Commodity analyst job description
Updated March 14, 2024
10 min read
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Example commodity analyst requirements on a job description
Commodity analyst requirements can be divided into technical requirements and required soft skills. The lists below show the most common requirements included in commodity analyst job postings.
Sample commodity analyst requirements
- Bachelor's degree in finance, economics, or related field
- Minimum of three years' experience in commodity markets
- Advanced knowledge of market trends and fundamentals
- Extensive experience in data analysis and financial modeling
- Proficient in the use of MS Office and other software programs
Sample required commodity analyst soft skills
- Strong communication and interpersonal skills
- Ability to think critically and solve complex problems
- Excellent organizational and time management skills
- High attention to detail and accuracy
- Ability to work independently and as part of a team
Commodity analyst job description example 1
B & P Enterprises commodity analyst job description
About the Role
The Commodity Analyst reports to the Development Category Manager and will office with our team in Denver, Colorado.
The successful candidate will hold the following accountabilities:
* Monitor daily activity for drilling and completions activity with the completions engineers to understand demand forecast for commodities (sand, chemicals, drilling fluids)
* Communicate and work with wellsite personnel to verify sand chemical deliveries are consistent and timely basis
* Communicate and work with sand and chemical vendors (transload, last mile logistics, warehouses, and mines) to establish delivery schedule and demand daily
* Communicate risks to transportation and logistics to management and anticipate supply disruptions proactively
* Reconcile documentation from commodity pickups at various facilities to commodity utilization on location and well allocation to field tickets on a weekly basis for invoicing accuracy
* Monitor local and global commodity indices to determine potential budget impacts both up and down
* Monitor macro-economic news to monitor for any global supply chain risks related to commodities
* Build should cost models for end chemicals based on feedstock, warehousing, and logistics costs
* Reconcile documentation from OCTG (casing) deliveries to invoices to well activity in OpenWells
* Work through other projects as assigned
Essential Education and Experience
* Bachelor's degree in Supply Chain, Finance, Economics, or equivalent Business degree or commiserate experience in lieu of a bachelor's degree
* Highly proficient or advanced skills in Microsoft Excel and Power BI (or other data visualization tool)
* Experience with SAP and OpenInvoice, preferred
* Minimum 3-year work experience
Desirable Experience
* Communicate and coordinate across a broad spectrum of technical and non-technical work groups
* Strong team-working skills and ability to effectively influence and build alignment with individuals and within multi-disciplinary teams
* Able to understand and analyze complex issues, in a fast-paced environment, identify alternatives and select an appropriate course of action to achieve desired outcome.
* Interpret and analyze data with the ability to draw out information and insights
* Interpret complex contracts and apply principles to ongoing activities
* Excellent communication (oral and written) skills. Communicates with clarity and integrity and understands the need for constant and consistent dialog and integration among different stakeholders.
Why join us
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 important, 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!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Salary Range - $88,992 - $144,818
The Commodity Analyst reports to the Development Category Manager and will office with our team in Denver, Colorado.
The successful candidate will hold the following accountabilities:
* Monitor daily activity for drilling and completions activity with the completions engineers to understand demand forecast for commodities (sand, chemicals, drilling fluids)
* Communicate and work with wellsite personnel to verify sand chemical deliveries are consistent and timely basis
* Communicate and work with sand and chemical vendors (transload, last mile logistics, warehouses, and mines) to establish delivery schedule and demand daily
* Communicate risks to transportation and logistics to management and anticipate supply disruptions proactively
* Reconcile documentation from commodity pickups at various facilities to commodity utilization on location and well allocation to field tickets on a weekly basis for invoicing accuracy
* Monitor local and global commodity indices to determine potential budget impacts both up and down
* Monitor macro-economic news to monitor for any global supply chain risks related to commodities
* Build should cost models for end chemicals based on feedstock, warehousing, and logistics costs
* Reconcile documentation from OCTG (casing) deliveries to invoices to well activity in OpenWells
* Work through other projects as assigned
Essential Education and Experience
* Bachelor's degree in Supply Chain, Finance, Economics, or equivalent Business degree or commiserate experience in lieu of a bachelor's degree
* Highly proficient or advanced skills in Microsoft Excel and Power BI (or other data visualization tool)
* Experience with SAP and OpenInvoice, preferred
* Minimum 3-year work experience
Desirable Experience
* Communicate and coordinate across a broad spectrum of technical and non-technical work groups
* Strong team-working skills and ability to effectively influence and build alignment with individuals and within multi-disciplinary teams
* Able to understand and analyze complex issues, in a fast-paced environment, identify alternatives and select an appropriate course of action to achieve desired outcome.
