Demurrage Manager

We are a global energy business involved in every aspect of the energy system. We are working towards delivering light, heat and mobility to millions of people, every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low carbon future. Join us, and be part of what we can accomplish together. You can participate in our new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero. 

In Hungary, we operate bp’s Global Business Services organization which is an integrated part of bp. Our people want to play their part in solving the big complex challenges facing our world today and, guided by our bp values, are working to help meet the world’s need for more energy while lowering carbon emissions. In our offices in Budapest and Szeged, we work in customer service, finance, accounting, procurement, HR services and other enabling functions – providing solutions across all of bp. Join our team, and develop your career in an encouraging, forward-thinking environment!

Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our world-class team?

Join our Trading& Shipping function and advance your career as a

Demurrage Manager

The Demurrage Team provide a first-class service to Trading & Shipping for handling demurrage and shipping related ancillary charges. We are experts for vessels and barges in the calculation and payment of freight, calculation and negotiation of demurrage claims, calculation and negotiation of related shipping costs such as deviation, detention, port costs etc., and the interpretation of the contract clauses to minimise exposure to claims wherever possible.

In this role You will:

• Provide leadership through vision creation, direction, decision-making with sound judgement, coaching and a broad commercial focus, act as a leader for the entire Demurrage team.
• Develop strong internal relationships with the trading benches and key teams to facilitate high quality delivery for bp. Maximising profits, minimising losses, and working collaborative to optimise delivery. Act as a primary interface with key stakeholders through active, regular contacts.
• Develop strong external relationships with counterparties, owners and brokers to support positive commercial relationships and leverage positive outcomes for bp. Act as a point of escalation for their concerns.
• Understand and engage with trading/bench strategy to direct demurrage activity to support their delivery. Help negotiators to see and consider the holistic situation.
• Identifying and implementation strategic interventions to improve the Demurrage team’s performance and delivery. Develop team members to deliver initiatives.
• Drive continuous improvement in the team’s activity, nurturing a CI mindset within the team
• Understand demurrage implications and support the trading and operations teams before, during and after deal transactions to deliver value for the business. Leverage relationships to ensure demurrage are engaged to provide pre-deal support.
• Support the team through coaching of more complex claims, issue resolution, the delivery of change and counterparty interactions.

What You will need to be successful:

• Relevant university (economy or finance) degree
• Minimum of 7-8 years of experience in finance or trading, or shipping
• Minimum 5 years of experience in managing various teams and projects
• Global/ multi-national company work experience or physical oil environment knowledge is an advantage
• Fluent English knowledge and ability to communicate effectively verbally and in writing
• Knowledge about the trading or shipping industry, physical oil environment
• Strong commercial instinct – a focus on delivering holistic value for BP
• Negotiation skills and ability to hold external relationships, understand & manage customer needs and expectations