Nosipho Mzamo
Hydrocarbon Dealmaker/trader
Summary
My Trading and operation experience in the Petroleum Industry , is an start to end knowledge and experience accompanied by my first role in the industry as a Duty Tax Accountant which covers compliance , I further joined the Trading department for Astron Energy as a Product Operation Specialist, where I handled the operations for import and export for finished petroleum products in and out of South African ports (i.e. Cape Town, Durban PE and East London). My experience grew further when I became a Trader at Wasaa Gasses where I concluded the deals with international trading houses as well as oil majors sell to South African oil companies on the purchasing and selling of crude and finished product, interacted with global and local banks for the drafting and issuance of financial instruments (SBLC, Documentary LC, Payment Undertaking etc.), drafting of the contracts, pricing provisional and final, invoicing and margin analysis and reporting. As the trader I also handled the operation and Demurrage and shipping costs. Wasaa later acquired the BP East London terminal which is now know as the Wasaa Terminal, during my time at Wasaa I handled the operation and WASAA's own imports into the terminal, the sales to Wholesalers meaning I also have wholesale pricing experience. I then joined Shell Downstream South Africa where I handled Sasol and Total accounts, managing the length and shorts and seeing between coast and inland and the various opportunities between the Shell and the companies.
Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
13
13
years of professional experience
Work History
Hydrocarbon Dealmaker
Shell Downstream South Africa (Pty) Ltd
07.2023 - 09.2024
- Deal Origination and Execution: Originate, negotiate, and close trading deals for hydrocarbons
- Manage the full commercial process from deal origination to physical delivery and cash receipt
- Relationship Management: Develop and manage relationships with third-party hydrocarbons stakeholders of other oil companies Sasol, Total, Astron, Engen & bp
- Engage with Oil Majors and Independents to optimize sourcing and selling strategies
- Financial Delivery and Compliance: Meet and exceed financial bottom-line targets
- Ensure compliance with Shell HSSE, Trading Compliance standards, and Russian Nexus protocols
- Print and invoice analysis
- New Business Development (NBD): Identify and develop new business opportunities to achieve stretched P&L targets
- Maximize integrated value for Shell
- Collaboration and Teamwork: Foster a 'One Team' mindset within T&S, IPU, Shell Trading joint ventures, and GTN
- Collaborate effectively with internal partners: T&S Operations, Business Development, PQ, HSSE, Legal, Tax, Credit, E&C, and Finance
- Strategic Leadership: Provide commercial and strategic leadership to support T&S Transformation and Energy Transition initiatives
- Controlled Environment: Maintain adherence to Shell Code of Conduct, Manual of Authorities, and control framework
- Ensure contract excellence and HSSE compliance in trading portfolio
- Financial Planning and Analysis: Consolidate and submit financial planning for deal-making activities
- Administrative Excellence: Maintain administrative and financial controls for proper month-end and year-end closeout of hydrocarbon books
- Self-motivated, with a strong sense of personal responsibility.
Supply Assurance (Interim)
Wasaa Terminal (RF) (Pty) Ltd
12.2021 - 06.2023
- Registering Wasaa Terminal with South African Revenue Services (SARS) to be a Special Storage Warehouse (SOS) where petroleum product can be stored in the facility and exported via road, rail and vessel
- Registering Wasaa Terminal with SARS to be an Importer and Exporter
- Lead and facilitated SARS Customs and Excise site inspection
- Drafted application letter/narrative to SARS Customs and Excise for SOS Application to inform SARS of the various process/documents that will be in place to ensure adherence to Customs and Excise requirements for exports, from product moving into the terminal and out of the terminal
- Developed processes for Wasaa Terminal for tanks that are registered for Export/SOS Warehouse
- Developed import process and local purchase of product into the terminal for the duty paid location/tanks
- Applied, transferred and updated various licenses and permits needed to operate the terminal i.e., air emission, air effluent, COID, fire permit and Hazardous Waste
- Managing Throughput agreement with tenants BP and Shell
- Managing Stock in tank of tenants and advising when replenishing should occur
- Issuing of invoice to tenants as per throughput agreement
- Facilitating vessel operation when tenants bring in product to replenish stock
- Calculating economics of buying product from tenants and selling it to the market which prices is favourable between Basic Fuel Price and Wholesaler Listed Price
- Self-motivated, with a strong sense of personal responsibility.