* Interpret and analyze data with the ability to draw out information and insights
* Interpret complex contracts and apply principles to ongoing activities
* Excellent communication (oral and written) skills. Communicates with clarity and integrity and understands the need for constant and consistent dialog and integration among different stakeholders.
Why join us
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 important, 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!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Salary Range - $88,992 - $144,818
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Commodity analyst job description example 2
Michael Page commodity analyst job description
USD69,000-USD70,000
Reporting directly into the US Finance Manager, who is also based remotely in the US, this role is an excellent role for someone with relevant experience. We are seeking an experienced and ambitious Industrial Commodities Analyst to join our proprietary Commodity Insights Team. Ideally, you will come from an established Price Reporting Agency (PRA), commodities news reporting agency, or large user of industrial commodities, and be experienced in working with price assessment methodologies, commodity specifications and IOSCO-compliant price reporting processes. You will need to be highly numerate with excellent analytical and communication skills and enjoy interaction with traders, producers and manufacturers in the industrial commodities value chain. The Industrial Market Commodity Analyst will be working closely with other members of the global Commodity Insight Team. Main duties and responsibilities include the following:
+ Increase the number of reports and price assessments published in the industrial commodity sector such as metals, energy, plastics, packaging and chemicals.
+ Build and grow the number of industry contacts in the industrial sector that submit pricing data and insights using all means of communication including face-to-face meetings and networking.
+ Develop in-depth knowledge of the fundamentals, supply chain and key participants for the industrial commodity markets.
+ Collect transactional market insights as well as pricing data that will be relevant to publishing reports, and news stories or assess in line with a robust methodology, price specifications and IOSCO-compliant principles.
+ Write regular pricing rationales, reports and analytical pieces.
+ Handle questions from contacts and the market about the dynamics of particular pricing, seeking guidance from your manager when inquiries are sensitive, to make our processes and judgement transparent to the market.
**Apply today for immediate consideration!**
_MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants._
In return for a competitive remuneration package, the successful candidate will possess the following:
+ Bachelor's degree
+ At least one year of experience working with industrial commodities such as metals, energy, chemicals, pulp & paper, or similar.
+ A strong understanding of what impacts physical commodity prices, with experience in fundamentals analysis and report-writing, as well as a knowledge of incoterms, trade flows and value chains.
+ A high standard of written work and ability to summarize complex topics for a broad audience.
+ Highly numerate with a keen eye for detail; very comfortable using MS Excel as well as performing various types of data analysis.
+ Knowledge of hedging and financial risk management of commodities.
+ Experience of working independently, with a self-starter attitude that is well-served in growing and maintaining a network of industry contacts for market knowledge and price collection.
My client is a global information, data and analytics business headquartered in Europe. They have a small hub in Boston, MA but this role can be based anywhere along the East Coast. The are working with Michael Page exclusively to fill this position.
+ Base salary of $ 70,000
+ Performance related annual bonus scheme (10%)
+ Competitive PTO
+ Excellent benefits
+ 100% REMOTE WORK
Reporting directly into the US Finance Manager, who is also based remotely in the US, this role is an excellent role for someone with relevant experience. We are seeking an experienced and ambitious Industrial Commodities Analyst to join our proprietary Commodity Insights Team. Ideally, you will come from an established Price Reporting Agency (PRA), commodities news reporting agency, or large user of industrial commodities, and be experienced in working with price assessment methodologies, commodity specifications and IOSCO-compliant price reporting processes. You will need to be highly numerate with excellent analytical and communication skills and enjoy interaction with traders, producers and manufacturers in the industrial commodities value chain. The Industrial Market Commodity Analyst will be working closely with other members of the global Commodity Insight Team. Main duties and responsibilities include the following:
+ Increase the number of reports and price assessments published in the industrial commodity sector such as metals, energy, plastics, packaging and chemicals.
+ Build and grow the number of industry contacts in the industrial sector that submit pricing data and insights using all means of communication including face-to-face meetings and networking.
+ Develop in-depth knowledge of the fundamentals, supply chain and key participants for the industrial commodity markets.
