Finance

Shipping Finance Analyst

Looking to hire your next Shipping Finance Analyst? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a forward-thinking staffing agency at the forefront of global talent solutions. We specialize in connecting US-based SMBs, startups, and firms with highly skilled professionals from Latin America. Our innovative approach breaks down geographical barriers, allowing businesses to tap into a rich pool of diverse talent while offering Latin American professionals access to exciting international career opportunities. Vintti builds bridges across continents, fostering cultural exchange and driving business growth through strategic staffing solutions.

Description

A Shipping Finance Analyst plays a critical role in the financial management of maritime and logistics operations. This professional is responsible for analyzing financial data related to shipping activities, preparing reports, and providing insights to improve efficiency and profitability. The role involves forecasting budgets, managing costs, and assessing financial risks associated with shipping ventures. Key functions also include collaborating with various departments to streamline financial processes and ensuring compliance with regulatory standards. By leveraging analytical skills and industry knowledge, a Shipping Finance Analyst helps drive strategic financial decisions within the shipping sector.

Requirements

- Bachelor's degree in Finance, Accounting, Economics, or related field.
- Proven experience as a Financial Analyst, preferably in shipping, logistics, or a related industry.
- Strong understanding of financial principles, practices, and regulations.
- Proficiency in financial modeling and forecasting techniques.
- Advanced knowledge of Microsoft Excel; experience with financial software and ERP systems.
- Excellent analytical and problem-solving skills.
- Strong written and verbal communication skills.
- Ability to interpret and analyze large data sets.
- High attention to detail and accuracy.
- Proven ability to manage multiple tasks and deadlines concurrently.
- Strong interpersonal skills and ability to collaborate with cross-functional teams.
- Knowledge of industry-specific regulations and compliance requirements.
- Experience in preparing and presenting financial reports and analyses to management.
- Familiarity with accounts receivable and payable processes.
- Ability to perform variance analysis and cost analysis.
- Experience with budgeting and financial planning.
- Proven track record of identifying efficiency improvements and cost-saving opportunities.
- Strong organizational skills.
- Ability to handle sensitive financial information with integrity and confidentiality.
- Continuous learning mindset and staying updated with industry trends and regulatory changes.

Responsabilities

- Analyze daily shipping transactions and financial activities.
- Prepare and review financial reports on revenue, expenses, and profit margins related to shipping operations.
- Conduct variance analysis to identify discrepancies between actual and budgeted financials.
- Collaborate with various departments to gather and consolidate financial data.
- Monitor and manage shipping accounts receivable and payable.
- Develop and maintain financial models to forecast shipping performance.
- Perform cost analysis and recommend efficiency improvements.
- Reconcile shipping financial records with accounting systems and audits.
- Ensure compliance with industry regulations and financial reporting standards.
- Assist in preparing budgets and financial plans for shipping operations.
- Review and approve shipping invoices and expense reports.
- Analyze the financial impact of shipping rate changes and fuel cost fluctuations.
- Prepare and present financial summaries and insights to management.
- Maintain accurate and up-to-date general ledger entries for shipping transactions.
- Provide support for internal and external audits regarding shipping finance data.
- Collaborate with procurement to analyze financial aspects of shipping contracts and vendor agreements.
- Utilize financial software and tools to enhance analysis accuracy and efficiency.
- Provide financial insights and recommendations for new shipping projects and investments.
- Prepare ad-hoc financial reports and analyses as required by management.
- Stay updated with industry trends and changes in shipping finance regulations.

