Operations Manager (Multi-Asset Commodities) at Lagos Commodities and Futures Exchange (LCFE)

About the Role

Lagos Commodities and Futures Exchange (LCFE) is seeking a dynamic, proven, and highly versatile Operations Manager to oversee and strategically manage the complex operational landscape of our multi-asset commodities trading and aggregation company. This critical role ensures the flawless, compliant, and efficient execution of commodities trading across Solid Minerals, Agricultural Products, and Energy (Oil & Gas).

Key Responsibilities

• Develop and execute an effective business strategy to maximize profitability through commodities trading
• Identify key commodities for profitable trading opportunities
• Develop and maintain strong relationships with commodities stakeholders, including commodity traders, storage facility owners, testing agents, and processors, for sourcing, aggregation, and sales
• Act as the primary operational interface with Aggregators and suppliers, coordinating delivery schedules, verifying volumes and quality upon receipt, and managing documentation flow for payment processing
• Develop and utilize effective pricing matrices for the valuation and pricing of incoming raw materials, ensuring that accepted volumes and grades are correctly applied to agreed-upon pricing formulas
• Manage the creation and verification of all trade documents, including Bills of Lading (BLs), shipping manifests, quality certificates, customs declarations, and commercial invoices
• Work closely with the Finance Department to manage the operational aspects of trade finance instruments (e.g., Letters of Credit, Bank Guarantees), ensuring timely presentation of documents to banks for drawing down funds
• Coordinate with the trading desk to ensure operational activities are aligned with currency and commodity hedging strategies, providing accurate data on exposures and physical positions

Location

Lagos, Nigeria