Claims Executive/Demurrage Analyst (Oil )

Responsibilities

• Handle oil trading contract claims, calculate, analyze, and put forward feasible proposals to the trading team.
• Liaise and negotiate with suppliers’ counterparties for claims, maintain a pro-active approach and endeavor to maximize the receivable claims and try to achieve win-win solutions with payable claims.
• Effectively manage open demurrage claims and keep track of growing volumes, be sensitive to any potential snowballing of aging claims and pro-actively work with appropriate business units to keep track and settle the claims.
• Identify exposures to the company and report traders and shipping team lead on pending claims that may have adverse impacts on the company.
• Compile and report monthly trading demurrage report.
• Handle all ad-hoc demurrage inquiries and reports from HQ.
• Maintain smooth relationship with counterparts to maintain company image in the market and facilitate smoother negotiations and claims agreements.
• Coordinate with trading operators closely and maintain a healthy inter-intra-departmental working relationships.
• Work closely with other demurrage claims colleagues and cover each other’s work scope when necessary.
• Other administrative support when needed.

Requirements

• Bachelor’s degree in maritime, shipping, logistics or equivalent.
• Min 3 years of relevant working experience in shipping or oil trading industry.
• Good understanding of contracts (incoterms FOB, CIF, DES), charter parties, and key lay-time and demurrage provisions.
• Strong analytical skills and commercial awareness.
• Possess good verbal and written negotiation skills.
• Good team player and self-motivated. Meticulous and inquisitive.