Base Oil Trader at an International Downstream Oil and Gas Company - Fosad Consulting

Fosad Consulting - Our client, an international Downstream Oil and Gas company is recruiting to fill the position below:

Job Title: Base Oil Trader

Location: Lagos - Mainland, Lagos

Job Summary

• Responsible for the development and promotion of Base oil trading and interacting with companies involved in the refining, distribution, transportation, storage, blending and sale of hydrocarbons

Key Responsibilities

• Coordinating hedge strategies for cargoes, barges and storage to take advantage of market structure opportunities along the forward curve.
• Sourcing of Base Oil, Gasoline, Naphtha and blending components.
• Contributing to development of business contracts, including evaluation and development of new opportunities.
• Participating in negotiations.
• Ensuring compliance with company policy and procedure, International Commercial (Inco) Terms, pipeline specifications, New and all local rules and regulations on energy trading.
• Remaining current on the legal and economic issues affecting the hydrocarbon industry.
• A sound understanding of the relationship between physical and paper/derivative markets and the use and application of risk management instruments and techniques in general, but specifically related to structured transactions like storage transactions, quality and time exchanges.
• A sound understanding of contracts, finance, insurance, chartering, storage, etc., related to international energy trading.

KPI’s:

• Revenue and Margins
• Volume and Profitability
• Effectiveness of Physical and Derivatives Strategy for the Trades.

Qualifications

• Minimum of a Bachelor's degree in a relevant or equivalent field
• Minimum of 5 years’ experience in petroleum products trading, preferably Base oil trading in West Africa
• Willingness and ability to travel up to 25% of the time in order to fulfill the responsibilities of this position
• Good knowledge of West & East African Markets
• Knowledge of storage management facilities- Blending
• Knowledge of refineries production in the African area and flows arriving to Lagos from other markets
• Knowledge and experience in trading refined products such as: Base oil, Gasoline and Naphtha, including derivatives management.

Capabilities:

• Ability to take initiative and be innovative
• Demonstrated exemplary negotiation skills.
• Experience managing profit and loss margins.
• Excellent written and verbal communication skills.
• Effective organization skills with the ability to prioritize workload.
• Acute attention to detail and ability to execute work with minimal error margin.

Application Closing Date
27th July, 2020.