low price and meeting established profit targets in the long range plan. Supply would be sourced through bulk, term contracts and on a spot basis.

Develop and execute a 3-5 year forward supply plan across a specific geographic region anticipating changes to the supply demand balance within that market.

Develop and execute profitable speculative trading strategies as part of a yearly economic trading budget. Manage the risk associated with these strategies to an appropriate level to remain within the parameters set by the Wawa Risk Management Policy.

Manage the hedging program for a specific geographic market and as part of a team responsible for the overall hedging program for fuel supply. Ensure that trading stays within the appropriate limits set by the Risk Management Policy.

Establish and strengthen industry relationships and supplier networks.

Work closely with the Fuel supply leadership team to maximize short-term profit opportunity.

Responsible for fulfilling yearly EPA reporting requirements.

Manage and execute trade strategies to optimize various terminal positions. Negotiate with Midstream infrastructure providers for leases on assets necessary to support fuel supply including terminal positions, barges and pipeline allocation.

Manage and optimize spot and term rack purchase program.

Develop third-party gasoline and ethanol exchanges or sales across the portfolio to optimize terminal assets, bulk inventories and profit opportunities.

Essential Functions:

Clear communication with internal teams (risk, finance, operations) and external stakeholders
Ability to analyze information, understand implications, and effectively propose solutions
Highly developed consultative, facilitative and project management skills
Ability to handle confidential and sensitive information responsibly
Ability to effectively negotiate
Handle multiple priorities simultaneously
Ability to work in cross-functional, high-stakes environments
Ability to make fast, informed decisions under pressure
Ability to be on-call and accessible after-hours
Ability to interface effectively across job levels, functions and companies
Ability to perform under high-pressure conditions and adapt to rapidly changing markets

Basic Qualifications:

Bachelor’s degree in Finance, Accounting or related business field preferred, Master’s degree a plus
Proven experience in Petroleum supply and trading
Demonstrated success in managing high-value transactions under volatile market conditions
Demonstrated analytical, Excel, database, specialized applications and internet applications skills
Leadership experience preferred
Experience with hedging/trading strategies and risk modeling tools

Wawa will provide reasonable accommodation to complete an application upon request, consistent with applicable law. If you require an accommodation, please contact our Associate Service Center at [email protected].

Wawa, Inc. is an equal opportunity employer. Wawa maintains a work environment in which Associates are treated fairly and with respect and in which discrimination of any kind will not be tolerated. In accordance with federal, state and local laws, we recruit, hire, promote and evaluate all applicants and Associates without regard to race, color, religion, sex, age, national origin, ancestry, familial status, marital status, sexual orientation or preference, gender identity or expression, citizenship status, disability, veteran or military status, genetic information, domestic or sexual violence victim status or any other characteristic protected by applicable law. Unlawful discrimination will not be a factor in any employment decision.

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