Job Description

Join our global team for a career filled with opportunities to solve challenges both small and large, local and global, simple and complex.

We are looking for a passionate Vessel Accounts Executive (GL) who will be responsible to carry out the Vessel Accounting activities as per main responsibilities to ensure harmonious working relationship between group members, other teams and Vessel Accounting Managers.

This person will be working with Wilhelmsen Ahrenkiel Ship Management (WASM), a comprehensive global maritime group providing over half of the merchant fleet with essential products and services, along with supplying crew and technical management to the largest and most complex vessels ever to sail.

With a pool of more than 9,200 seafarers and over 500 shore-based employees all over the world, Wilhelmsen Ship Management is one of world\xe2\x80\x99s largest third-party ship managers with a portfolio of more than 450 vessels and counting.

The position will be located at Kuala Lumpur Sentral in the heart of Federal Territory of Kuala Lumpur and it is easy to get to by public transportation. This position will be reporting to the Team Lead and working closely with members of group, Vessel Account Group, Treasury Team and Global Payroll Team. Liaison with management centers in Wilhelmsen Ship Management Ltd, Wilhelmsen Global Procurement Services, Crewing Department, Manning agents, Port agents and Masters of vessels under management.

We offer a culture and work environment of strong leadership, career development, work-life balance and a job that is both challenging and stimulating. Our organization thrives by using modern tools and is eager to utilize the business opportunities that comes with new digital tools and skills. Our ideal candidates are looking for new challenges and would like to join a team of experienced professionals who are passionate to grow in one of the world\xe2\x80\x99s largest maritime organizations.

Main responsibilities

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  Preparing funds request to vessel owners and update funds schedule on a monthly basis.
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  Posting bank related entries via FEBA for non-open item payments
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  Performing vessel bank reconciliation on a monthly basis.
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  Verifying payroll entries on a monthly basis
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  Verifying opening balances of onboard cash acc, provision and bond stores.
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  Verifying all purchases made with cash onboard are supported by original receipt.
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  Verifying all expenses are supported with proper documents.
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  Preparation of requisition forms for payment.
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  Posting entries from manning agent disbursement in the accounting system.
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  Ensuring expenses are coded accordingly and approved by relevant Crewing Manager, Vessel Manager and Fleet Manager (where appropriate).
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  Posting appropriate journal entries (accruals, adjustments, amortization etc).
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  Verifying the Gard Insurance distribution.
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  Reconciling vessel balance sheet items on a monthly basis - a few examples are given below:
  • 
    Advances
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    Accounts Payables
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    Crew Balance of Wages
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    Allotment
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    Cash to Master
  • 
    Open P.O. lists
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    Other balance sheet items
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  Verifying figure accuracy in online reporting.
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  Performing analytical review before submission to Management Centers.
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  Preparing and submitting of monthly reports for vessel owners within the deadlines.
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  Ensuring supporting documents are adequate and complete.
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  Maintaining a proper filing for financial statements, bank statements, budgets, other correspondence etc.
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  Preparing of budget follow up report (comparison of actual against budget figures) where applicable.

Formal authorities

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  Communicate with (copy to Team Lead, Accounts and/or Accounts Assistant Manager).
  • 
    Owners \xe2\x80\x93 reply queries relating to monthly reports, supporting docs,
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    Vessel Managers \xe2\x80\x93 accounting matters,
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    Crewing Coordination Centre \xe2\x80\x93 crew related matters,
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    Master \xe2\x80\x93 portage bills and lube oil reports matters (where applicable),
  • 
    Manning Agents \xe2\x80\x93disbursements related matters,
  • 
    Procurement Team \xe2\x80\x93 Purchasing and invoicing related matters,
  • 
    Global Payroll Group \xe2\x80\x93 wage related matters,
  • 
    Treasury team \xe2\x80\x93banking related matters.

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  To disburse task within the group with the consent of Team Lead, Accounts and/or Accounts Assistant Manager when the need arises.
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  Post journal entries with regards to:
  • 
    Manning Agent Disbursement,
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    Owner Disbursement,
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    Other accounting entries / adjustments related to financial reports.

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  Ensure the completeness of the financial checklist prior sending the for review.
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  Perform fund management to ensure each vessel has sufficient funds to pay committed liabilities.
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  Ensure the completeness and timely submission of financial reports to the Owners.
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  Comply to ISAE 3402 Type II requirements in performing each task.
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  BFU preparation to internal and external clients

Accountabilities

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  The position will be measured against accurate and timely submission of cash call, monthly report (soft and hard copies) and quarterly budget follow up report
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  To ensure that vessel owners and management centres receives prompt reply to queries.

Qualifications
Mandatory requirements

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  Degree in accounting and/or finance or equivalent in professional accounting body
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  Minimum 1 year working experience in a related field

Additional preferences

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  Proficient in MS office applications especially MS Excel
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  Good command of English

Process Involvement

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  Manage Funds Request
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  Owner Disbursement Account
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  Disbursement Account
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  Manning Agent Disbursement Processing
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  Crew Onboard
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  Off Vessel
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  Reporting
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  Budget Follow Up
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  Cash to Master

Sounds interesting? You can apply online today through our career portal by creating a "Candidate Home" account and attach your latest Resume.

Application Deadline: 13th March 2023
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