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Head Commodity Trading & Input Materials
Posting Date: Dec 5, 2024
Location: Sandton
Company: Sasol
Sasol is a global integrated chemicals and energy company with a 70-year heritage. Through our talented people, we use our expertise and selected technologies to safely and sustainably source, manufacture and market chemical and energy products globally. When you join Team Sasol, you are joining a company that puts people at the center of everything we do.
Sasol invests in its employees along every stage of the career path and offers development opportunities to help you cultivate your career in a culture that embraces diversity and inclusion.
Job Req ID
6830
Closing Date
15 January 2025
OME
| CML: Supply Chain |
Location
Sandton
Purpose of Job
Senior leadership role accountable to manage and co-ordinate the multi-disciplinary roles associated with Sasol’s (1) trading and price risk management of energy commodities and derivatives (crude oil, petroleum products and blending components), and (2) the sourcing and contracting for input materials (catalysts, water treatment, process feedstock, bio-feedstocks, etc).
- Crude and white product trading: Understand, analyse, forecast and report on the oil and petroleum markets and be able to meet Sasol’s petroleum supply and demand requirements, at the lowest cost of ownership and investigate and recommend alternative sources of supply to optimise margins for Sasol Energy.
- Input Materials Sourcing: Lead and oversee the development and implementation of sourcing strategies for input materials in order to realise increased business value for Sasol by leveraging external spend, through a total cost of ownership reduction approach.
- General: Lead and oversee the preparation, negotiation and administration all contracts within the portfolio in accordance with Sasol policies, procedures and legal requirements. Categorise and manage relationships with strategic suppliers so as to minimise security of supply risks and unlock increased business value.
The portfolio size is approximately R50 billion, of which the majority is made up of the crude and white product procurement, shipping and risk management. A very good understanding and knowledge of the refinery and crude oil value chain is critical to ensure the focus on bottom line value delivery, while ensuring security of supply and value delivery. A further complexity to manage includes the changing crude oil slate of the crude oil refinery to meet future fuel specifications. The input material portfolio focusses mostly on global suppliers where security of supply is critical and will in future support bio-feedstock sourcing for processing at the crude oil refinery.
Key Accountabilities
Commodity Trading: Understand, analyse, forecast and report on the oil and petroleum markets and be able to meet Sasol’s petroleum supply and demand requirements, at the lowest cost of ownership and investigate and recommend alternative sources of supply to optimise margins for Sasol Energy. Manage the process to evaluate, recommend and manage trading counterparts including crude oil and petroleum products suppliers and buyers (NOC’s, IOC’s and independent traders), shipping agents and brokers, surveyors, derivative futures brokers, etc. Maximize the crude oil value chain through building and maintaining good relationships with suppliers in industry including oil traders, clearing agents, ship agents, surveyors and international brokers. Manage the process to develop hedging strategies and derivatives trading, using the appropriate instruments and developing analytical reports to assist in taking hedging decisions. Ensure proper segregation of duties by clear demarcation of refinery management and planning from the front, middle and back-office trading activities.
Input Materials Sourcing: Lead and oversee the development and implementation of sourcing strategies for input materials in order to realise increased business value for Sasol by leveraging external spend, through a total cost of ownership reduction approach. Continuously monitor and analyse the internal and external environments to identify opportunities and threats impacting Sasol’s category sourcing strategies and contracts; continuously improve and update sourcing strategies and contracts to mitigate threats and capitalise on opportunities. Analyse the stakeholder landscape and proactively manage relationships to ensure support for and participation in processes to develop and implement sourcing strategies and contracts.
General: Lead and oversee the preparation, negotiation and administration all contracts within the portfolio in accordance with Sasol policies, procedures and legal requirements. Categorise and manage relationships with strategic suppliers so as to minimise security of supply risks and unlock increased business value. Identify value optimisation opportunities and implement and measure the same. Drive a culture of learning, growth, continuous improvement and Agility in the category team. Drive transformation and BBBEE improvement in Sasol’s external spend by identifying and implementing preferential procurement and supplier localisation opportunities. Manage talent within the team, including regular personal development and performance management discussions and reviews with team members. Ensure robust contract management and review; ensure that contracts in own category meet minimum Sasol standards and requirements.
Formal Education
University Bachelor’s Degree
Min Experience
14 + relevant years (very good understanding and knowledge of the refinery and crude oil value chain is critical)
Required Personal and Professional Skills
TC_Create SCM Strategic Direction and Plans
TC_Demand Management
LC_Commercial Agility
LC_Business Ownership
LC_Drives Innovation
LC_External Focus
LC_Customer Centricity
TC_Corporate Strategy Formulation
TC_Process Management and Development
LC_Collaborative
LC_Inspirational
LC_Builds Talent
LC_Developing Self
LC_Partnerships
LC_Delivery Excellence
TC_Sustainable Development
Sasol is an equal opportunity and affirmative action employer. Inspired by our Purpose of “Innovating for a better world”, Sasol acknowledges that diversity is intrinsic to the fabric of our organisation and is the key to our growth and success. Sasol is committed to the full inclusion of all suitably qualified individuals. Preference will be given to applicants from designated groups and people with disabilities according to Sasol’s Employment Equity Plan. This includes reasonable accommodation to enable individuals with disabilities to perform essential job functions.
