Cost Controller

Roles and responsibilities

Coordinate, facilitate and manage the provision of financial and budget performance analysis through effective and compliant cost controlling and reporting covering areas including budgeting, forecasting, accruals, journals, as well as managing payments processing and cost recovery for Fleet Technical department.

Accountabilities

Key Accountabilities:

1. Contribute to the development of Fleet related budgets.
2. Communicate with key stakeholders with regards to budget status and ensure the correct budget cost allocation is implemented.
3. Monitor overall operating expenditures within Fleet to ensure that they are within the approved budget.
4. Conduct cost analysis and review regularly expense reports to identify areas where costs can be reduced or eliminated altogether.
5. Identify potential cost overruns and recommend corrective action to management for implementation.
6. Interface with both Head of Technical to obtain information necessary for cost control purposes.
7. Prepare periodic reports detailing costs and cost-to-complete estimates.
8. Provide cost control expertise guidance across Fleet Technical function and continuously drive cost control improvements in adherence with applicable policies and procedures.
9. Develop and ensure compliance with company policies pertaining to management of costs ensuring alignment of budget, business commitment, and cost, observing company processes in relation to financial data validation.
10. Develop and maintain cost control systems and procedures to ensure consistency within the Fleet environment.
11. Develop and implement realistic and sustainable plans for delivery of cost control within Fleet department and for improvement in service quality and business satisfaction.
12. Identify and resolve current and emerging issues to improve the quality and efficacy of cost control as a value-added function to Fleet Technical teams.
13. Ensure that the company financial policies, procedures and internal controls are effectively implemented in delivering cost control activities.

Desired candidate profile

• Bachelor’s degree in accounting, Finance, Business Management/Administration, or related field

Experience:
• 5 years’ experience in cost accounting or financial analysis/ seagoing experience with a relevant and reputable shipping company or 5 years ashore in similar cost control role and finance activities.

Job Specific Skills:
• Understanding of various analytical and problem-solving tools and methodologies
• Ability to develop and implement cost-saving initiatives.
• Computer literate Microsoft suite of products.
Adhere to all relevant SHEQ policies, procedures, instructions, and controls so that NAKILAT provides a safe, world class, secure and environmentally responsible service to customers, the public and its own people.

Policies, Systems, Processes & Procedures:
Follow all relevant departmental policies, processes, and procedures so that work is carried out in a controlled and consistent manner.

Others:
Carry out any other related duties as directed by Technical Manager to support the relevant fleet technical team.

Key Result Areas
• Maintain accurate Fleet Technical budget and cost records.
• Provide accurate and timely analysis for Fleet Expenditures.