Operations & Market Analyst

Company:

INEOS Olefins & Polymers USA

Interested in joining a winning team? A team whose employees are empowered to make a difference?

Grade: 33 / 34 commensurate with experience

Offer Range: $79,134 - $115,075

Organizational context and job purpose

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. Its production network spans 194 manufacturing facilities in 29 countries throughout the world. INEOS is one of the world's largest chemicals company with $65b of sales per annum and 26,000 employees worldwide. INEOS Olefins and Polymers (O&P) USA is one of the largest subsidiaries within the INEOS group of companies and is headquartered in League City, TX.

INEOS has implemented a market leading strategy to capture advantaged US NGL feedstock into its European facilities in Norway, Scotland and Germany through infrastructure investment and commitment to long term supply, terminal and shipping agreements. In 2026 INEOS will expand this strategy when it commences operation of its new world scale ethane cracker in Antwerp, Belgium. In order to supply this growing demand, INEOS has made significant investments into one of the largest dedicated ethane shipping fleets in the world. It is also an anchor shipper on two US export facilities, which have been operating since 2016. This strategy has been developed and executed through the INEOS Trading and Shipping (ITS) team.

How the Role Fits In:

The Operations & Market Analyst role is a key part of the ITS US feedstock procurement and trading function and is responsible for performing a variety of activities to support feedstock market analysis, logistics and trading. The Operations & Market Analyst works with the INEOS Trading and Shipping Team while ensuring alignment with the US feedstock supply team.

The Main Purpose of the Role:

The Operations & Market Analyst reports to the Commercial Manager for NGL Exports and is responsible for providing fundamental market analysis and trade execution support to the NGL Export Team, as well as to the wider ITS Trading and Analysis functions in London. The Operations & Market Analyst is responsible for developing detailed market analysis in natural gas, natural gas liquids, refined products and crude oil to support the Trading and Business Development teams (including Board members) with both day to day and long-term strategic decision making. In addition to fundamental analysis, the Operations & Market Analyst is responsible for assisting the NGL Product and Market Managers in executing daily activities such as nominations, inventory and shipping planning, export documentation and commodity transaction execution. This requires quick decisive thinking and influencing skills in a fast-paced market environment to achieve optimal results. The Operations & Market Analyst role is used as a development position for high potential individuals identified for potential future advancement into Product Management, Market Management and Trading functions.

Responsibilities and Accountabilities

Accountability 1: Provide Fundamental Market Analysis

The primary accountability for the Operations & Market Analyst is to provide timely and accurate fundamental analysis of complex market and trading situations that can be used for decision making by senior traders and executive management to improve profitability of the business. The analysis and recommendations presented by the Operations & Market Analyst has a direct impact on commercial decisions and business performance. The analyst will have direct input into trading decisions and strategies.

• Development and maintenance of analytical models used for decision making around commodity trading strategies

• Acquisition of data and market intelligence that can be used by traders to support trading activities. This requires strong interpersonal skills and the ability to influence or persuade market participants to share market information

• Presentation of financial analysis results to senior traders and executive management

• Close collaboration with Analysts and Traders based in ITS London, UK Office

Accountability 2: Provide Support for Daily Activities of NGL Export Team

• Develop and update Northeast US Supplier database that continuously tracks producer NGL supply activities and volumes available by producing location

• Assist US face-to-market daily activities for logistics, operations, and nomination processes with suppliers, pipelines, and terminal operators

• Assist US face-to-market daily acitivies related to maritime shipping, including communication with ship owners, marine terminals, inspectors/surveyors, and agents for ethane, ethylene, propane and butane

• Assist Export Team with developing monthly US shipping and logistics plans with INEOS Trading and Shipping

• Assisst Export Team with communicating updates to appropriate scheduling, operations, and commercial groups in O&P USA and ITS.

• Assist Export Team with tracking movements and inventory balances to verify compliance with nominations

• Assist Export Team with monitoring and reporting on volumes transported, product imbalances/losses, and volume deficiencies

• Assist Export Team with ensuring supplier, pipeline and terminal accounts are reconciled and paid on time

• Assist Export Team with managing intra-month changes to the supply plan in response to disruptions (unplanned outages, shipping delays, etc)

• Assist Export Team with managing export compliance requirements, providing relevant information on commodity export, USPPI allocations and document instructions to freight forwarder

• Meet with logistics and supply counterparts on a periodic basis

• Meet with third party analysts for information sharing

• Assist with negotiating amendments and additional supply and service agreements as necessary

• Understand and be able to update risk management systems and spreadsheet models used by the Finance Group to report daily profit/loss, positions and value-at-risk. Identify potential issues and errors in position reports and engage appropriate team members to resolve accordingly.

• Assist Export Team with integrating new suppliers and midstream counterparties into existing Logistics and Operations activities

• Participate in regular strategic meetings between US team and ITS to ensure that US operations are aligned with Rafnes, Grangemouth, Zwijndrecht, and 3rd party needs; identify opportunities for value added optimization

• Provide back-up coverage for the NGL Product Manager

• Flexible schedule ideal due to time differences with European counterparts

Accountability 3: Product Quality Management

• Support NGL Product Manager with Quality Management activities

Accountability 4: Project Implementation

• Support project implementation activities at additional ethane export terminals in coordination with the ITS and O&P USA management teams during start-up and expansion phases of these potential projects

Skills & Knowledge Required

Education/Experience

• Degree in engineering, science or business required

• Understanding of fundamental economic models

• Understanding and experience with the Petrochemical and NGL industries

• Maritime operations and logistics and LPG quality testing practices a plus

Skills/Competencies

• Excellent communication skills are critical along with the ability to work closely in a high performing team environment

• Candidate should be highly motivated; detail oriented and possess good planning and organizational skills

• Strong analytical skills

• Good interpersonal and influencing skills are beneficial

• Fluency with complex excel spreadsheets

• Prior experience with risk management concepts or in developing fundamental market analysis or building fundamental economic models is not necessarily expected. However, need strong aptitude for and willingness to develop economic analysis skills

• Motivated learner who can identify and quickly develop the skills required

Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance. On our team, people are acknowledged for embracing new practices that help create real value for customers.