Company: Saudi Aramco
Skills: Accounting, Financial Analyst, Legal
Experience: 3 + Years
Education: Bachelors/3-5 yr Degree
Location: Saudi Arabia
No location/work authorization restrictions found.
We are seeking a Demurrage Analyst to join Crude Oil Sales and Marketing Department.
Your primary role is to provide technical, legal, administrative and financial evaluation related to demurrage process and its relevant activities for Crude Oil and LPG commodities. .as well as to coordinate with all levels of management and professionals with international customers, storage terminals shipping companies and inspection companies.
You will have frequent contact with different levels of management and operating personnel within Saudi Aramco including Finance, Treasurer's, Law, IT, Oil Supply Planning and Supply (OSPAS), Refineries, terminals and overseas affiliates.
You will review and minimize financial loss and exposure by recommending and monitoring commercial, technical and administrative controls to or from Saudi Aramco Export customers. You will propose and provide special studies and analysis to enhance or optimize sales realizations.
As the successful candidate you will hold a Bachelor's degree in Marketing, Finance, Business Administration, Law or any other related degrees from a recognized and approved program. And you will have three years' experience in Demurrage analysis.
Duties and Responsibilities
You will be required to perform the following:
Analyze, in the most economic and efficient manner possible, all Demurrage claims received from various customers of crude oil or LPG to and from Saudi Aramco's FOB exports.
Handle freight and demurrage claims between Bolanter and Bahri based on Contract of Affreightment (COA).
Review Crude oil Sales/LPG Agreements and Spot Sales agreements.
Maintain Average Freight Rate Assessment (AFRA) & World Scale freight and demurrage rates.
Maintain business communications and relations with customers, suppliers and service companies in regard to ongoing operations, inquiries or disputes.
Update Terminal Terms and Conditions to comply with international Practices.
Prepare financial forecasts of international crude/LPG demurrages based on Volumes, historical and data analysis.