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- Tasks: Manage demurrage claims and draft sales contracts for a leading trading company.
- Company: Established crude and oil products trading company based in London.
- Benefits: Gain valuable experience in shipping and logistics with competitive pay.
- Why this job: Join a dynamic team and make an impact in the oil trading industry.
- Qualifications: 3 years of experience in demurrage or logistics, strong analytical skills required.
- Other info: Opportunity for professional growth in a fast-paced environment.
The predicted salary is between 13 - 16 £ per hour.
Our client is an established Crude and Oil Products trading company based in London, with physical assets across Europe. They actively source, refine, market and trade Crude Oil and Oil products, and associated financial derivatives. We are seeking a detail-oriented and analytical Demurrage/Contracts Analyst to join a growing Operations team. The successful candidate will be responsible for managing and resolving demurrage claims, ensuring timely and accurate calculation and settlement of demurrage charges, and maintaining effective communication with all stakeholders involved. Alongside your Demurrage duties, the successful candidate will also be responsible for drawing up and sending out Sales Contracts for the firm’s assets. This role requires a strong understanding of shipping, logistics, demurrage principles, exceptional analytical and problem-solving skills, as well as a good understanding of the structure and relevant clauses involved in Sales Contracts.
RESPONSIBILITIES
- Demurrage Calculation and Analysis: Accurately calculate demurrage charges for various shipments. Analyse demurrage data to identify trends and potential areas for cost savings. Ensure compliance with contractual terms and industry regulations.
- Claims Management: Review and verify demurrage claims received from Suppliers, Owners, and Receivers. Prepare and submit demurrage claims to Counterparties. Negotiate and resolve disputed claims in a timely and professional manner.
- Contract Management: Typing up of Refinery Spot Contracts. Methodical tracking of Contracts to ensure all internal departments have authorised and checked the contracts prior to sending out. Requesting Purchase Contracts from Third parties and ensuring all relevant internal departments have received a copy. Maintaining strong document management practice in the logging of contracts and all related documents and correspondence.
- Documentation and Reporting: Maintain detailed and organized records of all demurrage claims and settlements. Generate regular reports on demurrage activities and performance metrics.
- Stakeholder Communication: Liaise with internal teams (e.g., Operations, Finance, Credit) to gather and validate information required for Demurrage calculations/Contracts. Communicate effectively with external parties (e.g., Owners and Third-party companies) to resolve demurrage issues. Conduct regular meetings with stakeholders to discuss demurrage trends and address concerns. Authorising and tracking of Demurrage payments/liaising with Accounts.
- Process Improvement: Identify opportunities for process improvements and implement best practices in demurrage management. Collaborate with cross-functional teams to streamline demurrage-related workflows. Stay updated on industry developments and regulatory changes impacting demurrage practices.
KEY SKILLS & COMPETENCIES
- Minimum of 3 years of experience in demurrage, shipping or logistics
- Familiarity with shipping documentation and industry regulations
- Knowledge of international trade and shipping terms (Incoterms) advantageous
- Good knowledge of Charterparties and GT&C’s
- Proficiency in MS Office, particularly Excel
- Previous experience in a similar industry or role
- Strong analytical skills and attention to detail
- Excellent negotiation skills
- Ability to work independently and as part of a team
- Ability to work under time pressure
- Open and trustworthy with strong communication and networking skills
- Numerate and computer literate.
Demurrage & Contracts Analyst - Studentjob.co.uk in City of London employer: Jobster
Contact Detail:
Jobster Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Demurrage & Contracts Analyst - Studentjob.co.uk in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their operations. Be ready to discuss how your skills in demurrage and contracts can add value to their team. Show them you mean business!
✨Tip Number 3
Practice your negotiation skills! Since this role involves resolving claims and negotiating contracts, being able to demonstrate your ability to handle tough conversations will set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Demurrage & Contracts Analyst - Studentjob.co.uk in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in demurrage, shipping, and contracts. We want to see how your skills match the job description, so don’t be shy about showcasing relevant achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Demurrage & Contracts Analyst role. Be specific about your analytical skills and any relevant experience you have in managing claims or contracts.
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, make sure to include examples of how you've used these skills in past roles. Whether it's calculating demurrage charges or analysing data trends, we want to see your problem-solving prowess!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Jobster
✨Know Your Demurrage Basics
Before the interview, brush up on your understanding of demurrage principles and shipping logistics. Be ready to discuss how you would calculate demurrage charges and identify trends in data. This shows that you’re not just familiar with the terms but can apply them practically.
✨Master the Contracts
Familiarise yourself with the structure and key clauses of Sales Contracts. Prepare examples of how you've managed contracts in the past, including any challenges you faced and how you resolved them. This will demonstrate your analytical skills and attention to detail.
✨Showcase Your Communication Skills
Since the role involves liaising with various stakeholders, practice articulating your thoughts clearly. Think of scenarios where you successfully negotiated or resolved disputes. Highlighting these experiences will show that you can handle communication effectively under pressure.
✨Be Ready for Process Improvement Questions
Expect questions about how you would improve existing processes. Come prepared with ideas or examples from your previous roles where you identified inefficiencies and implemented solutions. This will illustrate your proactive approach and ability to collaborate with teams.
