Bunker Procurement Manager

Faststream Recruitment Pte Ltd; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading company in the marine fuels industry is seeking a Bunker Procurement Manager. The role involves managing procurement activities, supplier relationships, and market analysis to drive business growth. Candidates should possess a degree in business and at least 3 years of experience in the bunker or marine fuel sector.

Qualifications

• Minimum 3 years in purchasing, trading, or related role in the bunker or marine fuel industry.
• Experience managing relationships with suppliers and traders in the APAC region.
• Strong understanding of operations and trading practices within the bunker sector.

Responsibilities

• Manage bunker purchasing activities and foster supplier relationships.
• Prepare daily updates on global and regional bunker pricing.
• Identify new business opportunities in the marine fuel sector.

Skills

Supplier Relationship Management

Market Analysis

Financial Management

Technical Skills (Excel)

Problem Solving

Education

Degree in business or a related field

Tools

Excel

Tableau

Job description

Location: Singapore

Job Overview: As a Bunker Procurement Manager, you will be responsible for managing bunker purchasing activities, fostering supplier relationships, and optimizing business performance in the marine fuels sector. You will play a pivotal role in driving market growth, managing procurement, and staying updated on industry trends.

Key Responsibilities:

• Supplier Relationship Management: Develop and maintain strong relationships with suppliers in key ports across the region to ensure smooth procurement operations.
• Collaboration: Work closely with the Bunker Trading & Cargo division to align purchasing strategies with regional business objectives and enhance overall operational efficiency.
• Market Opportunities: Identify and pursue opportunities for back-to-back trading across bunkers, marine fuels (LSFO, MGO), lubricants, and other products to boost company profitability.
• Market Analysis: Prepare daily updates on global and regional bunker pricing, providing valuable market insights for internal and external stakeholders.
• Financial Management: Oversee account receivables and payments related to bunker transactions, ensuring all inquiries are addressed efficiently.
• Business Growth: Identify new business opportunities within the marine fuel sector to increase market share and revenue.
• Industry Knowledge: Stay informed about developments in alternative fuels, new technologies, and market trends to maintain a competitive edge.
• Fuel Alternatives Assessment: Collaborate with the Fleet Technical and Sustainability teams to evaluate future fuel alternatives and provide recommendations for sustainable solutions.
• Procurement Support: Support the daily procurement process, including consumption reporting and analysis of global bunker pricing trends to guide procurement strategies and risk management decisions.
• Additional Tasks: Undertake other responsibilities and projects as directed by the supervisor.

Required Experience and Skills:

• Experience: A minimum of 3 years in purchasing, trading, or a related role within the bunker or marine fuel industry.
• Supplier Relationship Expertise: Proven ability to build and maintain relationships with key suppliers and traders, particularly within the APAC region.
• Industry Knowledge: Solid understanding of operations, account management, and trading practices within the bunker and marine fuel sector.
• Business Portfolio Management: A demonstrated track record in successfully managing and expanding a business portfolio in the bunker industry.
• Educational Qualifications: A degree in business or a related field.
• Professional Experience: 4-6 years of relevant experience, including at least 3 years in bunker procurement, vessel operations, and data analysis.
• Technical Skills: Advanced proficiency in Excel is a must; familiarity with Tableau or similar business intelligence tools for data analysis is a plus.
• Personal Traits: Self-motivated, results-driven, and a problem-solver with a keen interest in improving processes and supporting effective decision-making.

This position offers an exciting opportunity to make an impact in the marine fuels industry while contributing to the growth and efficiency of the organization.

Jan Enevold (EA Reg no: R22106593)
Faststream Recruitment Pte Ltd, EA Licence no: 09C3403