Middle Officer - Power
Houston, TX · On-site
Gunvor Group Ltd, the group holding company, is based in Nicosia, Cyprus. As one of the world ... Work closely with the Front Desk, IT, Operations, Finance, and Credit to support power trading ...
Middle Officer - Power
Houston, TX · On-site
Gunvor Group Ltd, the group holding company, is based in Nicosia, Cyprus. As one of the world ... Work closely with the Front Desk, IT, Operations, Finance, and Credit to support power trading ...
Middle Officer - Power
Houston, TX · On-site
Gunvor Group Ltd, the group holding company, is based in Nicosia, Cyprus. As one of the world ... Work closely with the Front Desk, IT, Operations, Finance, and Credit to support power trading ...
Middle Officer - Power
Houston, TX · On-site
Gunvor Group Ltd, the group holding company, is based in Nicosia, Cyprus. As one of the world ... Work closely with the Front Desk, IT, Operations, Finance, and Credit to support power trading ...
Work In Cyprus information
What are the key skills and qualifications needed to thrive when working in Cyprus, and why are they important?
To thrive in a professional role in Cyprus, you generally need relevant educational qualifications, industry-specific experience, and often fluency in English or Greek. Familiarity with regional regulations, business software like Microsoft Office, and, for some roles, certifications such as ACCA for accounting or TEFL for teaching are valuable. Strong interpersonal skills, adaptability to multicultural environments, and effective communication help professionals integrate and collaborate with diverse teams. These skills and qualifications ensure you can meet local job requirements, perform effectively, and contribute positively to the Cypriot workplace.
What is the difference between Work In Cyprus vs Work In Greece?
| Aspect | Work In Cyprus | Work In Greece |
|---|---|---|
| Required Credentials | Work permits, basic certifications | Work permits, relevant industry certifications |
| Work Environment | Tourism, finance, shipping sectors | Tourism, shipping, agriculture sectors |
| Employer & Industry Usage | International companies, local businesses | Local companies, multinational corporations |
| Common Search & Comparison | Yes | Yes |
The main difference between working in Cyprus and Greece lies in the industry focus and work environment. Cyprus is known for its finance, tourism, and shipping sectors, while Greece emphasizes tourism, shipping, and agriculture. Both countries require work permits and relevant certifications, but the specific industry demands vary. Understanding these differences helps job seekers choose the best destination for their skills and career goals.
What does it mean to work in Cyprus?
Working in Cyprus refers to being employed or running a business within the country, which is known for its thriving tourism, finance, and shipping sectors. Employees in Cyprus benefit from a Mediterranean lifestyle, attractive tax incentives, and a relatively low cost of living compared to other EU countries. The official languages are Greek and Turkish, but English is widely spoken, especially in business settings. Non-EU nationals generally need a work permit or visa, while EU citizens can work freely. The Cypriot labor market is diverse, offering opportunities in hospitality, IT, education, and more.
What are some common challenges faced by expatriates working in Cyprus, and how can they be addressed?
Expatriates working in Cyprus often encounter challenges such as adapting to a new cultural environment, navigating administrative processes (like work permits and healthcare registration), and overcoming language barriers. Many companies offer support by providing orientation programs, assistance with paperwork, and language courses. Building a local network and participating in community events can also help expats integrate more smoothly into Cypriot society and the workplace.
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Full-time
Posted 4 days ago
Job description
Job Title:
Middle Officer - PowerContract Type:
PermanentTime Type:
Full timeJob 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
Profile
- Bachelor's degree (or equivalent)
- 2-5 years in a middle office role supporting a Power trading team (North America markets experience preferred)
- Handson 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
If you think the open position you see is right for you, we encourage you to apply!
Our people make all the difference in our success.