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The Contracts Administrator is a key member of the team, and provides support across a portfolio of products including crude oil, natural gas, power, and fuel oil. This role is focused on reducing economic, operational, legal, and regulatory risk by accurately drafting, reviewing, and managing contracts for commodity transactions.
Job Responsibility:
Review and validate all transaction data, escalating missing or incorrect trades to the Front Office for resolution
Draft, issue, and ensure the execution of trade confirmations, following established procedures and timelines
Confirm that all drafted contracts include all approved and required terms, referencing applicable master agreements (e.g., ISDA, EEI, NAESB)
Review broker and counterparty confirmations for accuracy, address discrepancies, and provide prompt feedback
Ensure broker confirmations are received and reconcile with trading system data
Collaborate closely with Legal, Credit, Operations, and other internal stakeholders to incorporate additional required terms into contracts
Proactively follow up on outstanding confirmations, escalate delays to the Contract Manager and Front Office as necessary, and drive timely resolution
Develop and maintain strong relationships with the Front Office, responding to inquiries and requests efficiently and accurately
Provide regular weekly updates on outstanding items to the Contracts Lead and Contract Manager
Maintain comprehensive electronic records for all documentation and correspondence associated with each trade
Respond promptly to external queries regarding contract confirmations
Escalate system-related contract issues to the Contracts Lead and Contracts Manager as appropriate
Update and maintain documentation of procedures
Identify and recommend process improvements to increase efficiency and accuracy
Participate in system and process upgrade testing as needed
Requirements:
Minimum 1 year of experience in a commodities trading environment preferred
Exposure to or understanding of programming languages such as Python or SQL is an asset
Conversational Spanish is a plus
Bachelor’s degree in a numerate or semi-numerate discipline (e.g., engineering, mathematics, accounting, economics), or relevant related experience
Understanding of the financial implications related to physical commodity movement
Ability to assess risk in contractual terms and exercise sound judgment
Strong written and verbal communication skills for interfacing with internal and external contacts
Proficiency in Microsoft Word and general document administration
Nice to have:
Exposure to or understanding of programming languages such as Python or SQL is an asset