Freight Trader

This role sits within SK Energy International.About SK Energy International (SKEI) SKEI markets and trades crude oil and petroleum products. The company was incorporated in 1990 and is based in Singapore. SK energy international operates as a subsidiary of SK trading international.Job Profile The Freight Trader will be a member of the Crude Oil Trading Book in Singapore, reporting to the department head and supporting SK Energy's commodities trading business.Responsibilities include:(Manage Freight Trading and Trading Position) Charter for all products, crude and feedstock import, export, backhaul and trading shipments, including spot and time charters, to ensure that product is delivered safely, efficiently, reliably and cost effectively. Work closely with trading teams to provide value added advice and manage their freight positions. Apply principles of financial theory and understanding of oil markets and logistics to develop and implement profitable trading strategies. Develop and maintain long term relationships with vessel owners/ brokers to ensure tonnage availability at reasonable cost for trading teams. Identify trading and arbitrage opportunities within freight derivatives and futures market. Perform market analysis to support trading activities and to identify new business opportunities. Provide oversight into all operational and relevant financial aspects of the freight transactions to support incident free transportation of Company's cargoes, and accurate and timely financial payments. Prepare management reports for review. (Business Support) Provide other traders with technical and fundamental market information and recommend methods of hedging and leveraging its position. Provides market analysis and reporting as required. (Compliance) Adherence to all internal and external regulatory requirements and limits. (Management Reporting) Be ready for 24/7 reporting on anything related to Freight market to Management. Perform research and regularly report on market analysis, trading position and strategy to Management (bi-weekly/Monthly/Quarterly/Yearly). Prepare strategic management reports and work closely with Seoul HQ on trading activities. (Strategy Planning and Stakeholder Management) Cultivate relationships that create trust, long-term partnership, collaboration while driving engagement with stakeholders. Devise multiple strategies of conflict management. Co-ordinate all parties to resolve the conflict and assess conflict situation by arriving at compromised solutions. Build long-term customer relationships and propose solution offerings that anticipates customers' needs and exceeds expectations. Manage, initiate, and drive customer relationships and formulate Customer Relationship Management (CRM) strategies to improve business relationships with customers. Candidate Profile A self-motivated individual who value integrity, have willing brain engagement in going the extra miles to provide excellent and create happiness and values to stakeholders. A strong candidate should possess the following: Degree in International Trade, Business, Economics or other relevant qualifications with strong mathematical inclination Minimally 8 years of freight trading experience Minimally 8 years of chartering and operations experience Minimally 3 years of international trading experience Experienced in shipping industry including chartering and operations Deep understanding of the oil refinery's crude oil purchasing process and ability to communicate smoothly with the refinery's crude oil purchasing teams and personnel Good understanding of the global crude oil market and good & reliable relationships with Southeast & Far East Asia refineries and crude oil producers located in Asia and the Middle East Possess relevant experience in developing trade strategies such as spreads and arbitrage Strongly analytical and financial modelling skills to assimilate complex and ambiguous data to identify key issues and aid in decision making Highly motivated and organized individuals who exhibit strong integrity, work ethics and ability to perform under pressure Effective team player with excellent oral and written communication skills and strong stakeholder management skills Salary will be commensurate with qualifications & experience. Only shortlisted candidates will be notified, typically within 2 weeks from the closing date of the posting.