Oil Trading, Shipping and Supply

Trade Accountant

Competitive

London

We are looking for a Trade Accountant to join a leading commodities trading house in Central London. You should be a self-starter and confident presenting to senior stakeholders and non-finance professionals The Trade Accounting Team sits within the Oil Division Accounting Department and is responsible for monthly trading financial statement close, income statement analysis, working capital reporting, and other ad-hoc projects. Key responsibilities will include: Trading P/L control and quarterly fair value review Inter-company reconciliations with Singapore and New York Monthly London P/L and Working Capital reporting for local trader Monthly Global desk level P/L and Working Capital analysis for Global Desk Heads Monthly desk commentaries and gross margin analysis preparation TVM rationalisation for Risk Managers and Traders Ad-hoc queries and projects Key Skills & Qualifications: Part Qualified Accounting Professional (ACA / CIMA/ ACCA) Educated to University level in an analytical subject Strong Excel knowledge, ideally able to use and understand complex Excel formulas Excellent written and verbal communication skills Confident presenting to senior stakeholders and non-finance professionals A self-starter, able to work without close supervision and be keen to carry through improvements wherever identified Flexible, should be able to multi task and efficiently prioritise tasks in response to demands and pressures from various different stakeholders. Experience of SAP, Bex, Analysis for Office, Word, PowerPoint would all be an advantage

Senior Oil Products Analyst

Competitive

London

We are looking for a Senior Oil & Products Analyst to join the Oil and Products Market Analytics team in an international trading house in Central London KEY RESPONSIBILITY AREAS Analyse crude oil and products market data, understand trends and provide regular assessments of in-house views of global commodity fundamentals and prices. Test and support the findings. Develop and maintain a flow of proactive information exchange with colleagues in the analytics team and the oil and products trading desks, providing support and analysis in real time Suggest trading strategies based on timely and accurate market analysis and reports. Propose and discuss market analysis models with internal customers, lead their development and maintenance, make sure they are technically sound and provide consistent results. Assist in determining and discussing with the internal customers key assumptions and methodologies in modelling the complex global Oil & Products markets. Define ways to improve tools to structure analysis, information provider selection, data gathering and management with the aim to optimise them in terms of quality, efficiency of results and costs. Write accurate and timely market analysis reports as requested by internal customers both on a regular and ad-hoc basis. In general, effectively communicate within the company the analysis results. Preparation of ad hoc material and presentations for management when required. CANDIDATE SPECIFICATIONS Preferably a degree in statistics, economics, finance, engineering Excellent knowledge of oil & products fundamentals and markets. Minimum 3 years of working experience of which at least 2-year experience in a fundamentals analytics role related to crude and/or refined products markets. Longer experience appreciated, also if in in other related roles like, but not limited to, other commodities analytics and/or trading assistant. Modelling experience (i.e. build and maintain complex refining models, develop queries, work with SQL, Python and Tableau). Innovative thinker, with strong analytical skills, ability to define problems, collect data, establish facts and draw valid conclusions. Proactive team working attitude with understanding and respect of roles A strong ability to remain focused while working under pressure, good time management. Being comfortable with working in a large company and in a trading environment with activities to be developed in real time. Ability to co-operate with colleagues across different locations. Willingness to learn and gain in depth knowledge on product markets and ability to work with them; constantly strive to improve the analytical ability of the team. Flexible – Capability to deal with challenging deadlines. Motivated, show commitment and dedication for the role. Fluent English required; ability to speak/write other languages appreciated

