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Associate cost controller

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A.P. Moller - Maersk

Oct 24

  • Job
    Full-time
    Entry, Junior & Mid Level
  • Accounting & Tax
    Business, Operations & Strategy
  • Pune
  • Quick Apply

AI generated summary

  • You must understand ETS processes, validate EUA allocations, coordinate with teams, reconcile deliveries, analyze cost drivers, and support continuous improvement initiatives.
  • You will validate stock allocation models, reconcile EUA deliveries, coordinate contracts, review surrender requests, update dashboards, and improve inventory and cost reporting processes.

Requirements

  • Able to understand the ETS process and develop the model for FIFO based EUA allocations
  • Perform the validation of the stock allocation model based on the latest ETS data and delivered EUA quantity & rates
  • Coordinate with Energy Market team for statement of Forward contracts for EUA and Spot deliveries
  • Perform the validation of EUA purchase orders for EUA to be delivered from Energy Market team
  • Reconcile the EUA delivery with the MOHA account before invoice processing
  • Allocate the EUA inventory to the vessel code basis on ETS dashboard accurately
  • Ascertain the estimate and actuals basis on the ETS dashboard number and estimate duly backed by star connect data with due justification for outliers
  • Study the price and volume drivers impacting the cost to update the Controlling dashboard to be circulated to the Stakeholders
  • Coordinate which different stakeholder in developing / amending the process for inventory and cost recognition basis regular review that can lead to accurately reporting of cost and inventory
  • Review the surrender request from Ship owner and perform the necessary steps to transfer EUA units to Ship owner’s MOHA account following validation
  • Review the final settlement statement with country authorities and process the inventory required accounting with due review following the surrender of units to authorities’ account
  • Be flexible to perform task as the back up for other cost type like DRC Capex, Project cost & Shore power cost
  • Drive the continuous improvement within the team to ensure efficient way of working

Responsibilities

  • Able to understand the ETS process and develop the model for FIFO based EUA allocations
  • Perform the validation of the stock allocation model based on the latest ETS data and delivered EUA quantity & rates
  • Coordinate with Energy Market team for statement of Forward contracts for EUA and Spot deliveries
  • Perform the validation of EUA purchase orders for EUA to be delivered from Energy Market team
  • Reconcile the EUA delivery with the MOHA account before invoice processing
  • Allocate the EUA inventory to the vessel code basis on ETS dashboard accurately
  • Ascertain the estimate and actuals basis on the ETS dashboard number and estimate duly backed by star connect data with due justification for outliers
  • Study the price and volume drivers impacting the cost to update the Controlling dashboard to be circulated to the Stakeholders
  • Coordinate which different stakeholder in developing / amending the process for inventory and cost recognition basis regular review that can lead to accurately reporting of cost and inventory
  • Review the surrender request from Ship owner and perform the necessary steps to transfer EUA units to Ship owner’s MOHA account following validation
  • Review the final settlement statement with country authorities and process the inventory required accounting with due review following the surrender of units to authorities’ account
  • Be flexible to perform task as the back up for other cost type like DRC Capex, Project cost & Shore power cost
  • Drive the continuous improvement within the team to ensure efficient way of working

FAQs

What is the role of an Associate Cost Controller at Maersk?

The Associate Cost Controller is responsible for ensuring business operations control, global accounting processes, and compliance with IFRS and APMM group guidelines. They will also liaise with auditors and implement continuous improvements in cost control processes.

What are the key responsibilities of the Associate Cost Controller?

Key responsibilities include understanding the ETS process, validating stock allocation models, coordinating with the Energy Market team, reconciling EUA deliveries, studying cost drivers, reviewing surrender requests, and driving continuous improvement within the team.

Will the Associate Cost Controller work with other teams?

Yes, the Associate Cost Controller will work with a wide range of stakeholders within and outside the finance and operations organization.

What qualifications are necessary for this position?

While specific qualifications are not listed, a strong background in finance, accounting, or a related field is typically expected for a position like Associate Cost Controller.

Is experience with IFRS accounting required?

Yes, knowledge and experience with IFRS implications and compliance are essential for the Associate Cost Controller role.

What type of improvements is the Associate Cost Controller expected to drive?

The Associate Cost Controller is expected to implement continuous improvements in areas of cost control, cost leakages, business controlling, and reporting.

How does Maersk approach diversity in hiring?

Maersk is committed to a diverse and inclusive workplace and welcomes applicants from various backgrounds, regardless of race, gender, age, religion, or other characteristics protected by law.

Are there any accommodations available during the hiring process?

Yes, Maersk is happy to support any needs for adjustments during the application and hiring process. Applicants can contact accommodationrequests@maersk.com for assistance.

Are there opportunities to work on cost types other than EUA?

Yes, the Associate Cost Controller may serve as a backup for other cost types such as DRC Capex, project cost, and shore power cost.

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A.P. Moller - Maersk

Transportation
Industry
10,001+
Employees

Mission & Purpose

Maersk is a global leader in integrated container logistics, providing comprehensive shipping and supply chain services. The company specialises in container shipping, port operations, and supply chain management, helping businesses around the world move goods efficiently and reliably. Maersk's ultimate mission is to simplify global trade and make it more sustainable, enabling businesses to connect with markets across the globe. Their purpose is to drive the global economy forward by offering seamless, end-to-end logistics solutions that reduce complexity, increase efficiency, and promote environmental sustainability in international trade.