Job Description

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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 BU’s 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 & Ppepare 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 line manager for his review.
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 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

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 adhoc basis or whenever required.

Qualifications

Cost Controller