Ideal Candidate

The ideal candidate for the Shipping Finance Analyst role is a highly analytical and detail-oriented professional with a strong foundation in financial principles, practices, and industry-specific regulations. Holding a Bachelor's degree in Finance, Accounting, Economics, or a related field, they bring proven experience as a Financial Analyst, ideally within the shipping, logistics, or a related industry, showcasing their capability to handle complex financial data. They possess advanced knowledge of Microsoft Excel and are adept at utilizing financial software and ERP systems for precise analysis and forecasting. Their exceptional problem-solving skills and ability to interpret and analyze large data sets allow them to identify discrepancies, efficiency improvements, and cost-saving opportunities effectively. With strong written and verbal communication skills, they are proficient in preparing and presenting clear and insightful financial reports to management. The candidate excels in managing multiple tasks and meeting strict deadlines while maintaining high accuracy and attention to detail. Their solid understanding of accounts receivable and payable processes, alongside experience in variance and cost analysis, makes them a critical asset in managing and optimizing financial operations. They have strong interpersonal skills, enabling seamless collaboration with cross-functional teams, and demonstrate high integrity in handling sensitive financial information. With a proactive, self-motivated approach and a continuous learning mindset, they stay abreast of industry trends and regulatory changes, contributing to informed decision-making and strategic planning within the shipping finance domain.

On a typical day, you will...

- Analyze daily shipping transactions and financial activities to support decision-making processes.
- Prepare and review financial reports related to shipping operations, including revenue, expenses, and profit margins.
- Conduct variance analysis to identify discrepancies between actual and budgeted financials.
- Collaborate with other departments to gather and consolidate relevant financial data.
- Monitor and manage shipping accounts receivable and payable, ensuring timely payments and collections.
- Develop and maintain shipping financial models to forecast future financial performance.
- Perform cost analysis and recommend efficiency improvements to reduce shipping costs.
- Reconcile shipping-related financial records with internal accounting systems and external audits.
- Ensure compliance with industry regulations and financial reporting standards.
- Assist in the preparation of budgets and financial plans specific to shipping operations.
- Review and approve shipping invoices and expense reports.
- Analyze the financial impact of shipping rate changes and fuel cost fluctuations.
- Prepare and present financial summaries and insights to management.
- Maintain accurate and up-to-date general ledger entries for shipping-related financial transactions.
- Support internal and external audits by providing documentation and analysis of shipping financial data.
- Collaborate with procurement to analyze the financial aspects of shipping contracts and vendor agreements.
- Utilize financial software and tools to enhance the accuracy and efficiency of financial analysis.
- Provide financial insights and recommendations on new shipping projects or potential investments.
- Prepare ad-hoc financial reports and analysis as required by management.
- Stay updated with industry trends and changes in shipping finance regulations.

What we are looking for

- Highly analytical mindset with strong problem-solving skills
- Exceptional attention to detail and accuracy
- Proficiency in financial modeling and forecasting
- Advanced knowledge of Microsoft Excel and financial software
- Strong understanding of financial principles and industry-specific regulations
- Excellent written and verbal communication skills
- Ability to interpret and analyze large data sets
- Proven ability to manage multiple tasks and meet deadlines
- Strong interpersonal skills and ability to collaborate effectively with cross-functional teams
- Demonstrated experience in preparing and presenting financial reports
- Skilled in variance analysis and cost analysis
- Experience with accounts receivable and payable processes
- Strong organizational skills and ability to handle sensitive financial information
- Continuous learning mindset to stay updated with industry trends and regulatory changes
- Proactive and self-motivated with a track record of identifying efficiency improvements and cost-saving opportunities
- High level of integrity and confidentiality

What you can expect (benefits)

- Competitive salary range based on experience and qualifications
- Comprehensive health, dental, and vision insurance plans
- Retirement savings plan with company matching contributions
- Generous paid time off (PTO) and holiday schedule
- Flexible working hours and remote work options
- Professional development and training opportunities
- Tuition reimbursement programs for further education
- Performance-based bonuses and incentives
- Employee wellness programs and resources
- Subsidized gym memberships
- Life and disability insurance
- Employee assistance programs for personal and professional support
- Commuter benefits and transportation assistance
- Collaborative and inclusive work environment
- Opportunities for career advancement and internal mobility
- Access to industry conferences and networking events
- Onsite or subsidized childcare facilities
- Company-sponsored social events and team-building activities
- Employee discounts on company products and services

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