Commercial Associate

Job Description

An international shipping company is currently recruiting a Commercial Associate to work in their office in London.In this role you will be responsible for contract management of assigned LNG Carriers from a financial perspective, ensuring effective communication and co-ordination with the Charterer, respective vessels, Shareholders, Technical Managers and internal supportteams, and OPEX budget and cost management.TYPE: Permanent, full-timeWORKING HOURS: from Monday to FridaySALARY: Negotiable, depending on experienceSTART: ASAPLOCATION: LondonCommercial Associate Main Responsibilities:• Owner/Shareholder representative and Manager’s representative for a fleet of LNGC’s that are owned under Joint VentureAssist Manager in maintaining close and effective communications with Charterers Representatives based in Istanbul, France, Norway and Singapore, Joint Venture Owners based in Japan, Norway & Turkey, Technical Managers for SRV’s, KARMOL & LNGBV’sUnderstanding of all contractual documentations and correct application of all contractual terms and conditions to daily tasks where required.Ensure effective governance and compliance of all relevant Agreements listed below, however the list is not exhaustive:-Time Charter Party-Ship Management Agreements-Financing arrangements & reporting requirements based on this-Joint Venture and Shareholder Agreements-Shipbuilding Contracts-Facility Agreement-Insurance policies (H&M, Loss of Hire, War and P&I)Ensure vigorous control and review of Ship Technical Manager actual spendbudgetUnderstanding of pre-delivery and post-delivery budgets, able to assist with reviewing them, and advise Technical Manager the budget assumptions where require• Preparation of analysis reports between different set of budgets (pre-delivery and post-delivery budgets) and actuals and/or estimates• Preparation on the financial part of various report such as Business Report and Shareholder presentation• May require to attend and/or present the reports to various stakeholders such as Senior Management, Joint Venture Owners and Charterers• In depth understanding of the project to be able to efficiently monitor, correctly track OPEX & CAPEX costs, items for recharges and advice Technical Manager and various Finance Departments accordingly• Maintain account payable and receivable function, keep up to date with funding schedule and management fee schedule including calculations• Identify and improve processes and/or procedures to ensure efficiency• Ensure relevant certificates, licenses and insurance documents are in place and renewal of such documents in good time manner• Ensure effective management of the special purpose companies contained within the joint venture projects• Provide covering for Team members when required• Ensure Owners & Shareholders reports are submitted as per the agreed deadlines• Prepare Budget documents and analysis for approvals• Handle ad-hoc requests // clarifications from Shareholders / Owners• Ensure effective communications with all stakeholdersCommercial Associate Ideal Candidate:Essential• AAT qualified and/or studying towards accountancy qualification such as ACCA or CIMA• Financial and management accounts experience is preferable• Good IT skills• Accounting systems experience• Shipping experience is preferable• Well organised and able to manage multiple tasks // projects by oneself• Commercially astute with a sharp eye for detail• Numerically astute and comfortable reporting large numbers to management (USD$ millions)• Capable to report complex commercial matters in a few salient points and provide resolution(s) to manager.• Strong negotiation and dispute resolution skills• Ability to work and adapt with the team requirements• Excellent written and verbal communication skills• Strong data analytical skills• Advanced Excel skills• Familiar with and able to logically interpret contractual documentationsDesirable• Master’s Degree / AAT qualified• Maritime // Shipping focus degree• Institute of Chartered Shipbrokers• Good understanding of LNG market gained at another owner and / or energy company.• Claims handling (Insurance, charter-party disputes)• Familiarity with LNG Time Charter/ Shipbuilding contractual terms and associated commercial agreements• Stakeholder engagement** All applicants must have the right to work in the UK as the Company is not able to offer visa support.If your application is successful, you will be contacted within two business days.We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs.

Keyskills :
AATAccounting