Supply Analyst - German Speaking

Competitive

London

We are currently looking for a German-speaking Supply Analyst to join the aviation team of a leading oil and energy business. This London-based role has a broad scope of responsibilities related to bulk fuel supply operations, logistics and scheduling of fuel and fuel-related services. You will also responsible for the day to day hedging of physical position. Advanced written and spoken German is essential, previous oil operations or supply chain experience would be advantageous. KEY DUTIES AND RESPONSIBILITIES: Inventory Management & Scheduling – actively manage and schedule the Company’s fuel inventories to ensure optimal inventory balances. Ensure correct and ratable scheduling of fuel deliveries into inventory, including interfacing with IntoPlane Agents, suppliers and service providers Pipeline Scheduling & Truck Dispatch – schedule and monitor both pipeline and truck deliveries into various inventory locations. Develop an optimal blend of supply based on current or new supply options Bulk Transaction Processing and Administration: ensure timely and accurate bulk transaction entry, verification and processing including payments and receivables Supply & Market Analytics – help perform on-going analysis of supply and demand patterns in inventory locations of responsibility to ensure optimal supply blend. Gain understanding of fuel supply and logistics options and pricing (ie. pipeline, truck, storage) and perform analysis related to the same Creation of weekly CXL haulage nominations for both Self Supply locations and GA locations Daily liaison with haulage companies and sites regarding missed loads/delivery issues, liaising with the operator for that location Development and analysis of quarterly KPIs for current haulage contracts to ensure they are meeting their contractual requirements BACKGROUND AND SKILLS: A desire to work within the field of supply chain management and the commodities industry is essential Strong English & German written and oral communication skills are essential Analytical ability and strong numerical skills are essential Strong Microsoft Excel skills are essential Strong problem solving skills are essential Being a strong team player with excellent interpersonal skills is important Fluent additional language speaking and writing skills are desirable Knowledge of hedging and price risk management process is desirable Supply chain management experience, gained within an oil provider, is desirable but not essential

Operator

Competitive

London

Are you a recent graduate looking to start your career in oil trading? We have an opportunity with an international oil trading business who are looking for a Junior Oil Operator in London. You will be responsible for supporting the trading team in all trading activities including logistic and administrative support as required. Previous experience in the oil industry would be a distinct advantage. Responsibilities will include but not limited to; Supporting trading team on market intelligence Providing logistical and administrative support Liaising with internal departments with regards to letters of credit Liaising with overseas offices Preparation and checking of cargo operation documents for shipments Experience and Qualifications Required Minimum Bachelor Degree in Engineering, Science, Economics, Logistics or Business Management or equivalent 1 – 3 years of relevant experience in crude oil / petroleum product industry Relevant knowledge and experience in trading house will be an advantage Proficient in Microsoft Office skills Possess strong organizational skills, able to multi-task and work under pressure Meticulous and attentive to details Fast learner and be able to work independently as well as a team player Fresh graduates are welcome Salary; Competitive For further information please contact Jas Chahal jas@elevenrecruitment.com or Peter Morgan peter@elevenrecruitment.com on 01565 626 767

Bio Fuel Operator

Competitive

London

This fully integrated oil company based in London is currently looking to hire an experienced Biofuels Operator. Oil Operators manage the logistics of a deal to the company’s best commercial advantage, ensuring that all contractual and group assurance obligations are met. Trading Operators also have a key role to play in ensuring that the front to back process runs smoothly and that valuable data and information is collected, entered and forwarded in a timely manner. Key Responsibilities Co-ordinating operations from trade inception to completion relating to products. Requires frequent afterhours and weekend work to complete operational tasks. Work closely with traders, refinery scheduling, and planning teams. Work independently in handling varied and complex operational issues. Obtain clean acceptance of vessels in a timely manner. Issue voyage orders to shipping/counter-parties and monitor progress of vessel, informing trading of any slippage or speed-ups in a timely manner. Appoint approved inspectors as required. Ensure cargo loading and discharging adhere to any credit or L/C requirements. Check all calculations relating to the trade (freight, demurrage, product, inspectors, cargo superintendents, gains/losses, insurance and additives). Minimize profit leakage. Make or assist in claims where necessary. Establishing and maintaining good and professional working relationships with internal and external counterparties. Maintain accurate records of each cargo including prompt and accurate filing. Maintain excellent HSE standards. Adhere to company policies and procedures. Ensure compliance with all operational processes. For more information, please contact Peter Morgan

