LPG Trading Manager

Roles & Responsibilities

Roles:

• Manage LPG trading activities in Singapore, supporting regional market expansion.
• Manage global LPG physical trading (term/spot procurement, Korean imports, third-country trading) and paper hedging within approved risk limits.
• Maximize portfolio profitability through global arbitrage, book optimization, and price risk management.

Responsibilities

• Singapore Market & Network: Originate and execute LPG deals with Singapore-based producers, traders, and brokers during Asian hours. Engage with price-reporting agencies(PRAs) and expand the branch’s Asia-Pacific counterparty network.

• Third-Country Trading & Arbitrage: Execute CFR/FOB third-country deals across Asia-Pacific(China, SE Asia, India), capturing East-West arbitrage, regional imbalances, and propane/butane spreads.
• Global Procurement & Import Planning: Negotiate term and spot LPG contracts with North American (USGC) and Middle Eastern (AG) suppliers. Manage import scheduling and inventory planning for Korean receiving terminals to meet domestic and petrochemical(PDH/cracker) demand.
• Paper Trading & Hedging: Execute derivative strategies (swaps, futures, options) linked to Saudi CP, Mont Belvieu (MB), and Argus FEI to hedge physical exposure, lock in margins, and capture spread opportunities.
• Risk & P&L Management: Manage daily positions within approved trading/credit limits via ETRM; monitor compliance, VaR and real-time MTM/P&L across physical and paper books.
• HQ Coordination & Reporting: Align daily with Korean HQ teams (Sales, Risk Management) on deal structuring, pricing, approvals, and terminal inventory, while reporting market insights and trading performance to HQ management.

Required Qualifications

• Bachelor’s degree or higher from an accredited university.
• Minimum 10 years of experience in the energy/commodities sector, including hands-on LPG physical and paper trading/hedging.
• Proven track record in negotiating and executing LPG supply deals with counterparties such as Middle Eastern (AG) and North American (USGC) producers, NOCs, and global trading houses.
• Strong expertise in LPG derivatives (FEI, CP, MB swaps/spreads) and MTM valuation.
• Business-level proficiency in English (spoken and written) for global negotiations.

Preferred Skills

• Strong financial modelling skills for physical-to-paper arbitrage and forward curve analysis.
• Working knowledge of VLGC shipping operations, charterparty terms, and demurrage.
• Experience managing a regional trading desk or overseas branch, with established AG/USGC supplier networks.
• Proficiency in MS Office, ETRM systems, and market platforms (Platts, Argus, Reuters, Bloomberg).
• Business-level proficiency in spoken and written Korean would be an advantage for liaising with the Korean headquarters, as well as preparing and reviewing Korean-language deal approval documents, risk/P&L reports, and commercial assessments.