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AM/DM - Accounts (Vessel Accounting)

2 months ago

Chennai, India Corenza Full time

Drive team, provide financial/MIS reports and interpreting financial information to Sr. Manager and ongoing support to the Accounting functionalities with particular focus on accounts payable/Receivable/GL/Reporting/Crew manning.

Key Responsibility

  • Provide weekly reports for management as well as Month End reports
  • Escalate credit and collections concerns to GM/Sr. Manager
  • Drive the team to prioritize the past dues and expedite collections to keep the book clean
  • Drive process improvements to optimize cash flow and effectively manage receivables
  • Ensure no miss out in integrating monthly bills on Shipmanagement fee, postage & Recruitment fee
  • Ensure all deliverables to internal/external stake holders as per KPI
  • Responsible to complete monthly financial reports, funds position report, Lube Oil report, Schedules, Fund requests submissions
  • Drive team to obtain owner’s approvals for non-Budget expenses
  • Close Follow-up on Eye share/Open PO Ageing for clearing pending invoices, yearly approved budgets, Signed SMA, pending collectibles
  • Ensure quick turnaround time in replying to queries of owners/auditors/management
  • Follow-up with Technical team to close Pre- Delivery /Dry Dock to enable the collection within 6 months
  • Ensure NIL outstanding on OPEX fund requests on monthly basis and collection of Non-Budget expense on immediate basis.
  • Keep track of Yearly billings like Suptd. Travel days. In the event of hand vessel handover, ensure to monitor billing of severance cost, recruitment cost etc.
  • Analyse challenges affecting the efficiency of the AR team in managing open receivables


Educational Background and Work Experience

CA with 6 -8 years of experience with Strong understanding of finance and accounting practices in relation to AR and GL


About the Company:

A leading ship manager company provides end-to-end maritime solutions with precisely and expertly tailored services, where great technical expertise and a diverse product portfolio create optimal efficiency, productivity, and customer experience. The company is following its legacy for 17+ years and is headquartered in Singapore.