This position is integral in ensuring effective and relevant Middle Office and Commercial and Marketing contract compliance environments. The Senior Contract Administrator drives continuous improvement of trading contract maintenance and monitoring activities and works to execute and improve the Middle Office function while engaging and collaborating with others across the Commercial and Marketing business processes. Specifically, the Sr. Contract Administrator will perform daily, monthly, and quarterly tasks associated with ensuring proper contract administration and reporting and trading compliance. A successful individual will lead development and implementation of contract management and trading compliance processes and enhancements -- inclusive of leveraging available technology to do so. As the role will require coordination with multiple departments and various levels of personnel, effective communication skills, ability to adapt to different audiences -- including senior management -- and the ability to work well within a team environment are critical. Attention to detail, analytical and critical thinking skills, objectivity in performing compliance tasks, strong organizational skills, and ability to work independently and meet defined deadlines are also required of the Senior Contract Administrator. Flexibility and adaptability in a changing environment are required. This role is part of the broader Projects & Controls team, which includes internal controls and project management.
Minimum of 5 years of experience in risk management, compliance or audit function.
Experience with trading processes, risk management, and / or petroleum accounting preferred.
Energy industry background preferred. Refining industry desirable.
Appreciation of SOX 404 compliance efforts and trading processes.
Proficient in Microsoft Word, Office, Excel, and PowerPoint.
Experience with Power BI, Microsoft Visio, SharePoint, and RightAngle preferred.
Fluent in English, both oral and written required.
Ability to adjust work schedule to meet business needs.
Serve as subject matter expert and custodian for Commercial and Marketing contract management and documentation
Perform activities aligned with expectations and policies related to contract management and document retention
Develop and implement process for ensuring all contracts and confirmations are properly included and organized in the approved contract repository, including catching up those that are currently in the backlog
Develop and implement process for reconciling contract terms to those entered into the system(s) of record
Validate that contracts are in place to support all deals, and, where appropriate, are attached to the deal in the system(s) of record
Drive efforts across the organization to update or obtain contracts for those counterparties we do not have current contracts on record with
Support Trade Consent tracking through ensuring proper retention and inclusion in contract repository
Prepare, assess, and report on monthly consultant expenditures in the CFO organization, including ensuring current and complete contract documentation is in place for all
Support development of end-to-end Middle Office process flow documentation
Serve as backup for Middle Office Reporting Analyst, primarily performing tasks associated with assessing delegation of authority, counterparty confirmation matching, position monitoring, and deal propriety
Drive continuous improvement within Middle Office processes; provide best practices and leadership on performing related controls, focusing on preventive, automated, managed controls; knowledge-share within the organization
Support Middle Office compliance with the Risk Management Policy and Derivatives Policy and preparation of quarterly Risk Committee materials, as needed
Perform other relevant compliance and risk management projects as requested by the CFO, CAO, VP of Financial Planning and Analytics, or Director of Projects & Controls
Regularly communicate and collaborate with Supervisor related to project and process status, concerns and / or questions
Contract management activities performed and documented efficiently and completely, ensuring compliance, investigating and resolving exceptions, and escalating issues or concerns
New processes or enhancements developed and implemented where appropriate, such that Middle Office is fully effective in supporting, monitoring, and reporting on contract management and compliance
Collaborative and effective working relationships across the Commercial and Marketing business process
Effectively manages all aspects of Commercial and Marketing contract management environment to minimize risk and adopt best practices
Adherence to all Company policies and procedures
Timeliness and accuracy on all work products
Applicants must be eligible to work in the United States. The Company will not sponsor immigration or work visas.
CVR Energy is an EEO and affirmative action employer. We encourage qualified minority, female, veteran and disabled candidates to apply.