Bunker/ Fuel Oil Trader

2 months ago

Dubai, United Arab Emirates eFinancialCareers Sourcing Services Full time

**About the job**

**Duties and Responsibilities**:

- Back-to-back trading of Bunkers Marine Fuels / LSFO / MGO / HSFO to local, regional, and international clients and bunkering companies.
- Business development, identifying new market opportunities to increase market share and revenue for the company and expand the Company’s business portfolio
- Produce daily pricing and market reports for the region and global bunker markets for clients and suppliers.
- Understand, analyze, and interpret market conditions, identify counterparty needs, provide product and price information, negotiate deals and prepare and process orders, handle administration and general customer queries relating to the sales process;
- Proactively control credit risk ensuring that late payments are chased; costs of claims are minimized; and counterparty financial strength is regularly and carefully considered in conjunction with the Credit Team;
- Develop and execute trading strategies that align with company objectives.
- Manage risk and comply with all regulatory requirements.

**Experience**:

- Minimum of 5 years’ experience in back-to-back bunker trading in the UAE and broader GCC markets **(required),**:

- Extensive network of contacts within the trading sector, including suppliers and clients.
- understanding of the mechanics of trading, including spot trading, futures, options, forward contracts, swaps, ETFs, CFD, bilateral contracts, and physical trading.

**What We Offer**:

- Opportunity to lead and shape the future of a growing trading department.
- Dynamic and supportive work environment.
- Professional development and career growth opportunities.

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