About the Role
This position plays a critical role in ensuring accurate financial management, effective internal controls, regulatory compliance, and timely financial reporting in accordance with Group policies and procedures. The successful candidate will provide essential financial and operational support to the Offshore Management team and Finance, facilitating the effective implementation of financial controls, sound decision-making, and efficient business operations across respective Business Units.
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Key Responsibilities
- Ensure accurate financial management, effective internal controls, regulatory compliance, and timely financial reporting in line with Group policies and procedures.
- Provide financial and operational support to the Offshore Management team and Finance, ensuring effective implementation of financial controls and efficient business operations.
- Review contracts for appropriate and timely invoicing to customers, focusing on monitoring receivable positions.
- Monitor operational expenditure allocation, identify cost-saving opportunities, and provide recommendations to improve profitability and financial performance.
- Support and facilitate the implementation of business and finance transformation initiatives.
- Monitor daily vessel movements and operational activities, guiding the accounting team and providing recommendations to optimise vessel-related expenditure and cost efficiency.
- Collaborate with the Procurement team to resolve outstanding supplier payment issues, ensuring compliance with procurement policies, financial controls, and approval procedures.
- Ensure compliance with statutory requirements, Group accounting policies, and internal control procedures across assigned Business Units.
- Oversee internal financial controls and compliance, identifying and addressing potential risks and control deficiencies.
- Review and approve purchase orders and supplier invoices, ensuring accuracy and compliance with budgets and delegated authority limits.
- Oversee month-end closing activities and ensure accurate, timely financial reporting.
- Review monthly balance sheet schedules for multiple jurisdictions, ensuring accuracy and timely resolution of discrepancies.
- Ensure effective cash flow and liquidity management across assigned Business Units and manage local currency balances.
- Manage working capital through monitoring of receivables, payables, and cash balances.
- Oversee customer collections and coordinate with stakeholders to facilitate timely recovery of overdue accounts.
- Lead weekly collection reviews for vessels in the spot market and develop recovery strategies to maintain healthy cash flow.
- Plan and execute fund repatriation and cross-border cash movements, ensuring compliance with regulatory requirements.
- Review and authorise manual payments and online payments for operational compliance.
- Lead the preparation of annual budgets, financial forecasts, and business plans aligned with operational requirements.
- Monitor and analyze financial performance against budgets, identifying variances and opportunities for optimization.
- Prepare and review Management Information System (MIS) reports and management reports for timely submission to stakeholders.
- Oversee financial reporting for vessel dry-docking activities and highlight significant variances against budgets.
- Prepare liquidity reports and cash flow projections to support management decision-making.
- Analyze overdue receivables and provide relevant financial performance reports to management.
- Prepare financial presentations and reports for senior management and external stakeholders.
- Oversee tax compliance and ensure adherence to local tax laws and Group tax policies.
- Review monthly financial performance and recommend tax planning strategies.
- Coordinate the preparation and filing of tax returns and statutory submissions.
- Manage statutory financial audits and coordinate responses to audit queries.
- Review and recommend tax-efficient arrangements, including Double Taxation Agreements (DTAs).
- Monitor changes in tax legislation and recommend necessary compliance measures.
Benefits
- Competitive salary package
- Opportunities for professional development and career advancement
- A dynamic work environment with a focus on teamwork and collaboration
- Support for work-life balance and employee wellness.
