Trader, Upstream and Downstream Petroleum Products - Nigeria Job at Japaul Oil and Maritime Services Plc

[Jobrib]

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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