General Manager

Between £40k to £50k + Benefits

East Midlands

Are you an experienced General Manager / Depot Manager looking for a fresh challenge in the fuels sector? Based around the Lincolnshire / Peterborough area, you would be instrumental in establishing and growing a new depot with responsibility for all areas of the operation including distribution and sales. Our client is part of a large, independent fuel wholesaler group with national coverage across the UK. This role requires a proven leader who can not only build but support and motivate a team whilst driving the business forward. It is essential that you have previous experience of working in a Senior Managerial position having held profit and loss and budget responsibilities. KEY SKILLS & ATTRIBUTES Ideally you will have experience as a depot and / or business development manager in the fuels sector and an understanding of the operational requirements for a wet depot You will be an extremely hard working and driven individual who is confident and enthusiastic with excellent communication skills at all levels Proven management and leadership skills with the ability to build and maintain effective and productive relationships with your team You will be able to demonstrate business development skills by meeting / exceeding challenging sales objectives, acquiring new accounts across a variety of sectors Excellent negotiation skills with the ability to influence, communicate and work with appropriate networks A good knowledge of the downstream oil industry to include stock management and operational activities Excellent numeracy and literacy skills REMUNERATION Salary range between £40,000 and £50,000 depending on experience, bonus package, pension, fully expensed Company Car, laptop, phone etc. IN ADDITION This position offers a genuine career opportunity within a reputable and highly regarded long standing business

Business Development Manager

Up to £70k + Benefits

Surrey

Do you have a proven track record in aviation fuels sales and are you ready for a career with an award winning, global brand? Operating in over 100 countries across the fuel, lubricants and aviation sectors, our client is looking for a Business Development Manager for its Aviation specialist team. The role will be exclusively focused on New Business Development, expanding jet fuel performance across a global market. Having built its reputation in the marketplace on providing a comprehensive support package which underpins its operation, oru client is looking to realise its exciting growth strategy. The company's product ethos has been to ensure that all products are delivered safely, on time and at competitive prices and through applying this philosophy they seek to expand their relationships in the global aviation market. KEY RESPONSIBILITIES INCLUDE: Pro actively support the implementation of a 5 year business plan through new business development Developing a regional strategy to extend business opportunities within the jet fuel sector To take responsibility for allocated areas, as agreed with line manager Identify new airport developments and market entry Monitoring existing business portfolio Reviewing new business proposals and delivering full project analysis Work strategically to support the growth plans of the team by measuring progress against targets, addressing problem areas, and supporting and coordinating where necessary Look to extend airport supplied locations by identifying suitable prospect airports and developing a competitive route to provide sales opportunities on airport KEY/SKILLS ATTRIBUTES: Degree level as minimum (essential) Significant senior commercial experience in Aviation business ideally at least 5 years (preferred) At least one fluent second language (preferred) Exceptional relationship building skills Proven experience of working across different cultural work styles REMUNERATION Strong basic salary up to £70,000, a bonus of up to 10% , £7000 car allowance and company benefits For Full details please contact Emma Bloomfield on 01565 626 754 or apply to emma@elevenrecruitment.com Eleven Recruitment has been recruiting within the lubricants and additives sector since 1999. We work with major oil companies, lubricant, additives and chemical manufacturers and independent blenders. We specialise in the recruitment of R&D, manufacturing, formulation, sales and marketing, operations, commercial, technical and engineering professionals across the UK and Europe. Eleven Recruitment is acting as an Employment Agency in relation to this vacancy. The recruiter has stated that all applicants for this job should be able to prove they are legally entitled to work in the UK.

