Senior Commercial Trader (Edible Oil Manufacturing)

SUMMARY:
Our client in the Manufacturing/FMCG industry is urgently looking to employ a Senior Commercial Trader at their organization

POSITION INFO:
Location:Mobeni, Durban

Job Description:
As a Senior Commercial Trader in the edible oil manufacturing industry, you will be responsible for managing the trading activities related to edible oil products. You will play a vital role in executing trading strategies, securing supply contracts, managing inventory levels, and optimizing profitability.

Requirements:

• Bachelor's degree in finance, economics, business administration, or a related field. Advanced degrees or certifications in finance or commodity trading are a plus.
• Must have proven experience in commodity trading, preferably within the edible oil or agricultural commodities industry.
• Knowledge of risk management techniques and financial instruments used in commodity trading.
• Must be familiar with trading platforms, order management systems, and market analysis tools
• This position requires expertise in commodity trading, market analysis, and a strong understanding of the edible oil industry.
• Proficiency in using spreadsheets and financial software for data analysis and reporting
• Must have an understanding of relevant regulations, trade laws, and compliance requirements in the commodity trading industry

• Execute trading activities by buying and selling edible oil products based on market conditions and company strategies.
• Negotiate and secure supply contracts with suppliers and customers, ensuring favourable terms and conditions.
• Monitor contract performance and resolve any disputes that may arise.

• Conduct thorough market research and analysis to identify trends, price fluctuations, and supply-demand dynamics in the edible oil industry.
• Stay informed about global market conditions, regulatory changes, and competitor activities that may impact trading decisions.

• Develop and implement risk management strategies to mitigate exposure to price volatility, supply disruptions, and currency fluctuations.
• Monitor market indicators and establish hedging mechanisms to protect against market risks.
• Implement appropriate risk management tools and instruments, such as futures contracts and options.

• Monitor and manage inventory levels of edible oil products, ensuring optimal stock levels to meet customer demands while minimizing storage costs and obsolescence.
• Coordinate with production, logistics, and warehousing teams to ensure smooth flow of goods and timely deliveries.

• Build and maintain strong relationships with suppliers, customers, brokers, and other trading partners in the industry.
• Negotiate favourable terms and conditions for contracts and establish mutually beneficial partnerships.
• Collaborate with internal stakeholders, such as sales, operations, and finance teams, to align trading activities with business objectives.

• Ensure compliance with relevant industry regulations, trade laws, and internal policies.
• Maintain accurate and up-to-date documentation related to trading activities, contracts, invoices, and financial transactions.

• Generate reports and provide regular updates on trading activities, including volume, pricing, profitability, and market trends.
• Analyse trading performance, identify areas for improvement, and propose strategies to optimize profitability and operational efficiency.