+ Collect transactional market insights as well as pricing data that will be relevant to publishing reports, and news stories or assess in line with a robust methodology, price specifications and IOSCO-compliant principles.
+ Write regular pricing rationales, reports and analytical pieces.
+ Handle questions from contacts and the market about the dynamics of particular pricing, seeking guidance from your manager when inquiries are sensitive, to make our processes and judgement transparent to the market.
**Apply today for immediate consideration!**
_MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants._
In return for a competitive remuneration package, the successful candidate will possess the following:
+ Bachelor's degree
+ At least one year of experience working with industrial commodities such as metals, energy, chemicals, pulp & paper, or similar.
+ A strong understanding of what impacts physical commodity prices, with experience in fundamentals analysis and report-writing, as well as a knowledge of incoterms, trade flows and value chains.
+ A high standard of written work and ability to summarize complex topics for a broad audience.
+ Highly numerate with a keen eye for detail; very comfortable using MS Excel as well as performing various types of data analysis.
+ Knowledge of hedging and financial risk management of commodities.
+ Experience of working independently, with a self-starter attitude that is well-served in growing and maintaining a network of industry contacts for market knowledge and price collection.
My client is a global information, data and analytics business headquartered in Europe. They have a small hub in Boston, MA but this role can be based anywhere along the East Coast. The are working with Michael Page exclusively to fill this position.
+ Base salary of $ 70,000
+ Performance related annual bonus scheme (10%)
+ Competitive PTO
+ Excellent benefits
+ 100% REMOTE WORK
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Commodity analyst job description example 3
Energy Transfer commodity analyst job description
Summary: The Commodities Analyst position will support the Market Fundamentals group within Energy Transfer. The analyst will model market supply and demand for Natural Gas, NGLs, and Crude data to derive insights and market trends. As a member of the Market Fundamentals Team, the Commodity Analyst will be working on combining fundamental energy market supply and demand data with asset level financial data to derive insights and market trends. The Analyst will have the responsibility for analysis and design of energy commodity models. To be successful in this role, the candidate will need the ability to recognize and extrapolate trends and understand dependencies throughout the supply chain. The Commodity Analyst will exhibit a strong understanding of crude oil, natural gas liquids, and natural gas markets and have aptitude toward tying commodity markets to asset level financial performance. They will be an innate problem solver, approaching data and insights with a relentless curiosity to drive deeper than market assumptions to problem solve for client needs. The ideal candidate will be a confident decision-maker who has the ability to exercise and demonstrate sound judgment on the depth of analysis needed.
Essential Duties and Responsibilities:
* Generate market fundamental research and data analysis for Crude, Natural Gas, NGL, Refined Products, and Power markets domestically and internationally
* Build and maintain detailed fundamental commodity supply and demand models for domestic and international markets
* Develop and expand analytics tools and processes while staying on top of market research and insights
* Model commodity data for specific markets and produce ad hoc analysis based on short-term market developments
* Evaluate and improve data quality
* Produce commodity and financial models, insights, and research reports for both cross functional team on a monthly, quarterly, and ad hoc basis
* Identify and own new and existing publicly available data sets, working with the Data Engineering Team to make into consumable reports and ensure quality assurance of raw data and models
* Serve as the primary point of contact and thought leader for all client questions regarding products and other points of interest, leveraging internal team knowledge in order to outline problems, opportunities, and solutions
* Present insights and models to multiple levels of client stakeholders via email, phone, and in person meetings
* Develop and evolve process and documentation
* Project manage new initiatives and product development features
Requirements:
Education and/or Experience, Knowledge, Skills & Abilities:
To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:
* Bachelor's degree in Finance, Business, Economics, Engineering, Technology, Programming, or Computer Science.
* 2 - 5 years of experience
* Experience in building and refining models, forecasts, and working with raw data sets
* Excellent and strong verbal and written communication skills
* Proven analytical skills and proficient computer applications knowledge in Excel, Databases, and BI tools (Power BI/Tableau), Python/R experience a plus.
* Proficient use with Microsoft Excel (advanced level) and PowerPoint, in addition to proficient with other Microsoft products, i.e. Word, Outlook, etc.
