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About the Company
JERA Global Markets (JERAGM) is a leading utility-backed seaborne energy trader specialising in LNG, coal and freight. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading, JERAGM’s shareholders are among the world’s major utilities.
JERAGM operates one of the largest energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. Its in-depth knowledge and market insights enable us to capture trading opportunities, optimise portfolios, create value and enhance security of supply for our customers.
Headquartered in Singapore, JERAGM has a global talent pool of close to 300 people across offices located in four strategic locations: Singapore, Japan (Tokyo), the UK (London) and the US (Houston).
JERAGM is strongly capitalised with over US$500 million in paid up capital and a total equity of US$4 billion. JERAGM has retained its A+ Stable rating from R&I, attributable to a robust business model and solid financial base.
Job Description
Position Description
As a major player in the global LNG and coal markets, JERAGM enters into a large number of contracts for physical LNG and coal. These contracts range from individual spot cargo transactions to more complex structured deals. The commercial and operational terms of these contracts are managed via counterparty specific Master Agreements, Long-Form Agreements or industry-agreed Standard Master Agreements.
The candidate will be part of the Contracts team within the Legal and Compliance department, working with a team of Contracts Specialists based in Singapore and London, who will be responsible for the contracts management process primarily for the physical coal business (and support for the LNG business if necessary) for contracts and confirmation notices that cover deals originated in both the Asia Pacific, Europe and the U.S.
Key Role Responsibilities
- To draft transaction contracts primarily for physical coal deals (and if required, the confirmation notices for physical LNG deals) to reflect both the commercial terms agreed with our external and internal counterparties and the relevant counterparty agreement, in a fit for purpose format and in accordance with JERAGM internal guidelines.
- To review counterparty’s transaction contracts primarily for physical coal deals (and if required, the confirmation notices for physical LNG deals) to reflect both the commercial terms agreed with our external and internal counterparties and the relevant counterparty agreement and comply with JERAGM internal guidelines.
- To work closely with all internal stakeholders to manage the physical contract workflow process from deal conclusion to final signature in a timely and accurate manner, ensuring that all processes comply with JERAGM internal guidelines.
- To review all counterparty’s counters/suggested changes in the contracts/confirmation notices and make recommendations to the JERAGM Trading team and JERAGM Legal with respect to their validity, ensuring that the terms are acceptable in accordance with JERAGM’s policy.
- Work closely with JERAGM Legal on any legal or compliance issues that arises during the course of reviewing/negotiating the trading contracts.
Qualifications
Key Qualifications and Experience
- At least 3 years’ experience working in a (physical) commodity trading environment with significant responsibility for contracts review, drafting and negotiation.
- A thorough understanding of the physical transaction life cycle, gained within an energy trading environment, is essential for this role.
- Familiarity with the contractual terms, shipping terms and formats associated with the trading of physical Coal cargoes and/or LNG cargoes.
- Well versed in incoterms and its application.
- Experience of working directly with the trading or legal functions of an energy trading company.
Other Information
Person Specification
- Excellent written and verbal communication skills. Able to communicate effectively with internal stakeholders at all levels as well as external counterparty representatives.
- Must be meticulous with keen eye for details and able to work in fast-paced and challenging environment.
- Strong commercial skills.
- Strong controls mindset.
- Must be highly organised and able to prioritise workload, adhere to tight deadlines and be able to operate under minimal supervision.
- Able to work independently and as part of a team.
This role offers an excellent opportunity to further develop skills and responsibility within a growing and successful commodity trading business.
