Senior LPG Trader

Axpo Singapore Pte Ltd is looking for a Senior LPG Trader.

Within the Continental Europe Merchant Trading Division (CEMT) of the Business Area Trading & Sales, reporting to the MD of Axpo Singapore and commercially to the Head of LPG Trading, the Senior LPG Trader is responsible for managing the assigned LPG books and maximizing profitability for Axpo while respecting risk policies and limits.

Tasks and Responsibilities

Manage the assigned LPG books and support the desk in taking opportunities to maximize the profitability of the LPG desk, while respecting trading mandates, risk policies, and limits:

• Reach financial targets and manage assigned and shared books to maximize profitability.
• Trade within internal and external compliance standards, respecting trading mandates, risk policies, and defined limits.
• Maximize profit through trading activities.
• Support the Head of LPG in setting up and developing the LPG desk.
• Identify and exploit LPG trading opportunities by performing physical and financial LPG seaborne trading and hedging.
• Conduct negotiations and contractual agreements with potential suppliers and customers.
• Monitor and analyze the global LPG market.
• Support and develop business relationships.
• Position Axpo physically and financially in the global LPG market and ensure that opportunities can be taken.
• Identify new potential business relationships, suppliers, and customers.
• Maintain existing business relationships with suppliers and counterparties, and manage contractual relations based on trust.
• Identify potential LPG suppliers and build useful business contacts to diversify procurement routes.
• Perform market research (fundamentals, quantitative models) and acquire knowledge for decision-making within trading mandates.
• Evaluate and monitor positions, and identify trading opportunities and risks.
• Manage relationships with internal and external contacts to maximize trading opportunities.
• Support the implementation of back/mid office/risk processes.

LPG Strategy:

• Proactively participate in implementing and achieving the LPG business strategy.
• Implement the approved LPG strategy effectively.

Compliance:

• Adhere to internal guidelines and regulations (Directives, Code of Conduct, Risk Policy, etc.).
• Respect stop-loss and VAR limits.

Contribution and Cooperation:

• Work closely with the operations department for smooth processes.
• Contribute to business development and ensure cooperation with other trading and origination desks, as well as with Axpo's Business and Corporate Functions.
• Ensure efficient cooperation across different hubs.

Skills and Competencies

Personal Competencies:

• University Degree in Economics, Finance, Mathematics, Physics, Engineering, or similar.
• Entrepreneurial attitude.
• Excellent communication and negotiation skills.
• Reliability and adherence to ethical and compliance standards.
• Team player with strong cooperation skills.
• Flexibility and adaptability.
• Strong international networking skills.
• Problem-solving and creative thinking.

Professional Competencies:

• Minimum 5 years of professional experience in physical LPG trading and origination in the Far East.
• Deep knowledge of Eastern infrastructure, end-users, supply contracts, and optimization models for LPG trading in Asia.
• Proven ability to build relationships with major NGL players in the Far East, especially Japan and Korea.
• Experience in physical and hedging strategy implementation.
• Business development mindset and willingness to grow the LPG business.
• Strong risk management skills and discipline.
• Analytical skills for strong and clear trade analysis.
• Experience in shipping strategies, negotiations, and chartering LPG ships is a plus.
• Experience in origination and negotiations of long-term contracts with Middle Eastern producers.
• Established relationships with end users in the Far East, with a track record of closing LPG supply contracts.

IT Skills:

• Proficiency in Office Suites and Deal Capture systems.
• Advanced programming skills in VBA, Python, C# are advantageous.

Language:

Fluent in English, both written and spoken.