Contracts AdministratorThis position is in the Contracts Group reporting to the Contract Lead and supports activity for various products including crude, natural gas, power and fuel oil. The Contracts Administrator's primary role is to mitigate Economic, Operational, Legal and Regulatory risk associated with commodity transactions. Mitigation is done by drafting and dispatching of contracts reflecting all agreed economic and non-economic terms. In addition, reviewing and confirming broker and counterparty confirmations while promptly escalating discrepancies to Front Office for resolution.Specific job duties include:Confirm all transactions completed are valid deals; promptly escalating to Front Office of missing or erroneous tradesEnsure all trade confirmations are drafted, issued, and executed in accordance with procedures.Ensure all drafted confirmations incorporate all approved and required terms along with appropriate references to any master agreements (ISDA, EEI, NAESB…etc)Checking incoming counterparty confirms for errors and sending responses as neededAssuring all broker confirmations are received and matched against trade economics within trading systemLiaising with Legal, Credit, Operations and other support partners to assure any additional terms are properly incorporated into contracts.Actively follow up on outstanding confirmations, escalate and resolve any lengthy delay with Contract Manager and Front OfficeEstablish and maintain strong working relationships with Front Office and ensure their questions and request are addressed timely and accurately.Provide weekly updates of any outstanding items to Contracts Lead and Contract ManagerMake sure all documents, emails and other supporting correspondence are filed in electronic retention system for each tradeResponding timely to any external queries on confirmations.Escalate to Contracts Lead and Contracts Manager any issues with contract systemResponsible for updating and maintaining procedures documentsProactively identify opportunities to further streamline process and improve productivity.Participate in testing of system and process upgradesQualificationsPreferred Experience:Minimum 1+ years' experience commodities trading environmentExperience or understanding of programming languages like Phyton or SQLConversational Spanish skillsBachelor's degree in numerate or semi-numerate subject (engineering, math, accounting, economics) or relevant experience in a related fieldUnderstanding financial implications associated with the movement of physical productAbility to assess contractual risk and make decisions accordinglyCapable of effectively communicating with internal and external contactsDocument administration in Microsoft WordAdditional informationCompetenciesSelf-motivated and proactive in problem solvingHighly organizedTakes the initiative, self-starterWorks well under pressure / fast-paced environmentAnalytical approach to dataAdaptabilitySeeks to continuously build knowledgeExcellent communication skillsAdditional InformationComprehensive benefit coverage includes:MedicalDentalVisionPaid Vacation401k with company contributionsLife insuranceShort-term & Long-term disabilityAll your information will be kept confidential according to EEO guidelines.
AgencyOmnicom MediaJob FunctionMediaJob SubfunctionPerformance MediaJob Description$60,000 - $80,000Omnicom's policy requires employees to work in the office for a minimum of three days a week, unless additional in-office days are directed by their agency or manager...
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