Crude Oil Specialist
1 day ago
About Insight
Insight is a leading Global Trading Company specializing in crude physical operations.
We are seeking a dedicated and detail-oriented Junior Oil Operator to join our team based in London.
- This position involves daily collaboration with Operations teams in London and Beijing, as well as building effective relationships with Traders in London.
Key Responsibilities:
- Maintain and regularly update an organized filing system for crude physical operations, ensuring seamless task handover.
- Review purchase contracts and provide comments to the Contract Analyst.
- Counter sales contracts and manage negotiations with buyers.
- Oversee vessel nominations, supplier and buyer approvals, documentation instructions, and inspection company appointments. Apply insurance when required and coordinate invoices to finalize price calculations with suppliers.
- Liaise with teams including Trading, Shipping, Trade Finance, Cargo Control, and Demurrage Claims.
- Optimize trading desk costs, manage vessel berthing operations, and maximize profitability on profit and loss (P&L) statements.
- Monitor outstanding receivable claims related to cargoes and ensure timely follow-ups.
- Track vessel movements, identify quantity losses or quality issues, and assist Cargo Control in filing claims against suppliers or owners.
- Update traders on Bill of Lading (B/L) dates and quantities for all hedged cargoes.
- Input accurate and timely data into the trading system (ERP).
- Adhere to operational procedures and deadlines.
- Issue invoices for physical cargo-related costs, notify Treasury, and follow up on payments as required.
- Support additional tasks as assigned by the company based on business needs.
Salary and Benefits:
The estimated salary for this position is £46,000 plus bonus and benefits.
Requirements:
- Bachelor's degree or equivalent qualification.
- Eligibility to work in the UK.
Skills Required:
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
- Exceptional written and verbal communication skills.
- Knowledge of commodities is essential.
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