129+ Applicants
Posted: 3 years ago
3-5 years
Mumbai
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Posted: 3 years ago
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Applicants: 130+
Job Description
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Job Description
Join our global team for a career filled with opportunities to solve challenges both small and large, local and global, simple and complex.
We are looking for a passionate and result oriented Vessel Cost Controller (VCC) with excellent people management skills who will be responsible to oversees the vessel cost control activities of assigned fleets. The VCC is required to lead the strategic review of budgets and costing for the fleet. The VCC is required to provide strategic insight on business risks and leads stakeholder engagements with Senior Management, Technical Management and Crew Management to align business outcomes. This position will also takes part in budget preparation processes, ensures expenses are captured correctly and forecasting analysis to key stakeholders and reviews budget overrun reports.
The Vessel Cost Controller (VCC) must be proficient in cost management to maximize efficiency with allocated budgets. This role will share the responsibility for analyzing, monitoring and evaluating expenses with the aim of cost controlling for vessels under management.
This person will be working with Wilhelmsen Ship Management, a comprehensive global maritime group providing over half of the merchant fleet with essential products and services, along with supplying crew and technical management to the largest and most complex vessels ever to sail. With a pool of more than 9,200 seafarers and over 500 shore-based employees all over the world, Wilhelmsen Ship Management is one of world’s largest third-party ship managers with a portfolio of more than 450 vessels and counting.
The position will be located at Mumbai, India. We offer a culture and work environment of strong leadership, career development, work-life balance and a job that is both challenging and stimulating. Our organization thrives by using modern tools and is eager to utilize the business opportunities that comes with new digital tools and skills. Our ideal candidates are looking for new challenges and would like to join a team of experienced professionals who are passionate to grow in one of the world’s largest maritime organizations.
Interrelations
- Reports to General Manager, Technical Management/Head- Financial & Shared Services.
- Works in Partnership with Fleet manager.
- Collaborates and supports Wilhelmsen Ship Management (WSM) Centers in Malaysia and Singapore.
- Work in partnership with Accounting and Procurement Shared Service Centre in Malaysia.
Responsibilities
- Manage interactions with key stake holders in relation to fund management activities such as sufficient funding by vessel Owner and funds received timely.
- In consultation with Fleet manager, Prepare & Present budget and forecasting analysis results to internal and external stakeholders, ranging from senior management to ship owners.
- Review cost overrun areas and propose recommendations to Fleet manager based on budget and forecast reports.
- Review financial reports to ensure expenditure falls within budget or fund allocation.
- Promote understanding of vessel financial performance with internal and external stakeholders and propose cost control improvements.
- Review fleetwide spend in specific cost categories and propose service improvement measures.
- Perform financial analysis on operating expenses (OPEX), Dry dock, capital expenditure (CAPEX) and other non-opex additional cost of vessels.
- Participate in OPEX review meetings with internal team and vessel Owner.
- Work closely with the accounting/procurement team to ensure OPEX and CAPEX costs are correctly captured, including preparation of OPEX and CAPEX entries.
- Liaising with Vessel Managers regularly to expense sheets are maintained correctly with the right commentary & account coding.
- High level review of monthly budget follow up comments input by Vessel Managers and propose possible improvements.
- Contribute to the optimization of administrative and financial processes and procedures related to vessel OPEX (Procurement to Pay/ Financial reporting process)
- Assist Fleet Management with the compilation of budget assumptions and review accuracy of budget input per budget assumptions
- Oversee mitigation of risks identified from shipping and financial risk assessments
- Work closely with internal auditor to ensure compliance of procedures and external auditor for statutory non-financial audit
- Review and enhance control procedures/efficiency/governance of workflows
- Establish key performance indicators (KPIs) for budgeting and cost efficiencies.
- Provide ad hoc financial analysis to assist Fleet/Vessel manager with business decisions such as identification of cost savings and impact of exchange rates, etc.
- Support in ad-hoc tasks as required.
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Qualifications
- Bachelor’s degree in Accounting/Finance or equivalent and qualified as a Cost Accountant from the Institute of Cost Accountants of India
- The candidate is expected to have around 3-5 years of relevant work experience, e.g. OPEX controlling, Vessel accounting & financial analysis
- Experience in maritime/shipping company or equivalent is an advantage
- Good analytical & financial reporting skills
- A team player with the capability to work independently when needed. Good written and spoken English.
Additional preferences
- Possess good business acumen.
- Proficiency with financial software packages (SAP), especially MS office and BI tools (Tableau and/or Power BI).
- Detail-oriented and excellent at reviewing and numbers
- Dynamic and flexible
- Critical thinking and problem solving
Application Deadline: 03rd July 2022
Work Location: Mumbai, India
Skills
AccountingProcurementCAPEXFinanceIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
Wilh. Wilhelmsen Holding ASA is a Norwegian multinational maritime group, headquartered in Lysaker, Norway. The group employs more than 21,000 people and has operations in 75 nations. The Wilhelmsen group operates the largest maritime network in the world, with over 2200 locations worldwide.
Important dates & deadlines?
Application Deadline
09 Aug 22, 12:00 AM IST
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