Cost Controller

6-8 years
3 days ago
Job Description

Job Detail

  • Job Reference S8777

Job Description

Key Responsibilities

In this role, you will report to the Cost Control Manager and have the opportunity to develop skills and knowledge in the following areas:

Cost Control
- Oversee, assess, and analyze all Principal expenses with the goal of reducing costs and achieving savings.
- Ensure uniformity and consistency in cost reporting.
- Ensure timely approval of operational vendor expenses.
- Approval of new vendor usage (linking Business Partner to cost).
- Validate principal costs debited against the provisional expenses and provide justification for variances.
- Address Principal inquiries promptly.
- Ensure reconciliation of various monthly suspense accounts as per Principal-established timelines.
- Analyze related Principal incomes (land and logistics) to maximize billings, collections, and margins.
- Ensure proper approval and reduction of waivers for principal incomes (land and logistics).
- Collaborate with other functions and departments to maintain compliant internal controls and effectively mitigate costs and risks.
- Undertake additional tasks as assigned.
- Participate in the vendor selection/evaluation process for Principal expenses.

Reporting and Deliverables to Management
- Prepare monthly Agency KPI data as assigned.
- Create Principal cost analysis and monthly analysis reports for management and MSC Asia Regional Office.
- Proactively identify potential risks and work with relevant Heads of Departments (HODs) and process owners to mitigate them.
- Collaborate with internal/external auditors, tax agents, and local authorities to address local issues.
- Ensure proper audit trails for records in compliance with statutory requirements.

Systems and Process Improvement
- Collaborate with relevant stakeholders to drive improvements and resolutions in end-to-end Cost Control processes.
- Identify system/process misalignments to promote standardization and improvement, initiate requests, and ensure closure with System support.
- Work closely with IT Support to guide the team in troubleshooting and resolving Cost Control process issues.

Performance Management and Individual Development
- Develop performance metrics to enhance individual and team performance.
- Act as a coach/mentor, providing technical financial advice and knowledge to the Cost Control team.
- Demonstrate a commitment to professional self-development for the Cost Control team.
- Identify and initiate areas for improvement, establish effective accounting control procedures, and implement best practices to enhance overall cost control operations, work quality, and efficiency.
- Provide support to the Cost Control Manager, Senior FM, and Chief Financial Officer in new initiatives or projects as needed.

Desired Candidate Profile
- Minimum Degree in Accountancy/Finance, ACCA, or an equivalent Professional Accounting qualification.
- A minimum of 6 to 8 years of relevant work experience in managing and executing accounting controls and reporting.
- 6 to 8 years of experience in the shipping industry/Liner or Agency shipping with a focus on cost control and reporting is advantageous.
- Proficient in managing changes and thriving in challenging business environments.
- Sound knowledge of IFRS and SFRS accounting standards.
- Proficiency in MS Word, Excel, and PowerPoint.
- Experience with SAP financial systems and related data flow.
- Possesses a high level of integrity and ethics.
- Team player with people management skills, capable of leading, developing, and driving the performance of direct reports.
- Highly organized and detail-oriented.
- Strong problem-solving and analytical abilities.
- Effective time management to meet tight deadlines and multitask efficiently.
- Adaptability to work under pressure and respond to changes.
- Excellent communication and presentation skills, both written and verbal.

Focusing mainly in the Shipping, Trading, Marine, Offshore and Oil & Gas sector, Direct Search Global is a specialist recruitment company that provides staffing solutions to niche vertical markets where most recruiters are unable to service effectively. Our approach is to provide a focused, straight-forward and no-nonsense recruitment solution to our clients and candidates. In order to connect better with our clients and candidates, Direct Search Global is made up of a team of specialist recruiters coming from diverse but relevant background. They used to be seafarers, naval architects, ship brokers, surveyors, commodity traders, industry experts or experienced recruiters.