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Commercial Contracts Advisor

Michael Bailey Associates
Posted 10 hours ago, valid for 14 minutes
Location

London, Greater London EC1R 0WX

Salary

£48,000 - £57,600 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The position is for a Commercial Contracts Advisor on an initial 12-month contract, requiring 2 to 3 days a week onsite in London.
  • The role involves drafting and reviewing agreements to support deal opportunities, negotiating contracts, and managing internal approvals.
  • Candidates should have at least 3 years of relevant experience in drafting, analyzing, and negotiating commodity contracts, with knowledge of European Gas and Power contracts being advantageous.
  • Strong negotiation skills and the ability to analyze commercial structures are essential, along with a sound understanding of risk allocation principles.
  • The salary for this position is not specified in the job description.

Urgently looking for a Commercial Contracts AdvisorInitial 12 Month contract and the position will require 2/3 days a week onsite in London.The primary purpose of the Commercial Contracts Advisor position is to draft and/or review agreements required to enable SE-EA's deal opportunities, negotiate these agreements directly with counterparties and manage internal approvals as necessary for document execution.Key Responsibilities:

  • Provide accurate pre and post deal commercial and contractual advice to the trading business, including for new Customer Values Propositions, Deal Approval Forms and other strategic opportunities. This will require a thorough understanding of the client's commercial business needs and control frameworks as well as the value of the company's reputation and customer satisfaction.
  • Act as a gatekeeper for setting up contracts in trade capture systems
  • Assist in maintaining a contract and clause database, as well as manage an efficient status reporting mechanism.

Background and experience:

  • 3+ years relevant experience in a role that is dedicated to drafting, analysing, and negotiating commodity contracts.
  • Knowledge in European Gas, Power and Environmental Products contracts (product based Master Agreements such as ISDAs and EFETs, Bespoke Contracts, Storage Agreements, Netting Agreements, Credit Support Documentation etc.) would be an advantage.
  • Strong negotiation skills
  • Ability to analyse commercial and contractual structures and communicate clear recommendations on risks and opportunities, using sound commercial judgement.
  • Ability to thoroughly explain contractual terms
  • Sound knowledge of the Contractual Allocation of Risk Framework principles, includingn limitation of liability, indemnification, insurance, and pollution liability clauses, and able to complete all CARF requirements for relevant contracts
  • Knowledge of energy market fundamentals, risk management and regulations.

Michael Bailey International is acting as an Employment Business in relation to this vacancy.

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.