Senior Executive, Cost Control

COMPANY DESCRIPTION
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 675 offices in 155 countries, employing a team of over 200,000 dedicated individuals. We have an established fleet of 900 container vessels with an intake capacity of circa 27 million TEU carried annually. Our global sailing schedules cover 300 routes, calling at 520 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.

DESIGNATION : SENIOR EXECUTIVE, COST CONTROL (SHIPPING) (1 Year Contract)

RESPONSIBILITIES
**We Offer**

You will embark on a great journey with excellent career development opportunities in a global organization. As **Senior Executive, Cost Control**, 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 Manager, Cost Control. In this position, you will have opportunities to acquire skills and knowledge in the following areas:
**Cost Control**
- Monitor, evaluate and analyse all Principal expenses with the aim of reducing costs and achieving savings;
- Ensure timely and correct standardization and consistency of cost reporting;
- Ensure accuracy in Principal cost estimation/ Provision of Vessel Expense ("PVE") and timely submission of provisional principal expenses;
- Monitor FEDI charges and provide PVE modification, monthly submission of PVE modification;
- Verify principal costs debited against the provisional expenses reported and justify for the variances;
- Reopening of documents PVE for amendment;
- Ensure DA/GA/LLIE submission are completed and on-time;
- Address queries on vessel DA/LLIE/GA from Principal timely;
- 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;
- Prepare monthly analysis reports; Collaborate across functional and departments for compliant internal controls and effective risks mitigation;
- Maintenance of principal & agency contracts;
- Assist on vendor master creation list and create vendor master in OVP/SAP;
- Assist on purchase order issuance for relevant principal expenses;
- Related tasks as assigned, including back-up to other control control team members during their absence.

**Reporting and Deliverables to Management**
- Prepare and/or compile various monthly suspense accounts reconciliation Report, including Electronic Cost Reporting ("ECR") correctly and in a timely manner;
- Prepare monthly Agency KPI data as assigned;
- Prepare Principal cost analysis and monthly analysis report to management and MSC 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;
- Ensure proper audit trails for records according to statutory requirements.

**Systems and Process Improvement**
- Collaborate with relevant stakeholders to drive improvements and resolutions in end-to-end Cost Control processes;
- Identify system / process misalignments to drive standardization and improvement.

**Performance Management and Individual Development**
- Develop performance measurements to drive individual and team performance;
- Serve as a coach/ mentor and provide technical financial advice and knowledge to the Cost Control team;
- Demonstrate commitment to professional self-development to employees in the Cost Control team;
- Identify and initiate improvement areas and develop good accounting control procedures and best practices to enhance overall accounting operations, work quality and efficiency;
- Support Cost Controller/Assistant Manager, Cost Control Manager, Senior Finance Manager and Chief Financial Officer in new initiatives or projects as and when required.

**QUALIFICATIONS
**Who We Are Looking For**
- Min Degree in Accountanc