Crude & Feedstock Optimization Senior Manager - Midwest
Job Description
Entity:
Supply, Trading & Shipping
Job Family Group:
Job Description:
About us
Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, fueled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy company!
About the role
Leads the team responsible for the short and mid-term crude and feedstock supply optimization for the BP Whiting (450 KBD) refinery. Works jointly with the Refinery Optimization & Performance Manager to develop refinery operating plans optimized to maximize gross margin delivery. This requires understanding of the complex choices and trade-offs in GM, RCOP, and working capital between multiple crude and feedstock supply sources.
Accountabilities
- Lead the refinery processes for optimizing selection of 450+ KBD of crude and feedstock (~$13B pa at $80/bbl) and product slate manufacture choice to increase asset gross margin within the context of maximizing bp value
- Provide input to help the refineries balance operating risk (cost, availability/reliability) with commercial opportunity
- Lead the trading interface relationship to ensure traders provide appropriate input to refinery operating strategy and that midstream provides appropriate input to the relevant trading bench strategy and positions
- Oversee accurate and timely option valuations (crude pecking orders) ensuring that these reflect all market options and the full flexibility to operate within defined operating envelopes
- Develop and implement supply and trading strategies with cover from the refinery to maximize refinery gross margin
- Manages ~15 MB inventory position to minimize working capital requirements while meeting supply needs, following Group financial guidelines, and optimizing cash flow
- Foster and leverage a strong relationship with the Whiting refinery ROPM to ensure that optimization occurs within defined envelopes, that opportunities to expand refining or logistic capabilities are explored and the potential value effectively communicated and to ensure that resourcing of new opportunities (crude approvals, capex, commitments, etc.) are prioritized appropriately
- Leads team of Supply Coordinators and Asset Economists based in the Chicago 30 S Wacker office
Requirements
- Bachelor's degree in engineering or related technical field required
- Minimum of 10 years industry experience including 5 years in refining, supply, optimization, or trading
- Successful track record in complex business teams, including demonstrated track record of delivering improved margin and increased business profitability through the value chain
- Experience with Refinery Optimization and Refinery Operations
- Analysis and modeling skills
- Digital savvy, emotionally connected leadership and results oriented
How much do we pay (Base)? ($167,000 - $ 238,000) *Note that the pay range listed for this position is a genuinely expected and reasonable estimate of the range of possible base compensation at the time of posting.
This position is eligible for US Benefits – Core. This position offers paid vacation depending on your years of relevant industry experience and will range from 120 – 240 hours of vacation per year for full time employees (60 - 240 hours of vacation per year for part time employees). You will also be eligible for 9 paid holidays per year and 2 personal choice holidays. You may learn more about how we calculate paid vacation and view our generous vacation and holiday schedules at Core U.S. Benefits. Bp has a parental leave policy as well, which offers up to 8 weeks’ paid leave for the birth or adoption of a child. Learn more by visiting Core U.S. Benefits.
We offer a reward package to enable your work to fit with your life. These offerings include a discretionary annual bonus program, long-term incentive program, and generous retirement benefits that include a 401k matching program. These benefits include a pension for eligible employee. You may learn more about our generous benefits at Core U.S. Benefits.
As part of bp’s wellbeing package, bp offers access to health, vision, and dental insurance, as well as life and Short-Term Disability and Long-Term Disability. You may learn more about our generous benefits at Core U.S. Benefits.
Why join BP
At BP, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly.
There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others.
Travel Requirement
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Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.