Contract Administrator

1 week ago

Central Singapore LUKOIL ASIA PACIFIC PTE LTD Full time

**Location**
- Singapore, Central Singapore**Job Type**
- Full Time**Salary**
- $7,000 - $10,000 Per Month**Date Posted**
- 2 hours agoAdditional Details

**Job ID**
- 142261**Job Views**
- 1Roles & Responsibilities

**The primary responsibility of Contract Administrator is preparation, administration, coordination and review of contracts.**

**Essential duties and responsibilities**

**1. Management of Sale and Purchase Contracts**
- Draft sales and purchase contract for crude oil, petroleum products and petrochemicals, complete contract documentation with the counterparty;
- Ensure contracts are clear, robust and accurately reflect the intentions;
- Review contracts and counters/comments received (from counterparties) for ambiguities/inconsistencies and to ensure they accurately reflect the intentions;
- Provide technical guidance to internal stakeholders;
- As and when applicable, negotiate terms with internal/external stakeholders;
- Review/update existing contracts/standard terms and conditions;
- Ensure contracts and work provided/done comply with company orders, procedures and policies;
- Proper/effective management of deal validations;
- Ensure understanding of contractual terms;
- Manage contract risk;
- Ensure proper record keeping of contractual documents and correspondences; and
- Review tender participation and comment/advise/highlight within submission deadline

**2. Review/Draft Storage Contracts and Letter of Indemnity.**

**3. Assist Head of Legal is KYC matters (proper/appropriate guidance will be provided).**

**Competency requirements**
- Minimum 5 years of contract administration experience in a commodities trading house, bank or oil major.
- Law degree (common law jurisdiction) highly desired but not a requirement.
- Keen eye for detail, organized and thorough.
- Able to work independently i.e. draft/counter/negotiate physical commodity contracts but also a good team player and know when to ask questions and seek help.
- Sense of urgency, ability to multi-task at a high level, positive can-do attitude.
- Good command of English is essential.

Tags

contract

administrator

draft

review

sales

contracts

for

crude

oil

and

petroleum

products

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