Fuel Sourcing and Sustainability Procurement Manager

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Royal Caribbean Group’s Procurement team has an exciting career opportunity for a full time Fuel Sourcing and Sustainability Procurement Manager reporting to the Sr Mgr, Procurement.

Position Summary:

Industry business leader and procurement expert for marine fuel products and delivery operations. Provides strategic guidance and day-to-day management to the team of commodity managers and buyers to establish compliant, cost-effective, and uninterrupted processes to secure fuel for RCG’s global fleet. Develops and executes sustainable and lower carbon fuel procurement to meet RCG sustainability, Scope 1 Carbon reduction goals and compliance with regulations. Proactively engages suppliers, ports, government authorities to obtain product or service information such as price, availability, delivery schedule, maritime safety/security requirements. This position monitor’s global energy markets, maintains short term and long-range plans, provides frequent updates to the vessels, Global Marine Operations, Newbuild, Deployment and Corporate Finance Leaders on day-to-day fuel ops, opportunities, value creation and supplier performance. Additionally, the Sourcing and Sustainability Manager should possess strong financial and analytical expertise to establish themselves as a subject-matter expert (SME) in the Fuel and Supply Chain Management organization. This includes expertise in gathering business requirements, collecting, storing relevant data and providing the data-driven solution in an easy-to-understand format to our stakeholders.

Essential Duties and Responsibilities:

• Supports executing the Bunker optimization and delivery operations for RCI, CEL, SSC, TUI and HLC vessels which results in over 150,000 tons of annual consumption, $1 billion in direct fuel expense.
• Manages the fuel sourcing strategy for ~20% of global bunker ports & regions, including procurement of LNG, liquid drop-in biofuels, methanol, conventional marine fuels, as well as alternative commodities (marine engine lube oils).
• Leads continuous oversight of the order process, communications with suppliers and the vessels to ensure 99.9% delivery and specification accuracy given the extraordinary importance of timely fuel supply for our ability to deliver the cruise to the guests.
• Researches existing and future lower-carbon fuel technologies to meet RCG’s carbon reduction goals and emerging carbon reduction mandates in EU and other jurisdictions.
• Collaborates with emerging fuel providers, central and local governments, port authorities to establish alternative fuel production and supply chain with particular focus on second generation biofuels, LNG and Bio-LNG and Green methanol.
• Works with shipbuilding companies and transportation operators to develop logistical infrastructure, land and ocean-going assets to transport and bunker alternative fuels to the managed fleet in key global ports.
• Plans & coordinates the yearly and long term conventional and low carbon fuel procurement programs for RCG fleet with all external/internal stakeholders, including cost avoidance saving targets aimed to generate multi-million-dollar annual savings.
• Leads the development and execution of procurement and negotiation process based on multiple volatile variables that drive oil, gas, finished petroleum products and alternative fuels markets. Ensures contractual premiums, transportation and delivery schedules are based on advanced economic order quantity concepts as well as compatibility of specific bunker products.
• Performs supplier vetting, barge compatibility and ensures business coverage across the fleet.
• Leads frequent Ad Hoc Analysis / Updates requested by Upper Management. Provides guidance related to Bunker impact as a result of potential operational changes.
• Provides guidance and establishes baselines for complex price analysis of multiple parameters, such as regional fuel price differentials, freight, fuel energy content, sulfur.

• Ensures contract formulas are in compliance with derivatives accounting principles while maintaining lowest possible total cost of ownership.
• Responsible to lead quarterly business reviews with fuel suppliers covering major performance indicators such as environmental and MARPOL/ISO compliance, as well as transaction settlements.
• Manages departmental KPIs such as arbitrage savings, on-time delivery, industry benchmarking. Manages a team of leads and buyers to establish 100% timely fulfillment of the orders.
• Engages with Environmental, Safety & Energy Management departments so that the fuel team is educated and aware of all the relevant regulations, specifications and technology developments.
• Leads and provides guidance on itinerary development of the managed fleet to ensure reliable fuel support of short and long term voyages.
• Continuously develops supply points to mitigate operational disruptions caused by saturated fueling markets.
• Ensures, monitors, and verifies that specific market data, such us International Energy Agency forecasts, Platts and SGMF publications, etc which are used to formulate negotiations, strategies and plans.
• Reviews Purchase Order claims and contracts for conformance to company policy.
• Prepares and reviews contracts, bids, proposals, and vendor agreements for legal correctness, price, and acceptability of items to specifications.
• Performs other duties as required. This job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees will be required to perform any other job-related duties assigned by their supervisor or management.

Financial Responsibilities:

• Oversees bunkering strategy and operations of a multi-million-dollar commodity spend.
• Responsible for providing business users with analytical insight in order to properly manage and forecast the annual fuel expense.
• Provides Bunker expense reporting and any variance analysis explanation to Accounting, GMO, Finance & Corporate Planning.
• Leads Bunker Expense reporting for 10k, quarterly earnings call and other financial disclosures.
• Performs sensitivity analysis based on forward looking speculation and scenarios.

Qualifications:

• 7+ years procurement experience with proven track record of successfully negotiating multi-million-dollar contract global supply contracts and management of day-to-day operations.
• A minimum of 5 years petroleum industry, LNG and low carbon fuels experience in refining, downstream operation, or marketing.
• Bachelor’s degree or equivalent required in related field; Master’s degree preferred

Knowledge and Skills:

• Expert knowledge of global petroleum and bunkers supply
• High degree of knowledge in biofuel and LNG markets and supply options
• Expertise in decarbonization standards and regulations including but not limited to EU ETS, Fuel EU Maritime, CII, ISCC, Renewable Energy Directives (RED II and III), etc.
• Ability to manage professional teams in highly dynamic environment.
• Working knowledge of Platts, Argus, and Bunkerworld oil pricing services
• Fuel blending and freight economics, global refining markets.
• Petroleum Derivatives and related material
• Ability to work in a fast-paced environment with multiple projects and priorities.
• Negotiation and analytical skills
• Strong interpersonal skills and ability to communicate in a multicultural environment with all levels of employees and management.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from suppliers and all levels of staff and management, both shipboard and shoreside

We know there's a lot to consider. As you go through the application process, our recruiters will be glad to provide guidance, and more relevant details to answer any additional questions. Thank you again for your interest in Royal Caribbean Group. We'll hope to see you onboard soon!

It is the policy of the Company to ensure equal employment and promotion opportunity to qualified candidates without discrimination or harassment on the basis of race, color, religion, sex, age, national origin, disability, sexual orientation, sexuality, gender identity or expression, marital status, or any other characteristic protected by law. Royal Caribbean Group and each of its subsidiaries prohibit and will not tolerate discrimination or harassment.