Oil and Gas Trader (Energy Trading Company)

Full Job Description

Our client is a leading energy trading company specializing in stocks and commodity exchange in the oil and gas sector, with an office in Lagos, Nigeria.

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.

§  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

Highly Competitive and Negotiable based on quality of experience.