Job Description

• Monitoring of completed vessel movements in order to update budgets and create demurrage and secondary receivable claims in a timely manner
• Prepare receivable claims under relevant terms and conditions using detailed analysis and understanding of Charter Party and Trading contracts
• Review payable claims for validity and accuracy to determine if they are consistent with the contracts, time logs, and operators notes. Dispute/negotiate inaccurate claims
• Communicate and negotiate settlements with external business partners to achieve the best resolution for Vitol
• Update budgets in Vitol’s trade capture system and ensure all claim communication is filed in Vitol’s electronic filing system
• Communicate with operators, traders, and commercial analysts of changes in budgeting/PNL loss and advise reason changes
• Notify traders, operators and contracts when demurrage and laytime clauses in contracts leads to loss of profit or opportunities
• Notify Chartering when claim clauses in charter parties results in ambiguity, loss of profit and settlement difficulties with marine transportation owners
• Monitor settlement of claims and aging receivables, following up with counterparties regularly.
• Support commercial team for any requests regarding demurrage and claims costs

Qualifications

• Minimum 2 years experience in demurrage / post deal analysis
• Strong analytical, critical thinking, and problem-solving skills
• Able to quickly learn new skills and grasp new concepts
• Excellent written and oral communication skills
• Strong desire for personal learning and sharing of skills with others
• Develop and maintain relationships with industry representatives to create an environment of equitable resolution of demurrage issues
• Ability to effectively influence and negotiate prudent settlement
• Lead business opportunities to improve demurrage results and overall exposure

Additional Information

All your information will be kept confidential according to EEO guidelines.