Inventory Accounting Analyst

3 weeks ago

pune, India BP Energy Full time

Entity:

Finance


Job Family Group:

Finance Group


Job Description:

Role Purpose

The Regional Inventory Accounting Analyst is responsible for the resolution of queries and reconciliation of refined product's inventory. This includes a monthly reconciliation of exchanges, 3rd party terminals, pipelines, in transit bulk locations by comparing SAP transaction data to the custody / confirmation statement received from the 3rd party operator, performing the reconciliation, identifying balancing items, and posting gains and losses. The Regional Inventory Accounting Analyst is responsible for the resolution of these outstanding reconciliation items and issues working closely with front office teams, settlement analysts, volume / transaction control staff and 3rd parties. This includes related storage and handling fees: validating and approving these in readiness for payment ​

Key Accountabilities

To Identify and resolve Interface errors adhering to less than 48 hrs SLA. TAT.

Resolving B2B & B2C queries independently.
Reconciliation of Buy & Sell, bulk (Terminal), and retail activity.
Research and resolution of exchange and physical inventory imbalances
Research and resolution of exchange and storage & handling fee differences
To Identify and resolve root cause errors and internal control gaps
Facilitation and maintenance of internal and external business relationship

Key Challenges 

Ability to influence groups that may have differing priorities. 
Quickly respond to changing circumstances.
Tailor communication style to suit the audience
Issues and balancing items are at times sophisticated and multi-faceted to tackle requiring strong analytical and problem-solving ability.

Qualification & Experience and Proficiencies

Crucial Education and Experience
Bachelor’s Degree in Accounting, Finance, or related field. 
Ability to meet month-end close and other deadlines
Strong analytical and problem solving skills
Strong communication and interpersonal skills
Good interpersonal skills - attention to detail
Bias for action underpinned by a strong work ethic, teamwork and proven record

Desirable Criteria 

Experience in handling scheduling application WinDMS.
Exposure to SAP interface queues, handling B2B & B2C queries.
General accounting experience
Experience with financial or logistical reconciliations
Demonstrated proficiency with SAP
Exposure to the Product Supply Business 
Familiarity with payables and receivables

Educational background

Bachelor's degree in Business, Accounting, Finance, or related field


Travel Requirement

Negligible travel should be expected with this role


Relocation Assistance:

This role is eligible for relocation within country


Remote Type:

This position is a hybrid of office/remote working


Skills:

Accounting for financial instruments, Accounting for financial instruments, Accounting policy, Accounting processes and financial systems, Agility core practices, Agility tools, Analytical Thinking, Analytics, Business process control, Business process improvement, Collaboration, Commercial Acumen, Commercial assurance for external reporting, Communication, Creativity and Innovation, Credit Management, Curiosity, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Automation, Digital fluency, Financial accounting and reporting, Influencing {+ 5 more}


Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company.  We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.).  If you would like to request an accommodation related to the recruitment process, please 

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy.  This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

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