Oil Trader Assistant

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

Job summary

NEWMARIS SHIPPING PTE. LTD. is seeking an experienced oil trader to manage day-to-day trading of oil products, biofuels, and carbon emissions, including blending, storage, and hedging via derivatives.

You will build relationships with counterparties across Southeast Asia, Europe, and the Americas, prepare reports, mentor junior team members, and contribute to procurement and sales contracts with strong English and Chinese communication.

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.
• Proficient in MS Office (Excel, Word, PowerPoint).
• Fluent in English for business communication and internal reports.
• Able to speak and write Chinese to work with Chinese-speaking colleagues and clients.

Responsibilities

• Oversee daily oil, biofuels trading, blending, and storage operations.
• Trade derivatives and futures to hedge physical positions.
• Negotiate and conclude spot and term transactions.
• Draft and negotiate procurement and sales contracts; compute costs.
• Prepare routine departmental and cross-departmental reports.
• Mentor junior traders, trading assistants, and analysts on methodology and culture.
• Carry out other duties assigned by leadership.

Skills

Oil trading

Chinese market knowledge

English fluency

Negotiation

Analytical skills

MS Office

Team player

Presentation skills

Interpersonal skills

Strategic mindset

Education

Bachelor's degree in International Trade

Tools

MS Office

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