Vessel Controller

OSM Ship Management Pte Ltd; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

OSM SHIP MANAGEMENT PTE. LTD. in Singapore is seeking a seasoned Vessel Accountant to lead financial reporting for assigned fleets, perform variance analysis, and ensure accuracy and timeliness of statements for external customers.

The role involves coordinating with Technical and Operations teams, presenting findings in monthly reviews, and supporting budgeting, forecasting, and working capital management to optimize vessel performance.

Qualifications

• Bachelor's degree in Accounting or Finance; CPA/ACCA preferred.
• 5+ years vessel accounting experience, with supervisory/financial control exposure.
• Strong knowledge of ship management financial reporting and working capital.
• Skilled in variance analysis and strategic recommendations.
• Ability to liaise with customers, technical and operations teams.

Responsibilities

• Lead financial reporting and variance analysis for assigned fleets.
• Coordinate with Technical & Operations teams for timely reports.
• Respond to customer queries and ensure budgeting/forecasting needs are met.
• Monitor working capital and manage fund requests and collections.
• Oversee budgeting, forecasting, and financial planning for vessels.
• Provide training and drive process improvements in vessel accounting.

Skills

Financial reporting

Variance analysis

Working capital management

Customer liaison

Team leadership

Financial modelling

Multi-team coordination

Education

Bachelor's degree in Accounting/Finance

CPA/ACCA preferred

Tools

SAP

Oracle

Maritime ERP systems

Excel

Job description

Roles &responsibilities:

• 1. Financial Reporting & Variance Analysis: Prepare and submit financial reporting for assigned fleet/customers, ensuring accuracy and timeliness. Review actual vs. budget performance, identifying overspending and improvement areas. Make accruals for missing costs based on trend analysis, prepayments, and supporting systems (e.g., Eye-share).
• 2. Liaison &Coordination with Technical & Operations Teams: Provide relevant financial insights to the technical team and ensure financial report completion. Conduct monthly financial meetings with Technical and Operations teams to review vessel performance. Ensure that financial reports include proper comments before being shared with external customers.
• 3. Customer Interaction & Support: Follow up and respond to customer queries regarding financial reports and budget variances. Ensure that customer financial requirements (budgeting, forecasting, reporting) are met in a timely manner.
• 4. Fund Management& Working Capital Monitoring: Ensure sufficient funding is requested and follow up on collections. Send first reminders for outstanding funding payments. Monitor working capital levels, requesting additional funding when necessary.
• 5. Budgeting &Forecasting: Prepare and oversee budgeting, forecasting, and financial planning for assigned vessels/customers.
• 6. Team Training& Process Improvement: Provide training and feedback to vessel accountants, ensuring compliance with OSM Thome standards. Identify and implement process improvements to enhance efficiency and accuracy in vessel accounting.

Qualifications &experiences:

• Bachelor's degree in Accounting, Finance, or a related field; CPA, ACCA, or equivalent certification preferred.
• 5+ years of experience in vessel accounting, with at least 2 years in a supervisory or financial control role.
• Strong understanding of ship management financial reporting, working capital management, and customer financial requirements.
• Strong ability to analyse financial data, identify variances, and make strategic recommendations.
• Ability to liaise effectively with customers, technical teams, and operations teams.
• Proactive approach to resolving financial issues and optimizing vessel performance.
• Ability to manage multiple reporting deadlines and priorities.
• Experience with financial software (SAP, Oracle, or maritime ERP systems), Excel, and financial modelling.
• Ability to train and guide vessel accountants to maintain high reporting standards.