At a Glance
- Tasks: Support cost management and optimise vessel-related expenses through data analysis and contract compliance.
- Company: Join a leading global shipping company with a strong operational presence.
- Benefits: Gain valuable experience in finance and operations while working in a dynamic environment.
- Other info: Opportunity to work with a diverse team and enhance your career in a global setting.
- Why this job: Make an impact on cost efficiency in the shipping industry and develop your analytical skills.
- Qualifications: Bachelor’s degree in Finance, Business, or related field; 1-3 years of relevant experience preferred.
The predicted salary is between 30000 - 40000 £ per year.
Pacific Basin is one of the world’s leading owners and operators of modern Handysize and Supramax dry bulk ships. We are listed in Hong Kong and operate globally with a fleet of over 270 ships trading worldwide. Our team comprises about 4,600 seafarers and over 400 shore staff in 14 key locations around the world.
Location: London
Department: Operations
Reporting Line: Head of Cost Control
Role Summary
The Cost Control Assistant supports the Head of Cost Control in managing and optimizing vessel‑related costs, with a strong focus on direct billing contracts, expense monitoring, and supplier management. The role contributes to cost efficiency by analysing data, ensuring contract compliance, and supporting negotiations to strengthen commercial outcomes.
Responsibilities
- Contract Management & Compliance
- Assist in managing and validating direct billing contracts to ensure accuracy and compliance.
- Monitor contract adherence internally and externally, ensuring all parties comply with agreed terms and conditions.
- Work closely with Contract Management and Risk Management teams to ensure legal and regulatory compliance.
- Cost Monitoring & Analysis
- Monitor and analyse port‑related expenses to identify variances, trends, and potential overspending.
- Perform data analysis to identify cost drivers and improvement opportunities.
- Support the development of cost control strategies through data‑driven insights.
- Cost Optimization
- Identify and support new direct billing opportunities in collaboration with regional stakeholders.
- Contribute to cost‑saving initiatives by reviewing existing processes and supplier arrangements.
- Build and maintain effective relationships with suppliers and vendors to enhance cost efficiency.
- Support coordination and communication with internal stakeholders (e.g., regional managers, operations teams).
- Negotiation Support
- Assist in the preparation and coordination of negotiations for direct billing and agency contracts.
- Support contract discussions with a focus on achieving cost‑effective outcomes.
Skills Capabilities & Qualifications
- Bachelor’s degree in Finance, Business, Maritime Studies, or related discipline.
- 1–3 years of experience in cost control, operations, procurement, or shipping‑related roles.
- Experience with contract administration or vendor management is an advantage.
- Strong analytical skills with proficiency in Excel and data analysis tools.
- Good understanding of cost structures and financial controls (shipping industry experience preferred).
- Strong attention to detail and ability to work with large datasets.
Attributes / Personality
- Analytical and structured thinking.
- Strong attention to detail and accuracy.
- Good communication and stakeholder management skills.
- Ability to work independently and manage multiple tasks.
- Commercial awareness and cost‑conscious mindset.
Cost Control Assistant (1-year contract) employer: Pacific Basin Shipping Limited
Pacific Basin is an exceptional employer, offering a dynamic work environment in the heart of London, where employees can thrive in a global maritime industry. With a strong emphasis on professional development, our team enjoys opportunities for growth and collaboration across diverse departments, fostering a culture of innovation and cost efficiency. Join us to be part of a leading company that values analytical skills and offers a supportive atmosphere for meaningful contributions to our operations.
Contact Details:
Pacific Basin Shipping Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Cost Control Assistant (1-year contract)
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We think you need these skills to ace Cost Control Assistant (1-year contract)
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
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Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Pacific Basin Shipping Limited. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Pacific Basin Shipping Limited confidence in your short-term commitment to the role.
How to prepare for a job interview at Pacific Basin Shipping Limited
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Pacific Basin Shipping Limited.
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Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
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For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Pacific Basin Shipping Limited that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
