Associate, Merchant Strategy
Castleton Commodities International (“CCI”) is hiring an Associate to join their Merchant Strategy team to focus specifically on the day-to-day management, optimization and growth of CCI’s merchant freight operations. CCI’s freight desk is a growing global business with traders and operations personnel in Stamford, Lausanne, Singapore and Shanghai. The desk deploys risk into operation of long-term time charters, fulfillment of open cargo contracts and opportunistic acquisition of freight assets utilizing equity from CCI’s balance sheet (and / or outside investors), as well as structured solutions for distressed situations. The freight team also has extensive interaction with other merchant commodity trading desks at CCI as it plays an important role in facilitating seaborne trade for our physical businesses (e.g., coal, refined products, fuel oil and iron ore).
The ideal candidate has prior experience working at a top-tier Investment Banking firm or Private Equity fund covering the energy sector with exposure to commodities and / or freight. This is an ideal position for candidates looking to work in an entrepreneurial, small team environment with hands on exposure to a growing global merchant trading business.
While the initial (1 – 2 year) focus for the role is freight, the position may allow for growth and exposure to other future opportunities at CCI.
Responsibilities Include:
- Assist senior management in development of freight strategy, including: fundamental analysis of freight supply and demand, analysis and implementation of hedging strategies, asset portfolio construction and budgeting
- Assist senior management in day to day monitoring and management of freight desk operations, including development of analytical tools to track performance
- Conduct in-depth fundamental financial and operational due diligence and analysis on potential freight asset acquisition / investment opportunities
- Participate in all aspects of new business development execution including legal documentation, transaction structuring and capital markets events
- Build complex operating and financial models and prepare internal investment presentation materials for CCI senior leadership and Board of Directors
Requirements:
- Bachelors degree from a top-tier university with a strong GPA
- Minimum of 2 - 3 years of investment banking or private equity experience
- Excellent financial modeling, presentation, oral and written communication skills
- Prior exposure to the energy industry is a plus, but will consider candidates with strong MA or leveraged finance experience
High degree of initiative and ability to work independently
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