Trading Analyst at Rainoil Limited

Rainoil Limited is an integrated downstream oil and gas company. A prominent player in the Nigerian industry, the company’s operations span across the downstream value chain i.e. Petroleum Product Storage, Haulage/Distribution and Retail Sales. Our primary products include Petrol (PMS), Diesel (AGO) and Kerosene (DPK).

We are recruiting to fill the position below:

Job Title: Trading Analyst

Location: Lagos
Job Type: Full Time

Job Summary

To charter high quality vessels suitable for Rainoil Shipping & Trading requirements. It is also the responsibility and function of this Department to provide appropriate timely and cost-effective shipping and chartering strategy for the company.
The incumbent will manage commercial and operational processes of all imported product (AGO, DPK and PMS).

Specific Duties & Responsibilities
Strategic:

To ensures that the executed marine charter transactions is within Rainoil Shipping &Trading standard with the lowest possible freight costs meeting Rainoil S&T’s operational standards.
Ensures the quality of all petroleum products and ensure they are within DPR/SON Standard specifications before they are imported or bought by the company.

Operational:

Negotiates chartering transactions
Co-ordinates with ship brokers and other industry contacts to provide expertise in support of Rainoil S&T’s business.
Gathers, evaluates and maintains market information in support of commercial requirements.
Anticipates market direction and identifies trends. Proactively sharing shipping market intelligence with other departments in the organisation.
Calculates voyage economics as necessary to evaluate charter opportunities.
Develops and maintains relationships with industry counterparts including ship owners, charterers, DPR, PPPRA and brokers to facilitate and enhance Rainoil S&T’s business.
Keeps all other departments of the organisation informed of significant issues and changes in the tanker market.
Supervises demurrage claims preparations and collection.
Performs other assigned duties as delegated by the COO and MD/CEO from time to time.

Requirements