Ju Yee Ong

Crude oil operator at Mitsui & Co. Energy Trading Singapore Pte. Ltd. (METS)
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Contact Information
us****@****om
(386) 825-5501
Location
Singapore, Singapore, SG

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Experience

    • Singapore
    • Oil and Gas
    • 1 - 100 Employee
    • Crude oil operator
      • Nov 2020 - Present

    • Singapore
    • Oil and Gas
    • 1 - 100 Employee
    • Operations Executive
      • May 2019 - Oct 2020

      • Handling Refined products (Mainly petrochemical)- Drafting of Sales/Purchase contract.- Vessel nomination and movement monitoring to ensure smooth cargoes delivery.- Liaise with supplier, buyer, and agents on shipment schedule.- Appoint surveyors for quality and quantity testing.- Vetting of LC drafts from finance department and handling the documentation of the shipments.- Do price confirmation & settlement with external counter parties- Purchasing of insurance for cargoes shipment- Calculation & negotiation of demurrage with suppliers & buyers- Report monthly P&L for each shipment & monitor derivatives paper & physical exposure. - Liaise with Traders, Shipping, Legal and Finance department for related issues in the trading chain. - Work closely with the China domestic market refineries and trading companies for cargo operations/shipment related issues.

    • Market Risk Management Officer
      • May 2018 - 2019

      • Handle soft commodities products like Soy Bean, Soy bean Meal, Corn & Wheat:- Manage the MTM PnL daily risk report- Analyse and reconcile physical and derivatives trades with traders & trade admin department- Streamlining daily Risk & Credit supplier reporting processReason for leaving: Operations ceased in Dec’19 to move back to Tokyo • Handle soft commodities products like Soy Bean, Soy bean Meal, Corn & Wheat:- Manage the MTM PnL daily risk report- Analyse and reconcile physical and derivatives trades with traders & trade admin department- Streamlining daily Risk & Credit supplier reporting processReason for leaving: Operations ceased in Dec’19 to move back to Tokyo

    • Market Risk Management Officer
      • Feb 2017 - May 2018

      • Handled Crude & Fuel oil product:- Manage the daily risk position/exposure of the company - Prepare risk analysis report along with MTM P&L report, Delta & VaR.- Prepare monthly market & position analysis report by collecting information and summarizing them through meetings with traders.- Grasp physical positions and understanding blending operation to ensure that the traders’ evaluation of the blending component is suitable- Prepare monthly hedge sheet for traders to grasp all derivatives position and to advise traders on daily hedging & any adjustment to be done.

    • Trade Support Officer
      • Apr 2015 - Feb 2017

      • Assist traders with the daily booking of trades via the trading system (MUREX) & ensuring trades are in line with deal recaps.• Assist operators in finalizing trades in the system once shipping documents are received. • Draft & negotiate Import/Export letter of credit (LC) with external counter parties.• Keep track of the cargoes delivery to ensure documentations are in placed as well as freight & cargo insurance settlement.• Liaise with risk management department to ensure the daily profit and loss report position is correct.• Liaise with accounts department on Receivables/Payables • Price confirmation & settlement with external counter parties• Arrange demurrage claims settlements & submit monthly demurrage report to claim specialist for reconciliation.• Prepare Monthly/Quarterly joint venture Profit and loss calculation report & settlement to traders. • Endorsement of Bill of lading & preparation of Proforma invoices to counter parties.

    • Indonesia
    • Banking
    • 700 & Above Employee
    • Polytechnic trainee bank officer
      • Apr 2012 - Sep 2012

      • Loans and Credit Card Application Processor/maker• Approvals of Credit card applications • Process and check customers eligibility for applying extra cash loans and credit card within a time frame.• Do background checks like money laundering, employment verification, fraud history, income verification and analyzing credit bureau to access if customers are qualified for certain products & credit limit that can be granted to customers• Learnt the process of KYC checks, SIBS & CRM system (SIEBEL) to check on customer’s information etc. • Do up calculations on the credit limit to potential customers.

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