- Excellent communication skills, both verbal and written.
- Worked effectively in fast-paced environments.
- Assisted with day-to-day operations, working efficiently and productively with all team members.
- Resolved problems, improved operations and provided exceptional service.
Trader
Wasaa Gasses
07.2020 - 06.2023
- Set and achieve the annual trading budget in conjunction with senior management
- Purchasing and selling crude oil and refined products through tendering
- Identifying and executing 3rd Party trades on a 'for profit basis' and utilizing the appropriate structures to mitigate risk and optimize positions
- Negotiate term and spot contracts for sales and purchases of crude oil and refined products
- Ensuring each contract is performed in accordance with agreed terms
- Ensuring LC is in accordance to contract
- Liaising with various banks, LC departments of clients ensuring LC issuance is according to the agreed terms
- Evaluate markets and market trends and communicating with other Supply & Trading functions
- Ensure all trading activities are conducted within appropriate delegations of authority and conform with bank's requirements/instruments conditions
- Maintain and enhance relations with key accounts, existing customers and targeted competitor accounts
- Ensure that direct costs are contained within the budget; indirect costs are to be controlled as far as possible
- Closes new business deals by coordinating requirements; developing and negotiating contracts; integrating contract requirements with business operations
- Protects organization's value by keeping information confidential
- Enhances organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments
- Support marketing activities, including trade/ scientific shows, mailings, etc
- Crude/Product Import and Export Deal Management: Manage deal information flow for every vessel loaded
- Manage and close out deal files as per deal file check list
- Monitor documentation to comply with Wasaa Gasses requirements
- Check and prepare invoices for issuance
- Establish or optimize existing deal management systems to track deal management performance on a weekly and monthly basis
- Manage all shipping contracts and associated losses
- Prepare deal by deal profit and loss statement including all relevant cost for each deal
- Demurrage: Export, Import and Crude vessels
- Analyze all demurrage claims and exhaust all possibilities for reduction of claims prior to submitting for payment approval
- Liaise with appropriate personnel both internal and external to Wasaa Gasses to ensure that demurrage claims are closed out in specified time
- Ensure that all documentation required by customers are available
- Establish or optimize existing management systems to track demurrage position on a weekly and monthly basis
Trade Operation Specialist
Astron Energy previously known as Chevron South Africa
10.2015 - 06.2020
- Manages all activities associated with operations for finished product imports and exports in South Africa (Cape Town, Durban, Port Elizabeth & East London)
- Works with the London and Singapore Offices, VCO Refinery Planners to identify export opportunities which will enhance the profitability of the refinery, maximize refinery throughput and maximize the profitability associated with incremental crude processed at the Refinery
- Assist Trading Contract Administrator by ensuring that they have all the relevant load and discharge data timeously, thus preventing late payments
- Support Contracts Administrator in maintaining Trading deal files
- Ensuring all cargo and clearance documentation is available in required timelines to assist relevant units to complete operational and compliance requirements (Contacts/All trading 3rd party contractors/surveyors/Marine Advisors/Clearing agents, etc.)
