Demurrage Negotiator

Entity:

Finance

Job Family Group:

Supply & Trading Group

Job Description:

Join our Supply Trading & Shipping function and advance your career as a

Demurrage Negotiator!

In this role You will:

Manage 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.

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

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

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.

What You will need to be successful:

Relevant university (economy or finance) degree

Minimum of 2-3 years in finance or trading, or shipping

1-2 years global/ multi-national company work experience

Fluent English knowledge

Interest in learning about the trading & shipping industry

Good problem solving, communication and interpersonal skills

Negotiation skills and ability to hold external relationships.

At bp, we provide the following environment & benefits to you:

Different bonus opportunities based on performance, wide range of cafeteria elements

Life & health insurance, medical care package

Flexible working schedule: home office up to 2 days / week, based on team agreement

Opportunity to build up long term career path and develop your skills with wide range of learning options

Family friendly workplace e.g.: Extended parental leave, Mother-baby room

Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program

Possibility to join our social communities and networks

Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices.

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!

At bp, we support our people to learn and grow in a diverse and ambitious 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.

Travel Requirement

No travel is expected with this role