Summary
• A Bunkering Commercial and Trading Operations Manager role supporting traders’ deal execution through effective operational and credit risk management for bunker trading transactions.
• Management of a company-level commercial counterparty framework for bunkering clients, including points of contact, KYC reviews, and ongoing credit and exposure monitoring.
• Contribution to business stability and scalability through the evaluation and execution of new businesses and new trading opportunities.
• Execution of sales and purchase operations for low sulphur Marine Gas Oil (MGO) sourced from HD Hyundai Oilbank.
• Review and management of counterparty-specific General Terms and Conditions (GTCs) and commercial terms.
Job Description
1. Revenue and Risk Management Support
• Support the preparation of weekly sales and trading activity reports.
• Report and monitor credit and collection-related issues.
• Review and assess pricing transparency and commercial soundness of sales and purchase transactions by counterparty.
• Prepare and internally share risk mitigation materials in response to heightened market volatility.
2. Credit Management & Approval Coordination
• Continuously monitor and manage customer-specific credit limits and utilisation.
• Support the review of credit terms and risk analysis for new transactions, additional volumes, and changes in deal structures.
• Draft and prepare Credit Proposals and Approval Memos related to transaction-level credit approvals.
• Act as an operational liaison between Headquarters (HQ) and branch CFOs during the credit approval process.
• Operate internal credit approval processes and maintain approval records.
• Manage credit insurance operations, including insurer communications and limit amendments.
• Monitor compliance with credit insurance requirements and maintain related documentation.
• In cases of overdue receivables, limit breaches, or emerging risk indicators, support proactive risk mitigation in collaboration with traders and finance teams.
3. Management of HD Hyundai Oilbank (HDO) Supply Volumes
• Coordinate volume negotiations and commercial terms with counterparties.
• Provide pre-deal reporting on deal structures, volume terms, and pricing benchmarks.
• Manage and communicate changes to volume terms or deal structures.
• Monitor and manage inventory levels and allocation of supply volumes.
• Track volumes in line with loading, transfer, and delivery schedules.
4. Ex-Wharf Trading and Counterparty Operations Management
• Manage Ex-Wharf transactions based on volumes procured from HD Hyundai Oilbank.
• Manage commercial terms with counterparties such as SIRIUS and IMPEX.
• Analyse volume flows, inventory impact, and P/L structures for Ex-Wharf deals.
• Prepare analysis materials on inventory and P/L impact by transaction.
5. Internal Approvals, Deal Structuring, and New Business Support
• Prepare Risk Drafts and Deal Summaries for new or structured transactions.
• Manage internal approval processes and maintain approval histories.
• Track end-to-end transaction processes from approval through execution.
6. Transaction Documentation Management
• Manage company-level continuity of counterparty records and transaction assets.
• Systematically manage contracts, deal sheets, and approval documents.
• Respond to documentation and data requests for audits, HQ reporting, and management.
7. Trader and Business Support Functions
• Provide ad-hoc transaction analysis and operational support to traders.
• Proactively manage operational risks across the transaction lifecycle.
• Propose process improvement initiatives related to Sleeving, Ex-Wharf, and new business activities.
8. New Business Development and Revenue Management
• Review the feasibility, profitability, and risk profile of new transaction structures and new business ideas.
• Design and execute hands-on, operational-level development work to ensure ideas translate into actual deal execution and revenue generation.
• Analyse execution results and provide feedback on scalability and potential for broader application going forward.