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Stock Analyst

4 months ago

mumbai, India Puma Energy Full time

Main Purpose:

Stock accountant - accounting and reconciliations for one or more entities.

Knowledge Skills and Abilities, Key Responsibilities:

Key Responsibilities

Stock Accounting for an offshore entity

Accounting of product purchases ,capturing product costs and related expenses in ERP system Accounting of operational and transit losses and gains in ERP system Reconciliation of physical inventory records with system stock data Ensure product costs are accounted correctly and average cost is maintained in the system on daily basis. Analysis of the variance in cost. Ensure receipts , sales and own use are accounted all in system on daily basis by comparing the physical with System Abnormal losses/gains are investigated and necessary corrective action is taken by the site managers. Petroleum taxes are correctly computed and paid on time Ensuring sites are submitting daily stock reconciliations timeously Following up and helping resolve challenges that may result in delays in stock accounting process . Review product costs and taxes before processing in system as submitted by Product Accountant and Tax Accountant Insure that stock is correctly reported and match with sub ledger in the Flash and Monthly reporting. Enforce internal controls in the stocks function. This entails ensuring adherence to Puma Stocks Procedures as advised in the Puma Internal Control Policy

Experience

Years of experience: Preferably 4-5 years or more Accounting Degree Educated or equivalent (BCOM, MCOM, ICWA/ CMA, MBA) Business orientated with experience in the Oil Downstream industry is mandatory/preferably Experience in understanding Stock experience Candidates from shared services set up preferred Knowledge of stock accounting method needed (Average / FIFO /LIFO)

Skills

Microsoft Office proficient Navision /ERP knowledge Good verbal and written communication skills with the ability to articulate complex information

Key Relationships and Department Overview:

Internal External