Trade Analyst

As a Trade Analyst at Eco-Energy, your primary responsibilities include verifying trader deals through the Energy Trading Risk Management (ETRM) system, analyzing business activities, ensuring proper documentation, and maintaining accuracy in contracts entered into Allegro. You'll also communicate regularly with traders and gas schedulers about various operational changes, assist with daily profit and loss reports, and help develop and train staff in your area of expertise.

To become a Trade Analyst at Eco-Energy, you should hold a Bachelor’s degree. While direct natural gas experience is a plus, strong analytical and mathematical skills combined with proficiency in Microsoft Office and ETRM systems are essential. Customer relations skills, professionalism, and effective time management abilities will also significantly enhance your candidacy.

As a Trade Analyst at Eco-Energy, you'll primarily work with Allegro for contract management and ETRM functionalities. Proficiency in Microsoft products is also required, as many reports and analyses will be conducted using these familiar applications. Understanding the integration of these systems will greatly aid in your role.

In addition to technical skills, a successful Trade Analyst at Eco-Energy should possess strong customer service skills, diplomacy, and negotiation aptitude. Effective communication and presentation abilities are critical as you collaborate with various departments and stakeholders, reflecting professionalism in all interactions.

While prior experience in the natural gas sector is not strictly necessary to apply for the Trade Analyst position at Eco-Energy, it is certainly advantageous. Candidates with relevant experience may find it easier to adapt to the specific challenges and nuances of trading and managing natural gas operations.

To verify trader deals in an ETRM system, one must first gather all supporting documentation related to the trade. Check for consistency and accuracy in the entered details against live data feeds or records from trading activities, analyzing any discrepancies to ensure compliance with regulations.

Accurate documentation in trading is crucial as it provides a clear audit trail, helps in regulatory compliance, and mitigates risks associated with trading disputes. As a Trade Analyst, you'll emphasize correct documentation to ensure transparency, accuracy, and legal safety in all transactions.

When managing contracts, best practices involve meticulous entry and maintenance within the ETRM system, ensuring all terms are clearly noted, and regular audits are conducted. This minimizes errors and enhances the accuracy of data used for trading decisions.

To communicate changes in rates and fuel prices, I would use clear and timely emails, updates in team meetings, and documentation in shared systems. It's important to ensure that all team members understand the implications of these changes on trading strategies and operations.

Data analysis is central to the Trade Analyst role, as it informs decisions on trade execution, risk assessment, and profitability evaluations. By analyzing trading data and market trends, I can provide insights that help optimize trading strategies and enhance operational efficiency.

When discrepancies in trading data arise, I systematically review the documentation and corresponding records. I investigate the source of the error and collaborate with relevant stakeholders to rectify the issue, ensuring such discrepancies are minimized in the future through enhanced processes.

My experience with training staff involves creating structured onboarding programs and workshops that focus on essential trading practices, the use of the ETRM system, and compliance regulations. I believe in hands-on training and encouraging questions to build a knowledgeable team capable of supporting our objectives.

Preparing for an upcoming trading day requires a thorough review of market trends, identified trading opportunities, and scheduled communications with team members. I'd ensure all necessary documentation is updated and accurate, and I'd be ready to discuss the day's strategies in team huddles.

I typically use ETRM software like Allegro for transaction management and analysis. Additionally, Microsoft Excel is a go-to for detailed data analysis, financial modeling, and creating reports that summarize trading activities.

In my previous role, I successfully negotiated better transportation rates by preparing a detailed analysis of market conditions and demonstrating how these changes would benefit both parties. Clear communication and building a rapport were key in reaching a win-win agreement.