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- Tasks: Manage demurrage claims and draft sales contracts for a leading trading company.
- Company: Established crude and oil products trading firm based in London.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Why this job: Join a growing team and make an impact in the oil trading industry.
- Qualifications: 3+ years in demurrage or logistics, strong analytical skills, and MS Office proficiency.
- Other info: Collaborative culture with a focus on process improvement and stakeholder communication.
The predicted salary is between 36000 - 60000 £ per year.
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: 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.
- 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
- 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
Demurrage & Contracts Analyst employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Contact Detail:
RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Demurrage & Contracts Analyst
✨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 makes perfect! Conduct mock interviews with friends or use online resources to refine your answers. Focus on demonstrating your analytical skills and problem-solving abilities, as these are key for the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Demurrage & Contracts Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Demurrage & Contracts Analyst role. Highlight your experience in shipping, logistics, and any relevant analytical skills. We want to see how your background aligns with the responsibilities listed in the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that demonstrate your problem-solving skills and attention to detail, especially in demurrage claims and contract management.
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, be sure to include examples of how you've used data analysis in previous positions. Whether it's identifying trends or resolving claims, we want to see your analytical prowess in action!
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 at StudySmarter!
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨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 analyse demurrage data and identify trends, as this will show your analytical skills and attention to detail.
✨Familiarise Yourself with Contracts
Make sure you understand the structure and relevant clauses involved in Sales Contracts. You might be asked about your experience in drafting or managing contracts, so having specific examples ready will demonstrate your expertise.
✨Prepare for Stakeholder Scenarios
Think of examples where you've effectively communicated with internal teams or external parties to resolve issues. Being able to articulate how you handle disputes or negotiate claims will highlight your problem-solving skills.
✨Showcase Your Process Improvement Mindset
Be prepared to discuss any past experiences where you've identified opportunities for process improvements. This role values innovation, so sharing how you've implemented best practices in demurrage management can set you apart from other candidates.
