Mediterranean Shipping Company South East Asia (Singapore) Pte Ltd – Senior Accounts Executive, Cost Control (Shipping)

We Offer

You will embark on a great journey with excellent career development opportunities in a global organization. As Senior Accounts Executive, Cost Control, you will be responsible for the financial reports and management reporting for Singapore, as well as maintaining and executing financial controls in compliance with Company policies, Singapore Financial Reporting Standards (SFRS) and International Financial Reporting Standards (IFRS).

Key Responsibilities

Reporting to the Cost Controller. In this position, you will have opportunities to acquire skills and knowledge in the following areas:

Cost Control

• Monitor, evaluate and analyse all Principal expenses with the aim of reducing costs and achieving savings;
• Ensure timely and correct standardization and consistency of cost reporting;
• Ensure accuracy in Principal cost estimation/ Provision of Vessel Expense (“PVE”) and timely submission of provisional principal expenses;
• Verify principal costs debited against the provisional expenses reported and justify for the variances;
• Reopening of documents PVE for amendment;
• Ensure DA/GA/LLIE submission are completed and on-time;
• Address queries on vessel DA/LLIE/GA from Principal timely;
• Ensure various monthly suspense accounts are reconciled following the timelines given by the Principal;
• Study related Principal incomes (land and logistics) and ensures maximization in terms of billings, collections and margins;
• Ensure that waivers of principal incomes (land and logistics) are properly approved and reduced where possible;
• Prepare Detention and Demurrage Reports;
• Collaborate across functional and departments for compliant internal controls and effective risks mitigation;
• Manage outsourced functions to MSC Malaysia’s Shared Service Centre (“SSC”);
• Assist on maintenance of principal & agency contracts;
• Assist on purchase order issuance for relevant principal expenses ;
• Related tasks as assigned, including back-up to other control control team members during their absence.

Reporting and Deliverables to Management

• Prepare and/or compile various monthly suspense accounts reconciliation Report, including Electronic Cost Reporting (“ECR”) correctly and in a timely manner;
• Prepare monthly Agency KPI data as assigned;
• Prepare Principal cost analysis and monthly analysis report to management and MSC Regional Office;
• Proactively identify potential risks and mitigate risks with the relevant Head of Departments (HODs) and / or process owners;
• Work closely with internal / external auditors, tax agent and local authorities to resolve any local issues raised;
• Ensure proper audit trails for records according to 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 drive standardization and improvement.

Performance Management and Individual Development

• Develop performance measurements to drive individual and team performance;
• Serve as a coach/ mentor and provide technical financial advice and knowledge to the Cost Control team;
• Demonstrate commitment to professional self-development to employees in the Cost Control team;
• Identify and initiate improvement areas and develop good accounting control procedures and best practices to enhance overall accounting operations, work quality and efficiency;
• Support Cost Controller/Assistant Manager, Cost Control Manager, Senior Finance Manager and Chief Financial Officer in new initiatives or projects as and when required.

Qualifications

Who We Are Looking For

• Min Degree in Accountancy / Finance / Accounting Professional qualification (ie ACCA, CPA or equivalent;
• Minimum 6 to 8 years of relevant work experience in maintaining and executing accounting controls and reporting;
• Minimum 3 to 5 years from shipping industry / Liner or Agency shipping experience, managing related cost control and reporting an added advantage;
• Good knowledge of IFRS and SFRS accounting standards;
• Proficient in MS Word, Excel, Powerpoint;
• Experienced in using SAP financial system and related data flow;
• High level of Integrity and Ethics;
• Team Player;
• People Management qualities with the ability to lead, develop and drive performance of direct reports;
• Organised;
• Meticulous with an eye for details;
• Problem Solving / Analytical skills;
• Strong Communication & Presentation skills, both written & verbal.

Other Information

If you are up for the challenge, you could be our new colleague!

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