Vessel Accountant

OSM MARITIME SERVICES, INC.; Philippines; On-site; PHP 420,000 - 660,000; Full time

Job summary

OSM MARITIME SERVICES, INC. in the Philippines seeks a Vessel Accountant to handle financial transactions, reconciliations, and reporting for assigned vessels within OSM Thome.

The role ensures compliance with financial policies and coordinates with internal stakeholders. You will prepare accurate financial reports, perform variance analyses, and support with accruals and systems such as Eye-share, while liaising with vessel owners and suppliers to ensure timely settlements.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• 2–5 years of accounting experience, preferably within the maritime or ship management industry.
• Strong understanding of financial reporting, reconciliations, accruals, and international accounting standards.

Responsibilities

• Record, summarize, and evaluate financial transactions, including accruals, in compliance with accounting standards.
• Prepare monthly financial reports with relevant commentary on variances.
• Perform actual vs. budget analysis, identifying discrepancies and making necessary accruals based on trends, prepayments, and supporting systems (e.g., Eye-share).
• Reconcile bank accounts and balance sheet accounts, ensuring timely resolution of open balances.
• Import, review, and control the purchase order (PO) list to ensure financial accuracy.

Skills

Analytical thinking

Attention to detail

Communication

Time management

Technical proficiency

Education

Bachelor’s degree in Accounting

Tools

Excel

Eye-share

Job description

Join our team!

The Vessel Accountant is responsible for handling the financial transactions, reconciliations, and reporting for assigned vessels within OSM Thome. This role ensures compliance with financial policies, prepares accurate financial reports, and coordinates with internal stakeholders.

Duties

• Financial Transaction Management
  o Record, summarize, and evaluate financial transactions, including accruals, in compliance with accounting standards.
  o Ensure transactions are properly documented, classified, and reported.
• Financial Reporting & Analysis:
  o Prepare monthly financial reports with relevant commentary on variances.
  o Perform actual vs. budget analysis, identifying discrepancies and making necessary accruals based on trends, prepayments, and supporting systems (e.g., Eye-share).
  o Ensure the accuracy and completeness of all financial records and reports.
• Account Reconciliation & Settlement:
  o Reconcile bank accounts and all balance sheet accounts, ensuring timely resolution of open balances.
  o Identify discrepancies and work with relevant teams to settle outstanding amounts.
• Procurement & Supplier Management:
  o Import, review, and control the purchase order (PO) list to ensure financial accuracy.
  o Follow up and ensure debit amounts are collected on time.
• Fund Management & Requests:
  o Prepare and submit monthly fund requests to ensure sufficient funding for vessel operations.
• Compliance & Process Improvement:
  o Ensure all financial activities adhere to company policies and international accounting standards

Key Competencies & Skills:

• Analytical & Problem-Solving Skills – Ability to analyze financial data, identify trends, and resolve discrepancies.
• Attention to Detail – Ensures precision in financial transactions, reporting, and reconciliations.
• Communication & Coordination – Effectively liaises with internal teams, vessel owners, and suppliers.
• Time Management – Ability to meet deadlines for reporting, reconciliations, and financial transactions.
• Technical Proficiency – Experience with accounting software Excel, and financial reporting tools.

Qualifications & Experience:

• Education: Bachelor’s degree in Accounting, Finance, or a related field.
• Experience: 2–5 years of experience in accounting, preferably within the maritime or ship management industry.
• Technical Knowledge: Strong understanding of financial reporting, reconciliations, accruals, and international accounting standards.