Senior Risk Analyst – Market Risk Analytics

Competitive

London

We have an opportunity for a Senior Risk Analyst to join the Market Risk Analytics team of a leading oil and gas trading company based in Central London. Excelling in this role could lead to a range of interesting and challenging career options in the trading and shipping business. The Market Risk Analytics team provides real-time front-line control and management information for management and traders, integrating the daily PNL & risk reporting that is produced to across the business to provide an overarching risk management view. The team seeks to improve and centralise Risk Management within the business through the implementation of a robust framework and transformative IT projects. The role also involves driving projects to improve the ETRM systems and the use of the data that is produced through every stage of the trade life cycle. KEY RESPONSIBILITIES Leading projects to help improve our performance of all market risk functions including: Analysis of positions and understanding of how they fit within the firms risk framework. Positions may be both physical as well as financial VaR calculation and analysis, ensure that the VaR metric is both complete and accurately reflects the risk of the desks P&L explains, Analysis of the P&L to help explain it in terms of the greeks as well as by asset including spread assets Stress, Analysis and calculation of stress on an aggregate level as well as specific strategy level ensuring that the figure is accurate and has the support of FO as well as MO Lead ongoing projects (IT and other) in market risk team. These projects can be cross asset class and either designed to improve architecture, efficiency or risk metrics. Significant interaction within the market risk team will be necessary Interface with IT to develop and manage all reporting activities within the company dedicated ETRM system Preparation and review of daily PNL and risk reports and follow up any issues with relevant teams Participation in enhancement and development of in ETRM systems Maintaining a good knowledge of risk metrics, be able to understand and discuss with the other risk managers VaR, Stress and greeks so as to be able to assist in commentary and development Developing and maintaining strong business relationship with different functions, e.g FO, BO, IT, Planning & Control Setting and monitoring adherence to risk limits for the trading desks Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests SKILLS AND EXPERIENCE University degree in economics, finance / engineering / numerate discipline Strong IT skills: VBA necessary, SQL, Python or other languages also beneficial Experience of driving change through successful IT projects Knowledge of the market risk/ product control role from trading companies or banks Knowledge of risk metrics such as VaR, stress testing, scenario analysis Knowledge of one or more of ETRM systems would be an advantage (Endur, Symphony by Amphora) Ability to communicate concisely to senior management in Market Risk and to stakeholders Highly organised, good attention to detail and ability to work with tight deadlines Analytical mind and good numerical skills Proactive and result oriented approach to work Strong communication and interpersonal skills Ability to build and nurture effective relationships internally and externally Ability to mentor junior members and raise profile of the team Full command of English language (spoken and written)

Biofuels Originator

Singapore

We are looking for an experienced Biofuels Originator to join an international oil and gas company based in Singapore. You will be both analytical and strategic, with an ability to build and nurture effective relationships internally and externally. Your role will primarily be focused on the origination of feedstocks and developing supply chains in the APAC region. The Role The job holder will primarily be focused on the scouting and sourcing and trading of feed stocks, in particular advanced feed stocks in Asia Will support the development of both a short and long term Asian feedstock strategies and the development of a structured pipeline of bio feedstock sourcing within the overall Biofuel strategy Develop and maintain long term relationships with feedstock suppliers in the Asia region Form a close working relationship with London Biofuel and supply team in order to identify current and future feedstock requirements and establish a clear and cooperative two-way communication flow Develop strong feedstock optimization opportunities between different feed stocks Develop the feedstock supply chain and pre-treatment options in order to enable the physical delivery Reporting Relationships This position hierarchically reports to the Head of Biofuels Trading and functionally to the Branch Manager in Singapore and has the following interfaces: Internal – front office, shipping, legal, back office and middle office units on a daily basis; External – counterparties, terminals, etc. Skills and Experience A strong background 10+ years either in biofuels / specialty commodities or have a demonstrated strong track record in managing complex projects that requires the ability to manage multiple stakeholders both internal and external Understanding of product quality constraints within production assets and pre-treatment options for waste and veg oil feed stocks and experience in freight economics, storage logistics, and feedstock supply chains is key Extensive knowledge of the global regulatory environment for feed stocks and biofuels is important Strong academic credentials with a numeracy-oriented specialization Solid knowledge of the subject and relevant experience in trading environment are compulsory Analytical mind, strategic thinking and practical problem solving Awareness of Credit Recovery, Procedures, Compliance Policy Excellent communication skills Ability to build and nurture effective relationships internally and externally Strong team player, who is able to work with limited supervision and lead the activities Experience in working in a global and international organization Flexibility and adaptability to work in rapidly changing environment, be self-disciplined and stress resilient Full command of English language (written and spoken). Knowledge of other languages will be beneficial Working knowledge of Microsoft Suite Fluency in Mandarin would be a plus

