Vessel Finance Manager

V.Group; Glasgow; On-site; GBP 60,000 - 90,000; Full time

Job summary

V.Group is seeking a Vessel Finance Manager to lead financial reporting for our vessel portfolio from Glasgow. You will own client-facing financial information, funding requests and ensure timely, accurate data to support operations and decision making.

The role requires professional accounting qualifications, at least five years of experience, and strong communication and leadership skills. You will work with the MO, CPL and AH teams to streamline processes and improve accuracy and efficiency

Qualifications

• Professional accounting qualification or substantial practical track record.
• Minimum 5 years working experience.
• Multiskilled with strong leadership and communication.
• Proficient in ship accounting practices.

Responsibilities

• Ensure timely, accurate management information for clients.
• Coordinate flow between MO, CPL and AH.
• Prepare funding requests and monitor vessel funding.
• Maintain client records per policies and review ledgers.
• Assist fleet management with variance reports and forecasts.
• Liaise with clients' auditors and internal stakeholders.

Skills

Professional accounting qualification

5+ years experience

Multiskilled

Communication skills

Education

Professional accounting designation (CA/ACCA)

Tools

ShipSure

Job description

Vacancy Name

Vessel Finance Manager

Vacancy No

VN16255

Employment Type

Permanent

Location Country

United Kingdom

Work Location

Glasgow

Who are V?

As a global leader in ship management and marine services, we add value to a vessel's operations. Operating around the clock and around the world, V. gives every client the quality and efficiency they need in every sector. Covering crew management and recruitment, quality ship management and technical services, together with supporting management and commercial services, V. has an unrivalled industry knowledge with performance assured. Our values, We Care, We Collaborate, We Challenge, We are Consistent, We Commit and Deliver, are at the heart of everything we do and they support our strategy of Investing in Talent. We are always interested in making contact with talented individuals - people who will demonstrate our values and deliver great service, for internal and external stakeholders.

Overall Purpose of The Job

To ensure a strong relationship with the Client, provide all the necessary financial information that they require and to take responsibility for the accuracy, completeness and timeliness of the information. He/she should also ensure that timely and complete funding requests are issued and followed up where delays occur. To ensure that there are strong relationships between the local management office and the accounting hub. This will involve ensuring that all parties receive the necessary information required in an efficient and timely manner.

Key Responsibilities and Tasks

• Ensure that all necessary management information required is provided in a timely, accurate and meaningful manner and that Clients are satisfied with the financial information made available.
• Ensure that the financial information flow between the Managing Office (MO), which includes the SMO and CPL, and the Accounting Hub (AH) is organised efficiently.
• Ensure that the financial information provided to the Clients is representative of the vessels activities and trading.
• Ensure that Fund Requests are prepared on the basis of the known liabilities falling due within the period to the next scheduled fund request so that all the commitments can be paid within the agreed terms. In addition, ensure that the Clients are fully aware of the complete funding position of the vessels (including accruals) on a regular basis.
• Ensure that all Client records under supervision are maintained in accordance with the established accounting policies and procedures including the regular review of general ledgers.
• Participate in client meetings when requested to do so by the General Manager / Director - Finance & Admin.

Other Responsibilities

• Provide support and assistance to the AH to ensure that they are fully aware of Client and MO requirements.
• Implementing authorised internal controls and ensuring that all Group policies and procedures are adhere to.
• Review of all accounting reports prior to distribution to Clients.
• Assisting the fleet management cell personnel in the preparation of the Variance Reports, including quarterly forecasts, and reviewing the final version with the Fleet Manager prior to submitting it to the Client.
• Review / comment on the Fleet Liability Report prepared by the AH, prior to submitting this to the Divisional Vessel Accounts Controller within the agreed timescales.
• Monitoring the age of the outstanding invoices, particularly for Group companies and contracted suppliers (eg MARCAS), and highlight any potential failure to the agreed payment terms to the Fleet Manager, Managing Director and the Divisional Finance Team.
• Liaise with the Clients' auditors.
• Keeping the Fleet Manager informed of any issues or matters that may result in either the Client or in-house departments having cause for concern.
• Monitoring of working practices and suggesting how efficiencies can be introduced to the processes involved in producing the vessel accounts.
• Assisting the Divisional Finance Team with any other duties that may be necessary.

What can I expect in return?

V. Group can offer you a market leading salary and benefits package, in addition to significant opportunities for career growth and personal development. This a great opportunity to join a true leader in the maritime sector - a company that has exciting plans for future growth.

Essential

• The person should hold a professional accounting qualification or have substantial practical track record.
• Incumbents should have a minimum 5 years working experience.
• Multi-Skilled (ability to complete tasks with minimum of supervision), commitment, interpersonal skills, people management, leadership, capacity to motivate, delegation, time management, relationship management, problem solving, decision making, spoken & written communication, teamwork, initiative, dependability, punctuality, enthusiasm, computer literacy (inc. ShipSure).