Entity:

Finance

Job Family Group:

Supply & Trading Group

Job Description:

As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we’re home to a range of brands across many areas of our industry. We’re investing in today’s energy system and helping build out tomorrow’s. So, while we’re still in oil and gas, over the next decade we’ll become a different kind of energy company. We’re decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too – working across our industry to improve people’s lives.

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of finance business & technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at FBT Malaysia. And no matter where you work, your role will have meaning, purpose and impact. So, if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.

Join our Supply Trading & Shipping team and advance your career as a Demurrage Lead Negotiator.

The Demurrage Team (part of Oil Operations) provide a first-class service to ST&S RPT (Supply, Trading and Shipping Refined Products Trading) and the Fuels Value Chains (FVC’s) for handling demurrage and shipping related ancillary charges. We are experts for vessels and barges in the calculation and payment of freight, calculation and negotiation of demurrage claims, calculation and negotiation of related shipping costs such as deviation, detention, port costs etc., and the interpretation of the contract clauses to minimize exposure to claims wherever possible.

The Demurrage Lead Negotiator is responsible for managing a portfolio of demurrage claims and post fixture expenses. This involves payment of freight and handling Demurrage and Expense claims resulting from contracts with owners, oil majors and trading companies. Working in close co-operation with the Trading & Shipping community to provide analytical information and guidance to the trading benches, in order to reduce the risk of demurrage exposure and optimise demurrage prevention to ultimately maximise trading profits.

In this role You will:

• Acts as the first point of escalation for technical queries within your sub-team.
• Support the demurrage leadership to develop capability, including recruitment, coaching and training.
• Identify and drive continuous improvement activity working with key stakeholders.
• Review ways of working to drive process optimisation and a focus on delivering value.
• Manages a portfolio of claims in a systematic way to ensure timebars are not missed, meaningful responses are provided to counterparties, rigours negotiation is undertaken, and claims are closed in a timely manner.
• Support the team in the more complex claims and where required liaise and seek participation from the demurrage technical expert.

• Actively assist in the design and development of the systems that the business will be implementing for the future benefit of the group. Your expertise may be used to support and test new releases to ensure any system is fit for purpose.
• Review ways of working to drive the process optimization and a focus on delivering value.
• Ensure systems data is updated accurately and supervise data flows – flagging where concerns are raised.

• Calculation, preparation, verification of freight, contract shipping expenses and demurrage claims/invoices in accordance with oil trading contracts, general terms and conditions and charterparty terms.
• Ensuring strict adherence to various contractual/charterparty time bar clauses, minimising BP’s commercial loss.
• Responsible for demurrage, freight and expenses on behalf of select BP group companies.
• Investigation and collation of the facts and data gathered from Traders, Operators, Charterers, Legal and Tax Advisors in order to fully assess each individual demurrage claim.
• Negotiation of disputes with Group companies or Third parties using email, fax, telephone and face to face negotiation. Maximising value of each claim for bp within the context of ongoing relationships.
• Developing and maintaining relationships with 3rd parties including trading companies, vessel owner’s and brokers. Leverage these relationships to aid BP group and demurrage negotiation.
• Hold commercial relationships and manage complex negotiations with external counterparties to maximise value recovery and advance bp’s interests.
• Appropriately assigned costs to relevant benches to ensure accurate profits and losses are reflected, collaborating with Settlement Analysts and Commodity Risk to ensure this is done in a correct and timely manner.
• Provide detailed analytical assessments on a regular basis of outstanding claims/costs to trading benches and commodity risk.
• Identify improvement opportunities, provide feedback, and work with traders, charterers, operators and contracts team to optimise efficiency, improve contractual terms and create demurrage prevention.
• Review ways of working to drive process optimisation and a focus on delivering value.
• Provide commercial assistance to the oil and ship operators, oil traders and ship charterers. Ensure lines of communication with key stakeholders are maintained and utilised as required.
• Provide training and develop awareness of Demurrage activity and value add to the team and across the RPT business.
• Ensure compliance with all BP policies and procedures including Shipping policy and credit requirements.
• Work collaboratively across the Demurrage team to support team delivery.
• Ensure systems data is updated accurately and monitor data flows – flagging where concerns are raised
• Along with the Demurrage Team Leads and Senior Demurrage Negotiators the Demurrage Lead Negotiator jointly audit claims across the team including the STP agreements.

What You will need to be successful:

• Relevant university (economy or finance) degree
• Minimum of 5 years of experience in finance or trading, or shipping
• 2 years global/ multi-national company work experience
• Fluent English knowledge and ability to communicate effectively verbally and in writing
• Good analytical & technical skills (MS Office), strong numerical, written and oral skills
• Good attention to detail, ability to prioritise, organize and multi-task
• Interest in learning about the trading & shipping industry
• Good problem solving, communication and interpersonal skills- Strong commercial instinct – a focus on delivering holistic value for BP.
• Negotiation skills and ability to hold external relationships.
• Flexible and open thinker
• Ability to influence
• Ability to work under pressure to numerous and frequent deadlines
• Ability to prioritise and organise
• Attention to detail
• Ability to identify and embed best practice and cross bench consistency
• Continuous improvement focus – demonstrate a desire to understand, develop and improve processes to drive optimisation and focus time on commercial delivery.
• Performance Bias - focuses efforts and prioritises work to deliver business value

Why join us?

At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life! These benefits can include flexible working options, paid parental leave policy among others! We will ensure that individuals with disabilities are provided reasonable adjustment to participate in the interview process.

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Ancillary cost management, Commercial Acumen, Communication, Competitor intelligence, Customer service delivery excellence, Demurrage, Developing and implementing strategy, Group Problem Solving, Influencing, Inventory Management, Listening, Marine assurance, Mentoring, Negotiating, Shipping/transport, Supply chain management, Trade discipline and compliance, Trading and scheduling operations, Trading Fundamentals, Sentiment and Trends, Trading knowledge, Troubleshooting, Voyage operations

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.