Our Client is one of the Top 10 Fortune 500 MNC in the Oil and Gas industry.
The Commercial Advisors in the Contracts team are responsible for the management of the entire trading and supply Contracts process from pre-deal to post-deal contractual activities, providing commercial/contractual advice on drafting and reviewing of contracts (including master agreements and confirmations for the derivatives and emissions trading business), and ad hoc problem solving involving trading and supply contracts.
Key Responsibilities
• Provide pre and post deal commercial advice plus general LNG, emissions, derivatives and freight contractual advice to support the Business objectives.
• Advise traders of the commercial, contractual and financial risks associated with their business, identifying areas where there are opportunities for value creation as well as areas where the exposure to value leakage exists.
• Combine commercial knowledge with contracts expertise to deliver tangible value to Client’s bottom line.
• Draft, review and negotiate term deals, tenders, storage agreements, master agreements, single trade agreements, confirmation notices and side letters directly with customers with an emphasis on negotiating terms and conditions that maximises value and mitigates contractual exposures to minimise profit leakage.
• Review and authorise all contracts/responses, making modifications where necessary to ensure contracts accurately reflect the terms agreed, and to ensure all contracts are fit for purpose prior to dispatch.
• Review 3rd Party terms and conditions and negotiate amendments as required to minimise contractual exposure and ensure they acceptable and comply with Client’s Group policy and standards whilst at the same time maintaining a keen sense of commercial acumen in empowering the business objectives of creating new and additional channels for trade.
• Help find opportunities to increase value by working intimately with trading desks and closely with other businesses across the value chain and advise the trading desks in negotiating complex contractual arrangements and structured contracts in close consultation and collaboration with various functional subject matter experts such as Finance, Credit,
Legal, etc.
• Provide contractual support in drafting and negotiating ad hoc agreements to facilitate new business development/growth projects.
• Provide advice, help and commercially astute options in achieving win-win resolutions of contractual disputes with counterparties, liaising with legal counsels as necessary.
• Must be accessible to the trading floor and available to engage and collaborate with traders, commercial operations and other functions, taking part in commercial discussions to help deliver the greatest value for Client. Close collaboration and integration with the business is critical to success.
• Maintain an awareness of any new trade opportunities and regulatory restrictions that may involve changes to existing procedures or support processes and remain constantly adaptable towards procedural changes necessary to facilitate such new
opportunities without compromising on internal policies and overall governance and risk control
framework.
• Lead/actively participate in running the Contracts Workshop and administering the Contracts assessment as part of the Trader Development Program and in training new commercial operators and Trading & Supply staff.
• Maintain mastery in undertaking the comprehensive role played within Client’s Control Framework and protect Client’s license to operate by ensuring/ verifying that all contracts comply with alllocal implementation policies, manual of authorities, business controls, Shell Group policy and standards (including but not limited to the Contractual Allocation of Risk Framework and its consequent internal assurance process and SOX controls) as well as meet all regulatory and regulated market requirements.
• Provide cover for the contracts support analyst supporting the environmental products business in the East, where required.
Requirements
· LLB (Hons) degree with at least 5 years post-qualification experience in a (i) law firm; (ii) in-house legal position; or (iii) energy/commodity trading or shipping environment in a commercial, operational or legal/contract administration role; or
· Degree with at least 10 years of experience in an energy/commodity trading environment in a contract administration role.
If you are keen to know more about this role, please email Mary at [email protected] and send your resume in MS Word format. Note that only shortlisted candidates will be contacted.
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This is in partnership with the Employment and Employability Institute Pte Ltd (“e2i”).
e2i is the empowering network for workers and employers seeking employment and employability solutions. e2i serves as a bridge between workers and employers, connecting with workers to offer
job security through job-matching, career guidance and skills upgrading services, and partnering employers to address their manpower needs through recruitment, training, and job redesign
solutions. e2i is a tripartite initiative of the National Trades Union Congress set up to support nation- wide manpower and skills upgrading initiatives. By applying for this role, you consent to RMA Group’s PDPA and e2i’s PDPA.
Mary Marquez (EA Regn No: R1326974)
RMA Consultants Pte Ltd (EA Licence No: 93C4403)
