AEGIS seeks a Senior Bunker Trader in Dubai

The Aegis Group is a diversified cargo trading and vessel operations enterprise that is founded and headquartered in the UAE. As part of its ongoing expansion in its cargo trading and ship chartering divisions, the company wishes to hire a senior bunker trader to create its own captive bunker trading desk. To help create and grow this desk, the company seeks experienced and qualified experienced Senior Bunker Trader. Candidates with an entrepreneurial drive and the desire to help grow a business are sought. Please see below the description, requirements and qualifications for further details.

Requirements

Job Description & Requirements

• For this role, the ability to efficiently function and grow a bunker trading desk will be a key role of the aspiring Senior Bunker trading candidate. Individuals with an entrepreneurial drive, excellent communication and a proven track record of growing a business will be highly favored.
• As a Senior Bunker Trader, you will be expected to have a clear understanding behind the operational, financial and HR procedures necessary to establish, function and grow a successful bunker trading business.
  • It is also expected that the candidate has a nuanced understanding of the laws, legal documentation and various forms of contract that tend to typically govern bunker trade.
• As a Senior Bunker Trader, it is expected that you have an existing client base from your own personal relationships and you are to ensure continued patronage from both your customers and local suppliers.
  • Senior Bunker Traders with experience and expertise in the Gulf region will be prioritized. This includes exemplary personal relationships with suppliers located in Fujairah.
• A Senior Bunker Trader is expected to be well equipped with market knowledge regarding bunker pricing mechanisms and leading market research resources.
  • Sound understanding of key players (Ports / Suppliers / Owners / Charterers / Regulations) is required.
  • A keen interest in the Marine industry and an ability to carry out analysis and monitor demands around the world is highly favored.
• In its early days, the company will focus its efforts on creating long lasting relationships with prominent bunker suppliers and buyers in the industry. Cold canvassing and regular counterparty meetings will be an integral part of strategy. Candidates with exemplary interpersonal skills will be favored.
• The ability to pitch new ideas for growth based on ongoing market dynamics will be sought in candidates.
• As the role includes forming and leading a team, we are looking for a team player with strong ambition and self-drive to ensure success from his team.
• Daily duties will include relationship building with counterparties, operational and administrative oversight, active brokering / trading on behalf of clients ensuring optimum rates that benefit both the company and the client.
  • This includes processing of sales inquiries, preparation of quotations, sales confirmation and contract execution.
• An essential role of a bunker trader will also be to ensure that payments are processed on time. Following up on delayed payments will also be a crucial role of the aspiring candidate.
• In the event of any disagreements, the Bunker Trader will be expected to liaise, communicate, actively discuss and follow up on any outstanding payments with the counterparty while ensuring legal terms of the trade are met.
• As a team leader it will also be your responsibility to Ensure that KPI’s are achieved by your team (calls, litres, margins, duration, sales). To measure the same, the team’s performance will be measured and timely designated reports will be prepared to reflect the same.

Qualifications

• You will be required to have been educated to a high standard and hold a degree qualification or equivalent in Shipping.
• You are required to have had previous experience in a Bunker Trader position with an International Bunker Trading Company or a Physical Supplier. The minimum requirement for experience is between 7-10 years.
• As a Senior Bunker Trader you will be expected to have a high degree of organizational efficiency and be fully capable of maintaining a customer relationship management systems.
• You are required to have experience with hedging tools such as derivative paper trading.
• You are expected to possess excellent negotiation abilities.
• You’re are expected to have a nuanced understanding of the operational side of bunkering.
  • You will be expected to oversee that traded bunkers are successfully delivered to subject vessels.
• A Bunker Trader must be familiar with standard industry computer programs eg Microsoft Word, Excel, etc.
• The Candidate should be familiar with leading Computer Software and tools used for operations of a Bunker trading desk.

Click here to apply online on AEGIS Group careers website