Senior Oil Contracts Specialist
2 days ago
Richard James Recruitment Specialists Ltd is seeking an experienced Oil Contracts Analyst to join their London-based team. As a key member of the contracts desk, you will play a crucial role in ensuring the integrity and accuracy of data entry and risk management processes.
The ideal candidate will have experience in the physical oil sector and a strong understanding of contract lifecycle management, including industry standardised Confirmation processes and GT&Cs. Proficiency in MS Office applications, particularly Excel, is also highly desirable.
Main Responsibilities:
- Reconcile trades within the system of record and against all supporting documentation.
- Review counterparty contracts and respond promptly to any discrepancies or issues.
- Manage the full contract life cycle and negotiate contracts to conclusion.
- Identify and mitigate risks associated with contract terms and conditions.
- Ensure compliance with industry regulations and best practices.
Essential Skills and Qualifications:
- Experience as a Contracts Analyst in the physical commodities sector, preferably in waterborne oil contracts.
- Prior experience in standardised Confirmation processes is a plus.
- Strong understanding of contract lifecycle management and industry GT&Cs.
- Organised, with a high level of attention to detail and ability to manage conflicting priorities.
- Motivated by operational processes and excellent communication skills.
Estimated Salary: £60,000 - £80,000 per annum
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