Versatile Energy Trader and Portfolio Optimizer (10+ Yrs)

Irminder Singh Jassal

Haywards Heath, West Sussex

*******@*******.*** +44 (0-798*-***-***

Profile:

Commercially driven energy professional with over 10+ years of experience across LNG, gas, power and oil markets, spanning trading, portfolio optimisation, and risk management. Proven track record supporting and executing physical and financial trades, optimising cargo portfolios, and identifying arbitrage and hedging opportunities across JKM, TTF and Henry Hub. Strong expertise in derivatives, exposure management, valuation and P&L attribution, combined with deep operational and scheduling knowledge. Trusted partner to traders and senior management, bringing analytical rigour and commercial judgement to maximise portfolio value and P&L.

Employment History

Angola LNG (Contract): Portfolio & Planning Analyst (Oct 2024 – Current)

•Partner with marketing and shipping teams to optimise LNG sales portfolio and shipping capacity against production forecasts, vessel availability, and price movements (JKM/TTF/HH).

•Lead commercial evaluations for spot and term tenders, building deal economics, price forecasts, shipping costs, and tax impacts for CEO and executive team review.

•Run portfolio simulations to design commercially optimised cargo schedules, maximising value across trading windows and arbitrage opportunities.

•Sole analyst for long-term sales campaigns: develop pricing scenarios, conduct bid assessments and prepare award recommendations.

•Produce weekly portfolio insights and trading pre-reads (pricing, forecasts, optionality) forming the basis of marketing strategy and tender execution.

•Deputy to Portfolio Manager, supporting portfolio decisions and assuming delegated authority for planning and optimisation.

•Develop annual marketing plan, forecasting revenues and ensuring compliance with regulatory reporting.

JERA GM: LNG Optimisation & Trading Analyst (Portfolio Trading) (Jan 2021 – Aug 2024)

•Active member of LNG trading desk, optimising physical FOB/DES/ADP cargo flows and structuring trades with location, volume, shipping and timing optionality.

•Identified and executed commercial opportunities (backfills, swaps, TC in/out, arbitrage) to enhance portfolio value and mitigate supply imbalances.

•Contributed to trading strategy through exposure scenario analysis, market insight, and pre/post-trade evaluation.

•Acted as key interface across internal stakeholders to manage deal flow and entry across desks

•Managed trading positions and exposures across JKM, TTF, HH and FX, explaining deltas and portfolio changes to desk heads.

•Produced and explained daily P&L and month-end attributions, directly linking trading decisions to profitability.

•Executed FX hedging strategies for non-USD index exposures, placing market orders with Treasury.

•Drafted trade confirmations, structured recaps, and contract summaries to support execution.

•Coordinated with Origination, Freight, and Cargo Ops for scheduling and delivery execution.

•Front-office lead for optimisation system enhancements, developing tools to streamline pricing and scheduling analysis.

Greenergy (Contract): Risk Analyst/Application Support (Mar 2020 – Jan 2021)

•Produced daily P&L (mark-to-market) and exposure for Marine Gasoil/Fuel Oil trading books with price summary.

•Analysed physical positions to identify exposure and advised traders on hedging strategies using derivatives.

•Simulated pre-trade exposure to validate hedge effectiveness and support accurate risk decisions prior to execution.

•Monitored market drivers and provided forward-looking insights on marine fuel pricing.

•Reconciled trade economics across volumes, bills of lading and hedge alignment, partnering with traders and finance to resolve discrepancies.

Petronas Energy Trading (Contract): Business Analyst/Application Support (Apr 2019 – Mar 2020)

•Supported Gas & LNG trading desks through system and process improvements, ensuring accurate trade capture and risk reporting.

•Conducted UAT and regression testing on ETRM systems to support front-office strategy and new product rollouts.

•Delivered user training and documentation to improve trader adoption and system effectiveness.

Centrica Energy Trading (Contract): Trading Ops & Support (May 2018 – Apr2019)

•Captured, validated, and reconciled physical and derivative trades across Gas, Power, LNG, Oil & Coal portfolios.

•Nominated and balanced daily/hourly UK & European Gas/Power flows, ensuring accurate execution and position integrity.

•Automated trade support processes, improving operational efficiency and enabling faster front-office decision-making.

