Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
The Senior Contract Analyst’s primary function is to support commodities marketing groups and related asset activities for NGL Marketing, Refined Products Marketing, Petchem Marketing, Enterprise Unregulated NGL Assets and others. The Senior Contract Analyst is accountable for ensuring an effective execution of many work processes and controls, which require a thorough understanding of various contract administration functions such as pricing analysis, contract analysis, commercial strategies, technology solutions, legal consultation and more.
Key Responsibilities
- Interact with various asset and marketing groups to ensure a complete understanding of originated transactions such as Y-grade, wholesale propane, exports, refined products and others necessary to ensure contractual terms are accurately reflected in the transaction systems on a timely basis.
- Monitor and enter daily asset and marketing transactions into the RightAngle system.
- Process, review and coordinate contracts, confirmations, amendments, exhibits and correspondence for various types of asset and marketing agreements.
- Draft contracts, amendments or exhibits by applying the established terms and conditions as negotiated by Marketing or Legal.
- Facilitate the calculation of pricing index formulas, provisions and averages necessary for cash settlement of commodity purchases, sales, exchanges and service agreements.
- Maintain tariff and rate updates in RightAngle for a variety of pipelines, storage terminals, trucking, rail, marine and other midstream services for Enterprise, joint venture and third party assets.
- Ensure negotiated prices, escalations, discounts or premiums have been properly authorized and calculated according to contractual requirements.
- Ensure that all pricing impacts are processed in a timely and accurate manner.
- Proactively champion initiatives to develop agile and robust price provision architectural solutions (i.e. escalation, complex nested pricing statements, etc.).
- Lead the development, implementation and rigorous testing plans that are highly effective and well documented.
- Ensure asset, marketing and affiliated asset transactions (i.e. storage, fractionation, blending, logistics, processing, outright, etc.) have been properly authorized in accordance to the Transaction Authorities and Limits (“TA Forms”) defined in the Commodity Risk Management Policy and Management Authorization Policy (“MAP”) and that all terms and conditions are accurately captured in the RightAngle transactional system.
- Provide mentoring and guidance to other contract analysts in developing contract and professional skills in assigned functions.
- Assist in the identification, development and implementation of new contract policies, processes and control objectives.
- Professional interactions with Commercial, Marketing, Distribution, Accounting, Legal, Scheduling, Audit, external customer and others is key to successful performance in this position.
- Ensure compliance with SOX standards in documentation and tracking of contract preparation, maintenance and reporting processes.
- Complete, accurate and timely responses to various internal and external requests to ensure all appropriate actions are taken and/or communicated to personnel.