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 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

Desired candidate profile

• 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

• 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