Job Description

Our client is looking for a Senior Commercial Trader in Durban South.

Duties (included but not limited to):

• Risk Management:

• 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.
• Inventory Management:

• 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.
• Relationship Management:

• 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.
• Compliance and Documentation:

• 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.
• Reporting and Analysis:

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

• 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.
• Market Research and Analysis:

• 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.

• Bachelor's degree in finance, economics, business administration, or a related field. Advanced degrees or certifications in finance or commodity trading are a plus.
• Proven experience in commodity trading, preferably within the edible oil or agricultural commodities industry.
• Strong analytical skills and ability to interpret market data and trends.
• Knowledge of risk management techniques and financial instruments used in commodity trading.
• Familiarity with trading platforms, order management systems, and market analysis tools.
• Excellent negotiation, communication, and interpersonal skills.
• Ability to work under pressure and make sound decisions in a fast-paced trading environment.
• Proficiency in using spreadsheets and financial software for data analysis and reporting.
• Understanding of relevant regulations, trade laws, and compliance requirements in the commodity trading industry.

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