Quantitative Analyst – LNG

What you'd do

• Own and evolve the optimization logic, constraint formulation, and mathematical engine underpinning our LNG portfolio valuation platform.
• Support deal structuring on complex transactions, providing independent quantitative challenge on methodology, assumptions.
• Extend the platform to accommodate new contract types, pricing structures, and market features as the origination pipeline evolves, including structures the current model cannot yet represent.
• Manage solver performance and runtime, model scalability, and the compute economics of running large batches of parallel scenario and optimization cases.
• Lead model validation and assurance activity: back-testing, stress testing, sensitivity analysis, synthetic and edge-case test construction, benchmarking against accepted external references, and reconciliation of model output against independent calculation.
• Develop pricing frameworks for optionality that standard valuation does not adequately capture — spread options, swing and flexibility valuation, compound and embedded structures, and non-standard indexation.
• Deliver model outputs that stand up to scrutiny: intrinsic and extrinsic value decomposition, profit attribution by source, hedging analytics, and stochastic cash flow distributions.
• Maintain rigorous model documentation, automated test coverage, release notes, versioned assumptions, and calculation lineage sufficient to withstand internal audit and independent peer review.
• Collaborate with Commercial IT, data engineering, and data science teams on productionization, data pipeline integrity, and release validation — retaining full ownership of the underlying mathematics.
• Contribute reusable components — curve handling, calendars, optimization building blocks, scenario frameworks — back into the shared multi-commodity quantitative library, and help establish the modeling standards and governance practices that library will run on.

What they want

• Legally authorized to work in the United States.
• Master's degree or higher in Applied Mathematics, Operations Research, Financial Engineering, Statistics, Physics, Engineering, Computer Science, or a related quantitative discipline.
• 10 or more years of hands-on experience as a quantitative analyst in energy commodities or financial markets, with a demonstrated record of building and deploying production-grade valuation, optimization, or risk models.
• Demonstrated command of optimization methods applied to commercial problems: mixed-integer linear programming, linear and network optimization, and stochastic or dynamic programming approaches.
• Practical experience with commercial solvers (Gurobi, CPLEX, XPRESS, HiGHS) and modeling frameworks such as Pyomo.
• Experience applying real options and derivatives pricing to physical optionality: spread options, swing and flexibility valuation, Black-76, and least-squares Monte Carlo or comparable dynamic programming methods.
• Demonstrated experience building hedging analytics — Greeks computation, hedge construction, and hedge effectiveness measurement — for physical or structured commodity portfolios.
• Experience with commodity price forecasting and quantitative modeling techniques, including simulation-based approaches used for valuation and risk management.
• Advanced Python development skills with experience building production-quality analytical and quantitative modeling applications.
• Knowledge of LNG market mechanics sufficient to encode them correctly: FOB and DES pricing, destination and diversion economics, quantity tolerances and make-up provisions, cancellation rights, shipping and chartering fundamentals, boil-off and voyage economics, and regasification and capacity arrangements.
• Understanding of global LNG and gas market structure, including Atlantic and Pacific Basin trade flows, principal pricing hubs and indices, shipping economics, and portfolio optimization principles.

About ConocoPhillips

We are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world.