* Must have excellent organization, planning, prioritization and time management skills, and must be deadline oriented
* Must be an inquisitive, self-motivated, enthusiastic outside-of-the box problem-solver and able to work independently without close supervision while maintaining a high degree of personal accountability
* Proven analytic skills with the ability to collect, organize, analyze and disseminate significant amounts of information with attention to detail and accuracy
* Interest in energy commodity and financial markets
* Significant knowledge of the midstream supply chain
* Ability to manage multiple tasks and thrive in a fast-paced team environment
Preferred Qualifications:
* Prior experience in crude, NGL, or natural gas analysis is strongly preferred
Required experience is commensurate with the selected job level:
* The Specialist/Analyst level requires a Bachelor's degree and 2-5 years of relevant job related experience
* The Senior Specialist/Analyst level requires a Bachelor's degree and 5-8 years of relevant job related experience
* The Lead Specialist/Analyst level requires a Bachelor's degree and 8+ years of relevant job related experience
Working Conditions:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
* Usually, normal office working conditions.
* Must be able to remain in a stationary position 50% of the time due to prolonged periods of sitting or standing.
* Occasional overnight travel may be required.
* Occasional visits to industrial/manufacturing settings, which may include exposure to various materials and chemicals, as well as extreme temperature conditions and loud machinery, and require appropriate personal protective equipment.
Equal Opportunity Employer/Disability/Vet
DISCLAIMER: The above statements, which are subject to change, are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Essential Duties and Responsibilities:
* Generate market fundamental research and data analysis for Crude, Natural Gas, NGL, Refined Products, and Power markets domestically and internationally
* Build and maintain detailed fundamental commodity supply and demand models for domestic and international markets
* Develop and expand analytics tools and processes while staying on top of market research and insights
* Model commodity data for specific markets and produce ad hoc analysis based on short-term market developments
* Evaluate and improve data quality
* Produce commodity and financial models, insights, and research reports for both cross functional team on a monthly, quarterly, and ad hoc basis
* Identify and own new and existing publicly available data sets, working with the Data Engineering Team to make into consumable reports and ensure quality assurance of raw data and models
* Serve as the primary point of contact and thought leader for all client questions regarding products and other points of interest, leveraging internal team knowledge in order to outline problems, opportunities, and solutions
* Present insights and models to multiple levels of client stakeholders via email, phone, and in person meetings
* Develop and evolve process and documentation
* Project manage new initiatives and product development features
Requirements:
Education and/or Experience, Knowledge, Skills & Abilities:
To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:
* Bachelor's degree in Finance, Business, Economics, Engineering, Technology, Programming, or Computer Science.
* 2 - 5 years of experience
* Experience in building and refining models, forecasts, and working with raw data sets
* Excellent and strong verbal and written communication skills
* Proven analytical skills and proficient computer applications knowledge in Excel, Databases, and BI tools (Power BI/Tableau), Python/R experience a plus.
* Proficient use with Microsoft Excel (advanced level) and PowerPoint, in addition to proficient with other Microsoft products, i.e. Word, Outlook, etc.
* Must have excellent organization, planning, prioritization and time management skills, and must be deadline oriented
* Must be an inquisitive, self-motivated, enthusiastic outside-of-the box problem-solver and able to work independently without close supervision while maintaining a high degree of personal accountability
* Proven analytic skills with the ability to collect, organize, analyze and disseminate significant amounts of information with attention to detail and accuracy
* Interest in energy commodity and financial markets
* Significant knowledge of the midstream supply chain
* Ability to manage multiple tasks and thrive in a fast-paced team environment
Preferred Qualifications:
* Prior experience in crude, NGL, or natural gas analysis is strongly preferred
Required experience is commensurate with the selected job level:
* The Specialist/Analyst level requires a Bachelor's degree and 2-5 years of relevant job related experience
* The Senior Specialist/Analyst level requires a Bachelor's degree and 5-8 years of relevant job related experience
* The Lead Specialist/Analyst level requires a Bachelor's degree and 8+ years of relevant job related experience
Working Conditions:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
* Usually, normal office working conditions.
* Must be able to remain in a stationary position 50% of the time due to prolonged periods of sitting or standing.
* Occasional overnight travel may be required.
* Occasional visits to industrial/manufacturing settings, which may include exposure to various materials and chemicals, as well as extreme temperature conditions and loud machinery, and require appropriate personal protective equipment.
Equal Opportunity Employer/Disability/Vet
DISCLAIMER: The above statements, which are subject to change, are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
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Updated March 14, 2024
Updated March 14, 2024