Job Description

##### DEPARTMENT/TEAM: Supply & Trading


##### LOCATION: Dubai


##### SUMMARY


We are seeking a candidate with previous experience in Physical Trading, ideally within the Residual and Distillate Fuels scope of products.


WHAT YOU'LL DO:



Engage in the procurement of marine fuels, blending components and associated products to

maintain a competitive supply in Peninsula's regional physical ports, maximizing the value of the

company's assets and shorts, where quality and risk awareness are paramount, by fostering

profitable and longstanding relationships with a portfolio of counterparties, including major oil

companies, refiners and trading houses globally.



MAIN RESPONSIBILITIES

• Maintain, establish and build relationships with new and existing suppliers;
• Procure Marine Fuels and their blending components to maintain a competitive supply into the


regional physical ports;

• Openly communicate with other cargo traders internally to maximise the flow of market and


arbitrage opportunities globally;

• Understand, analyse and interpret market conditions, fundamentals, geopolitics, market


structure plays and other sources of information in order to have a view that better positions

Peninsula's supply;

• Coordinate supply and blending with local Operations teams
• Coordinate with Chartering to maximize value of Peninsula's shipping assets
• Coordinate with Regional Book Manager and Hedging Desk in order to both mitigate pricing risk


and to maximize value of supply within the Risk Management framework;

• Coordinate with line manager and Regional Head to define and implement medium / long term


procurement strategies;

• Participate in both internal and external marketing activities when required;
• Use MINT and local market intelligence to understand competitors and suppliers flows of


supply;

• Proactively control risks ensuring that all counterparties are vetted and approved, cost of


claims are minimized, and counterparty financial strength is regularly and carefully considered

in conjunction with the Supplier Credit Team



KNOWLEDGE, SKILLS AND EXPERIENCE



Essential

• Business level of English language essential
• Confident individual with excellent verbal and written communication skills.
• Persuasive and influential by nature, a highly effective negotiator able to 'think on your feet'
• High level of ownership and accountability.
• Knowledge of residual and distillate fuel pools as well as feedstocks, understanding their


uses as well as key parameters, and their testing procedures, involved in blending them.

• Knowledge of ISO 8210 specifications.
• Ability to swiftly express key information to facilitate line manager / Regional Head decision


making

• High level of commercial acumen, able to think analytically and strategically and understand


the wider business context

• Able to work collaboratively as part of a team and towards shared goals but equally able to


work independently with a minimal level of supervision

• Ambitious, self-motivated and demonstrating a willingness to continually develop own


knowledge and skills

• High level of computer literacy including proficiency of MS Office package and able to work


with CRM systems

Desirable

• Knowledge of other languages is desirable

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