Commodity Trader job description

About the job

We are looking for a commodity trader to buy and sell goods such as staple foods, metals or building materials, tracking world and local prices and negotiating with suppliers and buyers to close profitable deals with controlled risk.

Duties and responsibilities

• Track world and local commodity prices and analyse supply and demand
• Find suppliers and buyers in Libya and abroad and build relationships with them
• Negotiate quantities, prices, delivery and payment terms and conclude contracts
• Arrange shipping, insurance and storage and negotiate their costs
• Follow up letters of credit and shipping documents with banks and the finance team
• Follow import and customs clearance procedures with clearing agents
• Assess price and exchange rate risks and propose ways to limit them
• Report on contracted volumes, margins and deal results

Working conditions

• Occasional travel abroad to visit suppliers and trade fairs
• Following world markets outside normal hours at times

Requirements

• Bachelor's degree in economics, commerce, business administration or finance
• 3 to 6 years of experience in commodity trading or import and export

The years of experience follow the level you choose when posting.

Skills

• Commodity trading
• Market analysis
• Negotiation
• Letters of credit
• Incoterms
• Risk management
• English
• Excel

Preferred

• Knowledge of Libyan import rules and the Central Bank of Libya's foreign exchange procedures
• Experience in a specific commodity such as wheat, sugar or steel
• A second foreign language