Job summary
Entity:
Finance
Job Family Group:
Supply & Trading Group
Job Description:
Voyage Claims Analyst
The Voyage Claims team sits within GBS supporting Shipping Operations and is dedicated to managing risk and maximising commercial value.
The Team provides a first-class service to both Trading & Shipping RPT Operations and BP Shipping Chartering in the handling of vessel claims and shipping related ancillary-charges on the owned and time-chartered (OTC) fleet of oil tankers.
The Voyage Claims Analyst is responsible for invoicing for all post fixture claims on their portfolio of vessels. The role requires calculating, negotiating and settlement of all claims with BP entities, vessel owners and charterers including oil majors, trading companies and brokerages. The Team work in close co-operation with the Trading & Shipping community to provide analytical information and guidance to the team of BP charterers, in order to avoid losses under the charter parties and to ultimately maximise chartering profits.
In this role You will:
- Handle and responsible for a lively portfolio of vessels.
- Provide commercial expertise in the financial execution/implementation of charterparties for BP Shipping.
- Management of all financial aspects of a voyage for Owned and Time Charter fleet in accordance with BP Shipping Policies and Commercial Procedures:
- Review of recap to understand all commercial aspects and highlight any recoverable items, advising partners of opportunities to optimise voyage earnings.
- Track vessels to identify potential claims.
- Calculation and issue of invoices for freight, hire, demurrage, deviation, and other claims. Update key collaborators if the overall voyage earnings are impacted.
- Negotiation of claims issued.
- Verify and pay vendor invoices for voyage related costs (including but not limited to bunker and broker commission invoices).
- Prepare and handle hire payments, off hire calculations, recovery of costs, external profit share calculations and vessel performance claims.
- Lead month end financial close process for portfolio, including timely income/cost accruals calculations, provision entries and support T&S Finance with any P&L queries.
- Highlight accounting entries that need to be made and submit journal requests when required.
- Ensure Anti Money Laundering policy is rigorously adhered to.
- Build and maintain effective relationships with internal and external collaborators to ensure optimal commercial performance for BP Group.
- Support the team with projects, training, and coverage.
- Provide feedback to charterers on potential opportunities to optimise vessel income. Support continuous improvement from a Voyage Claims perspective.
- Provide commercial assistance to the oil and ship operators, oil traders and ship charterers.
- Provide training and develop awareness of Voyage Claims activity and benefit across the RPTE business and beyond.
- Ensure compliance with all BP policies and procedures including Anti Money Laundering policy, Shipping policy and team credit control requirements.
- Work collaboratively across the team to ensure delivery against our full portfolio.
What You will need to be successful:
- Finance/Accounting/Economics qualifications
- 2-3 years proven experience in shipping or settlements
- able to demonstrate or have a consistent track record encompassing the following key foundation skills.
- Strong commercial instinct – a focus on delivering comprehensive value for BP.
- Strong numerical, written, and oral skills.
- Ability to successfully negotiate.
- Ability to work under pressure to numerous and frequent deadlines.
- Ability to prioritise and organise.
- Attention to detail.
- Ability to identify and embed best-practice and cross portfolio consistency.
- A continuous improvement approach.
- Knowledge of the physical oil environment.
- Knowledge of commercial shipping matters and industry leading Charter Parties.
- Knowledge of shipping freight, demurrage and related ancillary charges.
- Experience using the Veson IMOS platform
At bp, we provide the following environment & benefits to you:
- Different bonus opportunities based on performance, wide range of cafeteria elements
- Life & health insurance, medical care package
- Flexible working schedule: home office up to 2 days / week, based on team agreement
- Opportunity to build up long term career path and develop your skills with wide range of learning options
- Family friendly workplace e.g.: Extended parental leave, Mother-baby room
- Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program
- Possibility to join our social communities and networks
- Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipment
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.
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!
Travel Requirement
No travel is 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:
Ancillary cost management, Commercial Acumen, Communication, Competitor intelligence, Customer service delivery excellence, Demurrage, Developing and implementing strategy, Group Problem Solving, Influencing, Inventory Management, Listening, Marine assurance, Mentoring, Negotiating, Shipping/transport, Supply chain management, Trade discipline and compliance, Trading and scheduling operations, Trading Fundamentals, Sentiment and Trends, Trading knowledge, Troubleshooting, Voyage operations
Legal Disclaimer:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, 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.