Senior Contracts Analyst - Physical Oil - City Elite Transaction Services Ltd : Job Details

City Elite Transaction Services are delighted to be working with a globally recognised Trading and Shipping firm, assisting them in their search for a Senior Contracts Analyst for their London office.

The primary function of this role is to ensure data integrity and accuracy of risk undertaken by the business through a thorough trade verification and contract review process. The ideal candidate will help improve contract management processes and contribute to building a stable, quality-driven, and control-focused contracts desk.

Duties

• Reconcile trades within the system.
• Review counterparty contracts, focusing on purchase agreements for bulk cargo transactions.
• Manage the full contract life-cycle and counterparty contracts.
• Identify and mitigate risks associated with contract terms.
• Manage the confirmation process for marine bunker deals.
• Maintain strong audit trails and document management best practices.
• Ensure best practice contract management at all critical control points.
• Identify process gaps and assist in implementing enhancements.

Required Skills / Experience

• Experience as a Contracts Analyst within the physical commodities (Oil) sector.
• Strong understanding of contract lifecycle management.
• Strong knowledge with industry T&Cs and Incoterms.
• Highly organised with excellent attention to detail.
• Team-player mentality.
• Ability to manage conflicting priorities and meet tight deadlines.
• Excellent communication skills.
• Experience in standardised confirmation processes is a plus.

This role provides essential risk management and control, preserving and enhancing the company's risk mitigation and reputation in the oil trading industry.