Junior Cargo Trader

Department: Supply & Trading

Location: Dubai

Description

Engage in the procurement of marine fuels, blending components and associated products to maintain a competitive supply in Peninsula’s regional physical ports, maximizing the value of the company’s assets and shorts, where quality and risk awareness are paramount, by fostering profitable and longstanding relationships with a portfolio of counterparties, including major oil companies, refiners and trading houses globally.

This role would suit someone with previous experience in Physical Trading, ideally within the Residual and Distillate Fuels scope of products.

MAIN RESPONSIBILITIES

• Maintain, establish and build relationships with new and existing suppliers;
• Procure Marine Fuels and their blending components to maintain a competitive supply into the regional physical ports;
• Openly communicate with other cargo traders internally to maximise the flow of market and arbitrage opportunities globally;
• Understand, analyse and interpret market conditions, fundamentals, geopolitics, market structure plays and other sources of information in order to have a view that better positions Peninsula’s supply;
• Coordinate supply and blending with local Operations teams
• Coordinate with Chartering to maximize value of Peninsula’s shipping assets
• Coordinate with Regional Book Manager and Hedging Desk in order to both mitigate pricing risk and to maximize value of supply within the Risk Management framework;
• Coordinate with line manager and Regional Head to define and implement medium / long term procurement strategies;
• Participate in both internal and external marketing activities when required;
• Use MINT and local market intelligence to understand competitors and suppliers flows of supply;
• Proactively control risks ensuring that all counterparties are vetted and approved, cost of claims are minimized, and counterparty financial strength is regularly and carefully considered in conjunction with the Supplier Credit Team;
  
  

KNOWLEDGE, SKILLS AND EXPERIENCE

Essential:

• Business level of English language essential
• Confident individual with excellent verbal and written communication skills.
• Persuasive and influential by nature, a highly effective negotiator able to ‘think on your feet’
• High level of ownership and accountability.
• Knowledge of residual and distillate fuel pools as well as feedstocks, understanding their uses as well as key parameters, and their testing procedures, involved in blending them.
• Knowledge of ISO 8210 specifications.
• Ability to swiftly express key information to facilitate line manager / Regional Head decision making
• High level of commercial acumen, able to think analytically and strategically and understand the wider business context
• Able to work collaboratively as part of a team and towards shared goals but equally able to work independently with a minimal level of supervision
• Ambitious, self-motivated and demonstrating a willingness to continually develop own knowledge and skills
• High level of computer literacy including proficiency of MS Office package and able to work with CRM systems

Desirable:

• Knowledge of other languages

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