Fuel Oil Trader

Overview

1. **Trading & Business Development

• Develop and manage fuel oil trading activities in regional and international markets.
• Identify and establish relationships with refineries, traders, suppliers, and end-users.
• Source and market fuel oil products, including HSFO, LSFO, VLSFO, Marine Fuel, and related petroleum products.
• Negotiate purchase and sales contracts to maximize trading margins.
• Monitor market trends, pricing movements, supply-demand fundamentals, and competitor activities.

2.Market Intelligence

• Track vessel movements, import/export data, refinery operations, and market developments.
• Identify arbitrage opportunities and new trading prospects.
• Maintain up-to-date market information and provide regular market reports.

3.Risk Management

• Evaluate commercial, operational, and credit risks associated with transactions.
• Coordinate with finance and management regarding credit limits and exposure.
• Ensure compliance with company policies and trading procedures.

4.Operations & Execution

• Coordinate with suppliers, logistics providers, inspection companies, and customers to ensure smooth transaction execution.
• Resolve operational issues related to loading, discharge, documentation, and product quality.
• Work closely with operations and finance teams for timely contract performance and payment collection.

5.Relationship Management

• Develop long-term relationships with key market participants.
• Attend industry events, conferences, and networking opportunities to expand the company's market presence.

Requirements

• ***Education:***
• Bachelor's degree in Business, Finance, Engineering, Supply Chain, or a related field.
• ***Experience:***
• Minimum 5 years of experience in fuel oil trading or petroleum products trading.
• Proven track record of generating profitable trading business.
• Established network of fuel oil suppliers, traders, and buyers.
• ***Skills:***
• Strong negotiation and commercial skills.
• Excellent understanding of fuel oil markets and pricing mechanisms.
• Knowledge of international trade terms, shipping, and logistics.
• Strong analytical and risk assessment capabilities.
• Proficiency in Microsoft Office, trading platforms, and market intelligence tools.
• Excellent communication and relationship-building skills.
• ***Key Performance Indicators (KPIs):***
• Monthly trading volume targets.
• Gross profit generated.
• New supplier and customer acquisition.
• Successful execution of trades.
• Collection and credit management performance.
• Market intelligence contribution and business opportunities identified.
• ***Preferred Background:***
• *Experience trading:*

• Marine Fuels And Bunker Fuels

• Base Oils
• Distillates and related petroleum products
• ***Compensation:***
• Competitive salary.
• Attractive performance-based commission structure linked to gross profit generation.
• Annual performance bonus.