Responsibilities for this position may include but are not limited to:
- Manage assigned demurrage claims, properly auditing and conducting data analysis in support of the trading organization.
- Track potential demurrage claims.
- Gather supporting claim documentation.
- Calculate lay time and negotiate final demurrage settlements.
- Grasps the commercial aspects and implications of demurrage claims handling and keeping accurate records of claim amounts and counterparties.
- Possesses a keen business sense, able to analyze and apply commercial understanding to support the customer.
- Report the status of demurrage negotiations to traders and/or the Risk Department
- Work closely with Finance/Accounting to ensure efficient processing of demurrage payables and proper billing of receivables.
- Responsible for reviewing contracts and providing feedback on the potential demurrage exposure.
- Builds and maintains professional relationships with internal and external clients.
- Analyzes demurrage trends to understand business updates and advises the trading group in ways to minimize future risk.
- Develop ad-hoc metrics when needed.
Required Qualifications:
- B.S.
- Experience with analyzing data and reporting out
- Good analytical skills and able to analyze large data and create metrics.
- Strong critical thinker and problem solver.
- Knowledge and exposure to contract interpretation
- Has a good understanding of the oil and shipping industry, key drivers and players as they relate to demurrage.
- Understand commercial aspects and implications of demurrage claims handling.
- Successful multitasker and can perform under pressure and strict timelines.
- Communicate effectively and professionally both verbally and in writing.
- Excellent negotiation skills and ability to create strong relationships.
- Has trained or worked in a marine commercial set up or similar.
Preferred Qualifications:
- B.S. Maritime Business Administration
- Marine Shipping Knowledge is strongly preferred.