Biofuels Trader

Competitive

Brussels

We are looking for a Biofuels Trader for a Brussels-based major fully integrated oil company. Each trader works as part of a small team, negotiating purchases and sales of products in the highly dynamic and challenging global oil market. This commercial role is responsible for the development and delivery of products trading strategies with end-to-end ownership of all deals. Responsibilities Market Analysis – Every day the trader is required to demonstrate a deep understanding of the complex markets that they are trading in - both to align the internal organization behind any strategy and to be able to negotiate effectively. Communication; Briefing, Persuading / Influencing and Aligning– trader will provide a market brief to the teams they are interacting with to align on a trading strategy to maximize value capture Counter Party Relationship Building - an essential part of the role that the trader is able to build strong relationships with other 3rd party traders enabling effective negotiation with parties coming from a wide range of countries and cultures. Analysis – the trader will be required to analyze each specific product market, including competitors’ assessments leveraging a reasonable level of understanding of the economics of downstream refining and logistics. Negotiation – negotiations with a variety of 3rd parties, while relatively short in duration, are complex and challenging, requiring a strong attention to detail. The traders are active in the market every day, typically concluding several deals per week - each deal having a value of several milion usd. Contract Administration – The traders work with support contract administration staff to ensure that all trades are effectively documented and controlled. Medium / Long Term Business Development Minimum Qualifications Masters degree in Science, Technology, Engineering, Finance or Mathematics from a recognized university. Minimum of 10 years work experience in distillate trading, mainly in European markets. Experience on both physical and derivatives market. Fluency in English is essential Knowledge, Skills, and Abilities Drive for results – high energy focused on leveraging value from opportunities Sound judgement and business acumen – Adept at identifying and exploiting business opportunities in a complex and dynamic environment. Has a high level of numeracy. Always behaves in an ethical, trustworthy manner and flawlessly delivers appropriate internal controls Communication skills – Delivers clear and concise messages. Uses effective questioning and listening skills. Effectively engages with team and broader organization. Persuades and influences to gain alignment Negotiation – has highly developed negotiation skills Relationship Development – builds effective relationships and collaborates well. Multi-cultural awareness is essential.

Product Control Analyst (Oil)

Competitive

London

A leading Oil Trading company in Central London is looking for a Product Control Analyst. JOB RESPONSIBILITIES Review, monitor and check daily physical and paper transactions have been executed and reported correctly, and are within Trading Delegations of Authority. Responsible for ensuring that the position, P&L reporting and commentary including trading costs (accrual, provisions and actuals), are meaningful, transparent and timely, for the assigned business area within the Oil BUs; Attributing and communicating in a meaningful way. Daily interaction with relevant trading team and other front/middle office departments to support business risk management requirements. Provide regular commentary on book performance and strategy, showing clear understanding and control to a variety of audiences. Provide insightful management information and analysis as required and to proactively seek to support wider business stakeholders and needs. Support and act as an escalation point for Oil Trading DoA and limit breaches; Responsible for weekly/monthly/quarterly controls and input into close processes as required for designated business area. Ensure integrity of data through the implementation of suitable controls, and regular review and management of data sources. Responsible for setup of controls for new business initiatives, ongoing maintenance, and development and improvement thereafter as required; Responsible for communicating and escalating the development and maintenance requirements of infrastructure in support of business growth; Support the wider team by utilising cross cover capabilities for other team members and to support overall team flexibility. Responsible for calculation/maintenance of fair value adjustments (FVAs); QUALIFICATION REQUIREMENTS Education - Degree level education, preferably in Business/Finance/Banking/Mathematics/Statistics/Engineering or with appropriate Business experience Qualifications - Additional job related professional qualifications an advantage Professional Background - Commodities Product Control and/or Market Risk or Trading Other Requirements: Very strong understanding of Oil trading and risk management in the context of physical oil products. Experience in biofuels would be an advantage; Strong Communication skills - ability to interact with a variety of departments and tiers. Experience of market risk techniques and procedures an advantage; Commercially aware Team player and able to operate under tight deadlines Track record of improving (or devising and implementing) controls and procedures; Skill in VBA and experience of Symphony an advantage Experience of managing or supporting significant business growth; Project management experience; Able to take, and maintain, an independent approach and challenge where appropriate.

