Stock Analyst

2 days ago

Mumbai, Maharashtra, India Puma Energy Full time ₹ 9,00,000 - ₹ 12,00,000 per year

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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/CA)

  • 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

  • Knowledge of French (read/write/speak) would be an added advantage

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