Senior Oil Contracts Analyst

ZipRecruiter; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading commodities trading firm in London is looking for a Contract Documentation Specialist. Responsible for generating and reviewing contracts for various commodities, candidates should have at least 6 years of relevant experience and strong analytical skills. This role offers a dynamic environment where effective communication and organization are key to success.

Qualifications

• Minimum of 6 years of experience in trade contract processes for physical and financial commodities.
• Strong MS Word & Excel skills required.
• Ability to identify control gaps and solve problems.

Responsibilities

• Generate, prepare, and review commodities contracts.
• Communicate with internal stakeholders to resolve risks.
• Analyze contract terms to mitigate risks.

Skills

Analytical skills

Organizational skills

Communication skills

Decision-making

Time management

Education

B.A. degree or equivalent in business, finance, or energy-related field

Tools

MS Word

Excel

Tempest

Epsilon

Balsamo

Aspect

Job description

Overview

Our client is a truly global Commodity trading company who trade both physical and financial commodities including, Gas & Power, Oil, Metals, and Agricultural products, and more…

The candidate will be responsible for carrying out front-to-back contract documentation processes for a range of commodities, including products such as Refined Metals, Physical Oil Liquids, Environmental Products, both physical and financial.

Daily functions include generating and transmitting contracts, processing broker recaps and counterparty contracts, and completing daily reporting tasks along with providing support for major projects and ad hoc tasks. Oversight of daily contracts team processes and providing wide-ranging support to other team members will be a substantial requirement in this role.

The candidate must demonstrate the ability to follow procedures, identify controls gaps, and problem solve. Effective time management and prioritization, developing and maintaining strong relationships with key stakeholders, following up on outstanding issues to ensure resolution, and recognizing when to escalate problems are key to the role. The candidate should have the ability to look beyond specific tasks and ask questions relevant to their role and demonstrate the use of sound judgment in decision-making.

MAIN RESPONSIBILITIES

• Generate, prepare, and review commodities contracts for a range of commodities products.


• Reconcile trade details against trade tickets, counterparty contracts, and broker recaps.


• Analyse and identify contract terms that will place the company and shareholders at risk.


• Communicate with internal stakeholders such as Ops, Legal, Credit, Settlements, Traders and Compliance to resolve identified risks and draft required changes.


• Ensure terms of all contracts adhere to corporate risk policy and business standard.


• Escalate any issues that contradict internal policies to management.


• Special projects as and when required.


• Lead the team and provide wide ranging support

REQUIREMENTS

• Minimum of 6 years of knowledge and experience in front-to-back trade contracts processes for a range of physical and financial commodities products


• B.A. degree or equivalent, preferably in a business, finance, or energy-related field


• Strong MS Word & Excel


• Strong analytical skills


• Strong organizational and communication skills


• Sound decision-making skills


• Systems: Experience of Tempest, Epsilon, Balsamo & Aspect desirable but not essential


• A willingness to learn new skills and a commitment to applying and developing such skills for the greater benefit of the back-office group