LNG Freight Trader, UK

JERA Global Markets

  • United Kingdom
  • Permanent
  • Full-time
  • 1 month ago
Job Description:The role of LNG Freight Trader based in London is part of the global LNG Freight Trading team and the individual will report to the Team Lead, LNG Freight TraderBased in London with a focus on the Atlantic, but working as part of a global freight team and in conjunction with the Physical LNG team, the LNG Freight Trader will be jointly responsible for maximising the P&L of the LNG book through its interaction with the freight market. This will be through portfolio optimisation activity and from taking speculative views on the freight market through physical chartering and in developing JERAGM's access to emerging paper freight products.The individual will be responsible for managing a customer base with an emphasis on building direct links and chartering activity with that portfolio of customers. The individual will negotiate and execute deals in the LNG freight market in accordance with the internal policies and processes.The candidate will play a key role in ensuring best best in class execution while also developing internal relationships with all key stakeholders in the trading and analytics teams. The person will work in a collaborative and open working environment and must display the JERA Global Markets values of Collaboration, Ownership, Accountability and Trust.Key Role ResponsibilitiesJERA Global Markets manages a large global fleet of of over 20 owned and spot mid-term charters and will be responsible for driving further growth in this activityThe main tasks of this role will be :
  • be responsible for supporting the LNG trading & operations teams, providing timely market information on market trends, prices and sentiment.
  • As part of a global chartering team, develop the inhouse view on forward rates and propose trade ideas to capture value from this view
  • Demonstrate a commitment to JERAGM's compliance culture, ensuring that trading business complies with the company policies and authorities, and report any disfunction to the Team Leader.
  • Develop a deep understanding of the LNG trading portfolio, working closely with the trading and scheduling teams to optimise the schedule and increase value creation.
  • Manage long-term Time Charter Parties with the shareholders and other stake holders in the Atlantic zone.
  • Prepare weekly freight market reports, vessel open position list and opportunities list.
  • Mark forward freight curves and provide freight cost estimates for trading deal evaluation.
  • Participate to the quarterly JERAGMs chartering and shipping outlook presentations in order to assist developing the shipping strategy in support to the trading strategy.
  • Provide market access for the trading team, scheduling team and shareholders to help monetise trading strategies.
  • Identify opportunities, negotiate terms and execute spot / mid-term charters, working with internal functions to finalise Time Charter Party contracts.
  • Ensure chartering and marine assurance processes are followed, and all necessary approvals are in place prior to lifting subjects.
  • Record deals in dedicated tools and maintain internal reporting.
  • Work with the LNG freight operations teams to resolve contractual issues.
  • Network and build strong business relationships with commercial partners and other market participants whilst enforcing the JERAGM brand.
  • Function as a team player and foster a collaborative and open working environment across the LNG business and other functions of JERAGM.
  • Develop shipping carbon regulations knowledge and evaluate risk of new environmental constraints on Shipping.
  • Develop an understanding of FFA markets
Qualifications:
  • 5+ years of relevant chartering and freight market experience
  • Possess university degree or higher
  • Demonstrable track record of adding P&L to an LNG portfolio through chartering activity
  • Strong knowledge of the LNG freight market fundamentals and proven commercial awareness of LNG
  • Analytical and meticulous organisation skills with the ability to manage pressing priorities
  • Familiarity with shipping platforms (Platts, Sparks, Baltic)
Person Specification
  • Highly focused on bottom line profitability
  • Able to perform under time pressure
  • Good analytical capabilities
  • Confident with good interpersonal skills and able to work well in a diverse multinational global team environment
  • Able to manage client relationships and build trust
Role OpportunityThis role offers an excellent opportunity to develop LNG Shipping commercial skills within a growing and successful commodity trading business.About Us:About the CompanyJERA Global Markets (JERAGM) is a leading utility-backed seaborne energy trader. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading Ltd, JERAGM's shareholders are among the world's major utilities.JERAGM operates one of the most exciting energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. Its indepth knowledge and market insights enable us to capture trading opportunities, optimise portfolios, create value and enhance security of supply for our customers.Headquartered in Singapore, JERAGM has a global talent pool of more than 400 people across offices located in four strategic locations: Singapore, Japan (Tokyo), the UK (London) and the US (Houston).JERAGM is strongly capitalised with over US$500 million in paid up capital and a total equity of US$4 billion. JERAGM has an AA- Stable rating from R&I, attributable to a robust business model and solid financial base.

JERA Global Markets