Bunker Procurement Manager

Location: Singapore

Job Overview: As a Bunker Procurement Manager, you will be responsible for managing bunker purchasing activities, fostering supplier relationships, and optimizing business performance in the marine fuels sector. You will play a pivotal role in driving market growth, managing procurement, and staying updated on industry trends.

Key Responsibilities:

• Supplier Relationship Management: Develop and maintain strong relationships with suppliers in key ports across the region to ensure smooth procurement operations.
• Collaboration: Work closely with the Bunker Trading & Cargo division to align purchasing strategies with regional business objectives and enhance overall operational efficiency.
• Market Opportunities: Identify and pursue opportunities for back-to-back trading across bunkers, marine fuels (LSFO, MGO), lubricants, and other products to boost company profitability.
• Market Analysis: Prepare daily updates on global and regional bunker pricing, providing valuable market insights for internal and external stakeholders.
• Financial Management: Oversee account receivables and payments related to bunker transactions, ensuring all inquiries are addressed efficiently.
• Business Growth: Identify new business opportunities within the marine fuel sector to increase market share and revenue.
• Industry Knowledge: Stay informed about developments in alternative fuels, new technologies, and market trends to maintain a competitive edge.
• Fuel Alternatives Assessment: Collaborate with the Fleet Technical and Sustainability teams to evaluate future fuel alternatives and provide recommendations for sustainable solutions.
• Procurement Support: Support the daily procurement process, including consumption reporting and analysis of global bunker pricing trends to guide procurement strategies and risk management decisions.
• Additional Tasks: Undertake other responsibilities and projects as directed by the supervisor.

Required Experience and Skills:

• Experience: A minimum of 3 years in purchasing, trading, or a related role within the bunker or marine fuel industry.
• Supplier Relationship Expertise: Proven ability to build and maintain relationships with key suppliers and traders, particularly within the APAC region.
• Industry Knowledge: Solid understanding of operations, account management, and trading practices within the bunker and marine fuel sector.
• Business Portfolio Management: A demonstrated track record in successfully managing and expanding a business portfolio in the bunker industry.
• Educational Qualifications: A degree in business or a related field.
• Professional Experience: 4-6 years of relevant experience, including at least 3 years in bunker procurement, vessel operations, and data analysis.
• Technical Skills: Advanced proficiency in Excel is a must; familiarity with Tableau or similar business intelligence tools for data analysis is a plus.
• Personal Traits: Self-motivated, results-driven, and a problem-solver with a keen interest in improving processes and supporting effective decision-making.

This position offers an exciting opportunity to make an impact in the marine fuels industry while contributing to the growth and efficiency of the organization.

Faststream Recruitment Pte Ltd, EA Licence no: 09C3403