Cost Controller

Job Summary

Monitor and optimize vessel operating costs within ship management, providing detailed financial analysis and partnering with operational teams to drive cost control, budgeting, and continuous improvement.

Responsibilities

Monitor vessel operating costs daily, analyzing crew, maintenance, consumables, insurance, fuel, and food expenses to ensure accurate cost tracking

Conduct detailed variance analysis between standard daily costs and actual expenses at vessel, cost item, and status levels

Review purchase order modules monthly, tracking open orders, invoices, and unmatched purchase orders with operational teams

Monitor Variation Orders rigorously for analytical tracking and contract/project recharge accuracy

Produce clear, concise financial analyses explaining cost variances to support informed decision-making

Challenge operational teams on financial performance by providing credible, solution-oriented insights

Participate in management reviews and assist in budget arbitration preparation with qualitative reporting on deviations

Propose corrective actions and cost optimization strategies based on financial insights

Collaborate with accounting to ensure accurate accrual recording aligned with operational activities during monthly closing

Secure appropriate provisioning levels by confirming commitments and completeness of expenses each month

Ensure high-quality, reliable financial reporting with detailed analytical segmentation

Maintain compliance with cost management standards and procedures

Lead vessel budget preparation with operational departments, ensuring forecast completeness and consistency

Flag exceptional expenses or budget risks proactively during annual budget and forecasting exercises

Improve standard cost accuracy through ongoing feedback and analysis

Contribute to enhancements in tools, reporting, and processes for operational cost control

Support knowledge sharing and dissemination of best practices within the team

Required competencies and certifications

Bachelor's degree in Finance, Accounting, or equivalent

5-8 years of experience in operational controlling, preferably in maritime or related industries

Preferred competencies and qualifications

Advanced Excel skills and experience with ERP systems, preferably Oracle

Strong accounting and analytical control capabilities

Proven ability to produce reports and KPIs for operational cost management

Effective business partnering and leadership skills

Clear communication and synthesis of complex financial data

Solution-oriented mindset with ability to work autonomously under pressure

Chan Chee Meng

EA 07C3069/R1110620