Cost Controller

AD Ports Group


Date: 1 day ago
City: Abu Dhabi
Contract type: Full time
Job Description

nil

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

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

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