Associate Cost Controller, PTP - Chennai - A P Moller Maersk

    A P Moller Maersk
    A P Moller Maersk Chennai

    6 days ago

    Full time Healthcare
    Description

    Maersk is a global leader in integrated logistics and has been an industry pioneer for over a century. Through innovation and transformation, we are redefining the boundaries of possibility, continuously setting new standards for efficiency, sustainability, and excellence. At Maersk, we believe in the power of diversity, collaboration, and continuous learning, and we work hard to ensure that the people in our organization reflect and understand the customers we exist to serve. With over 100,000 employees across 130 countries, we work together to shape the future of global trade and logistics. Join us as we harness cutting-edge technologies and unlock opportunities on a global scale. Together, let's sail towards a brighter, more sustainable future with Maersk.

    What We Offer:

    Maersk offers a supportive environment to develop your skills and to collaborate with world professionals who literally move the world every day. You will gain access to world-class learning programmes to accelerate your career goals. You will find yourself welcome in our diverse and inclusive culture, where you are valued for who you are and rewarded for what you bring.

    Position Summary:

    As an Associate Cost Controller, PTP (Procure-to-Pay), you will play a crucial role in managing and optimizing costs within our operations. Your primary focus will be on identifying missing costs, predicting future expenditures, flagging variances, and driving initiatives to reduce cost overruns and eliminate leakages. This role requires strong analytical abilities, critical thinking, a proactive attitude towards process optimization, and a commitment to ensuring compliance with cost validation standards.

    Key Responsibilities:

    • Cost Identification & Prediction:Identify missing costs at month-end to ensure accurate financial reporting.
    • Utilize advanced mathematical and statistical modeling to predict future costs effectively.
    • Employ standard lead indicators to forecast and predict cost trends.
    • Risk Assessment & Mitigation:Apply critical thinking to connect data points and look beyond surface numbers to assess underlying business risks related to costs.
    • Identify short, medium, and long-term risks to both variable and fixed cost positions.
    • Flag significant cost variances promptly and initiate necessary actions.
    • Collaboration & Process Optimization:Partner actively with Business Finance, Procurement (PRO), and Operations (OPS) as part of the standard operating system to align on cost control objectives.
    • Identify and action duplication or waste in Work Orders (WO) and Purchase Orders (PO).
    • Possess and apply knowledge of standard costs within your responsibility area.
    • Understand commercial process interdependencies and act as a key focal point in commercial discussions related to cost.
    • Participate actively and collaborate with interdependent teams on all cost-related items.
    • Drive process optimization in partnership with Product Owners, focusing on efficiency and cost reduction.
    • Maintain an eye for automated solutions for the future of cost control.
    • Documentation & Training:Lead the documentation and development of learning material to facilitate the training and development of new cost controllers.
    • Ensure documentation serves its purpose for any audit or control-related requirements.
    • Attitude & Behavior:Demonstrate strong ownership towards cost reduction and the elimination of financial leakages.
    • Be action-driven in following up on cost overruns to ensure timely resolution.
    • Exhibit a persuasive and authoritative inclination to drive compliance.
    • Drive and strive for compliance towards standard cost validation processes, actively avoiding unnecessary exceptions.
    • Lead cost reduction efforts through strong collaboration with relevant stakeholders.
    • Be able to establish new cost validation control standards, with a strong push if needed, to enhance financial discipline.

    Skillset & Qualifications:

    • Experience: 5+ years of relevant experience in cost control, finance, or a related field.
    • Background: Commerce background is essential.
    • Analytical Abilities: Adequate cognitive ability, strong analytical, and problem-solving skills.
    • Communication: High English proficiency, with the ability to articulate data and numbers with ease.
    • Business Acumen: Ability to connect the dots and understand commercial process interdependence.
    • Proactive Mindset: Ownership towards cost reduction, action-driven on follow-ups, persuasive and authoritative inclination, and a drive for compliance.

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