What are the responsibilities and job description for the Middle Officer - Power position at Gunvor Group?
Job Title:
Middle Officer - Power
Contract Type:
Permanent
Time Type:
Full time
Job Description:
Summary Of Company
Gunvor is one of the largest independent energy trading companies in the world operating in over 100 countries, with its main trading offices in Geneva, Singapore, London, Dubai, Shanghai and Houston. Gunvor Group Ltd, the group holding company, is based in Nicosia, Cyprus. As one of the world's major independent commodity trading companies, Gunvor is a market leader in the trade, transport, storage and optimization of oil and other energy products.
Key Responsibilities
Our people make all the difference in our success.
Middle Officer - Power
Contract Type:
Permanent
Time Type:
Full time
Job Description:
Summary Of Company
Gunvor is one of the largest independent energy trading companies in the world operating in over 100 countries, with its main trading offices in Geneva, Singapore, London, Dubai, Shanghai and Houston. Gunvor Group Ltd, the group holding company, is based in Nicosia, Cyprus. As one of the world's major independent commodity trading companies, Gunvor is a market leader in the trade, transport, storage and optimization of oil and other energy products.
Key Responsibilities
- Oversee daily trading positions, Profit & Loss (PnL), Ad-Hoc business requests, etc.
- Coordinate daily reconciliation of pricing exposure and PnL between Power traders, Operations (Ops), and back office
- Swiftly confirm positional accuracy and PnL; prepare detailed daily reports for senior leadership
- Review and ensure reliability of data and cost information in the in-house Energy Trading & Risk Management (ETRM) system
- Develop, implement, and monitor forward-curve models within ETRM; ensure seamless front-to-back integration and adherence to market values
- Continuously check the accuracy and consistency of power forward curves against actual market prices
- Improve daily processes including market data validation, trade completion, and regulatory reporting specific to the power desk
- Manage and verify power-related intercompany transactions across geographic desks/offices
- Validate futures trades in ETRM against clearinghouse and exchange data to ensure accuracy
- Maintain daily coordination with Operations (e.g., planning) and back-office teams to support power trade execution and settlement
- Oversee mark-to-market valuation of physical power trades recorded in ETRM; allocate hedges in line with defined strategies
- Reconcile cost inputs in ETRM with Ops’ records and external invoicing providers
- Oversee the reconciliation of month-end results with accounting; manage the translation of trading outcomes into financial statements
- Serve as backup for other energy desks’ Middle Officer duties as operationally required
- Work closely with the Front Desk, IT, Operations, Finance, and Credit to support power trading operations and risk controls
- Bachelor’s degree (or equivalent)
- 2-5 years in a middle office role supporting a Power trading team (North America markets experience preferred)
- Hands‑on experience with trading/ETRM systems; proficiency in SQL or scripting languages is a plus
- Understanding of complex power structures is preferred
- Expert-level competency in Excel modeling, data analysis, and reporting
- Demonstrated business analysis capabilities and strong attention to detail
- Solid understanding of power markets, pricing mechanisms, and trading dynamics
- Proven ability to lead and enhance process-driven projects
- Proactive, self-starting, disciplined, and highly detail-oriented
- Exceptional verbal and written presentation skills, capable of engaging with stakeholders at all levels
Our people make all the difference in our success.