Senior Accounts Executive (Cost/Process Control) - Vessel

Innergy Consulting Pte. Ltd.; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A shipping consultancy firm based in Singapore is looking for a Senior Accounts Executive focused on cost/process control. Candidates should have 3–5 years of experience in the oil & gas or maritime industries, along with a strong grasp of cost control and accounting standards. Responsibilities include managing vessel capital expenditure and collaborating on budgets within a dynamic team. Proficiency in Oracle Projects and Microsoft Suite is preferred. Interested applicants can apply via email.

Qualifications

• 3–5 years of work experience in the oil & gas/maritime industry.
• Working knowledge of cost control fundamentals and accounting standards in marine/shipping.
• Ability to work independently and in a team.

Responsibilities

• Maintain Vessel CAPEX using Oracle Projects module.
• Collaborate on budget preparation and review.
• Provide financial advice across departments.

Skills

Cost control fundamentals

Accounting standards

Strong communication skills

Analytical skills

Education

Bachelor's degree in finance/accounting or ACCA

Tools

Oracle Projects

Microsoft Suite

SmartView

Job description

We are seeking a Senior Accounts Executive (Cost/Process Control) for one of our shipping clients in Singapore. The ideal candidate possesses 3–5 years of relevant experience in the oil & gas / maritime / shipping industry, with a solid working knowledge of cost control fundamentals and accounting standards to ensure appropriate recording of expenses and maintenance of process flows. In this role, you will be part of the Financial Control (FinCon) team and be responsible for accounting, cost control, and management of vessel capital expenditure (CapEx) and operating costs (OpEx) across multiple segments within the shipping group.

Key Responsibilities

Vessel Capital Adventure (CAPEX)

• Maintain Vessel CAPEX using Oracle Projects module for capitalization with an understanding of contracts, budget vs actual cost and report on group committed capital expenditure.

• Liaise with the Fixed Asset Lead to ensure proper recognition of capital expenditure in line with groups accounting policy.

• Monthly review, account and reconciliation of project in progress cost from commencement to completion with proper accruals and classification of cost.

• Any other assigned tasks.

Monitoring of vessel budgets and operating costs (OPEX)

• Collaborate with Technical Managers on the annual budgeting exercise and process budget data upload into Oracle system.

• Participates in Budget / DRC presentations / monthly review. This includes preparing materials for the presentation, answering queries as required and taking notes.

• Monthly accounting of cost inputs from Third Party Ship managers through an automated monthly file submission/receiving process.

• Reviews expenditure reports received from Third Party Managers and highlights significant variances between the budget and the actual costs. Monthly reconciliation of costs within internal systems and external reports.

• Calculate monthly Lube Inventory, consumption balances for vessels. Assist in the preparation of yearly lube oil cost evaluation.

• Review and ensure financial delegation are being followed and work with various department for compliance.

• Prepares various regular and ad-hoc reports for Management information on Cost and expenditures, economic indices etc.

• Develop / implement / revise various maintenance cost & financial procedures as required to ensure proper allocation of costs, reporting of cost, etc.

• Provide professional advice and guidance to all Personnel with respect to Cost and Financial matters.

• Undertakes other similar or related tasks and duties as directed by his / her Manager.

Process and Procedure Controls

• Examine current processes against operational requirements to improve efficiencies.

• Identify opportunities to increase automation, improve accuracy and reduce the amount of time required to complete tasks.

• Manage controls and documentation of financial applications.

• Ability to identify cost-saving measures and improvement strategies.

• Perform ongoing analyses on business processes related to productivity, quality, costs, and time management.

• Assist on preparations / modification of business process documentation.

• Ability to conduct analysis of organization processes in line with industry regulations.

Qualifications

• Bachelors degree in finance / management / accountancy or ACCA or equivalent.

• 3 – 5 years work experience in oil & gas/maritime industry.

• Working knowledge of cost control fundamentals and accounting standards to ensure appropriate recording of expenses and process flow maintenance in marine/shipping industry.

• Preference to prior experience in Oracle Projects, GL modules / Accounting software / Microsoft suit.

• Strong communication and interpersonal skills as this role require active cross-functional dialogue with internal and external stake holders.

• Good understanding of cost treatment for various project types (New Building / Bare-Boat / Insurance / Dry-Docking / Other capex projects).

• Excellent analytical and troubleshooting skills.

• Proficient in excel, SmartView and other business intelligence tools.

• Able to work independently and as a team.

• Meticulous, inquisitive and attention to detail.

To apply, please send your CV to [e-mail]. We regret that only shortlisted candidates will be notified. Thank you for your understanding!