Accounts Officer - Vessel

As an Accounts Officer - Vessel at BSM, you will be responsible for managing the financial operations of assigned vessels, ensuring accurate accounting, timely reporting, and compliance with maritime financial standards. This role is essential in maintaining financial transparency between ship and shore, supporting operational efficiency, and enabling informed decision-making through reliable financial data.

Key Responsibilities

Vessels’ Accounting Operation

• Executes all the accounting transactions of the assigned vessels, i.e. invoices, expenses, payments, payroll, etc., updating accordingly all the respective accounting ledgers, in order toassist in the effective monitoring of each vessel financial operation and compliance with the accounting rules and legislation.

• Upon approval, proceeds to the prompt settlement of all accounts / payments of related vessels, e.g., crew payroll etc., so as to support the smooth operation of vessels.

• Develops and upon approval provides the periodical statements of the assigned vessels financial transactions to the ship owners, in order to identify the compliance with the budget of each vessel. Informs the Chief Accountant/ Supervisor, Senior Officer of each assigned vessel, concerning their expenses and budget compliance.

• Issues the invoices for each client according to the contractual agreements and upon approval from his/her supervisor submit them to clients, as well as monitor their timely payment, reporting any potential discrepancies from schedule. Raises intercompany invoices and reconciles the intercompany balance on periodical basis.

• Gathers and provides information concerning the company’s and the vessels financial status, in order to support the development of report for management and facilitate decision making.

Accounting reporting

• Proceeds all the accounting entries and develops analytical monthly accounting reports according to the requirements and processes of BSM, in order to provide management with the requirement information.

Execution of the Accounting Operations

• Proceeds to the reconciliation of accounting transactions, as well as prepares and updates all accounting records and subordinate ledgers of the SMC in accordance with BSM accounting policies, chart of accounts, and related accounting principles and practices.

• Updates all the management accounting systems, in order to provide prompt and adequate information concerning costs and other financial/ accounting information, for purposes of control and evaluation of operations’ performance.

Compliance with legislation

• Participates in the execution of external audits, providing all the required information to the auditors, in order to facilitate their accurate and fast execution.

• Keeps up-to-date with changes in the accounting legislation and reviews the operation of the department, proposing and, upon approval, implementing improvements in policies, proceduresand guidelines, enhancing the smooth and efficient workflow of the department and its compliance with local and international accounting standards.

• Keeps up to date with the changes and revisions in the Ship Management Agreements, crew wage scales and tariff of contracted agents, in order to support their compliance monitoring with the relevant billing and payment activities.

Participation in Audits

• Assists in the execution of internal and external audits by timely gathering and providing all the required information and data as directed by supervisor, thus contributing towards their proper and accurate conduction, enhancing Company’s’ credibility and corporate image.

Management of Resources

• Assist the Team Lead coordinates, coaches and motivates his subordinates, through the appropriate training, development, management of performance and salary progression to ensure that staff have the appropriate knowledge, skills and support that will help them perform effectively and contribute to the achievement of the department’s desired short and long-term objectives.

Qualifications & Experience

• University degree in Accountancy, Management Accounting, or equivalent

• CPA license is an advantage

• 2 years and above of relevant work experience, ideally in Ship Management

Skills & Competencies

• Strong analytical and financial reporting skills

• Attention to detail and accuracy in financial data handling

• Ability to interpret and apply accounting principles

• Effective communication and interpersonal skills

• Understanding of maritime market conditions

• Fluency in English

• Ability to manage multiple tasks and meet deadlines

Why You Should Join Us!

We offer a supportive environment, competitive compensation, and meaningful opportunities. By joining us, you will enjoy:

Benefits

• Retirement Benefit

• SSS, PagIbig, PhilHealth Contributions Employer’s Share

• Medical Insurance (HMO)

• Life Insurance

• Free Uniform

• Free Office Lunch

• Pro-rated Sick Leave and Vacation Leave on Day 1

• 18 Days’ Vacation Leave per annum (increasing every 5 years of service by 1 day up to 22 days)

• 21 Days Sickness Leave per annum

Administrative Benefits

• Hybrid setup

• Compassionate Leave 3 Day – Immediate Family; 1 Day - Extended Family

• Maternity/Paternity Leave

• Birthday Leave

• Birthday Allowance of Php 1,500

• Medical Reimbursement-Php 750 per month; Php 9,000 per annum

• Wedding Gift

• Eyeglasses worth Php 3,000 upon regularization