Junior Oil Operator

Competitive

London

Are you a recent graduate looking to start your career in oil trading? We have an opportunity with an international oil trading business which is looking for a Junior Oil Operator in London. You will be responsible for supporting the trading team in all trading activities including logistic and administrative support as required. Previous experience in the oil industry would be a distinct advantage. Responsibilities will include but not limited to Supporting trading team on market intelligence Providing logistical and administrative support Liaising with internal departments with regards to letters of credit Liaising with overseas offices Preparation and checking of cargo operation documents for shipments Experience and Qualifications Required Minimum Bachelor Degree in Engineering, Science, Economics, Logistics or Business Management or equivalent 1 – 3 years of relevant experience in crude oil / petroleum product industry Relevant knowledge and experience in trading house will be an advantage Proficient in Microsoft Office skills Possess strong organizational skills, able to multi-task and work under pressure Meticulous and attentive to details Fast learner and be able to work independently as well as a team player Fresh graduates are welcome Salary Competitive For further information please contact Jo Lubbock jo@elevenrecruitment.com or Peter Morgan peter@elevenrecruitment.com on 01565 626 767

Tanker Charterer - CPP

Competitive

London

A well known Oil Trading Company in London is currently looking to hire an experienced Clean Tanker Charterer to support their Products Trading business. This is an excellent opportunity for an experienced CPP Charterer / Freight Trader who would like join an established and busy trading environment. Responsibilities: Accountable for the smooth and timely flow of third party clean petroleum products (CPP) market intelligence to the group Develop the chartering strategy with the global shipping team Attend weekly trading and team meetings to share shipping market movements/market intelligence Constantly communicate with global shipping teams to share the CPP market movements/market intelligence in west of Suez market Maintain a daily shipping report that is posted to other regional offices to ensure everyone is updated on London shipping activity. Coordinate and liaise with other offices to ensure any and all policies that are implemented are incorporated and adhered to by the London Shipping Department. Continually look for and identify attractively priced shipping opportunities Build and maintain direct relationships with internal global colleagues and charterer’s brokers with the target of providing unique commercial opportunities. Work with business development teams providing shipping intelligence in the execution of new business plans. Support and assist other chartering team members during busy periods e.g. covering for spot cargoes. Other ad hoc duties as may be required from time to time Experience Required: Minimum of 5+ years CPP chartering experience from either a ship owner background, oil major or trading house, with experience in CPP essential Strong networks with ship owners Strong knowledge/understanding of marine operations, marine logistic systems, markets and related economics Detailed understanding of spot charter counterparty terms, practices and procedures Strong analytical and commercial capacity with solid market analysis capability Broad understanding of commodity markets and global marine freight business processes required

Loss Control Manager

Competitive

London

Our London based client, a refining and trading business is looking for a Loss Control Manager to add marine tanker expertise to the already established loss control team. You will be required to deliver operational loss control assistance to the trading and shipping desk with key responsibilities as follows . Identifies, plans and executes loss control policy and procedures to traders, oil and shipping operations and terminals relating to the carriage of petroleum cargos, including 3rd party storage If required, attends load and discharge ports, STS locations to co-ordinate and execute loss control policy and procedures on behalf of the company Assists with blending and co-mingling of cargoes to specification as required; (e.g. VLCC Fuel Oil cargoes), stowage plans, COW, FSU operations etc Maintains accurate and detailed records of all cargo sales and purchases with regards to loss control, providing data on demand Assists in the submission of cargo claims for shortages, contamination etc. to counterparties and/or insurers Assists in the defence of claims for shortages and/or contamination If you have proven experience in this environment , as well as either a former mariner or industry loss control profession then this is an ideal opportunity to take your career to the next level.

Oil Operator

Competitive

Switzerland

This well known Oil Trading Company is looking to hire an additional Oil Products Operator to join their trading office in Geneva. The ideal candidate will have 1 – 3 years oil operations experience in a similar trading environment. Crude oil or refined products experience will be considered. Key responsibilities • Cargo and shipping operations (appointment of inspectors, vessel clearance, nomination, discharge orders, documentary instructions, etc.) • Data entry, update and reconciling transactions in Trading System. • Monitor and report on stock levels and provide updated information to Traders. • Review and issuance of contracts / amendments, invoices and LCs. • Identify potential problems, present alternatives and propose solutions. • Communicate efficiently with business partners, team members and Management • Provide timely and accurate information to both external and internal customers • Insurance certificates, customs declarations and cargo documentation. For more information, please contact Peter Morgan.