Bunker Manager at BP in Singapore

Job description

Entity: Supply, Trading & Shipping Job Family Group: Shipping Group Job Description: The Bunker Manager owns end-to-end marine fuel procurement, delivering competitive, reliable and compliant supply for the fleet. The role manages spot purchases and term agreements, using market intelligence, demand and exposure analysis to optimize commercial outcomes and explore risk-management solutions. Working closely with vessels, operations, technical teams, charterers, suppliers and traders, the Bunker Manager optimizes bunker intake, manages supplier performance and claims, advances procurement improvements and lower-carbon fuel opportunities, and helps drive the global bunker buying strategy. In This Role You Will: Implement competitive spot and prompt bunker purchases and implement and manage term supply solutions in line with business requirements and market conditions, including the evaluation of pricing structures, index linkages, premiums, critical issue mechanisms, and commercial optionality. Analyse bunker indices, forward curves, historical trends, premiums and supply dynamics across fuel grades and supply modes to guide purchasing and exposure management, and explain cost drivers, basis risk, index differentials and relevant market developments to internal collaborators. Assess term contract performance versus spot market benchmarks to ensure continued commercial competitiveness. Work closely with charterers, vessel operators and masters to optimize bunker intake and support forward voyage planning, ensuring safe, efficient and cost-effective fuel usage. Reconcile purchase orders, delivery documentation and invoices, resolve discrepancies and submit verified invoices for payment. Develop and implement bunker procurement strategies aligned with business and trading objectives, exploring structured products and alternative solutions to manage price volatility and exposure risk and deliver incremental value for bp. Provide accurate, timely forward demand data and exposure analysis to support optimal fuel purchasing for the fleet and wider bp Shipping activities. Monitor KPIs, evaluate bunker supplier performance and provide structured feedback to the business on suppliers, market conditions and industry changes. Build and maintain effective relationships with internal and external collaborators, offering guidance and support to ensure compliance and the most cost-effective fuel purchasing strategies. Manage bunker quality and quantity claims end-to-end, negotiating settlements and ensuring outcomes that protect bp’s commercial and operational interests. Advise Charterers on bunker-related clauses in charterparties to ensure bp’s contractual and commercial position is protected. Chip in to process improvement, digitalisation and wider business projects, including initiatives outside day-to-day responsibilities, applying relevant digital and market developments in bunker procurement. Proactively engage with bp sustainability objectives, working with internal and external customers to identify and advance opportunities for lower-carbon fuels and emissions reduction. Maintain in-depth knowledge of bunker markets, procedures, specifications and evolving industry regulations and standards. Represent bp in relevant industry bodies and forums when required. Conduct all activities in full compliance with bp Group Control and Compliance requirements. Essential Experience & Job Requirements: Experience within a trading, shipping or integrated energy organization, with exposure to wider trading strategies and commercial optimization. Proven experience of 5 years in marine fuel (bunkers) procurement, including execution of spot and prompt purchases across multiple ports or regions. Proven experience structuring, negotiating and managing term bunker contracts, including index-linked pricing, premiums and delivery terms, and assessing term versus spot strategies to balance cost, price certainty, flexibility, exposure and operational requireme