At a Glance
- Tasks: Support cost management and optimise vessel-related expenses in a dynamic shipping environment.
- Company: Join Pacific Basin, a global leader in dry bulk shipping with a diverse fleet.
- Benefits: Gain valuable experience in finance and operations while working in a supportive team.
- Other info: Opportunity for career growth in a fast-paced, international setting.
- Why this job: Make an impact on cost efficiency and contribute to exciting maritime projects.
- Qualifications: Bachelor’s degree in Finance 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) in London employer: Pacific Basin Shipping Limited
Pacific Basin is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and teamwork thrive. With a strong commitment to employee development, we provide ample opportunities for growth within the maritime industry, alongside competitive benefits and a culture that values collaboration and excellence. Join us to be part of a global leader in shipping, where your contributions directly impact our success and sustainability.
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) in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Pacific Basin Shipping Limited.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Pacific Basin Shipping Limited might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Cost Control Assistant (1-year contract) in London
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!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Pacific Basin Shipping Limited will be keen to see in your application.
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.
✨Showcase Your Analytical Skills
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.
✨Highlight Flexibility and Adaptability
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.
