NO, ONLY heat the oil (or oil/soap in this case) but be careful, it will contain methanol so don't breath the fumes and don't heat it with an open flame! In fact keep the temperature a little lower than suggested. 40°C should be enough for the reaction to take place. The lower temperature will reduce, but NOT stop fumes being given off so still take care not to breath them in.
Mix the catalyst with the methanol at AMBIENT temperature until it's dissolved, then carefully add it to the oil and mix, again being careful to keep away from any fumes that might be given off. After mixing, leave to stand and see if any glycerol is dropping out.