Oil Trader Assistant

NEWMARIS SHIPPING PTE. LTD.; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

NEWMARIS SHIPPING PTE. LTD. in Singapore invites a trader with at least 2 years oil trading experience to join our on-site team.

You will handle day-to-day oil products trading, blending, storage, and related operations, and trade derivatives and futures to hedge physical positions. You will monitor market movements, build counterparty relationships across Southeast Asia, Africa, Europe, and the Americas, prepare routine reports, mentor junior staff, and contribute to procurement and sales

Qualifications

• Bachelor's degree in International Trade or related field.
• At least 2 years of oil trading experience.
• Good knowledge of Chinese domestic production and trading of oil products and biofuels.
• Fluent in English for business communication and report writing; able to work with Chinese-speaking colleagues and clients.

Responsibilities

• Handle day-to-day activities for oil products, biofuels, and carbon emissions trading, including blending, storage, and related operations.
• Trade derivatives and futures to hedge physical positions.
• Negotiate and conclude spot and term transactions.
• Take part in drafting and negotiating procurement and sales contracts, calculate procurement costs, and ensure trades are executed properly.
• Track global petroleum market movements and share insights to build understanding of product fundamentals.
• Build and maintain relationships with new and existing counterparties through regular visits and daily communication.
• Prepare routine departmental and cross-departmental reports.
• Mentor junior traders, trading assistants, and analysts on methodology and company culture.

Skills

Negotiation skills

Analytical skills

Strategic mindset

Communication skills

Presentation skills

Interpersonal skills

English proficiency

Education

Bachelor's degree in International Trade

Tools

Excel

Word

PowerPoint

Job description

Location: Singapore

Type: Full-time, on-site

Key responsibilities

Trading and operations

• Handle day-to-day activities for oil products, biofuels, and carbon emissions trading, including blending, storage, and related operations
• Trade derivatives and futures to hedge physical positions
• Negotiate and conclude spot and term transactions
• Take part in drafting and negotiating procurement and sales contracts, calculate procurement costs, and ensure trades are executed properly

Market and business development

• Track global petroleum market movements and share insights internally to build understanding of product fundamentals
• Monitor import/export arbitrage economics, particularly for China
• Build and maintain relationships with new and existing counterparties through regular visits and daily communication
• Drive sales growth with prospective customers in Southeast Asia, Africa, Europe, and the Americas

Reporting and team

• Prepare routine departmental and cross-departmental reports
• Help management mentor junior traders, trading assistants, and analysts on methodology and company culture
• Carry out other duties assigned by the Managing Director, Deputy Managing Director, and General Manager

Requirements

• Bachelor's degree in International Trade or a related field
• At least 2 years of oil trading experience;
• Good knowledge of Chinese domestic production and trading of oil products and biofuels
• Proficient in MS Office (Excel, Word, PowerPoint)
• Fluent in English for business communication, contract negotiation, market analysis, and internal reports
• Able to speak and write Chinese to work with Chinese-speaking colleagues and clients, and to prepare weekly and monthly analysis reports
• Strong negotiation and analytical skills with a strategic mindset
• Good communication, presentation, and interpersonal skills
• Team player who is entrepreneurial, open-minded, and eager to learn