Senior Contract Specialist

Duration: 6 months contract (Possibility of Extension) Location: Boulevard Houston TX 77079(Hybrid) 4 days onsite Work Timing & Schedule : 8am-5pm CST Work in office (Turs, Wed, Thrs) Pay: 50-54/hr on W2 without any benefits/holiday/vacation JOB DESCRIPTION: Senior Contracts Analyst: The candidate will be responsible for the drafting and negotiation of master trading agreements or specific agreements to govern physical and financial transactions for the purchase and sale of energy commodities as well as related ancillary agreements to minimize BP’s credit, legal and operational risk and in compliance with legal regulations and internal standards, policies and procedures. Understand BP’s documentation, credit, treasury and legal policies and procedures and rationale behind them sufficiently to be able to discuss with Credit, Legal and Operations teams any issues. Proficient in commonly used contract provisions and able to suggest alternative provisions where possible. Apply skills and experience to design, develop, maintain and modify Master Agreements, provisions and templates for marketing and trading based on BP’s current credit, treasury and legal policies Develop, manage, and leverage systems for workflow management, tracking and communicating status of matters in alignment with the business priorities. Maintain work–in-progress on the team’s shared drive; upload agreements and other documents to BP’s database; input key provisions for each agreement to ensure database is accurate and up to date; and run reports from the database as needed Adhere to the Contracts Team’s processes, policies and “best practice” procedures in connection with the drafting, negotiation and management of agreements and other documents. Seek to enhance existing activities and to bridge any identified control gaps; and assist in ensuring the awareness of and alignment with them within GPTA, and across IST and BP as appropriate. Communicate and engage effectively with the business, Credit, Legal, Compliance, and Settlements. Assist in the delivery of special projects as required from time to time, such as projects to implement the creation, novation, modification, termination or assignment of agreements to align with strategic business changes. Experience working with standard industry trading agreements (e.g., ISDA, NGL NAESB, EEI, Gas NAESB, IECA’s), with frequently used General Terms and Conditions and assignments and novation’s. Highly competent working with legal language and understanding the legal and compliance issues affecting the trading and marketing of energy commodities and adept at identifying and resolving key issues and gaps in agreements. Needs to have ability to understand and critically analyse clauses in agreements to ensure proper balance between creative problem solving and adequate risk protection. High knowledge of the Dodd-Frank requirements Relentless commitment to excellence and to meeting business objectives. Self-assurance when working autonomously, at times under high-pressured and fast-paced circumstances. Strong interpersonal skills which enable effective interactions with personnel at various levels within BP. Experience with Microsoft Office Suite (Word, Excel, Outlook, Teams) Contractual experience with both financially and physically settled commodity and/or environmental credits transactions or other similar energy industry experience. Working knowledge of energy, commodities, or derivatives markets and various traded instruments. #J-18808-Ljbffr