- Support tax in maintaining compliance requirements adhered to for clearing and processing of customs entries of imports and exports
- Ensure clearing documentation is completed in line with clearing timelines and include tax in all directives and escalation processes for SARS requirements
- Support Treasury to ensure all applicable documentation and relevant requirements are in place for inflow or outflow of funds and payment
- Ensuring treasury receives all required documentation on time to ensure timeous payment and receipt funds
- Allow timeous issue of UCR numbers to treasury to ensure banking institutions are fully able to allocate required funds received to Astron account
- Ensure monthly finance meetings are conducted to co-ordinate system entries in line with product imports and exports
- Ensure all relevant documentation regarding vessel operations are receipted in time for monthly adjustments to be completed
- Support Supply in assisting with movement or receipt of contractual or allocation of volumes
- Support the Shutdown strategy by importing requirements on time on spec
- Oversee timeous clearance of all imports with relevant authorities
- Supply Trader/Engaged in Trading deal negotiations import/export
Tax Accountant
Astron Energy previously known as Chevron South Africa
06.2013 - 09.2015
- Responsible for all duties and levies in South Africa and all BLNS countries
- Details: Requires total accuracy and thoroughness in terms of financials and deliverable deadlines
- Monthly schedules to be sent to various governments, in addition to quarterly audit certificates stipulated by government Departments
- Reconciliations of all levies to be done monthly in accordance with the STAR principles
- All discrepancies to be investigated before month-end closing
- If, necessary file docs to be processed and approved by Tax manager
- Timeously clearing of all imports, calculation applicable duties, reviewing SAD 500 and instructing payment to SARS, ensuring adherence to SARS Custom and Excise regulations
- Timeous clearing of all road and sea exports, reviewing SAD500 and various documentation before claiming export rebates and ensuring the company adheres to SARS Custom and Excise regulations
- Compiling and submitting DA160 to SARS on monthly basis
- Compiling and submitting CEF return on monthly basis
Intern
Provincial Treasury SCM (Western Cape)
12.2011 - 05.2013
- Virtuous Cycle assessments that test compliance to applicable legislation, regulatory and policy requirements for SCM and moveable asset
- Research and understanding of departmental requirements for Asset Management and Logistics
- Support mentor in the assessment process to facilitate engagement, document perusal, information management and record keeping
- Drawing up findings and recommendations in terms areas designated for the assessment against regulatory and policy requirements
- Assisting mentor in finalizing report, drawing up action plan
- Assisting in the monitoring and evaluation of action plans
- Provide assistance and guidance to departments and suppliers on SCM
- Attending to requests for advice, guidance and SCM opinions from departmental officials
- Registering a query on the opinion and query register and respond
- Requesting additional information from enquiring departments, public entities to resolve the query
- Soliciting comments from National Treasury; legal services and Norms and standards as required and consulting with prescribed legislation and SCM policy in gathering the required information to respond
- Drafting a written response to a query received, submitting to mentor for approval and sending it off by post; email a response to a department on signature and approval by delegated official
- Information management, documentation in internal registers, departmental registry and electronic warehousing or data-management
- Exposure to supplier development initiatives
- Attending on helpdesk function through assistance, guidance and opinion writing
Education
Bachelor - BTech: Taxation
Cape Peninsula University of Technology
Cape Town, South Africa01-2011
Higher National Diploma - Accounting
Cape Peninsula University of Technology
Cape Town, South Africa01-2010
Matric -
Brackenfell High School
Cape Town, South Africa01-2007
Skills
- Oil Trading
- Effective Negotiation Skills
- Supply Chain Management
- Contract Management
- Stakeholder Engagement
- Stakeholder Relationship Management
- Freight Market Analysis
- Cost Analysis Expertise
Personal Information
- Gender: Female
- Nationality: South African
Education And Qualification
Cape Peninsula University of Technology, BTech: Taxation, ND: Accounting, Brackenfell High School, Matric
Timeline
Hydrocarbon Dealmaker
Shell Downstream South Africa (Pty) Ltd
07.2023 - 09.2024
Supply Assurance (Interim)
Wasaa Terminal (RF) (Pty) Ltd
12.2021 - 06.2023
Trader
Wasaa Gasses
07.2020 - 06.2023
Trade Operation Specialist
Astron Energy previously known as Chevron South Africa
10.2015 - 06.2020
Tax Accountant
Astron Energy previously known as Chevron South Africa
06.2013 - 09.2015
Intern
Provincial Treasury SCM (Western Cape)
12.2011 - 05.2013
Bachelor - BTech: Taxation
Cape Peninsula University of Technology
Higher National Diploma - Accounting
Cape Peninsula University of Technology
Matric -
Brackenfell High School
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