Cost Controller
1 week ago
COMPANY DESCRIPTION
**Mediterranean Shipping Company South East Asia (Singapore) Pte Ltd**
Founded in 1970, Mediterranean Shipping Company (MSC), S.A of Geneva, Switzerland, is one of the world’s leading container shipping lines. We are a privately-owned global organization operating a network of over 600 offices in 155 countries, employing a team of over 110,000 dedicated individuals. We have an established fleet of 700 container vessels with an intake capacity of circa 23 million TEU carried annually. Our global sailing schedules cover 250+ routes, calling at 500 ports, allowing us to deliver our clients’ cargo almost anywhere in the world.
Operating as independent national carriers, with sea freight offering complemented by our integrated warehousing and haulage services, we offer customers a true door-to-door and global service with unrivalled local knowledge. Trained and experienced experts for our full range of services, including reefer, out-of-gauge, breakbulk and each of our trade services, gives us the ability to uphold the personal service we’re globally recognized for, offering customers peace-of-mind that we will be on-hand to help whenever we are needed.
An opportunity is now available for a career-minded individual to join us in MSC South East Asia (Singapore) Pte Ltd, as **Cost Controller**.
DESIGNATION : Cost Controller
RESPONSIBILITIES
**We Offer**
You will embark on a great journey with excellent career development opportunities in a global organization. As Cost Controller, 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 Control Manager, you will lead and develop a team of 3 direct reports to oversee all Principal Cost Control functions. You are responsible for all voyage expense accounts and its related financial data. Your key responsibilities include:
- Monitor, evaluate and analyse all Principal expenses with the aim of reducing costs and achieve savings
- Ensure accuracy in Principal cost estimation and timely submission of provisional principal expenses;
- Ensure timely and correct daily posting and approval of operational vendor expenses;
- Check stevedoring average expenses;
- Verify principal costs debited against the provisional expenses reported and justify the variances;
- Ensure DA/GA/LLIE submitted to MSC GVA complete and on-time;
- 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
- Collaborate across functions and departments for compliant internal controls and effective costs and risks mitigation;
- Manage outsourced functions to MSC Malaysia’s Shared Service Centre (SSC);
- Involve in vendor selection/evaluation process for Principal expenses.
- Prepare and/or compile various Monthly suspense accounts reconciliation Report, including Electronic Cost Reporting (ECR) correctly and in a timely manner;
- Prepare Principal cost analysis and monthly analysis report to management and MSC Asia 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;
- Develop performance measurements to drive individual and team performance;
- Support Cost Control Manager, Senior FM and Chief Financial Officer in new initiatives or projects as and when required.
QUALIFICATIONS
- You should possess mínimally a Degree in Accountancy / Finance and have at least 6 to 8 years of relevant work experience in maintaining and executing accounting controls and reporting;
- Minimum 6 to 8 years from shipping industry / Liner or Agency shipping experience, managing related cost control and reporting an added advantage;
- You should be experienced in managing changes and thrive in dealing with challenging business environment;
- You should also have good knowledge of SFRS and/or IFRS accounting standards, as well as experience in using Cognos and/or SAP financial system;
- You should also have a high level of Integrity and Ethics;
- You should be a team player with the ability to lead, develop and drive performance of direct reports to achieve department objectives;
- Besides being detailed oriented, you should be organised and focused on the end-results, constantly striving to deliver outstanding performance;
- Strong communication and presentation skills are required, including excellent command in English, both wri
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