•Supported new product and exchange setups in Endur to facilitate trading expansion.

Accenture (Contract at ENI): Management Consultant (Nov 2017 – Apr 2018)

•Led requirements gathering and process design for Endur implementation on physical oil trading desk.

•Defined front-office business workflows and data migration, ensuring trading needs were embedded in new system.

•Delivered trading process documentation and supported UAT with traders and risk teams.

Shell Trading (Oil Products Trading Desk): Derivative Sales (Nov 2015 – Oct 2017)

•Structured and executed hedging strategies for clients across distillates, jet, and fuel oil using swaps and futures.

•Quoted, negotiated, and executed B2B derivative trades with counterparties and internal traders.

•Developed bespoke risk management solutions tailored to client exposures, enhancing trading flows.

•Leveraged relationships across Shell’s Downstream and Upstream businesses to expand deal origination.

•Produced trade recaps and confirmations ensuring smooth settlement of transactions.

Shell Trading (Oil Products Trading Desk): Business Analyst/Development (overlap with Front office role)

•Designed and implemented front-office tools to automate trade capture and portfolio allocation, saving 15% trader time and ~$250k in IT costs.

•Developed automated P&L and valuation reporting, giving real-time visibility across trading desks.

•Built front-end applications for order capture and trade entry, adopted globally by Shell trading desks (UK, Rotterdam, Singapore, Dubai).

•Created models to publish trader price curves and valuations, reducing reliance on third-party providers and enhancing market transparency.

Shell Trading (Oil Products Trading Desk): Trade Desk Analyst (Jun 2012 – Oct 2015)

•Executed and booked buy/sell orders, EFPs/EFSs, and futures positions for Middle Distillates desk.

•Communicate with Brokers to get latest Bid/Offers for products as well as confirming EFP transactions

•Served as focal point between brokers, ICE, banks, back office, risk and physical traders to resolve discrepancies and invoicing issues.

•Managed global MOC exposure, hedging price risk using ICE Gasoil futures and Brent swaps.

•Delivered daily market reports on price drivers, macroeconomic trends, and arbitrage opportunities.

•Maintained economic models for refinery margins, crack spreads, and supply-demand balances, providing inputs for trading decisions.

•Ensured compliance with FCA and Shell trading mandate requirements.

Shell Trading (Oil Products Trading Desk): Trader Assistant (Jun 2011 – May 2012)

•Supported trading desks by booking swaps & futures across crude, fuel oil, distillates, LPG, and biofuels.

•Produced daily P&L, exposure, and month-end reporting, ensuring accuracy in portfolio economics.

•Investigated P&L discrepancies and resolved trade capture issues directly with traders.

•Delivered weekly macro/market analysis (FX, metals, equities, energy), highlighting short-term trading trends.

Shell Trading (Global ETD ops): ETD Back/Middle office (Feb 2007 – Jun 2011)

•Supervised clearing, reconciliation, and settlement of oil, gas, power & freight futures/options.

•Managed intra-day clearing, margining, and position reporting, ensuring risk transparency to trading desks.

•Delivered UAT and process design for STP clearing of ETD products.

Coutts & Co: Manufacturing/Operations Client Services (Feb 2006 – Feb 2007)

•Early career role, handling payments processing and client servicing in operations.

Education:

Programming with Python City University, London Sep 2019 – Nov 2019

BSc (Hons) Mathematics & Finance City University, London Sep 2002 – Jul 2005

A levels & GCSEs: Heston Community School Sep 1994 – June 2002

Other skills

Trading & Commercial: LNG/Gas/Power/Oil products, derivatives (swaps, futures), physical optimisation, arbitrage, hedging, risk management, P&L ownership.

Markets & Analysis: JKM, TTF, HH, FX exposures, supply/demand modelling, cargo scheduling/forecast, crack spreads, refinery margins, macroeconomic awareness.

Systems: Reuters Eikon, OpenLink Endur, TriplePoint CXL, Allegro, Trayport Joule, WebICE, Kpler, ZEMA, DEX, SAP, SunGard Clearvision, ICE platforms.

Technical: Basic SQL, Python (beginner), VBA, Excel/Access macros, PowerPoint.

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