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Fuel Contracts Negotiator, ESB Trading, Dublin
Client:
ESB
Location:
Dublin, Ireland
Job Category:
Other
EU work permit required:
Yes
Job Reference:
19c68dafc100
Job Views:
53
Posted:
21.01.2025
Expiry Date:
07.03.2025
Job Description:
We are currently seeking to recruit a Fuel Contracts Negotiator. The Fuel Contracts Negotiator reports into the Forward Trading Desk Head. The Forward Trading Team consists of the Forward Trading Desk Head, 5 traders, 1 Originator, and the Fuel Contract Negotiator. The desk is actively involved in wholesale energy trading in the UK, European, and Irish markets. The primary function of the team is the hedging of the gross margin for ESB's thermal and renewable fleet of generation in line with current trading and risk policy and the procurement of physical fuel supply. In addition, the team will also conduct the day-to-day trading requirements of ESB Trading in line with its trading strategy. This will include execution of asset optimisation strategies, fuel procurement policies, and power hedging activities.
Key Responsibilities
* Responsible for ensuring timely delivery of suitable fuels to ESB generation fleet
* Keep abreast of current trends and developments in areas of expertise
* Maintain knowledge and skills in order to carry out full range of duties
* Facilitate and support others in achievement of team goals and contribute positively to the development of the team and self
* Demonstrate flexibility and adaptability to change
* Responsibility for developing a diverse suite of counterparties with diverse sources of coal from different locations
* Liaising with Moneypoint on coal quality and specification issues
* Liaising with Moneypoint on coal yard stock levels and how best to manage
* Managing the logistics of the shipment including nominating vessels, load port, and discharge port laycans
* Negotiating the coal contracts both spot and term contracts including regulatory and safety requirements
* Liaising with ESB legal on contracts
* Develop subject matter expertise on the physical coal markets and their drivers
* Negotiate CIF and FOB contracts including freight
* Liaise with insurance on relevant insurance cover required
* Liaise with Treasury and Back Office on payment schedules and FX requirements
* Liaise with Shannon Foynes Port Authority on safety issues and tug rates
* Other responsibilities as required by management
Knowledge, Skills and Experience
* 5+ years relevant experience
* Experience in using Excel and Microsoft suite
* Experience in contract negotiations
* High level understanding of the I-SEM market
* Highly numerate
* Experience in managing stakeholders
* Experience in front line trading/operations
Qualifications
Third level qualification with a strong quantitative/financial/economics base or equivalent work experience is required.
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