Demurrage Analyst

Work schedule: 4 days in office, 1 day work from home

We are seeking a detail-oriented and proactive Demurrage Analyst to join our team, reporting to the Head of Shipping in Houston, TX. This position manages demurrage claims for crude oil transportation accurately and promptly. The ideal candidate will have strong communication skills and a solid understanding of shipping operations to collaborate with internal departments and external partners, optimizing financial outcomes and reducing risks.

Responsibilities:

• Manage demurrage claims by auditing and analyzing data to support the trading organization.
• Negotiate demurrage claims with ship/barge owners and third parties.
• Invoice third parties in accordance with charter party and commercial contract terms.
• Builds and maintains professional relationships with internal and external clients.
• Actively communicates with counterparties to ensure timely collection of receivables.
• Reports the status of demurrage negotiations to traders and/or the Risk Department.
• Collaborates with Finance/Accounting to ensure efficient and accurate processing of demurrage payables and proper billing of receivables.
• Dispute demurrage bills as necessary and resolve accounts payable discrepancies.
• Proactive communication, efficient coordination, and strong organizational skills to maintain smooth operational performance and service quality.
• Ensure all data and operational inputs are accurate, timely, and standardized across systems.
• Ensure compliance with internal controls, policies, and procedures.
• Reviews contracts and advises traders on lay-time and demurrage adjustments, while assessing third-party contracts for commercial risks.
• Schedules reviews for expiring contracts.
• Analyzes demurrage trends to understand business updates and advises the trading group on ways to minimize future risks.
• Maintains the demurrage account balance and builds a positive P&L for the demurrage account.
• Develop ad hoc metrics when needed.
• Other duties as assigned.