Job Vacancy: Job title: Oil and Gas Trader (Energy Trading Company)
Job description: Job Description:
Our client is an energy service provider that offers engineering design and construction services, power and renewable energy, oilfield supplies, environmental and laboratory services, and power and energy services in Nigeria with an office in Victoria Island.
The Company is seeking to hire an experienced Oil and Gas trader who will be responsible for performing in-depth market analysis and research, developing and implementing trading strategies to optimize commodity options, and exploring opportunities for initiating and expanding client base and market presence.
The ideal candidate for this role must have a solid background in the supply chain management of the oil and gas industry with a focus on trading and business development and will also be a key contributor to the company’s growth and revenue generation.
Key Responsibilities:
§ Develop global commodity trading with a primary focus on crude oil, bulk petroleum products, natural gas, LPG, and petroleum specialty products.
§ Develop and implement trading strategies to optimize commodity trading operations.
§ Execute spot trading, futures, or options transactions effectively.
§ Develop a business network for oil buyers and sellers.
§ Monitor and report on market trends, price movement, and key market indicators on local and international media platforms.
§ Assess and manage risk factors associated with trading positions.
§ Identify and cultivate relationships with potential clients and stakeholders within the oil and gas marketplace.
§ Provide insights and recommendations based on market research to inform trading strategies.
§ Oversee various aspects of the supply chain, including procurement, importation, storage, shipping, and logistics.
§ Ensure smooth operations related to depot management and transactions.
§ Collaborate with international traders and relevant government agencies to facilitate trade.
§ Secure all necessary permits, licenses, and import documentation to ensure compliance with regulations.
§ Maintain accurate records of transactions, contracts, and import documentation.
§ Prepare and submit daily and monthly reports to senior management regarding trading activities, tenders, sales, procurement, and market conditions.
Provide timely updates on market trends based on Bloomberg, Reuters news, and other related online platforms
Requirements
§ Bachelor’s degree in Business, Finance, Economics, Engineering, or any other relevant field
§ A minimum of 5 years of experience in commodity trading, with a focus on oil and gas.
§ Strong analytical skills with the ability to interpret market data and trends.
§ Proven experience in developing and implementing successful trading strategies.
§ Excellent negotiation, risk management, and business development skills.
§ Knowledge of relevant regulations and compliance requirements in the commodity trading sector.
§ Proficiency in using trading platforms and software.
§ Strong interpersonal skills, ability to build and maintain client relationships, and exceptional communication and presentation skills
Benefits
Base pay ranges BTW N400, 000.00 – N600,000.00 monthly + other interesting benefits
Location: Lagos, Lagos State
Job date: Mon, 04 Dec 2023 00:31:11 GMT
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