Senior Fuels Trader

3 weeks ago

Cape Town, South Africa Engen Full time

**Purpose of the Job**:
To manage and ensure regular and economic sourcing & supply of finished bulk product to South Africa and neighbouring countries (BLNS) and develop system plus trading business to optimize on logistics/economics in co-ordination with Enterprise Optimization and Supply.

**Who You Are**:

- **You are a strategic thinker** - You analyze market trends and make informed decisions.
- **You are decisive under pressure** - You make quick, confident choices in fast-paced environments.
- **You are commercially savvy** - You understand fuel markets and identify profitable opportunities.
- **You are numerically adept** - You quickly calculate margins and profits to optimize strategies.
- **You are an expert negotiator** - You secure the best deals with suppliers and customers.
- **You are skilled in risk management** - You manage risk using tools like hedging and derivatives.
- **You are a strong communicator** - You explain strategies clearly to stakeholders.
- **You are detail-oriented** - You ensure accuracy in contracts and compliance.
- **You are adaptable and resilient** - You adjust quickly to market changes.
- **You are relationship-focused** - You build strong industry connections for better opportunities.
- **You are tech-savvy** - You use trading platforms and data to optimize performance.
- **You are a leader** - You mentor junior traders and contribute to team success.

**What You'll have done before**:
Baseline:

- NQF Level 7 (Bachelor’s Degree in Supply Chain or relevant)
- 6 years’ experience in Oil and Gas with minimum of 3 years in Supply Chain environment
- 2 years’ experience in Trading and Supply of crude and/or Petroleum products

Advantageous:

- Degree in Commerce or Engineering
- Experience in South African operations for supply of petroleum
- Experience in South African operations for supply of petroleum

**Exciting Challenges you might face in the role**:

- Navigating the rapidly changing fuel markets and making swift decisions to capitalize on price fluctuations.
- Adapting to the effects of geopolitical events, supply chain disruptions, or regulatory changes that impact fuel availability and pricing.
- Maintaining strong partnerships with key stakeholders, suppliers, and customers to ensure smooth operations and long-term success.

**What You'll be doing**:
**PRODUCT SOURCING**
- Sourcing and supply of all finished products, bulk fuels and refinery feedstocks (reformate) for South Africa and its neighbouring countries (BLNS)

**CONTRACT MANAGEMENT**
- Negotiates terms and conditions of contracts and manages the implementation, operation and reconciliation of contractual agreements with external suppliers

**STRATEGIC INITIATIVE SUPPORT**
- Provide support to the strategic initiatives to ensure system supply trading profitability and system plus trading profitability

**SYSTEM MANAGEMENT**
- Manage and provide support to the system stakeholders (internal/external) to ensure smooth and efficient business operations

**RISK MANAGEMENT**
- Recommend Price Risk and Hedging Strategies in order to minimize the price risk and losses that may arise from physical products sourcing

**Job Advert Closing Date**: All job adverts close five days after date posted

**Engen’s approved Employment Equity plans and targets will be considered as part of the recruitment process.**

**Important Information**:

- The appointment will be made in line with Engen's Employment Equity Strategy.
- Engen reserves the right not to make an appointment.

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