Entity:
Finance
Job Family Group:
Supply & Trading Group
It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.
Join our Budapest Demurrage Team and advance your career as a
Demurrage Team Lead
The Demurrage Team provides a first-class service to ST&S and the Fuels Value Chains (FVC’s) for handling demurrage and shipping related ancillary charges. We are experts for vessels and barges in the calculation and payment of freight, calculation and negotiation of demurrage claims, calculation and negotiation of related shipping costs such as deviation, detention, port costs etc., and the interpretation of the contract clauses to minimize exposure to claims wherever possible.
The Team Lead is responsible for setting direction, creating a vision and optimizing the day to day activities. The Team Lead is expected to understand and articulate to their team the GOE strategy and how the Demurrage team can most effectively contribute to its delivery. The role focuses on process improvement, providing strategic interventions and team leadership. This role will maintain a claims portfolio and must understand technical demurrage to support resolution of claim and relationship-based disputes. At time the Demurrage Team Lead may need to take on additional operational activity to support the team through intense periods.
In this role you will (be):
Provide leadership through vision creation, direction, decision-making with sound judgement, coaching and a broad commercial focus. Act as a leader for the entire Demurrage team.
Develop individual/teams’ capabilities to enhanced delivery for bp. With a focus on both technical development and broader commercial/change skills.
Develop strong internal relationships with the trading benches and key teams to facilitate high quality delivery for bp. Maximising profits, minimising losses, and working collaborative to optimise delivery.
Develop strong external relationships with counterparties to support positive commercial relationships and leverage positive outcomes for bp.
Understand and engage with bench/GOE strategy to advise demurrage activity to support their delivery. Help negotiators to see and consider the complete situation.
Identifying and implementation strategic interventions to improve the Demurrage team’s performance and delivery. Develop team members to deliver initiatives.
Along with the Demurrage Managers, Senior Demurrage Negotiators jointly audit claims across the team including the STP agreements.
Drive continuous improvement in the team’s activity, nurturing a CI attitude within the team and delivering increasing efficiency and value for the business.
Understand demurrage implications and support the trading and operations teams before, during and after deal transactions to deliver value for the business. Leverage relationships to ensure demurrage are engaged to provide pre-deal support.
Support the team through coaching of more complex claims, issue resolution, the delivery of change and counterparty interactions. Where required liaise and seek participation from the demurrage technical experts.
Develop an open, collaborative, and learning culture within the team. Particularly in relation to incident management, lessons learned and workload distribution.
Responsible for the accuracy, timely response, and quality of negotiation.
Play an active part in ensuring that the operational capabilities and procedures are in place to support delivery of the GOE strategy, new business, new regulations, and policy changes.
Actively assist in the design and development of system implementation projects for the future benefit of the group. Use demurrage expertise to support and test new releases to ensure systems are fit for purpose.
Continuously improving the technical capability of the RPTE Demurrage Team, managing complex claims and systems and process change
Manage an individual claims portfolio to optimise team delivery and support intense periods.
Ensure the team has the right balance of capabilities to deliver for BP.
Manage, maintain and seek to improve internal relationships on behalf of the Demurrage team. Seek to drive standardisation and simplification in interactions.
Active member of the Global Demurrage Leadership community – where required leading global meetings.
Drive annual delivery agenda working with peers and Senior Negotiators to identify key objectives. Set expectations and hold the team to account for delivery
Hold external relationships with external counterparties, owners and brokers. Act as a point of escalation for their concerns.
Support the Demurrage recruitment process
What you'll need to be successful:
Relevant university (economy or finance) degree
Minimum of 5 years of experience in finance or trading, or shipping
Minimum 2 years of experience in managing various teams and projects. Demonstrates a track record of high level and impactful leadership skills that can be defined broadly as:
Lead through our Values.
Build enduring capability.
Energize people
Maximize value
Knowledge about the trading or shipping industry, physical oil environment
Fluent English knowledge and ability to communicate effectively verbally and in writing
Ability to quickly learn required technical aspects of the role.
Commercial competence and alignment with GOE strategy.
Strong leadership and coaching capability.
Strong stakeholder-engagement and relationship build capability. Using these relationships to influence decision making.
Passion for continuous improvement and ability develop capability with team members.
Ability to deliver through others.
Strong problem solver with collaborative style.
Able to work under pressure.
At bp, we provide the following environment & benefits to you:
bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!
At bp, we support our people to learn and grow in a diverse and ambitious environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life.
We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment.
Travel Requirement
Negligible travel should be expected with this role
Relocation Assistance:
This role is not eligible for relocation
Remote Type:
This position is a hybrid of office/remote working
Skills:
Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.
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