Tuesday, 28 November 2017

Commodity Trader (crude oil) at Virgin Forest Energy Limited

Virgin Forest Energy Limited is a wholly owned Nigerian and well capitalized energy downstream oil trading company and is seeking to recruit an Commodity (crude oil) Trader.Commodity Trader (crude oil) at Virgin Forest Energy Limited

Job Title: Commodity Trader (crude oil)

Location: Lagos

    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 and 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

How to apply
Interested candidates should;
Click here to apply

Application Deadline Date
Not stated


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