The Senior Executive—Line Person is responsible for managing the financial transactions and accounts related to shipping lines. This role involves handling payables and receivables, processing freight settlements, and ensuring accurate and timely financial dealings with shipping partners. The position requires close coordination with operations and documentation teams to align financial records with shipment data and resolve any billing discrepancies. Additionally, the Senior Executive ensures compliance with company policies and supports audit processes to maintain financial integrity.
Key Responsibilities
Shipping Line Financial Management:
Oversee accounts payable and receivable for shipping lines, including payments for freight, detention, demurrage, and other related charges. Ensure all settlements are processed promptly to avoid service disruptions.
Invoice Verification & Processing:
Review invoices received from shipping lines, verifying them against agreed tariffs and contracts. Confirm the accuracy of charges such as freight, terminal handling charges (THC), and documentation fees before processing them in the financial system.
Reconciliation:
Perform regular reconciliation of shipping line statements to detect and resolve any discrepancies. Maintain accurate ledger balances by coordinating with shipping line representatives.
Coordination with Operations:
Work closely with operations and documentation teams to validate shipment details and ensure financial entries accurately reflect shipment data. Address and resolve any billing issues related to shipments promptly.
Receivables Management:
Monitor client receivables related to line charges, following up on outstanding payments to ensure timely recovery. Coordinate with clients and internal teams to facilitate payment clearance.
Reporting & Analysis:
Prepare detailed reports on line-wise expenses, profitability, and outstanding balances. Support budgeting and forecasting efforts for shipping line costs, providing insights to aid cost optimization.
Compliance & Audit:
Ensure compliance with company policies and financial regulations. Maintain thorough documentation for audit purposes and assist in both internal and external audit activities.
Required Qualifications
- Bachelor’s degree in Finance, Accounting, or Commerce (BBA, B.Com).
- 3 to 5 years of experience in finance roles within shipping, logistics, or freight forwarding sectors.
Preferred Qualifications
- ACCA part-qualified candidates are highly preferred.
This is a full-time, in-person role demanding strong financial expertise and effective collaboration skills within a fast-paced shipping environment.
Skills
Job Details
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