The company is looking for candidates with a high level of attention to detail. Image Credit: Peninsula
Global marine fuel supplier and trading firm Peninsula is seeking to hire a contracts analyst in London.
The company is looking for candidates with a high level of attention to detail and preferably experience in physical commodities and trading platforms and exposure to physical oil contracts or legal documentation drafting, it said in a job advertisement on LinkedIn.
The advertisement lists the following responsibilities for the role:
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Cross-checking and verification of marine bunker deals against recaps, offer sheets, confirmations and the trading system.
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Reconciliation of physical oil trades against trader recap, broker recap, counterparty contracts and the trading system.
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Prompt resolution and communication of trade discrepancies.
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Verification and validation of trades within the trading platform no later than trade date plus day 1 (“T+1”).
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Preparation of sales contracts no later than T+1 and dealing with countering of contracts to conclusion.
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Reviewing counterparty contracts and countering promptly, addressing discrepancies directly with counterpart and with internal stakeholders.
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Following up with counterparties, no later than T+1 and by means of purchase confirmation issuance if purchase contracts are not received in good time.
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Maintaining a strong audit trail and document management good practice in the electronic tracking and logging of contracts and all related documents and correspondence.
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Identifying potential problems; monitoring recurring issues; mitigating against risk.
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Direct point of escalation internally on trade support/documentation queries.
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Seeking efficiencies.
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Communication with external parties and internal business partners.
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