Commercial Contracts Advisor

at  Omega 365

ASSIGNMENT DESCRIPTION

The Contract Commercial Contracts Advisor will be accountable for reviewing, drafting and negotiating standard and non-standard agreements, crude oil and natural gas and refined products related commodity agreements, broker agreements, guarantees and NDAs with multiple internal and external stakeholders. The primary focus of this position is facilitating completion of various purchase and sale agreements with external counterparties. This is a critical front office role which maintains and grows The Client’s counterparty base, enabling both transportation and sales optionality in line with Cenovus commercial strategies.

QUALIFICATIONS:

• 3-5+ years related experience in negotiation of various commodity purchase and sale contracts
• Experience reviewing, drafting and negotiating contracts
• Experience in execution, management and retention of contracts
• Exceptional understanding of Incoterms
• Proficiency in understanding of legal contractual language

RESPONSIBILITIES:

• Ensures timely and accurate execution, management, and retention of various commodities including crude oil, natural gas, NGL, carbon credits, refined products purchase and sale agreements, broker agreements, guarantees and NDAs. This includes, but is not limited to, General Terms and Conditions and Master Agreements with various modes of transportation.
• Coordinates with Front Office and its support functions such as Credit, Legal, Tax, Accounting, Insurance, Customs and Risk Compliance (“Support Functions”) to: draft, negotiate, review, and amend various commodities purchase and sale agreements.
• Interacts directly as the Client’s representative with marketing/trading counterparties to complete negotiations of various commodities related products purchase and sale agreements.
• Uses day-to-day knowledge, recognizing trends and identifying new business needs: work with Front Office and its Support Functions in the development and continuous improvement of precedent agreements, one-off contracts, and the Client’s practices.
• Maintains an evolving knowledge of changing industry practices pertinent to marketing agreement types.
• Ensures proper records documentation and contractual data is maintained in SharePoint the document management system and Egistix and Allegro (ETRMs).

WHAT ARE THE TOP THREE DELIVERABLES OF THIS ROLE?

o Timely negotiations
o Administrative duties related to contract management.
o Team support
Who is the best suited person to successfully do this job?
o An individual who is not afraid to ask questions
o An individual who is willing to dig to find the answers.
o An individual who is highly detail oriented.