Job Title: Trader – Upstream and Downstream Petroleum Products
Location: Nigeria
Employer: Japaul Oil and Maritime Services Plc. (part of Japaul Group)
Job description:
• This position manages major Downstream Petroleum Products (DPP) purchasing activity and formulates market strategy to identify and act upon supply chain opportunities focusing on asset optimization.
• Accountable for consistently meeting targeted DPP delivery schedules, profitability and optimization targets. Coordinates logistical arrangements with logistics team to ensure timely and cost-effective delivery of DPP.
• Prepare and present monthly forecasts and purchase price variance analysis.
• Conduct day-to-day activities of DPP trading by tracking and monitoring market movements; accountable for making instant decision on selling and buying for meeting profitability and optimization targets; Source, develop and manage domestic and international supplier relationships to ensure uninterrupted DPP supply.
• Establish and sustain strong relationships with relevant industries parties and counterparties to develop business opportunities within the oil & gas trading arena.
• Negotiates contracts for purchase/sale of DPP. Negotiate and conclude market transactions on a spot/term basis according to guidelines given. Interact with company management involved in the trading/commercial activity.
• Execute hedging strategies and develop analytical reports to assist in taking hedging decisions.
• Gathers and reports competitive intelligence on underlying supply and demand forces impacting business activities.
• Support trading strategies by using fundamental model analysis or trades with reputable counterparties that are back to back in nature.
Desired Skills and Experience:
• Minimum BSc/HND in business, finance, marketing, economics, accounting or related field.
• Minimum 10 years related experience in petroleum products supply and oil & gas trading required.
• Having penchant for undertaking analysis, mathematics, tracking and reporting skills.
How to Apply:
Interested and qualified applicants should apply online or send their Cover Letter and CV to careers@japaulgroup.com
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