Commodity Contract Specialist – Trading & Risk Management

Petron Singapore Trading Pte Ltd

Singapore

On-site

SGD 60,000 - 90,000

Full time

3 days ago

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Job summary

Petron Singapore Trading Pte Ltd in Singapore seeks a contract specialist to draft, review, and negotiate contracts for physical commodity trades. You will ensure terms reflect pricing, quantity, and delivery details, and align agreements with trading strategies.

You will maintain end-to-end contract lifecycle, identify and mitigate risks, and support compliance with global trade standards. Strong drafting and negotiation skills with 1–2 years in related roles are essential.

Qualifications

Bachelor’s degree in law, Business, Supply Chain, Finance, Engineering or related field.
1-2 years of experience in commodity trading, contract management, legal, or commercial operations.
Strong understanding of international trade contracts and Incoterms.
Experience in oil & gas / commodities / shipping environment preferred.
Strong contract drafting and interpretation skills.
Commercial and financial acumen (P&L awareness).
Risk identification and mitigation capability.
Stakeholder management and negotiation skills.
High attention to detail and problem-solving mindset.
Proficiency in Excel and contract management systems.

Responsibilities

Draft, review, and negotiate sales, purchase, and supply contracts for physical commodity trades.
Ensure contracts accurately reflect agreed terms (pricing, quantity, delivery terms).
Align contracts with trading strategies and operational capabilities to ensure seamless execution.
Maintain contract lifecycle management from deal capture through to execution and closeout.
Ensure timely issuance, confirmation, and execution of contracts to support trading activities.
Identify, assess, and mitigate contractual, operational, and financial risks in trading agreements.
Ensure compliance with company policies, regulatory requirements, and global trade standards.
Review contract clauses (e.g., force majeure, indemnity, liability, dispute resolution) to safeguard company interests.
Monitor contractual obligations and ensure adherence by internal stakeholders and counterparties.
Partner with traders to structure contracts that optimize margins and reduce risk exposure.
Provide insights into pricing mechanisms, cost components, and contractual implications on P&L.
Support dispute resolution and claims management, including quantity/quality disputes, delays, and
Ensure accurate interpretation of contract terms in financial settlements and invoicing.
Contribute to cost recovery and revenue protection through strong contract governance.
Liaise with traders, operators, legal teams, and finance to resolve contract-related issues.
Coordinate with suppliers, customers, and external parties to clarify and negotiate contract terms.
Support supplier performance management by ensuring contracts reflect operational realities.
Develop and standardize contract templates and clauses for efficiency and consistency.
Identify process gaps and implement improvements to strengthen contract management practices.
Maintain contract databases and tracking systems to monitor obligations and performance.
Provide reporting on contract status, risks, disputes, and compliance metrics.
Support digitalization and automation initiatives in contract lifecycle management.