Technical Oils Trader

Job summary:

We are seeking a dynamic and experienced Technical Oils Trader to join our trading team. The successful candidate will be responsible for sourcing, negotiating, and trading various types of technical oils (HCO (Hydrogenated castor oil), 12-HAS flakes, HCO fatty acid, Ricinoleic acid, Bisamides, DCOFA, HCO Powder, 12-HAS powder, sebacic acid and of course castor oil itself) in both domestic and international markets. This individual will work closely with suppliers, customers, and internal stakeholders to manage market exposure, maximize profitability, and expand market share in this specialized segment.

Key Responsibilities:

• Market Research & Analysis:
  Conduct in-depth research and analysis of the global technical oils market, identifying key trends, supply-demand dynamics, and pricing movements.
• Trading & Negotiation:
  Execute buy and sell trades for technical oils with a focus on achieving optimal pricing and delivery terms. Negotiate contracts, establish long-term partnerships with suppliers, and close profitable deals with customers.
• Supplier & Customer Relationship Management:
  Build and maintain strong relationships with suppliers, refineries, and customers to ensure a steady and reliable flow of products. Engage in regular communication to understand their needs and provide tailored solutions.
• Risk Management:
  Manage trading risks, including price volatility and market fluctuations, through effective hedging strategies and risk mitigation techniques.
• Inventory & Supply Chain Management:
  Monitor stock levels, manage logistics, and ensure timely delivery of technical oils to customers. Coordinate with internal teams such as operations, logistics, and finance to ensure seamless execution of trades.
• Compliance & Documentation:
  Ensure all trading activities comply with relevant regulatory requirements, industry standards, and internal company policies. Maintain accurate records of contracts, trades, and financial documents.
• Reporting & Performance Analysis:
  Prepare regular reports on trading performance, profitability, and market trends. Evaluate trade outcomes and provide recommendations for improving future strategies.
• Business Development:
  Identify new business opportunities and markets for technical oils. Work on expanding the company’s product offerings and geographical footprint.

Qualifications:

• Bachelor's degree in Business, Finance, Economics, or a related field.
• Proven experience (3-5 years) in commodity trading, specifically in technical oils or similar sectors.
• Strong understanding of the technical oils market, including product specifications, supply chain dynamics, and trading platforms.
• Excellent negotiation, communication, and interpersonal skills.
• Analytical mindset with a keen eye for market trends and data-driven decision-making.
• Ability to manage risk, including exposure to market volatility.
• Proficient in using trading and market analysis tools.
• Fluent in English; additional language skills (depending on the target market) would be a plus.

Skills:

• In-depth knowledge of trading strategies and market analysis.
• Strong organizational and multitasking skills.
• Proficiency in Microsoft Office Suite (Excel, PowerPoint) and ERP systems.
• Financial acumen and understanding of cost-benefit analysis.

Preferred Qualifications:

• Experience in international markets and knowledge of customs regulations.
• Familiarity with technical oils applications across various industries such as automotive, manufacturing, and energy.

If you're a motivated trader with a passion for the technical oils market and a drive to succeed, we encourage you to apply!