The Vessel Controller is responsible for financial reporting, budgeting, and forecasting for a fleet or group of vessels/customers.
This role ensures financial accuracy, compliance with OSM Thome standards, and alignment with customer expectations.
The Vessel Accounting Controller liaises closely with technical and operational teams, provides strategic financial insights, and ensures sufficient funding and working capital management. Additionally, this position provides training and feedback to vessel accountants to drive process improvements.
Duties:
1. Financial Reporting & Variance Analysis:
- Prepare and submit financial reporting for assigned fleet/customers, ensuring accuracy and timeliness.
- Review actual vs. budget performance, identifying overspending and improvement areas.
- Make accruals for missing costs based on trend analysis, prepayments, and supporting systems (e.g., Eye-share).
2. Liaison & Coordination with Technical & Operations Teams:
- Provide relevant financial insights to the technical team and ensure financial report completion.
- Conduct monthly financial meetings with Technical and Operations teams to review vessel performance.
- Ensure that financial reports include proper comments before being shared with external customers.
3. Customer Interaction & Support:
- Follow up and respond to customer queries regarding financial reports and budget variances.
- Ensure that customer financial requirements (budgeting, forecasting, reporting) are met in a timely manner.
4. Fund Management & Working Capital Monitoring:
- Ensure sufficient funding is requested and follow up on collections.
- Send first reminders for outstanding funding payments.
- Monitor working capital levels, requesting additional funding when necessary.
5. Budgeting & Forecasting:
- Prepare and oversee budgeting, forecasting, and financial planning for assigned vessels/customers.
6. Team Training & Process Improvement:
- Provide training and feedback to vessel accountants, ensuring compliance with OSM Thome standards.
- Identify and implement process improvements to enhance efficiency and accuracy in vessel accounting.
- The job description is not designed to cover or contain a comprehensive listing of duties. These may change, or new ones may be assigned, with notice, at any time.