Senior Cost Controller

Roles and Responsibilities

Core Responsibilities:

Assets Controls

• Maintaining register of asset inventory (including vessels) with specific details on assets as required.
• Monitoring of revenue-generating assets – vessels, ferries, water taxis, etc., to ensure timely and accurate booking of related revenues in the respective BU books.
• Identification of idle assets and coordinating with respective BUs to ensure minimal idle time and maximizing asset turnover.
• In coordination with CPD and respective BUs, opening of CAPEX contracts and ensuring proper project/product accounting to calculate:
• vessel profitability
• identification of cost excesses
• reconciliation of revenues with respective contracts

Budgeting and Reporting

• Coordinating with respective BUs in preparation of assets and revenue budget and forecasts.
• Analysis of budget spends and advising on forecasted requirements.
• Reporting to cluster management & group corporate team on cluster assets.
• Manage the regular/adhoc management reporting requirements & prepare the monthly financial report on the financial position and analysis including revenue, cost, and capital expenditures.
• Coordinate and consolidate all budget information into a master budget (Revenue, CapEx, and OpEx) and submit for review by line manager.
• Maintain a financial database on budget and actual to allow timely comparison, validation, and escalation as deemed required and coordinate and support HQ Finance in budget-related queries.
• Update status of the budget (CAPEX & O&M) through a monthly variance report compared to actual and handle the required budget transfer to cater to the business requirements.
• Prepare a forecast, identify the deviations from budget, and recommend corrective actions for management considerations.
• Develop and maintain an appropriate mechanism for sharing data to aid financial analysis and reporting and provide explanations for major variances affecting the budget.
• Maintain a financial database that will allow ease in preparing adhoc reports to senior management such as resource utilizations, etc.
• Coordination with the auditors on related requirements.

Desired Candidate Profile

• Bachelor’s Degree or equivalent in Accounting or Finance.
• CPA, CMA, ACCA or equivalent will be an added advantage.
• Advance knowledge of MS Excel.
• Written and spoken English is essential; Arabic will be an added advantage.
• 3-5 years of experience in finance.
• Experience in data analytics & reporting.

Other Functions

• Maintain the budget set-up and updates in the Oracle E-Business Suite.
• Perform other relevant functions in the finance department/section as assigned.
• Support the commercial and other departments for any financial or operational analysis on an adhoc basis or whenever required.