Demurrage Senior Negotiator

Entity: Finance Job Family Group: Supply & Trading Group Job Description: Demurrage Senior Negotiator The Demurrage Team (part of Oil Operations) provide a first-class service to S T&S RPT 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 Senior Demurrage 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 optimize demurrage prevention to ultimately maximise trading profits. 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 3-5 years in finance or trading, or shipping 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 Relocation Assistance: This role is not eligible for relocation Remote Type: This position is a hybrid of office/remote working Skills: . Legal Disclaimer: We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.