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Inventory Accounting Analyst

Inventory Accounting Analyst

  • Location India - Maharashtra - Pune
  • Travel required No
  • Job category Finance Group
  • Relocation available Yes - Domestic (In country) only
  • Job type Professionals
  • Job code 131132BR
  • Experience level Intermediate
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Job summary

Grade IResponsible for supporting the team with accounting and reporting services, helping to ensure the integrity and effectiveness of accounting policy application, internal control, financial reporting, accounting systems support and delivery of financial accounting processes in conformance with BP's systems and requirements.

At bp, we’re reimagining energy for people and our planet. We have a bold ambition: be a net zero company by 2050 or sooner, and help the world get to net zero. Creating a more efficient business that makes the best use of its resources is a critical part of getting there. And that’s what our new global business services (GBS) centre in Pune, India is here to do – put digital at the heart of our business and accelerate the transformation of bp’s business processes across the globe. Driven by the bp values and comprising capabilities in data, procurement, finance and customer service, the GBS centre will drive cutting-edge digital solutions and agile ways of working.

We’re now ready to build a strong team for our new GBS centre. If you have a digital-first mindset and a passion for creating effortless customer experiences, you will thrive here. Put your aptitude for solving complex business challenges with innovative digital solutions to work, while ensuring that safe and ethical work practices are adhered to. Above all, you will be backed by a culture that encourages curiosity, creativity and collaboration. Let’s hear from you.



Role purpose:

The Inventory Accounting Analyst is responsible for the reconciliation of refined products inventory for Refining & Marketing business units. 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 reconciling items, and posting gains and losses. The 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 for related storage and handling fees: validating and approving these in readiness for payment. In addition, for retail sites, the reconciliation of sales and deliveries, comparison to physical stock and booking gains and losses.


Accountabilities:

  • Reconciliation of exchange, truck, bulk and retail activity
  • Research and resolution of exchange and physical inventory imbalances
  • Research and resolution of exchange and storage & handling fee differences
  • Identification and resolution of root cause errors
  • Identification and resolution of internal control gaps
  • Facilitation and maintenance of internal and external business relationships

Essential 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 organizational skills - attention to detail
  • Bias for action underpinned by a strong work ethic, teamwork and proven track record of value added.

Desirable Criteria:
  • 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
  • Bachelors degree in Business, Accounting, Finance or related field.

At bp, we’re reimagining energy for people and our planet. We have a bold ambition: be a net zero company by 2050 or sooner, and help the world get to net zero. Creating a more efficient business that makes the best use of its resources is a critical part of getting there. And that’s what our new global business services (GBS) centre in Pune, India is here to do – put digital at the heart of our business and accelerate the transformation of bp’s business processes across the globe. Driven by the bp values and comprising capabilities in data, procurement, finance and customer service, the GBS centre will drive cutting-edge digital solutions and agile ways of working.

Role purpose

The Inventory Accounting Analyst is responsible for the reconciliation of refined products inventory for Refining & Marketing business units. 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 reconciling items, and posting gains and losses. The 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 for related storage and handling fees: validating and approving these in readiness for payment. In addition, for retail sites, the reconciliation of sales and deliveries, comparison to physical stock and booking gains and losses.

Accountabilities:
  • Reconciliation of exchange, truck, bulk and retail activity
  • Research and resolution of exchange and physical inventory imbalances
  • Research and resolution of exchange and storage & handling fee differences
  • Identification and resolution of root cause errors
  • Identification and resolution of internal control gaps
  • Facilitation and maintenance of internal and external business relationships

Apply Search all jobs at bp