Technical Accountant (Ship Owner)

Responsibilities

Vessel Accounting

• Maintain full sets of accounts for assigned vessels.
• Process and record vessel-related invoices, payments, accruals, prepayments, and journal entries.
• Ensure accurate allocation of vessel operating expenses and cost coding.
• Prepare monthly vessel accounts and financial reports.
• Reconcile vessel-related balance sheet accounts and investigate discrepancies.
• Support month-end and year-end closing activities.

Budgeting & Cost Control

• Monitor vessel operating expenses against approved budgets.
• Analyze cost variances and provide explanations to management.
• Assist in the preparation of annual budgets and periodic forecasts.
• Review technical expenses, repairs, maintenance costs, spare parts, stores, and dry-docking expenditures.
• Provide recommendations to improve cost efficiency and financial performance.

Accounts Payable & Compliance

• Verify invoices and supporting documents for accuracy and completeness.
• Ensure timely processing of vendor payments and settlements.
• Maintain compliance with internal controls, accounting policies, and statutory requirements.
• Support internal and external audit activities by preparing schedules and documentation.

Stakeholder Coordination

• Liaise with Technical Superintendents, Fleet Managers, Procurement teams, and external suppliers on financial matters.
• Provide accounting support and financial information to operational departments.
• Respond to management queries and assist with financial analysis when required.

Process Improvement

• Identify and implement improvements to accounting processes and reporting procedures.
• Support finance-related projects, system enhancements, and process optimization initiatives.
• Perform other ad-hoc duties assigned by the Finance Manager.

Requirements

• Diploma or Degree in Accounting, Finance, or a related discipline.
• Minimum 3 years of accounting experience, preferably within the shipping, maritime, or ship management industry.
• Experience in vessel accounting, ship management accounting, or marine finance operations is an advantage.
• Good understanding of accounting principles, financial reporting, and budgeting processes.
• Proficient in Microsoft Excel and accounting or ERP systems.
• Strong analytical, organizational, and problem-solving skills.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• Good communication and interpersonal skills with the ability to collaborate across departments.

Preferred Qualifications

• Experience handling vessel operating expenses, technical costs, and dry-docking accounts.
• Familiarity with maritime accounting systems and ship management software.
• Experience working with multi-currency transactions and international shipping operations.