Responsibilities
Understand market conditions through Platts market reports and oil publications.
monitoring world markets and following the financial news from agencies such as Reuters and Bloomberg
Monitor trading screen and news channels, gather key data and analyse trends in order to take a daily position (Long/Short).
Manage Profit and Loss and mark to market positions to ensure that the trades are profitable and targets are met.
Identify commercially profitable physical deals and execute in the most beneficial manner.
Successfully negotiate physical deals with counter-parties, as well as build and maintain n critical relationships with most major suppliers and customers covering the geographical areas of Europe, Africa, and the Middle East.
Resolve operational inefficiencies, as well as negotiate freight and demurrage exposures resulting in transactional cost reduction.
Responsible for trading petroleum product across West Africa and East Africa for Virgin Forest.
Responsible for planning shipping operations and vessel chartering for Virgin Forest.
Manage loading and discharge operation for various product traded.
Educational Requirements
Candidates should possess minimum of BSc in Finance, accounting, business or economics or any other related field.
Experience Requirements:
Cognate experience in Commodity Trading especially Oil & Gas commodities.
Applicants must possess adequate knowledge on oil and gas industry.
Monitoring the changes in the various markets across the globe
Quick decision-making capabilities
Willingness to work hard and for longer periods daily
Ability to conduct oil trades using an electronic exchange or on the trade floor
More than 2 years’ experience and proven track record in Oil related trading within the banking or oil trading industry
Direct experience in managing Oil risk positions
Detailed fundamental & technical understanding of the Oil markets
Previous experience in a platform that has strong client franchise would be an advantage
Strong quantitative, documentation and communication skills
Desired Skills:
Excellent interpersonal and communication skills
Passion for growth and success
Able to work in a team environment and individually
Excellent oral and written communication skills.
Applicants must be computer literate
Apply via :
virginforest.com.ng
