Contract

Westlake Chemical offers you the potential to enrich your work life and career experience in an entrepreneurial environment. We work together to enhance peoples' lives through our products and presence in the communities in which we operate. Westlake Chemical is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to any characteristics protected by applicable legislation.

If you are an active Westlake Chemical employee (or an employee of any Westlake Chemical affiliates), please do not apply here. Please go to your Workday homepage and click on the "Careers" worklet and view "Westlake Career Opportunities".


SUMMARY

This Power & Raw Materials Analyst will conduct market research and analysis supporting Westlake’s Olefins & Vinyl’s businesses whose profitability is directly impacted by changes in these markets. The position will be responsible for the markets of power, salt/brine and other key raw materials and utilities that significantly affect Westlake’s operating costs and profitability. A key objective will be to analyze market opportunities within these markets and to recommend strategies to reduce costs and optimize supply performance.

DUTIES AND RESPONSIBILITIES

May include, but are not limited to, the following:

  • Provides market research and analytical support for the Manager - Power & Raw Materials and the Director, Feedstocks.
  • Takes a lead role in the verification of complex monthly invoices and pricing formulas to ensure compliance with contract terms. Tracks and documents contract price escalation clauses and formulas with purchase order and invoice prices.
  • Provides market analysis and directs external consultants to develop forward power and raw material price forecasts for monthly forecasts, annual budgets and long range business plans.
  • Assists the Power & Raw Materials Manager in the development of Westlake’s Power Management Strategy. This will include continually monitoring and assessing the impact of new regulations on Westlake power prices in key markets in both Louisiana and Kentucky, but will include other regulated and deregulated power markets both domestically and internationally.
  • Develops and maintains supply/demand and other analytical models for power, salt, and related strategic commodities as needed.
  • Requires in-depth understanding of the power markets assessing the impacts of the interrelationship of different fuel sources have on regional power markets as well as the different regulatory structures associated with each of the major independent system operators (ISO’s).
  • Assists with the preparation of presentations on a monthly basis for the Strategic Feedstock Overview (SFU), the Feedstock Price Point of View (POV) and the Olefins Business Review meetings. Performs financial analysis in support of Westlake’s Risk Management and Feedstock Trading activities.
  • Prepares periodic reports and presentations that analyze and benchmark power purchasing performance against market indices, budget or peer companies. Assists in the development of the annual budgets and analyzes actual expenses via monthly / quarterly variance analysis.
  • Assists the Power & Raw Materials Manager with the development and implementation of corporate-wide power consumption and reporting system capable of real-time analyses and decision on buy vs. sell opportunities.
  • Acts a key knowledge resource and expert to Westlake’s Commercial and Operations groups on the power and salt/brine markets.
  • Leads the development and ongoing management of systems to monitor power and other utility consumption at Westlake’s various Fabricated Products Facilities with a goal of optimizing consumption relative to total production costs and make recommendation for further value-added changes.
  • Tracks and reports on the overall cost effectiveness of Westlake’s self-generation power assets relative to 3rd party purchased power sources and recommend changes that enhance overall economic value.
  • Analyzes and reports total costs associated with brine supply. Evaluates alternative supply opportunities to improve cost effectiveness.
  • Forecasts monthly power prices to Westlake’s Businesses and major plant sites based the market outlooks for fuel price, regional demand and other key ISO factors.
  • Participates in supplier evaluations and interfaces with key industry market representatives and external consultants.
  • Serves as a back-up for the Manager – Power and Raw Materials, including PO creation, invoice approvals and contract reviews, as necessary.
  • Special Studies and Other Responsibilities (as needed):
  • Analyze and provide data for surveys, benchmarking, bankers, legal actions, etc.
  • Performs special projects and assignments as required by management.
  • Comply with all Company policies and procedures.

EDUCATION, EXPERIENCE AND QUALIFICATIONS

  • Undergraduate degree in Finance, Accounting or Engineering discipline required, with an MBA strongly preferred.
  • Requires minimum 4 years of work experience in business management, manufacturing, engineering, finance / accounting, or related field. Experience in chemical or energy related businesses and industries preferred.
  • Incumbent must have strong inquisitive, analytical/modeling skills with some technical experience in the chemical, petroleum, or manufacturing business.
  • Must be proficient with Microsoft Office products including Excel, Word and PowerPoint and be able to develop accurate, detailed analyses under time pressure.
  • Must have effective verbal/written/presentation skills.

PHYSICAL DEMANDS

While performing the duties of this job, the employee is frequently required to sit; stand; walk; use hands to touch, handle, or feel; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop, kneel, or crouch. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT

The noise level in the work environment is usually moderate as normally based in an office. Some of the work may be required in the operating units which can require usage of required PPE including safety glasses, hearing protection, etc. May also result in exposure to outside elements and may require usage of stairs and elevators. Travel including air travel or auto travel may occasionally be required.


Westlake Chemical is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to any characteristics protected by applicable legislation.

If you are an active Westlake Chemical employee (or an employee of any Westlake Chemical affiliates), please do not apply here. Please go to your Workday homepage and click on the "Careers" worklet and view "Westlake Career Opportunities".