Our automated process is designed to efficiently assess a large volume of applications. Should you not hear from us within 60 days of the advert closing then kindly consider your application unsuccessful. Thank you once-more for your interest in Sasol as your employer of choice, and we wish you all the best with your career aspirations and future applications with us.
Senior Specialist Trader
Posting Date: Dec 5, 2024
Location: Sandton
Company: Sasol
Sasol is a global integrated chemicals and energy company with a 70-year heritage. Through our talented people, we use our expertise and selected technologies to safely and sustainably source, manufacture and market chemical and energy products globally. When you join Team Sasol, you are joining a company that puts people at the center of everything we do.
Sasol invests in its employees along every stage of the career path and offers development opportunities to help you cultivate your career in a culture that embraces diversity and inclusion.
Job Req ID
6828
Closing Date
15 January 2025
OME
| CML: Supply Chain |
Location
Sandton
Purpose of Job
Sasol Trading’s main business activity is the buying and selling of crude oil, petroleum products and fuel blending components. Other activities include shipping and risk management (hedging) operations. This position is accountable for some of the trading activities and is based in Johannesburg.
The Trader has an operational / tactical role and executes Sasol Energy’s crude oil, components, and petroleum product trading activities to meet supply and demand requirements. This includes physical crude oil procurement and potential swap outs, or the sale and procurement of components and refined products (gasoil, gasoline, jet, condensate, reformate, etc.) The incumbent must assist in the execution of trading price risk management strategies (derivatives), certain analytical functions for the group, the handling of reports and database management.
Understand, analyse, forecast and report on the oil and petroleum markets and be able to meet Sasol’s petroleum supply and demand requirements, at the lowest cost of ownership and investigate and recommend alternative sources of supply to optimise margins for Sasol Energy. The successful candidate must have an existing and recent crude oil and product trading track record and relationship base with international traders and National Oil
Key Accountabilities
1. Trading Game Plan and Execution
• Support the development and implementation of the medium- and long-term spot and term crude oil and clean product trading game plan. Trading game plans developed, presented, approved, and implemented. • Ensure regulatory compliance relating to trading and price risk matters in the different geographical regions. Regulatory framework developed and all activities comply. • Evaluate, recommend, and manage trading counterparts. Crude oil suppliers (NOC’s, IOC’s and independent traders). Product suppliers (NOC’s, IOC’s and independent traders). Product buyers (NOC’s, IOC’s, independent traders, and refineries). • Support the management and reporting on trading risk matters. Trading risk matrix and risk reporting developed, implemented, and updated. • Support the monthly (or more regular) process to generate the forward crude, product and freight pricing for the refinery linear program model. Latest oil price forecast communicated to Planning.
2. Commercial Trading
• Assist in the day-to-day activities of crude oil and refined products trading (including track and monitor regional market movements), accountable for making instant decisions on selling and buying to meet targets and plans. • Sustain strong relationships with relevant industry parties and counterparties to develop business opportunities within the oil and refined products trading arena. • Negotiate and document contracts for purchase/sale of crude oil and refined products within the limits of authority and optimise crude oil purchases and trades around company assets. • Support as necessary in the execution of hedging strategies, using the appropriate instruments (futures or OTC).
3. Trading Reporting, Analysis and Co-ordination
• Monitor the world crude oil and petroleum product trading markets with regards to pricing status, market movements and future trends evaluations in order to identify optimal trading opportunities. Necessary information source database and trading models developed and implemented. • Manage all interfaces daily. Build strong internal relationships with refinery, planning and crude oil operations and hedging teams.
4. Counterparty Approval
• Identify new counterparties to optimize returns. Identify new counterparties. • Assist in the evaluation, supply information to and from these counterparties. Solid knowledge in planning, refinery, and crude logistics (incl. pipelines etc.). Development and implementation of oil trading strategies and tactics with accountability for delivery against targets would be an advantage.
Formal Education
University Bacherlor’s Degree (Commerce/Economics/Finance/Logistics/Engineering).
Min Experience
• 10+ relevant years’ relevant work experience within the crude oil planning, refinery and trading environment. The last 4 – 5 years must have been directly with the crude oil and or product trading.
Required Personal and Professional Skills
BC_Collaborates
BC_Optimizes Work Processes
BC_Business Insight
TC_Process Monitoring and Control
TC_Reporting
TC_Contract Management
BC_Action Oriented
TC_Compliance Management
BC_Ensures Accountability
TC_Logistics Administration and Analysis
Sasol is an equal opportunity and affirmative action employer. Inspired by our Purpose of “Innovating for a better world”, Sasol acknowledges that diversity is intrinsic to the fabric of our organisation and is the key to our growth and success. Sasol is committed to the full inclusion of all suitably qualified individuals. Preference will be given to applicants from designated groups and people with disabilities according to Sasol’s Employment Equity Plan. This includes reasonable accommodation to enable individuals with disabilities to perform essential job functions.
