Background information about the job or company (e.g., role context, company overview)

The Uganda National Oil Company (UNOC) Limited was established under the Petroleum (Exploration, Development and Production) Act and the Petroleum (Refining, Conversion, Transmission and Midstream storage) Act, both of 2013 and incorporated under the Companies’ Act, 2012. It is a limited liability company wholly owned by the Government of Uganda.

The overall function of UNOC is to handle the State’s commercial interests in the Oil and Gas industry and ensure that the resource is exploited in a sustainable manner.

UNOC invites applications from persons interested to develop their career with a dynamic and results-oriented company to occupy the following positions:

NOTE:

• For all re-advertised positions, candidates who expressed interest in the previous advert are encouraged to re-apply.
• Successful candidates MUST be willing and ready to work in any UNOC’s Office location.
• UNOC is an equal opportunity employer and does not charge any monies at any stage of the recruitment process.
• Only applications submitted through the UNOC recruitment system shall be considered.

Responsibilities or duties

MANAGE AND PARTICIPATE IN THE EXECUTION OF UNOC’S CRUDE OIL MARKETING, TRADING AND LIFTING ACTIVITIES, ADDING VALUE THROUGH THE PROPOSITION AND DELIVERY OF ROBUST ARRANGEMENTS TO OPTIMISE REVENUE WITHIN THE UNOC REMIT AND AGREED STRATEGY.

• Lead the execution of, and contribute to the development of, strategies for marketing UNOC’s crude oil entitlement.
• Lead the execution of a strategy for management of UNOC’s crude oil price risks.
• Make proposals for crude oil sales for the approval of the Head of Crude Oil Marketing and Trading.
• Adopt approaches to crude oil sales, trading and lifting operations that are robust in addressing key risks such as payment, performance, compliance and contract terms and as previously approved by functional experts and senior management.
• Seek opportunities to optimise revenue and to add value in crude oil marketing, trading and lifting operations, gathering and leveraging available market information and decision support resources.
• Supervise the Physical Market Specialist and provide day to day direct management of the activities of the Crude Oil Trading and Marketing team.
• Promote and foster the relationships of the Trading and Marketing team with other UNOC business functions, such as Treasury, Accounting, Commercial and JV Management to ensure effective working interfaces.
• Act as a source of expertise on oil markets and trading within UNOC and provide input to development and new ventures initiatives as requested.
• Liaise with Third Party marketers and Joint Venture Partner representatives with respect to oil marketing, trading and offtake arrangements and potential developments thereof.
• Foster excellent and effective working relationships with customers and potential customers for UNOC crude oil, working to ensure open lines for business taking into account UNOC and customer KYC requirements and understanding customer business drivers and preferences.
• Represent UNOC in oil market-related industry functions and other events so as to enhance the market standing, recognition and brand of UNOC

Qualifications or requirements (e.g., education, skills)

Qualifications and Experience

• At least a Bachelor’s Degree (Hons) in Engineering, Economics, Finance, Business Administration, Energy Studies, Petroleum Geosciences or any other relevant degree from a recognized University
• Possession of a Master’s Degree in Business Administration, Economics, Engineering, Finance, Energy Studies or any other relevant Master’s degree would be an added advantage.
• Must have at least 8 years relevant working experience in the oil and gas sector, Physical Markets or Financial Markets from reputable trading companies, 4 years of which should have been attained at a supervisory/team leader level
• Sound working knowledge of crude oil cargo markets and sales is required
• Good knowledge and experience of purchase contracts and lifting agreements is an added advantage
• Sound working knowledge and experience of marine tankers and lifting operations, oil futures and derivatives is an added advantage.
• Demonstrable understanding of the E&P business lifecycle, especially in development and production phases is required

Skills and Competencies

• Commercially astute, possess solid negotiation skills and ability to make sound and quick commercial decisions
• High levels of emotional intelligence
• Demonstrable creativity and innovation abilities
• Excellent communication and interpersonal skills
• Should possess a record of impeccable integrity
• Ability to build, develop and coach teams under supervision
• Proficiency with MS Word, Excel and Powerpoint to effectively perform the role

• Lead the execution of, and contribute to the development of, strategies for marketing UNOC’s crude oil entitlement.
• Lead the execution of a strategy for management of UNOC’s crude oil price risks.
• Make proposals for crude oil sales for the approval of the Head of Crude Oil Marketing and Trading.
• Adopt approaches to crude oil sales, trading and lifting operations that are robust in addressing key risks such as payment, performance, compliance and contract terms and as previously approved by functional experts and senior management.
• Seek opportunities to optimise revenue and to add value in crude oil marketing, trading and lifting operations, gathering and leveraging available market information and decision support resources.
• Supervise the Physical Market Specialist and provide day to day direct management of the activities of the Crude Oil Trading and Marketing team.
• Promote and foster the relationships of the Trading and Marketing team with other UNOC business functions, such as Treasury, Accounting, Commercial and JV Management to ensure effective working interfaces.
• Act as a source of expertise on oil markets and trading within UNOC and provide input to development and new ventures initiatives as requested.
• Liaise with Third Party marketers and Joint Venture Partner representatives with respect to oil marketing, trading and offtake arrangements and potential developments thereof.
• Foster excellent and effective working relationships with customers and potential customers for UNOC crude oil, working to ensure open lines for business taking into account UNOC and customer KYC requirements and understanding customer business drivers and preferences.
• Represent UNOC in oil market-related industry functions and other events so as to enhance the market standing, recognition and brand of UNOC

• Commercially astute, possess solid negotiation skills and ability to make sound and quick commercial decisions
• High levels of emotional intelligence
• Demonstrable creativity and innovation abilities
• Excellent communication and interpersonal skills
• Should possess a record of impeccable integrity
• Ability to build, develop and coach teams under supervision
• Proficiency with MS Word, Excel and Powerpoint to effectively perform the role

• At least a Bachelor’s Degree (Hons) in Engineering, Economics, Finance, Business Administration, Energy Studies, Petroleum Geosciences or any other relevant degree from a recognized University
• Possession of a Master’s Degree in Business Administration, Economics, Engineering, Finance, Energy Studies or any other relevant Master’s degree would be an added advantage.
• Must have at least 8 years relevant working experience in the oil and gas sector, Physical Markets or Financial Markets from reputable trading companies, 4 years of which should have been attained at a supervisory/team leader level
• Sound working knowledge of crude oil cargo markets and sales is required
• Good knowledge and experience of purchase contracts and lifting agreements is an added advantage
• Sound working knowledge and experience of marine tankers and lifting operations, oil futures and derivatives is an added advantage.
• Demonstrable understanding of the E&P business lifecycle, especially in development and production phases is required