Oil and Gas Claims Specialist
1 week ago
We are seeking an experienced Demurrage & Claims Executive to join our team at APBA TG Human Resources Pte. Ltd.
About the Role:The successful candidate will be responsible for handling oil trading contract claims, including calculation, analysis, and proposing viable solutions to the trading team. This role requires strong analytical skills, commercial awareness, and excellent negotiation and communication skills.
The ideal candidate will have a solid understanding of contracts (incoterms FOB, CIF, DES), charter parties, and key lay-time and demurrage provisions. They will also possess proficiency in Mandarin and at least 3 years of relevant experience in the oil shipping or oil trading industry.
This is a fantastic opportunity for an ambitious professional to take their career to the next level in a dynamic and fast-paced environment.
Key Responsibilities:- Oversee the handling of oil trading contract claims, including calculation, analysis, and proposing viable solutions to the trading team.
- Communicate and negotiate with suppliers' counterparties regarding claims, aiming to maximize receivables and achieve mutually beneficial outcomes for payables.
- Manage open demurrage claims, monitor increasing volumes, address potential aging claims proactively, and collaborate with relevant business units to track and resolve claims.
- Identify potential exposures and report to traders and shipping team leads on pending claims that could negatively impact the company.
- Prepare and submit monthly trading demurrage reports.
- Address and respond to all ad-hoc demurrage inquiries and reports from the head office.
- Maintain strong relationships with counterparts to uphold the company's market reputation and facilitate smoother negotiations and claim settlements.
- Work closely with trading operators and maintain healthy interdepartmental relationships.
- Collaborate with other demurrage claims colleagues and provide mutual support as needed.
- Bachelor's degree in maritime studies, shipping, logistics, or a related field.
- Proficiency in Mandarin to converse with Mandarin speaking counterparts.
- At least 3 years of relevant experience in the oil shipping or oil trading industry.
- Solid understanding of contracts (incoterms FOB, CIF, DES), charter parties, and key lay-time and demurrage provisions.
- Strong analytical skills and commercial awareness.
- Excellent verbal and written negotiation skills.
The estimated salary for this position is $80,000 - $120,000 per annum, depending on experience.
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