Contracts Lead Analyst

• Travel required No travel is expected with this role
• Job category Finance Group
• Relocation available This role is not eligible for relocation
• The role of the Contracts team is to drive overall consistency in contracts at a global level while still allowing for regional variation that may be required due to specific country laws or regional specific industry practice.
• Serve as a key contact for the commercial teams and play an integral role in the development of capability and delivery of business strategy for the team
• Define and operate process performance and workload measurement metrics

Key Accountabilities:

• Provide guidance, support, training and mentoring for Contracts team members
• Supervise and monitor controls related to creation of contracts for trading transactions or management of electronic confirmation matching processes and systems.
• Accountable for the accurate preparation of complex deal contracts, ensuring timely execution, liaising with Legal, Regional Contracts and other stakeholders as necessary.
• Ensure the review and matching of incoming contracts; timely response or escalation of issues or concerns related to compliance, commercial or credit exposure.
• Understand the business performance expectations of the team and accountable for the measurements and reporting of KPIs for area of responsibility.
• In cooperation with Team Lead/Manager accountable for identifying key stakeholders, building and managing the relationships and customer focus.
• Develop new and innovative approaches where structured frameworks and contracts are not applicable. Improves the efficiency of the Contracts related processes.
• Understand the importance of controls and the obligation to report control deficiencies such as fraud, potential for failure and failure of internal controls relevant to the Control Process.
• Leverage a detailed understanding of respective business/function internal controls and translate and apply the Control Framework, internal control policies, and standards and associated procedures at the team level.
• Handle deviations and exceptions and escalate any significant control breakdown and/or any incipient or improper accounting.
• Ensure that all SNOW sub-process control requirements are met and action as appropriate. Ensure all processes are clearly documented and maintained. Ensure team members fully understand and follow documented processes.
• Supporting Trading and Shipping audit and data retention requirements.
• Leading/participating in projects as appropriate
• Ensure a consistently high level of professionalism, technical expertise and service delivery.

Key Requirements:

• at least 5 years of working experience in corporate environment, with minimum 2 years in a Contracts Analyst and/or energy trading experience
• Experience in managing smaller teams and/or projects
• Experience in developing and delivering continuous improvements ideas (e.g. process change and/or automation & reporting changes)
• Working proficiency in English
• Good technical skills (MS Office)
• Interest in standard financial trading instruments
• Ability to prioritize work and be organized, to multi-task, to work under pressure and comply with strict SLA’s
• Proven experience in identifying continuous improvement opportunities 
• Ability to understand business drivers and how Contracts support delivery of the business strategy
• Proven ability to communicate and influence across all levels in the organization
• Readiness for action and ability to work under pressure
• Self-confident appearance in relations to the internal contacts
• Good analytical skills
• Good work ethics and professionalism
• Good problem solving, communication and interpersonal skills
• Ability to work as part of a team in a fast-paced environment
• Commitment to business control including the courage to speak up where appropriate
• Familiarity with Incoterms shipping terms
• Contracts/Confirmations and/or energy trading experience

Travel Requirement No travel is expected with this role

Job summary

Entity: Finance Job Family Group: Finance Group Job Description: Role Synopsis

• The role of the Contracts team is to drive overall consistency in contracts at a global level while still allowing for regional variation that may be required due to specific country laws or regional specific industry practice.
• Serve as a key contact for the commercial teams and play an integral role in the development of capability and delivery of business strategy for the team
• Define and operate process performance and workload measurement metrics

Key Accountabilities:

• Provide guidance, support, training and mentoring for Contracts team members
• Supervise and monitor controls related to creation of contracts for trading transactions or management of electronic confirmation matching processes and systems.
• Accountable for the accurate preparation of complex deal contracts, ensuring timely execution, liaising with Legal, Regional Contracts and other stakeholders as necessary.
• Ensure the review and matching of incoming contracts; timely response or escalation of issues or concerns related to compliance, commercial or credit exposure.
• Understand the business performance expectations of the team and accountable for the measurements and reporting of KPIs for area of responsibility.
• In cooperation with Team Lead/Manager accountable for identifying key stakeholders, building and managing the relationships and customer focus.
• Develop new and innovative approaches where structured frameworks and contracts are not applicable. Improves the efficiency of the Contracts related processes.
• Understand the importance of controls and the obligation to report control deficiencies such as fraud, potential for failure and failure of internal controls relevant to the Control Process.
• Leverage a detailed understanding of respective business/function internal controls and translate and apply the Control Framework, internal control policies, and standards and associated procedures at the team level.
• Handle deviations and exceptions and escalate any significant control breakdown and/or any incipient or improper accounting.
• Ensure that all SNOW sub-process control requirements are met and action as appropriate. Ensure all processes are clearly documented and maintained. Ensure team members fully understand and follow documented processes.
• Supporting Trading and Shipping audit and data retention requirements.
• Leading/participating in projects as appropriate
• Ensure a consistently high level of professionalism, technical expertise and service delivery.

Key Requirements:

• Relevant degree
• at least 5 years of working experience in corporate environment, with minimum 2 years in a Contracts Analyst and/or energy trading experience
• Experience in managing smaller teams and/or projects
• Experience in developing and delivering continuous improvements ideas (e.g. process change and/or automation & reporting changes)
• Working proficiency in English
• Good technical skills (MS Office)
• Interest in standard financial trading instruments
• Ability to prioritize work and be organized, to multi-task, to work under pressure and comply with strict SLA’s
• Proven experience in identifying continuous improvement opportunities 
• Ability to understand business drivers and how Contracts support delivery of the business strategy
• Strong stakeholder management/customer service capabilities
• Proven ability to communicate and influence across all levels in the organization
• Readiness for action and ability to work under pressure
• Self-confident appearance in relations to the internal contacts
• Good change management skills
• Good analytical skills
• Attention to detail
• Good work ethics and professionalism
• Good problem solving, communication and interpersonal skills
• Ability to work as part of a team in a fast-paced environment
• Commitment to business control including the courage to speak up where appropriate
• Familiarity with Incoterms shipping terms
• Contracts/Confirmations and/or energy trading experience

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: Analytical Thinking, Business process improvement, Collaboration, Creativity and Innovation, Curiosity, Customer experience, Decision Making, Group Problem Solving, Internal control and compliance, Resilience, Thought Leadership, Trading knowledge 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 disabilities may request a reasonable 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 accommodation related to the recruitment process, please contact us to request accommodations. 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. #J-18808-Ljbffr