Base Oil Trader

Fosad Consulting - Our client, an international Downstream Oil and Gas company is recruiting to fill the position below:
Job Title: Base Oil Trader
Location: Lagos - Mainland, Lagos
Job Summary
Responsible for the development and promotion of Base oil trading and interacting with companies involved in the refining, distribution, transportation, storage, blending and sale of hydrocarbons

Key Responsibilities
Coordinating hedge strategies for cargoes, barges and storage to take advantage of market structure opportunities along the forward curve.
Sourcing of Base Oil, Gasoline, Naphtha and blending components.
Contributing to development of business contracts, including evaluation and development of new opportunities.
Participating in negotiations.
Ensuring compliance with company policy and procedure, International Commercial (Inco) Terms, pipeline specifications, New and all local rules and regulations on energy trading.
Remaining current on the legal and economic issues affecting the hydrocarbon industry.
A sound understanding of the relationship between physical and paper/derivative markets and the use and application of risk management instruments and techniques in general, but specifically related to structured transactions like storage transactions, quality and time exchanges.
A sound understanding of contracts, finance, insurance, chartering, storage, etc., related to international energy trading.

KPI’s:
Revenue and Margins
Volume and Profitability
Effectiveness of Physical and Derivatives Strategy for the Trades.