Senior Oil Contracts Specialist
1 day ago
Richard James Recruitment Specialists Ltd is seeking an experienced Senior Oil Contracts Specialist to join our team in Central London. The ideal candidate will have a strong understanding of contract lifecycle management and industry GT&Cs.
The primary function of this role is to ensure the integrity and accuracy of data entry and risk undertaken by the business via thorough trade verification and contract review processes. Key responsibilities include reconciling trades, reviewing counterparty contracts, and managing the full contract life cycle.
Main Responsibilities:
- Reconcile trades within the system of record and against all supporting documentation.
- Review counter party contracts and respond promptly to any discrepancies.
- Follow up with counter parties and manage purchase agreements.
- Manage the full contract life cycle and counter contracts to conclusion.
- Identify and mitigate risks associated with contract terms and GT&Cs.
- Verify marine bunker deals and maintain a strong audit trail.
- Apply best practice contract management at all critical control points.
Essential Experience Required:
- Experience as a Contracts Analyst in the physical commodities sector, preferably in waterborne oil contracts.
- Prior experience in standardised Confirmation processes is beneficial.
- Strong understanding of contract lifecycle management and industry GT&Cs.
- Excellent communication skills and proficiency in MS Office applications.
We estimate the salary for this position to be around £60,000-£80,000 per annum, depending on experience.
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