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Commodity Trader (Crude Oil) at Virgin Forest Energy Limited

Virgin Forest Energy Limited is a wholly-owned and well capitalized Nigerian energy downstream oil trading company. We are dedicated to the provision of top-rate petroleum products and by-products to our vast array of clients and customers across Nigeria and beyond. In the course of our short but eventful existence as a corporate entity .

We are recruiting to fill the vacant position below:

Job Title: Commodity Trader (crude oil)

Location: Lagos

Responsibilities

  • 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 & 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

Application Closing Date
Ongoing.

How to Apply
Interested and qualified candidate should:
Click here to apply online

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