Trading Manager

IFFCO - Cairo

111
Applicants for
1 open position
1
Seen
Experience Needed:
5 to 8 years
Career Level:
Manager
Job Type:
Full Time
Salary:
Confidential
Languages:
Arabic, English
Vacancies:
1 open position
About the Job
  • Execute trading game plan for IFFCO’s edible oils pipeline in Egypt in compliance with the company’s global trading team.
  • Create and maintain strong relationships with local crushers, refiners and merchants to ensure healthy margins for IFFCO’s traded volumes.
  • Evaluate & report changing local market conditions to Trading Manager and execute the sales game plan accordingly.
  • Assist in enriching the country’s respective supply & demand internal info for traded commodities to help the country’s market position as a profitable business.
  • Prepare and obtain approval of the Trading Plan from the GM and take full responsibility of executing the supply chain and trading activities for the business.
  • Ensure adherence to the volume and profit target to be achieved during the year in alignment with the trading plan.
  • Monitor alongside the Management Team the entire Supply chain including buying of oils, chartering of vessels, on-time loading and unloading and delivery to customers within Egypt.
  • Follow and coordinate with local execution team all process of executing the contracts and trucks/vessels, including nominations, specs, documentation, payment and all issues that may arise.
  • Determine appropriate value of commodity by working in partnership with logistics team to determine costs of transportation to guarantee successful execution of contracts at best possible price.
  • Monitor daily risk exposures including supply chain risks, customers credit risks, foreign exchange risks, counter-party management risks and devise strategies to safeguard the business assets.
  • Ensure that strong controls and safeguard mechanisms are in place to minimize operational losses.
Job Requirements
  • 5 - 8 years of related experience in a commodity trading setup in the edible oils industry
  • Fluent in Arabic & English, any additional language would be an asset.
  • In depth knowledge of the local edible oils market in Egypt.
  • Previous responsibility for trading book and positions.
  • Good commercial communication
  • Able to communicate well with different cultures/nationalities.
About this Company

IFFCO is a United Arab Emirates based innovative and integrated multi food products Group. With an established global presence, the Group offers a wide range of food products, related derivatives, intermediates and services.

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