Associate Cost Controller

As an employee with Maersk GSC you will be part of a working environment as diverse as the APMM group. Maersk strongly encourages continuous learning at work and sharing of best practices by rewarding innovations. We aren’t all about work, we believe in a holistic development of our employees and so regularly organize recreational activities giving our employees a chance to unwind and showcase their creative side. As an organization we strongly believe in a people-centric approach with emphasis on employee engagement and work-life balance

In the first 12 -15 months of the role, the candidate is expected to have 100% focus on cost validation and relevant improvements. Later, the candidate is expected to seamlessly integrate into the monthly book close function for variable cost and /or other related cost validation improvements based on business requirements.

A)Ownership of Cost validation

1 Own cost validation process for the selected region. Exhibit through understanding of cost validation for different cost types.Provide clear analytics on the triggers for validating the cost.

2 Participate and provide inputs in setting up robust solutions
Active participation and collaboration with interdependent teams on cost related items.

3 Exhibit a mind-set of cost reduction & optimization
Ability to collaborate with operations, commercial & procurement
Flag cost variance/over run, drive disputes resolution
Eye for automated solutions for the future of cost control
.
4 Identify data source for validating cost .User acceptance testing for newly products.Develop Cost prediction model based on key cost drivers.Risk assessment on cost validation – develop mitigation plan.
Roll out process & technical changes.Ensure solutions are well understood by the team and are executed

B) Monthly book close

1 Ensure all month end closing entries are passed and Fact is closed on time.Ensure weekly review of cost developments are done , necessary entries are passed as appropriate.

2 Maintain clear working files of all accruals passed. Ensure aged accruals more than 90 days are followed up with clear explanation, decisions taken to close or continue with the accruals.

3 Ensure operational system to finance system reconciliation is prepared and performed weekly. Open items are followed and closed.
Ensure cost recognition is complete before closing the books of accounts.

4 Ensure timely sign off of books happens as per the deadline set by the centre.Shall always be the single point of contact for both the Region and the Area controllers and CFO.

5 Ensure all changes as proposed/announced by Centre and Region are effected and cascaded properly.Implement business change in accordance with plans.

6 Own and drive cost transparency, audit and analysis .Own and be accountable for accurate cost data .Perform Risk assessment of Area financial statement and evaluate the High risk areas and discuss at appropriate time with the regional finance controller.

7 Coordinate with internal as well as external stakeholders to ensure local, global and legal requirements are met .Participate in and support improvement projects.

C) Reporting
1.Own and report numbers pertaining to cost validations
2.Provide clear visibility
3.Ensure and own KPI Reporting.
4.Any other reasonable adhoc requests as may be made from time to time by the Regional Finance controller or Delivery Lead.

1 Degree in Accounting/Audit/Finance or equivalent with understanding of GAAP and IFRS guidelines. Professional qualification is an added advantage

2 Candidate should have 5 to 7 years of prior experience in accounting /accounts payable. Microsoft office (excel is a must) .Any ERP experience is mandatory. Fluent in English (both written and spoken)

3 Analytically minded with strong root causing & problem-solving skills
Result oriented and able to work under pressure.Manage and act in complex situations.

4 Self starter with ownership mentality .Proactive and perseverance to be able to finish the job within timelines .Strong focus on quality.Open to change and ability to overcome obstacles with out of box thinking.

5 Budget minded with strong focus on cost management
Good communication skills, clear, direct and focused communication at multiple organization levels