Senior Commodity Contracts Analyst

Richard James Recruitment Specialists Ltd; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Our client, based in Central London, seeks an experienced contracts professional with a solid energy trading background to oversee LNG and refined products trading contracts.

You will draft, review and negotiate agreements, support traders, and ensure compliance across trade entries and documentation within a busy contracts team.

Qualifications

• Good understanding of the energy trading industry with a solid contractual background focused on physical commodity trading.
• Detailed knowledge of LNG and/or Refined Products trading is a prerequisite.
• Solid knowledge of contractual trading agreements, General Terms and Conditions, complex contractual arrangements (including LNG MSPAs).
• Excellent interpersonal and communication skills (verbal and written).
• Pro-active, self-motivated team player that builds strong relationships.
• Strong analytical skills with meticulous attention to detail.
• Be diligent and dedicated to managing ad-hoc analysis and projects in a timely manner.
• Teamwork skills and ability to work with others to accomplish group goals and implement process changes.

Responsibilities

• Drafting and negotiating sale and purchase contracts in relation to physical LNG and Crude oil derived Product / Bio Products.
• Reviewing incoming purchase contracts and responding to them in a timely manner.
• Validate trade entries and work closely with trading teams to ensure the accuracy of the Energy Trading and Risk Management (ETRM) system, to ensure timely trade confirmation and resolution of any discrepancies.
• Providing basic contractual support and advice to traders, operators and other internal stakeholders in relation to contractual queries and any operational problems that may potentially arise.
• Providing pre and post deal commercial advice to traders, operators and relevant internal departments as necessary, ensuring optimum terms and conditions are negotiated and risks mitigated.
• Understand the associated compliance issues and critical controls affecting relevant trades and reporting potential problems to the relevant internal departments, as necessary.
• Assuming responsibility for controlling all relevant administration relating to trades which fall within given remit, including preparation of outward and review of inward contracts, as well as ensuring compliance by traders with all control requirements relating to deal entry and authorisation of trade documentation.

Skills

Energy trading industry knowledge

Contractual background

LNG/Refined products knowledge

Excellent interpersonal communication

Pro-active team player

Analytical skills

Attention to detail

Organizational skills

Job description

Our client is a trader of Commodity and Energy products including, Gas, Power, LNG ,and Oil, based in Central London. They offer a unique chance to work within a growing and diversifying business, with a strong commercial appetite.

Reporting to the Contracts Manager and working as part of the wider Legal Affairs and Contracts team, the successful candidate will have a good understanding of the energy trading industry with a solid contractual background with a focus on physical commodity trading contracts.

RESPONSIBILITIES:

• Drafting and negotiating sale and purchase contracts in relation to physical LNG and Crude oil derived Product / Bio Products.
• Reviewing incoming purchase contracts and responding to them in a timely manner.
• Validate trade entries and work closely with trading teams to ensure the accuracy of the Energy Trading and Risk Management (ETRM) system, to ensure timely trade confirmation and resolution of any discrepancies.
• Providing basic contractual support and advice to traders, operators and other internal stakeholders in relation to contractual queries and any operational problems that may potentially arise.
• Providing pre and post deal commercial advice to traders, operators and relevant internal departments as necessary, ensuring optimum terms and conditions are negotiated and risks mitigated.
• Understand the associated compliance issues and critical controls affecting relevant trades and reporting potential problems to the relevant internal departments, as necessary.
• Assuming responsibility for controlling all relevant administration relating to trades which fall within given remit, including preparation of outward and review of inward contracts, as well as ensuring compliance by traders with all control requirements relating to deal entry and authorisation of trade documentation.

EDUCATION & QUALIFICATIONS REQUIRED:

• Good understanding of the energy trading industry and solid contractual background focused on physical commodity trading.
• Detailed knowledge of LNG and/or Refined Products trading is a prerequisite.
• Solid knowledge of contractual trading agreements, General Terms and Conditions, complex contractual arrangements (including LNG MSPAs), storage agreements etc advantageous.
• Excellent interpersonal and communication skills (verbal and written).
• Pro-active, self-motivated team player that builds strong relationships.
• Strong analytical skills with meticulous attention to detail.
• Be diligent and dedicated to managing ad-hoc analysis and projects in a timely manner.
• Teamwork Skills – ability to work with others to accomplish group goals and implement process changes. Demonstrated teamwork inside and outside immediate area of responsibility.
• Communication Skills – initiates communications within the team to learn and share knowledge and follows up to ensure message is received. Ability to communicate well with front, mid and back-office personnel as well as Senior levels of management. Listens attentively, seeks to understand others viewpoints, and tests for understanding.
• Organization Skills – ability to prioritize multiple tasks to meet deadlines in a fast-paced environment.