Our automated process is designed to efficiently assess a large volume of applications. Should you not hear from us within 60 days of the advert closing then kindly consider your application unsuccessful. Thank you once-more for your interest in Sasol as your employer of choice, and we wish you all the best with your career aspirations and future applications with us.
Senior Financial Accountant | Reporting Oil & Related
Posting Date: Nov 28, 2024
Location: Sandton
Company: Sasol
Sasol is a global integrated chemicals and energy company with a 70-year heritage. Through our talented people, we use our expertise and selected technologies to safely and sustainably source, manufacture and market chemical and energy products globally. When you join Team Sasol, you are joining a company that puts people at the center of everything we do.
Sasol invests in its employees along every stage of the career path and offers development opportunities to help you cultivate your career in a culture that embraces diversity and inclusion.
Job Req ID
6648
Closing Date
6 January 2025
OME
| FIN: Finance Southern Africa |
Location
Gauteng, Sandton
Purpose of Job
Develop and implement a continuous input into financial and business decision-making at tactical/operational level, the completion of financial accounting reports and annual financial statements and the day-to-day execution of financial related activities, as well as ensuring the integrity of the General Ledger and Trial balance to ensure accurate and timely reporting on a monthly basis in OneStream.
Recruitment Description / Key Accountabilities
Populate monthly financial information in OneStream.
• Timeous and accurate completion of monthly reporting in OneStream.
• Prepare Business Unit Statutory Reporting and compliance process.
• Effective statutory reporting execution taking into account group timelines and requirements.
• Prepare and review of stand-alone Business Unit Annual Financial statements, where applicable.
• Stakeholder/Interface Management – Network with key stakeholders in the Group and provide guidance to BU financial teams in terms of compliance to reporting frameworks.
• Provide financial information to External & Internal auditors.
• Common understanding and implementation of accounting standards and issues.
• Detailed understanding of OneStream reporting pack and the Sasol accounting manual.
• Audit findings/recommendations are considered and implemented.
• Effective external/internal auditor relationships to meet reporting requirements/deadlines.
• Prepare OneStream reporting packs, minimal errors.
• Ensure the integrity of the GL accounts and the structure of the ledger.
• Ledger provides adequate reporting information and ensures transactions take place in a controlled environment.
• Good understanding of SAP to ensure alignment with management reporting objectives and requirements.
• Month end and year end closing managed per timetable.
• Prepare GL to assist reporting in OneStream.
• Data in systems aligned with Group requirements.
• Provide financial information for Business Unit reporting.
• Accurate and timeous month-end reporting in accordance with Group timelines and requirements.
• Provide inputs to the Cash flow forecasting process.
• Accurate and timeous financial information for reporting purposes.
• Perform monthly GL and/or sub ledger reconciliations.
• Accurate and timeous complete GL accounts/reconciliations.
• Reviews and validates GL reconciliations.
• Ensure all GL reconciliations are performed and completed audit files are delivered for review.
• Comply with requirements in terms of controls over financial reporting and GL.
• Perform monthly SOX controls.
• Perform SOX testing during testing cycles for financial reporting and GL.
• Provide the necessary information within prescribed deadlines to external and internal auditors to ensure audits are seamless and completed timeously.
• High quality audit file, with all necessary supporting documentation prepared.
• Minimal audit findings, timely mitigated.
• Technical issues timeously identified and actioned.
• First preparer of RPC technical position papers. Present at SA RPC.
• Prepare position papers for discussion at the SA RPC.
• Engage with Group Technical department to align concept before Group RPC.
• Preparation of tax returns in conjunction with Group Tax Services.
• Timeous and accurate completion of tax returns.
• Queries are handled effectively and efficiently.
Formal Education
University Bachelors Degree
Min Experience
Experience: 6+ relevant years
Behavioural (BC) |Technical (TC) |Leadership (LC)
BC_Optimizes Work Processes
TC_Financial Analysis
BC_Business Insight
TC_Financial Planning and Reporting
BC_Manages Complexity
TC_Analyse Alternatives and Recommend Solutions
BC_Plans and Aligns
TC_Financial Accounting
TC_Compliance Management
BC_Ensures Accountability
Sasol is an equal opportunity and affirmative action employer. Inspired by our Purpose of “Innovating for a better world”, Sasol acknowledges that diversity is intrinsic to the fabric of our organisation and is the key to our growth and success. Sasol is committed to the full inclusion of all suitably qualified individuals. Preference will be given to applicants from designated groups and people with disabilities according to Sasol’s Employment Equity Plan. This includes reasonable accommodation to enable individuals with disabilities to perform essential job functions.
Our automated process is designed to efficiently assess a large volume of applications. Should you not hear from us within 60 days of the advert closing then kindly consider your application unsuccessful. Thank you once-more for your interest in Sasol as your employer of choice, and we wish you all the best with your career aspirations and future applications with us.
All the best with your applications
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