Contract Analyst

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My client, an Energy Trading Company based in Canary Wharf, requires a Contract Analyst

Role Definition:

Negotiation and drafting of contracts and review of all inbound contract documentation, including the basic provisions of General Terms and Conditions. Responsible for the provision of advice to stakeholders including front office, regarding standard contractual terms. Understanding and following of the IST Contacts Control Procedure including adhering to key performance targets.

Key Accountabilities:

Accurate preparation of contracts for standard physical deals, including straightforward Marine trades. Ensuring these are issued promptly and always prior to delivery. This includes purchases for which we have received no contract from the counterparty.

Accountable for checking and confirming the accuracy of any recaps and third party contracts against our trade capture system, ensuring prompt resolution of any discrepancies. Sufficient commercial understanding required to draft straightforward responses ensuring contracts result in minimum overall exposure for IST.

Provision of advice to the business, with support from Legal and/or Contracts Team Leader as required, both in respect of pre-trade information and the resolution of disputes arising in the operation or completion of the trade.

Accountable for the review of key controls including Contracts Critical Guidelines in third party contracts and General Terms and Conditions as and when required. Provision of advice to the business as to issues within such terms which may adversely affect the deal if applied.

Liaise with Legal as required to develop proposed solutions.

Identify opportunities to negotiate with third parties to agree letter agreements with standard variations to third party and/or terms and provide proactive input to Legal as required to achieve conclusion.

Develop and maintain robust Front Office and stakeholder relationships, including Credit, Demurrage and Legal in particular.

Accountable for the timely escalation of any issues, risks, concerns, control or process gaps through to resolution. Ensure these are shared as appropriate with other teams / functions to mitigate against further issues.

In conjunction with the Contracts Manager, accountable for the provision of accurate and timely KPI measures.

Participate in and support ad hoc projects as required.

Essential Education:

No specific qualifications required

Essential Skills and Experience:

Foster effective teamwork and collaboration. Ability to articulate the vision of Contracts, GFS, IST Finance & Risk and the Regional Business Strategy.

Able to support and implement change.

Proven experience in identifying continuous improvement opportunities and able to identify and support implementation of innovative solutions

Strong stakeholder management/customer service capabilities with ability to establish rapport and develop strong relationships with a wide network of both internal stakeholders and external customers.

Ability to adapt own communication style to suit the requirements of different audiences and demonstrate willingness to appropriately challenge and stand one’s ground when necessary.

Excellent oral and written communication skills.

Ability to prioritise multiple tasks with good organisational and time management skills.

Detail oriented with strong work ethic and accountability.

Knowledge of standard financial and physical trading instruments.

Knowledge of business drivers and how Contracts support delivery of the business strategy.

Desirable Skills and Experience:

Thorough understanding of the control framework. Ability to identify control deficiencies and potential points of compliance breakdown and escalate and support implementation of remediation.

Working knowledge of the basic principles of contract law.

Understanding of my clients standard company contracts and types.

Basic understanding of operational deal cycle for more standard types of marine trade (e.g. FOB and CIF) and the commercial and compliance exposures related to them

Ability to draft responses to standard counterparty contract clauses which do not match the companys contractual position.

Ability to recognise and interpret issues arising from changes within the market and seek understanding of how these affect the contractual and other control arrangements.

Understanding of basic principles of financial and physical Master Agreements structure and how they impact confirmations processes.

Knowledge of local and/or global regulatory requirements.

Thorough understanding of all Contracts processes.

Thorough understanding of overall deal lifecycle and the impact of Contracts processes on the lifecycle.

Understand the team risk profile and, in conjunction with the Contracts Manager, identify and mitigate operational risk issues.

Relocation Available:

? No

Travel Required:

? No